Agnico Eagle Mines Management
Management criteria checks 3/4
Agnico Eagle Mines' CEO is Ammar Al-Joundi, appointed in Apr 2015, has a tenure of 11.42 years. total yearly compensation is $17.64M, comprised of 5.7% salary and 94.3% bonuses, including company stock and options. directly owns 0.01% of the company’s shares, worth $10.00M. The average tenure of the management team and the board of directors is 4.6 years and 5.5 years respectively.
Key information
Ammar Al-Joundi
Chief executive officer
US$17.6m
Total compensation
| CEO salary percentage | 5.68% |
| CEO tenure | 11.4yrs |
| CEO ownership | 0.01% |
| Management average tenure | 4.6yrs |
| Board average tenure | 5.5yrs |
Recent management updates
Recent updates
Seeking Alpha • Sep 16
Agnico Eagle: Great Company, But The Valuation Has Caught Up (Rating Downgrade)
Summary I'm downgrading Agnico Eagle Mines from Strong Buy to Hold after Q2 2026 results. AEM delivered robust Q2 2026 performance: 856,000 ounces produced, $2.74B adjusted EBITDA, $1.34B record FCF, and net cash rising to $3.27B. The FWD non-GAAP PEG ratio has climbed to 2.34x, a 91% premium to the sector, while 3–5 year EPS growth lags at 6.93% versus the sector's 12.75%. The balance sheet provides substantial protection but with my $199 price target offering limited upside from current levels. The main risks remain gold-price volatility, project execution, and higher capital requirements as AEM builds Hope Bay and advances its other growth projects. Read the full article on Seeking Alpha
Narrative Update • Sep 07
AEM: Cost Control And Production Delivery Will Drive Future Senior Gold Repricing
Analysts have trimmed the fair value estimate for Agnico Eagle Mines to $300 from $310, reflecting updated price targets and modeling that factor in revised commodity assumptions, cost pressures, and company specific production updates. Analyst Commentary Recent Street research on Agnico Eagle Mines presents a mixed picture on valuation, but there are several clearly bullish threads that long term investors may want to note.
Narrative Update • Aug 24
AEM: Barnat Disruption And Buybacks Will Shape Fairly Balanced Outlook
The updated analyst price target for Agnico Eagle Mines has moved from $249.60 to $214.98 as analysts incorporate recent Q2 previews, commodity price forecast changes, and revised production and cost assumptions into their models. Analyst Commentary Recent Street research on Agnico Eagle Mines shows a split between analysts who see the current setup as an attractive entry point and those who are more cautious on near term execution and commodity price risk.
Narrative Update • Aug 10
AEM: Barnat Setback And Softer Gold Outlook Will Pressure Returns
Agnico Eagle Mines' updated analyst price target reflects a modest reset in fair value to $112.50 from $115.10, as analysts factor in softer revenue expectations alongside slightly stronger profit margins and a higher future P/E assumption. Analyst Commentary Recent Street research on Agnico Eagle Mines shows a mix of caution and support, with several firms recalibrating their targets around commodity assumptions, company specific events and sector positioning.Narrative Update • Jul 27
AEM: Barnat Disruption And Softer Commodity Outlook Will Limit Near Term Upside
Agnico Eagle Mines' updated analyst price target points slightly lower to reflect a modest trim in fair value to about $115. Analysts are factoring in softer near term revenue assumptions, a small pullback in projected profit margins, and slightly lower future P/E expectations within a broadly cautious reset of gold sector targets.Narrative Update • Jul 13
AEM: Barnat Production Disruption Will Ultimately Cap Upside Despite Rich Pipeline
The updated analyst price target for Agnico Eagle Mines reflects a lower fair value estimate of $118.47. Analysts cite reduced commodity price forecasts, production adjustments at Canadian Malartic, and expectations for mixed near term sector conditions.
New Narrative • Jul 06
Is This Micro-Cap the Secret Solution to Agnico Eagle’s Multi-Year Production Crisis? (CSE: RFR | NYSE: AEM)
With gold hovering near record highs, a massive structural shift is quietly playing out in the Abitibi greenstone belt that the broader market has completely failed to price in. If you are holding Agnico Eagle ($AEM) or hunting for the ultimate asymmetric micro-cap play, you need to look at the cold engineering reality currently facing the Canadian Malartic complex—and the tiny junior right next door that holds the key to fixing it: Renforth Resources (CSE: RFR | OTCQB: RFHRF).Narrative Update • Jun 29
AEM: Exploration Pipeline And Q1 Execution Will Drive Future Senior Gold Repricing
The analyst fair value estimate for Agnico Eagle Mines has been reduced from $330 to $310. The updated target reflects recent Street research that highlights favorable Q1 results, exploration upside, and generally positive views on gold stocks, while incorporating slightly adjusted assumptions for discount rate, revenue growth, profit margin, and future P/E.Narrative Update • Jun 15
AEM: Future Capital Projects And Buybacks Will Support Bullish Outlook
Narrative Update on Agnico Eagle Mines The analyst price target for Agnico Eagle Mines has been revised upward by $6 to $310, as analysts point to favorable recent results, potential exploration upside, and continued positive views on gold equities. Analyst Commentary Recent research shows a mix of optimism and caution on Agnico Eagle Mines, with several firms updating ratings and price targets based on company specific factors and broader sector views on metals and mining.Narrative Update • Jun 01
AEM: Future Senior Gold Repricing Will Rely On Hope Bay Redevelopment
Analysts have edged their average price target for Agnico Eagle Mines slightly lower to about $330, citing updated fair value, discount rate, and growth assumptions. This comes even as several recent research notes highlight favorable Q1 results, potential exploration upside, and generally positive views on gold equities.Narrative Update • May 15
AEM: Future Project Pipeline And Buybacks Will Drive Bullish Outlook
The analyst price target on Agnico Eagle Mines has been adjusted slightly lower to reflect a fair value move of about $2 and modestly softer assumptions on revenue growth, profit margins, future P/E and discount rate, even as recent Street research shows a mix of target hikes and trims across firms updating their gold and company forecasts. Analyst Commentary Recent research on Agnico Eagle Mines shows a wide range of opinions on both valuation and risk, with several firms updating price targets and ratings in response to refreshed gold and company forecasts.Narrative Update • May 01
AEM: Exploration And Dividend Momentum Will Drive Future Senior Gold Repricing
Agnico Eagle Mines' analyst price target has been trimmed by about $0.11 as analysts reassess forecasts, reflecting updated views on discount rates, revenue growth, profit margins and future P/E assumptions following a series of recent target changes and rating moves across the Street. Analyst Commentary Recent Street research on Agnico Eagle Mines shows a mix of target cuts and raises, with several bullish analysts highlighting reasons they see room for further value creation.Narrative Update • Apr 16
AEM: Future Project Pipeline And Capital Returns Will Shape Bullish Outlook
Agnico Eagle Mines' analyst fair value estimate has shifted to $254.35 from $221.67, as analysts refreshed models and price targets based on updated metal price forecasts, company-specific pipeline views, and recent rating changes across major brokerages. Analyst Commentary Recent Street research on Agnico Eagle Mines shows both supportive and more cautious views, with several firms updating price targets and ratings around refreshed metal price forecasts and company specific modeling changes.Narrative Update • Apr 01
AEM: Exploration Program And Dividend Increases Will Drive Future Senior Gold Repricing
Analysts have trimmed the average price target for Agnico Eagle Mines by $30. This reflects updated metal price forecasts, refreshed company models, and a mix of recent rating changes across the coverage universe.Narrative Update • Mar 18
AEM: Capital Returns And Project Pipeline Will Drive Future Senior Gold Repricing
The analyst price target for Agnico Eagle Mines is now $333, up $3 from $330, as analysts factor in refreshed metal price forecasts, updated company models, and a series of recent target increases across major firms. Analyst Commentary Recent street research on Agnico Eagle Mines reflects a generally constructive tone, with several bullish analysts revisiting their assumptions on metal prices, company execution and long term growth projects.Narrative Update • Mar 04
AEM: Senior Gold Profile And Dividend Increases Will Drive Future Repricing
Our Agnico Eagle Mines narrative fair value has been updated from $207.22 to $330.00, reflecting the series of higher Street price targets as analysts refresh their models with revised metal price forecasts, updated company assumptions, and views on the strength of its senior gold positioning and growth pipeline. Analyst Commentary The recent stream of Street research on Agnico Eagle Mines shows a cluster of refreshed price targets, with many bullish analysts adjusting their models around updated metal price assumptions and company specific inputs.Narrative Update • Feb 18
AEM: Rich Pipeline And Capital Returns Will Ultimately Constrain Future Upside
We are raising our Agnico Eagle Mines fair value estimate to $136.62 from $110.25, reflecting analysts' higher price targets that are based on views of a robust growth pipeline, rising capital returns and support from multiple firms that continue to rank the company as a top pick in the senior gold space. Analyst Commentary Recent Street research shows a cluster of higher price targets for Agnico Eagle Mines, with several firms citing a robust growth pipeline and rising capital returns.Analysis Article • Feb 16
Agnico Eagle Mines (NYSE:AEM) Is Increasing Its Dividend To $0.45
Agnico Eagle Mines Limited ( NYSE:AEM ) has announced that it will be increasing its dividend from last year's...Narrative Update • Feb 03
AEM: Rising Earnings Power And Clean Energy Partnership Will Shape Bullish Outlook
Analysts have lifted their price targets on Agnico Eagle Mines, supporting an updated fair value estimate of $221.67 as they factor in refreshed assumptions around discount rate, revenue growth, profit margin and future P/E multiples. Analyst Commentary Recent Street research on Agnico Eagle Mines centers on higher price targets and fresh coverage, which feed directly into how you might think about valuation, execution risk and growth expectations embedded in the updated fair value estimate of $221.67.Narrative Update • Jan 20
AEM: Precious Metals Strength And Capital Returns Will Shape Balanced Outlook
Narrative Update Analysts have lifted their price target on Agnico Eagle Mines to about $205 from roughly $197, reflecting updated views on higher potential revenue growth, a stronger profit margin profile, and a slightly lower future P/E multiple. These changes are supported by recent target increases from several major firms, as precious metals prices and sector-specific capital returns and M&A activity continue to be highlighted.Narrative Update • Jan 06
AEM: Elevated Gold Assumptions Will Drive Future Downside Risk
Analysts have lifted their fair value estimate for Agnico Eagle Mines from about $81 to roughly $110, citing updated gold price forecasts, higher Street price targets across the sector, and stronger expectations around margins and capital returns. Analyst Commentary Recent Street research on Agnico Eagle Mines has centered on higher gold price assumptions and an active period for capital allocation across the precious metals group.Narrative Update • Dec 23
AEM: Gold Rally And Geopolitical Uncertainty Will Shape Balanced Future Outlook
Agnico Eagle Mines' analyst price target has inched higher from approximately $195 to about $197 per share as analysts factor in stronger revenue growth assumptions, slightly improved margins, and a supportive outlook for precious metal prices amid ongoing macroeconomic and geopolitical uncertainty. Analyst Commentary Recent Street research has turned more constructive on Agnico Eagle Mines, with multiple firms lifting price targets to reflect stronger precious metals pricing, improving capital allocation, and a more supportive macro backdrop for gold and silver.Narrative Update • Dec 08
AEM: Geopolitical Uncertainty And Gold Rally Will Drive Future Upside
Analysts have nudged their price target for Agnico Eagle Mines higher, reflecting an improved fair value estimate of about $195 per share. This is driven by more constructive assumptions on revenue growth, margins, and sustained support from higher gold price forecasts and sector tailwinds.Narrative Update • Nov 24
AEM: Precious Metals Rally And Geopolitical Shifts Will Drive Upside Momentum
Agnico Eagle Mines' analyst price target has been raised from $188.80 to $194.19 per share. Analysts cite stronger gold prices and favorable market conditions as key drivers behind the upward revision.Narrative Update • Nov 10
AEM: Precious Metals Rally And Geopolitical Uncertainty Will Drive Stronger Returns
Analysts have raised their price targets for Agnico Eagle Mines significantly. New targets have climbed from previous estimates by as much as $69, citing factors such as strong precious metals rallies, ongoing geopolitical uncertainty, and positive trends in capital returns and M&A activity across the gold sector.Analysis Article • Nov 02
Earnings Update: Agnico Eagle Mines Limited (NYSE:AEM) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts
Agnico Eagle Mines Limited ( NYSE:AEM ) investors will be delighted, with the company turning in some strong numbers...Analysis Article • Nov 01
Agnico Eagle Mines (NYSE:AEM) Is Due To Pay A Dividend Of $0.40
Agnico Eagle Mines Limited's ( NYSE:AEM ) investors are due to receive a payment of $0.40 per share on 15th of...Narrative Update • Oct 27
Surging Gold Prices And Merger Momentum Will Drive Mining Sector Upside
Agnico Eagle Mines saw its average analyst price target increase significantly, rising from approximately $173 to $189. Analysts cited higher precious metal prices, ongoing industry momentum, and improved operational forecasts as key drivers for the upward revision.Analysis Article • Oct 17
Agnico Eagle Mines (NYSE:AEM) Is Paying Out A Dividend Of $0.40
The board of Agnico Eagle Mines Limited ( NYSE:AEM ) has announced that it will pay a dividend on the 15th of December...Narrative Update • Oct 13
Elevated Gold Prices And Reserve Expansion Will Energize Mining Operations
Analysts have raised their price target for Agnico Eagle Mines from $155 to $182 per share. They cited higher gold and silver price forecasts, as well as mounting economic and political uncertainty, as key reasons for the upward revision.Narrative Update • Sep 29
Elevated Gold Prices And Reserve Expansion Will Energize Mining Operations
A modest upward revision in revenue growth and net profit margin forecasts for Agnico Eagle Mines has supported a slight increase in the consensus price target from $146.48 to $148.55. What's in the News Completed share buybacks totaling 2,698,621 shares (0.54%) for $249.9 million under the program announced May 2024, and 131,467 shares (0.03%) for $15.9 million under the program announced May 2025.Narrative Update • Sep 14
Elevated Gold Prices And Reserve Expansion Will Energize Mining Operations
Agnico Eagle Mines’ price target has been raised as analysts incorporate the Upper Beaver project’s growth potential, continued project pipeline strength, and operational outperformance in top mining jurisdictions, with fair value rising from $143.98 to $146.48. Analyst Commentary Bullish analysts are raising price targets after incorporating the Upper Beaver project, which has driven higher estimates for 2027 EPS.Narrative Update • Aug 30
Elevated Gold Prices And Reserve Expansion Will Energize Mining Operations
Agnico Eagle Mines’ consensus analyst price target rose to $143.98 on the back of higher 2027 EPS forecasts from the inclusion of the Upper Beaver project, sector-leading execution, and a robust growth pipeline. Analyst Commentary Inclusion of the Upper Beaver project in forecasts, leading to higher 2027 EPS estimates.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2026 | n/a | n/a | US$6b |
| Mar 31 2026 | n/a | n/a | US$5b |
| Dec 31 2025 | US$18m | US$1m | US$4b |
| Sep 30 2025 | n/a | n/a | US$3b |
| Jun 30 2025 | n/a | n/a | US$3b |
| Mar 31 2025 | n/a | n/a | US$2b |
| Dec 31 2024 | US$10m | US$949k | US$2b |
| Sep 30 2024 | n/a | n/a | US$1b |
| Jun 30 2024 | n/a | n/a | US$620m |
| Mar 31 2024 | n/a | n/a | US$472m |
| Dec 31 2023 | US$8m | US$963k | US$2b |
| Sep 30 2023 | n/a | n/a | US$3b |
| Jun 30 2023 | n/a | n/a | US$2b |
| Mar 31 2023 | n/a | n/a | US$2b |
| Dec 31 2022 | US$8m | US$956k | US$670m |
| Sep 30 2022 | n/a | n/a | US$578m |
| Jun 30 2022 | n/a | n/a | US$630m |
| Mar 31 2022 | n/a | n/a | US$536m |
| Dec 31 2021 | US$7m | US$758k | US$562m |
| Sep 30 2021 | n/a | n/a | US$666m |
| Jun 30 2021 | n/a | n/a | US$770m |
| Mar 31 2021 | n/a | n/a | US$678m |
| Dec 31 2020 | US$5m | US$621k | US$512m |
| Sep 30 2020 | n/a | n/a | US$638m |
| Jun 30 2020 | n/a | n/a | US$492m |
| Mar 31 2020 | n/a | n/a | US$415m |
| Dec 31 2019 | US$4m | US$678k | US$473m |
Compensation vs Market: Ammar's total compensation ($USD17.64M) is about average for companies of similar size in the US market ($USD14.74M).
Compensation vs Earnings: Ammar's compensation has increased by more than 20% in the past year.
CEO
Ammar Al-Joundi (62 yo)
11.4yrs
Tenure
US$17,641,079
Compensation
Mr. Ammar Al-Joundi, MBA, P.Eng., is Independent Director at Canadian Imperial Bank of Commerce from April 07, 2022. Mr. Al-Joundi is Director of CIBC INC. (Ontario, Canada) from 2022.He joined Canadian I...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 11.4yrs | US$17.64m | 0.0098% $ 10.0m | |
| Executive VP of Finance & CFO | 3.3yrs | US$5.30m | 0.0022% $ 2.3m | |
| Executive VP and Chief Strategy & Technology Officer | 4.6yrs | US$5.58m | 0.0082% $ 8.4m | |
| Executive VP and COO of Nunavut | 4.6yrs | US$3.87m | 0.0048% $ 4.9m | |
| Executive VP and COO of Ontario | 4.6yrs | US$3.92m | 0.0023% $ 2.3m | |
| Vice President of Investor Relations | 2.7yrs | no data | no data | |
| Executive VP of Legal | 6.7yrs | no data | 0.0040% $ 4.1m | |
| Vice President of Corporate Development | 4.7yrs | no data | no data | |
| Executive Vice President of Sustainability | 2.4yrs | no data | 0.0034% $ 3.5m | |
| Executive Vice President of Exploration | 7.1yrs | no data | 0.0062% $ 6.4m | |
| Vice President of Treasury | 6.4yrs | no data | no data | |
| Financial Planning & Analysis Analyst | no data | no data | no data |
4.6yrs
Average Tenure
60yo
Average Age
Experienced Management: AEM's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 4.6yrs | US$17.64m | 0.0098% $ 10.0m | |
| Chairman of the Board | 28.4yrs | US$896.61k | 0.011% $ 10.8m | |
| Lead Independent Director | 11.3yrs | US$461.56k | 0.0066% $ 6.8m | |
| Independent Director | 4.6yrs | US$421.56k | 0.00094% $ 958.5k | |
| Independent Director | 18.3yrs | US$421.56k | 0.0032% $ 3.3m | |
| Independent Director | 4.6yrs | US$436.56k | 0.0028% $ 2.9m | |
| Independent Vice Chair of the Board | 4.6yrs | US$458.77k | 0.0032% $ 3.3m | |
| Independent Director | 4.6yrs | US$436.56k | 0.000090% $ 91.8k | |
| Independent Director | 15.6yrs | US$421.56k | 0.0044% $ 4.5m | |
| Independent Director | 12.6yrs | US$436.56k | 0.0037% $ 3.8m | |
| Independent Director | 5.5yrs | US$446.56k | 0.0011% $ 1.1m |
5.5yrs
Average Tenure
67yo
Average Age
Experienced Board: AEM's board of directors are considered experienced (5.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/18 22:07 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Agnico Eagle Mines Limited is covered by 39 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harriet Li | Accountability Research Corporation |
| Richard Gray | ATB Cormark |
| Farooq Hamed | Barclays |