AEM · Intrinsic value
Is Agnico Eagle Mines Limited (AEM) overvalued or undervalued?
Agnico Eagle Mines Limited (AEM) trades at the delayed market price of $189.53 a share. That price already implies revenue growth of 14.7% a year for 5 years. TickerWorth's fair value is $154.65 a share (priced within our range of $93.42 – $192.95). We do not call it over- or undervalued from inside our range.
Model by Miraaj Patel · generated from SEC filings and market data · Updated Oct 19, 2026 · How these pages are made
Is AEM fairly valued?
- Fair value
- $154.65
- Market price
- $189.53
- Downside to fair value
- 18.4%
- Verdict
- Priced within our range of $93.42 – $192.95
Reverse DCF: Today's price implies revenue growth of 14.7% a year for 5 years; our model assumes 15.1% a year on average over the same horizon.
What is AEM's TickerWorth Score?
A stronger business than most — but not cheap
Compared with Basic Materials companies in US
Its strongest point: a profitable, high-quality business. Its weakest: trades above our estimate of what it's worth.
- Value · 48 of 100
Cheaper than 48% of Basic Materials companies in US
- Price vs worth · 35 of 100
- Quality · 89 of 100
More profitable than 89% of Basic Materials companies in US
- Financial health · 71 of 100
Financially stronger than 71% of Basic Materials companies in US
- Growth · 47 of 100
Growing faster than 47% of Basic Materials companies in US
- Momentum · 46 of 100
Outperformed 46% of Basic Materials companies in US over the past year
Confidence: High confidence · Scored
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AEM DCF valuation, input by input
TickerWorth's fair value for Agnico Eagle Mines Limited (AEM) is $154.65 a share, against the delayed market price of $189.53 (priced within our range of $93.42 – $192.95). We do not call it over- or undervalued from inside our range. It is a model estimate, and every input behind it is sourced below. This is an educational model, not a price target or a recommendation.
Read the full reasoning
One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values AEM at about $192.95 per share. The rest of this page walks through that DCF — its assumptions, reverse-DCF and discount-rate sensitivity — because it is the auditable anchor of the blend.
The valuation discounts Agnico Eagle Mines Limited's projected free cash flows at a weighted-average cost of capital (WACC) of 8.3%, with a long-run terminal growth rate of 2.5%. About 81% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 14.7% annual revenue growth for AEM. Our base case instead compounds to about 15.1% a year over the same forecast, so the market's implied growth is broadly in line with our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, AEM's modeled DCF value ranges from about $137.11 to $332.05 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Agnico Eagle Mines Limited would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of AEM's intrinsic value. Figures update as new filings and prices come in.
Every input behind AEM's DCF
| Input | Value |
|---|---|
| Base-year revenueAGNICO EAGLE MINES LIMITED FY2025 40-F (accession 0001104659-26-032153): ifrs-full:RevenueFromContractsWithCustomers, FY2025 full year. | $11,880,600,000 |
| Base EBIT marginAGNICO EAGLE MINES LIMITED FY2022 40-F (accession 0001104659-23-037010): ifrs-full:ProfitLossFromOperatingActivities 2,771,724,000 / revenue 11,880,601,000 = 23.33%, FY2025. | 23.3% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 27% → 21% → 15% → 10% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.2% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 0.67 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesAGNICO EAGLE MINES LIMITED FY2025 40-F (accession 0001104659-26-032153): WeightedAverageShares = 501,993,000 shares, FY2025. | 502M |
| Market priceBackup price feed · as of 2026-10-19 13:16 UTC | $189.53 |
Change AEM's assumptions
The discount-rate dial and the editable model
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What does Agnico Eagle Mines Limited do?
What does it do?
Agnico Eagle Mines Limited, a gold mining company, engages in the exploration, development, and production of precious metals. It explores for gold, silver, copper, and zinc. It operates in the Gold industry (Basic Materials sector), headquartered in Canada.
How does it make money?
The business turns $14.5B in annual revenue into profit. Out of every $100 of sales, about $58 is left as operating profit (operating margin of 58.1%), after a 75% gross margin on the products/services it sells. After all costs, taxes and interest, 40.4% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks solid: carries moderate debt (1.1× equity), comfortably covers its short-term bills (2.9× current ratio), and is currently profitable.
AEM insider trading
We have no recent SEC Form 4 insider filings on file for Agnico Eagle Mines Limited. Form 4 covers US-listed companies only.
Common questions
What is AEM's intrinsic value?
TickerWorth's blended fair value for Agnico Eagle Mines Limited (AEM) is $154.65 per share, versus a market price of $189.53 (priced within our range of $93.42 – $192.95).
Is AEM overvalued or undervalued?
Priced within our range of $93.42 – $192.95 at $189.53. We don't call AEM overvalued or undervalued from a range. This is an educational estimate, not advice.
What discount rate is used for AEM?
A WACC of 8.3% and a terminal growth rate of 2.5%.
Is Agnico Eagle Mines stock undervalued?
TickerWorth's fair value for Agnico Eagle Mines Limited (AEM) is $154.65 against a market price of $189.53. Our read: Priced within our range of $93.42 – $192.95. This is a model estimate, not investment advice.
Agnico Eagle Mines (AEM) DCF valuation and fair value
Our fair value for Agnico Eagle Mines Limited (AEM) is $154.65, built on a 8.3% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Agnico Eagle Mines stock?
Today's price implies revenue growth of 14.7% a year for 5 years; our model assumes 15.1% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $189.53. A model estimate, not investment advice.
Agnico Eagle Mines (AEM) insider trading
We have no recent SEC Form 4 insider filings on file for Agnico Eagle Mines Limited (AEM). Form 4 covers US-listed companies only.
How does AEM compare with its peers?
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Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.