Agnico Eagle MinesHAM:AE9 +1.71%98 Quick Ratio is 2.18 as of Mar. 2026, which is 82% above its 10-year median of 1.20. GuruFocus rates HAM:AE9 with a GF Score™ of 98/100 and a GF Value™ of €141.58 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,637 Metals & Mining companies, Agnico Eagle Mines ranks worse than 51.31% on this metric.
Agnico Eagle Mines has a quick ratio of 2.18. It generally indicates good short-term financial strength.
The historical rank and industry rank for Agnico Eagle Mines's Quick Ratio or its related term are showing as below:
HAM:AE9'
s Quick Ratio Range Over the Past 10 Years
Min: 0.56 Med: 1.2 Max: 3.61
Current: 2.18
During the past 13 years, Agnico Eagle Mines's highest Quick Ratio was 3.61. The lowest was 0.56. And the median was 1.20.
HAM:AE9's Quick Ratio is ranked worse than 51.31% of 2637
companies
in the Metals & Mining industry
Industry Median: 2.32
vs HAM:AE9: 2.18
Agnico Eagle Mines (HAM:AE9) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Agnico Eagle Mines Quick Ratio Related Terms
Agnico Eagle Mines Quick Ratio Historical Data
* Premium members only.
The historical data trend for Agnico Eagle Mines's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Gold subindustry, Agnico Eagle Mines's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Agnico Eagle Mines Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Agnico Eagle Mines's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Agnico Eagle Mines's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Agnico Eagle Mines's Quick Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Agnico Eagle Mines (HAM:AE9) has a Quick Ratio of 2.18 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Agnico Eagle Mines and its competitors. This is 82% above median its historical median of 1.20. Over the past decade, Agnico Eagle Mines' Quick Ratio has ranged from 0.56 to 3.61. According to the industry distribution chart, Agnico Eagle Mines ranks #1353 out of 2637 companies in the Metals & Mining industry, placing it in the top 51.3%.
Is Agnico Eagle Mines' Quick Ratio too high?
Agnico Eagle Mines' current Quick Ratio of 2.18 is 82% above median its 10-year median of 1.20. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 3.61. The Metals & Mining industry median Quick Ratio is 2.32. Agnico Eagle Mines' value of 2.18 is 6% below this industry median. Based on the distribution chart, Agnico Eagle Mines ranks #1353 out of 2637 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Agnico Eagle Mines has a GF Score™ of 98/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Agnico Eagle Mines' Quick Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Agnico Eagle Mines ranks #1353 out of 2637 companies for Quick Ratio. This places Agnico Eagle Mines in the lower half of its industry. The industry median Quick Ratio is 2.32. Agnico Eagle Mines' value of 2.18 is 6% below this benchmark. Historically, Agnico Eagle Mines' own Quick Ratio has ranged from 0.56 to 3.61 over the past decade. While the company's 10-year median is 1.20 vs. the industry median of 2.32, Agnico Eagle Mines has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Metals & Mining company?
The median Quick Ratio among Metals & Mining companies is 2.32, based on 2,637 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Agnico Eagle Mines's current Quick Ratio of 2.18 is 6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Agnico Eagle Mines and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agnico Eagle Mines's current Quick Ratio is 2.18, which is 82% above median its own 10-year median of 1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agnico Eagle Mines stock overvalued right now?
Based on GuruFocus' analysis, Agnico Eagle Mines (HAM:AE9) is currently considered Fairly Valued. The stock's GF Value™ is €141.58, compared to a current price of €139.45 — trading 1.5% below its estimated fair value. The current Quick Ratio is 2.18, which is 82% above median its 10-year median of 1.20 and 6% below the Metals & Mining industry median of 2.32. Agnico Eagle Mines' overall GF Score™ is 98/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Agnico Eagle Mines (HAM:AE9), the current Quick Ratio is 2.18 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Agnico Eagle Mines (HAM:AE9) Overvalued in 2026?
Based on GuruFocus' analysis, Agnico Eagle Mines stock appears to be undervalued.
The current stock price of €139.45 is trading 1.5% below its estimated GF Value™ of €141.58.
GuruFocus considers Agnico Eagle Mines to be Fairly Valued.
Key valuation signals for HAM:AE9:
Quick Ratio: 2.18 (82% above median its 10-year median of 1.20)
GF Value™: €141.58 vs. price of €139.45 (1.5% below fair value)
Industry Position: 6% below the Metals & Mining median (#1353 of 2637)
No single metric tells the full story. See the HAM:AE9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It sold around 3.4 million gold ounces in 2025 and had about 15 years of gold reserves at end 2025. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
98GF Score
Get the complete analysis for HAM:AE9
Quick Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HAM:AE9 has been successfully added to your 
