Agnico Eagle Mines Ltd Dossier
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SectorMaterials IndustryGold Beta (adjusted)0.76 Intrinsic Value $235.61median of 6 methods · middle span $140-$432based on filings through 31 Dec 2025 Market Price $183.27Price as of 30 Sep 2026 UndervaluedIntrinsic value is 29% above the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $92.8B Enterprise Value $90.1B Shares Outstanding 502M diluted Next Earnings Date28 Oct 2026 Last ex-dividend1 Sep 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Agnico Eagle combines high-quality operating jurisdictions, record quarterly free cash flow, a net-cash balance sheet and a credible pathway to 20%-30% production growth over the next decade. Near-term execution is less clean: 2026 production is expected near the low end of guidance after the Barnat wall movement, costs have risen year over year, and Hope Bay adds a large construction program. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$87.00 Mean target$214.98 High · most bullish analyst$300.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $155.0021% The downside case assumes Barnat disruption persists beyond current expectations, consolidated AISC exceeds guidance, and Hope Bay or other growth projects experience capital escalation or schedule slippage. A weaker gold-price environment would amplify the impact because project economics and operating cash generation are sensitive to metal prices. Base CaseCentral scenario $214.9856% Matches the consensus meanThe base case assumes 2026 production finishes near the lower end of guidance, costs remain within the reiterated range, Barnat resumes under the redesigned plan, and major development projects advance broadly on schedule. Bull CaseUpside scenario $250.0023% A twelve-month upside case assumes production remains within guidance, AISC stays within the stated range, Barnat remediation limits the disruption, and continued progress at Hope Bay, Odyssey, Detour Lake and Upper Beaver increases confidence in the post-2030 growth profile. Strong cash generation and net cash provide capacity to fund development without stressing the balance sheet. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |