Agnico Eagle MinesTSX:AEM +0.44%98 ROE % is 26.52% as of Mar. 2026, which is 179% above its 10-year median of 9.49. GuruFocus rates TSX:AEM with a GF Score™ of 98/100 and a GF Value™ of C$226.47 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,389 Metals & Mining companies, Agnico Eagle Mines ranks better than 90.04% on this metric.
The historical rank and industry rank for Agnico Eagle Mines's ROE % or its related term are showing as below:
TSX:AEM'
s ROE % Range Over the Past 10 Years
Min: -7.06 Med: 9.49 Max: 22.32
Current: 22.32
During the past 13 years, Agnico Eagle Mines's highest ROE % was 22.32%. The lowest was -7.06%. And the median was 9.49%.
TSX:AEM's ROE % is ranked better than 90.04% of 2389
companies
in the Metals & Mining industry
Industry Median: -16.02
vs TSX:AEM: 22.32
Agnico Eagle Mines (TSX:AEM) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Agnico Eagle Mines ROE % Related Terms
Agnico Eagle Mines ROE % Historical Data
* Premium members only.
The historical data trend for Agnico Eagle Mines's ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Agnico Eagle Mines's ROE % distribution charts can be found below:
* The bar in red indicates where Agnico Eagle Mines's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Agnico Eagle Mines (TSX:AEM) has a ROE % of 26.52% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Agnico Eagle Mines and its competitors. This is 179% above median its historical median of 9.49. According to the industry distribution chart, Agnico Eagle Mines ranks #238 out of 2389 companies in the Metals & Mining industry, placing it in the top 10%.
Is Agnico Eagle Mines' ROE % too high?
Agnico Eagle Mines' current ROE % of 26.52% is 179% above median its 10-year median of 9.49. Based on the distribution chart, Agnico Eagle Mines ranks #238 out of 2389 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. 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' ROE % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Agnico Eagle Mines ranks #238 out of 2389 companies for ROE %. This places Agnico Eagle Mines in the top 10% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Metals & Mining company?
A good ROE % depends on the Metals & Mining industry context. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Agnico Eagle Mines and its competitors. Agnico Eagle Mines's current ROE % is 26.52%, which is 179% above median its own 10-year median of 9.49. 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 (TSX:AEM) is currently considered Fairly Valued. The stock's GF Value™ is C$226.47, compared to a current price of C$223.07 — trading 1.5% below its estimated fair value. The current ROE % is 26.52%, which is 179% above median its 10-year median of 9.49. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Agnico Eagle Mines (TSX:AEM), the current ROE % is 26.52% 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 (TSX:AEM) Overvalued in 2026?
Based on GuruFocus' analysis, Agnico Eagle Mines stock appears to be undervalued.
The current stock price of C$223.07 is trading 1.5% below its estimated GF Value™ of C$226.47.
GuruFocus considers Agnico Eagle Mines to be Fairly Valued.
Key valuation signals for TSX:AEM:
ROE %: 26.52% (179% above median its 10-year median of 9.49)
GF Value™: C$226.47 vs. price of C$223.07 (1.5% below fair value)
No single metric tells the full story. See the TSX:AEM 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
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