Agnico Eagle Mines Limited (AEM): fair value, margin of safety and Wheel Score

Is AEM undervalued?

At 187.56 (close of 16 Oct 2026), AEM trades 15% under the GLS average fair value of 219.37. 4 of the 9 models that produced a value land above the price. A discount of this size counts as a positive margin of safety in every GLS screen; whether it is enough depends on the rest of the picture - the health score, the moat and the option premium below.

There is a wide gap between Lynch (4.26) and GLS Growth (711.87). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.

The nightly engine files AEM under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.

Nine valuation models for AEM

Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.

Quality and financial health

Agnico Eagle Mines Limited scores 9 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. A GLS Moat score of 8.6/10 puts AEM among the more durable businesses we track: over ten years the metrics the score watches (revenue, EPS, book value, margins, cash flow, ROIC) have mostly moved the right way, year after year.

Returns on capital are high - ROIC 17.8%, ROE 18.0%, ROA 12.9% - with debt at 0.01 times equity and a free-cash-flow yield of 4.7%.

The dividend yield is 0.93% with a payout ratio of 13% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Gold 92%, Silver 6%, Copper 1% (fiscal year FY2013).

Institutional ownership scores 8/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 91: Prime

With a Wheel Score of 91, Agnico Eagle Mines Limited sits in the Prime band - price, quality and premium all line up for the wheel strategy. The parts: Value 19/25, Health 20/20, Moat 13/15, Premium 20/20, Stability 20/20. A high score is a ranking, not a signal: it says nothing about timing, the earnings date or your position size.

Implied volatility is 44% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. The option chain is deep: 106,165 contracts of open interest across all expiries, which means tight fills at most strikes.

Volume runs at 2.2M shares a day on a market cap of $95.0B, with a beta of 0.64 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 20 of 20.

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.

Upcoming events

Agnico Eagle Mines Limited reports earnings on 28 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

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The 12 companies below are the closest to Agnico Eagle Mines Limited by market cap within the Gold industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.

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