AEM vs EGO vs PAAS Stock Comparison

Agnico Eagle Mines, Eldorado Gold and Pan American Silver Prices as of Oct 29, 2026 Peers: Industry group
AEM Agnico Eagle Mines Ltd
$175.71 -5.4% 1M +12.1% 1Y
Market cap
$81.67B
P/E
13.2x
Revenue (TTM)
$15.05B
Div. yield
–
Gold Basic Materials
6 wins
EGO Eldorado Gold Corp /Fi
$32.38 -16.8% 1M +29.1% 1Y
Market cap
$6.29B
P/E
10.0x
Revenue (TTM)
$18.04B
Div. yield
–
Gold Basic Materials
4 wins

Head to Head

11 decided of 12

Agnico Eagle Mines leads on 6 of the 12 questions below (Agnico Eagle Mines 6, Eldorado Gold 4, Pan American Silver 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAEMEGOPAASLeader
Larger companyMarket capitalisation $81.67B $6.29B $14.38B AEM
Cheaper on earningsLower P/E, profitable companies only 13.2x 10.0x 46.4x EGO
Cheaper on forward earningsLower price / next fiscal year consensus EPS 16.1x 10.8x 12.8x EGO
Faster revenue growthRevenue growth, trailing twelve months +42.4% +37.4% +2.3% AEM
More profitableNet margin, trailing twelve months 41.0% 3.5% 9.7% AEM
Better return on capitalReturn on invested capital 21.0% 8.3% 0.0% AEM
Less leveragedLower net debt / EBITDA -0.3x 1.3x -4.4x PAAS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +12.1% +29.1% +16.1% EGO
Better 5-year returnAnnualised price return, 5 years +27.1%/yr +29.3%/yr +9.7%/yr EGO
Less volatileAnnualised volatility, 1 year 48.3% 60.2% 57.9% AEM
Higher overall scoreMean of the five percentile scores vs peers 78/100 60/100 67/100 AEM

Percentile Scorecard

AEMEGOPAAS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAEMEGOPAAS
Valuation 66 #56 of 163 91 #15 of 163 57 #71 of 163
Growth 74 #40 of 148 87 #20 of 148 74 #39 of 148
Profitability 95 #7 of 123 46 #67 of 123 52 #60 of 123
Financial Health 77 #39 of 164 31 #114 of 164 85 #25 of 164
Shareholder Returns 79 #23 of 108 46 #59 of 108 69 #34 of 108
Overall 78 60 67
  • AEM ranked among 176 companies in Metals and Mining
  • EGO ranked among 176 companies in Metals and Mining
  • PAAS ranked among 176 companies in Metals and Mining

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAEMEGOPAASSPY
1 month -5.4%-16.8%-11.7% +0.7%
3 months +16.6%-1.0%-7.5% +3.7%
6 months -6.6%+4.1%-22.1% +7.1%
Year to date +3.6%-9.9%-21.4% +12.8%
1 year +12.1%+29.1%+16.1% +11.9%
3 years +269.0%+197.6%+172.3% +85.2%
3 years, per year +54.6%+43.9%+39.7% +22.8%
5 years +231.2%+261.4%+59.1% +67.6%
5 years, per year +27.1%+29.3%+9.7% +10.9%
10 years +255.7%+94.5%+164.0% +262.0%
10 years, per year +13.5%+6.9%+10.2% +13.7%

Risk

MeasureAEMEGOPAASSPY
Volatility, 1Y 48.3%60.2%57.9% 12.7%
Downside volatility, 1Y 51.3%61.2%60.2% 12.6%
Beta vs S&P 500, 1Y 1.752.022.07 1.00
Return / volatility, 1Y 0.250.480.28 0.94
Max drawdown, 5Y -45.9%-57.7%-59.2% -25.4%
From 52-week high -30.3%-34.9%-40.7% -1.2%
52-week high $252.19$49.71$68.70 $779.14
52-week low $136.36$24.93$33.20 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAEMEGOPAAS
P/E now vs peer median 14.3xmedian 13.2x 10.4xmedian 13.2x 50.2xmedian 13.2x
P/S now vs peer median 5.8xmedian 3.1x 0.4xmedian 3.1x 5.4xmedian 3.1x
EV/EBITDA now vs peer median 7.8xmedian 7.2x 6.6xmedian 7.2x 43.9xmedian 7.2x
P/FCF now vs peer median 15.6xmedian 15.2x 36.2xmedian 15.2x 15.3xmedian 15.2x
P/B now vs peer median 3.0xmedian 2.2x 0.9xmedian 2.2x 2.3xmedian 2.2x
PEG now vs peer median 0.49median 0.30 0.09median 0.30 1.14median 0.30

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAEMEGOPAAS
Revenue $15.05B $18.04B $3.19B
Gross profit $9.92B $1.10B $882.07M
Operating income $9.17B $971.70M $1.90M
Net income $6.17B $660.53M $930.65M
Free cash flow $5.65B $177.66M $1.12B
R&D $501.74M $51.20M –
EPS (diluted) $12.26 $3.08 $0.81
Cash & equivalents $3.61B $396.83M $1.57B
Total debt $197.10M $1.99B $3.00M
Shares (diluted) 503.43M 205.41M 381.58M
Enterprise value $68.62B $3.76B $9.23B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAEMEGOPAAS
P/E 14.3x 10.4x 50.2x
P/FCF 15.6x 36.2x 15.3x
P/Operating cash flow 11.9x 15.1x 15.4x
P/S 5.8x 0.4x 5.4x
P/B 3.0x 0.9x 2.3x
P/Tangible book 3.0x 0.9x 2.3x
EV/EBITDA 7.8x 6.6x 43.9x
EV/EBIT 9.2x 8.2x 8,215x
EV/Revenue 5.6x 0.4x 4.9x
EV/FCF 15.0x 45.1x 13.9x
EV/Operating cash flow 11.5x 18.8x 14.0x
PEG (3Y EPS CAGR) 0.49 0.09 1.14

Growth

14 metrics
MetricAEMEGOPAAS
Revenue growth (1Y) 42.4% 37.4% 2.3%
Revenue CAGR (3Y) 34.0% 167.0% 22.3%
Gross profit growth (1Y) 60.0% 42.7% -0.3%
Gross profit CAGR (3Y) 42.5% 68.6% 104.0%
Operating income growth (1Y) 25.4% 54.3% 116.1%
Operating income CAGR (3Y) 38.7% 35.7% 127.1%
Net income growth (1Y) 79.0% 81.3% 123.6%
Net income CAGR (3Y) 35.0% 59.5% 75.4%
EPS growth (1Y) 78.1% 70.2% -57.1%
EPS CAGR (3Y) 28.9% 113.5% 44.1%
Operating cash flow growth (1Y) 26.0% -7.1% 74.4%
Operating cash flow CAGR (3Y) 48.3% 23.8% –
Free cash flow growth (1Y) 28.9% 426.1% 66.2%
Free cash flow CAGR (3Y) 13.3% 391.0% 56.4%

Profitability

14 metrics
MetricAEMEGOPAAS
Gross margin 65.9% 6.1% 27.7%
EBITDA margin 72.4% 6.7% 11.1%
Operating margin 60.9% 5.4% 0.1%
Pretax margin 60.9% 5.0% 0.1%
Net margin 41.0% 3.5% 9.7%
FCF margin 37.5% 1.0% 35.1%
Operating cash flow margin 48.9% 2.4% 35.1%
Return on equity 21.2% 9.7% 0.0%
Return on assets 16.0% – 0.0%
Return on invested capital 21.0% 8.3% 0.0%
Return on capital employed 25.3% – 0.0%
Asset turnover 0.4x – 0.3x
Cash conversion (OCF / net income) 1.2x 0.6x 1.2x
Stock comp / revenue 0.6% 0.1% –

Financial Health

11 metrics
MetricAEMEGOPAAS
Debt / assets 0.5% – 0.0%
Debt / equity 0.0x 0.3x 0.0x
Net debt / EBITDA -0.3x 1.3x -4.4x
Debt / FCF 0.0x 11.2x 0.0x
Liabilities / assets 24.3% – 27.5%
Equity / assets 75.7% – 72.5%
Interest coverage 143.3x 64.4x 21.3x
Current ratio 2.7x – 14.1x
Quick ratio 1.6x – 2.5x
Cash ratio 1.6x – 2.2x
Altman Z-score 7.15 – 5.10

Shareholder Returns

7 metrics
MetricAEMEGOPAAS
Dividend yield 1.0% 0.6% 1.7%
Net buyback yield 0.1% -0.8% -1.5%
Shareholder yield 1.1% -0.1% 0.2%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAEMEGOPAAS
Forward P/E 16.1xFY2026 10.8xFY2026 12.8xFY2026
EPS, next fiscal year $10.92FY2026 $3.01FY2026 $3.18FY2026
EPS growth, next FY +32.8%FY2026 +73.0%FY2026 +25.7%FY2026
EPS growth, the year after +3.2% +73.4% +32.1%
Revenue, next fiscal year $14.44BFY2026 $2.77BFY2026 $4.51BFY2026
Revenue growth, next FY +22.2%FY2026 +53.2%FY2026 +24.9%FY2026
Revenue growth, the year after +2.6% +45.6% +12.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAEMEGOPAAS
Held by institutions 62.5% 96.7% 56.5%
Institutions holding 1,054 238 585
Change in shares held, QoQ -0.6% +37.6% -1.0%
Institutions buying 467 151 269
Institutions selling 397 58 199
Buyers to sellers 1.18 2.60 1.35

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AEMEGOPAAS
AEM 1.00 0.83 0.87
EGO 0.83 1.00 0.79
PAAS 0.87 0.79 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AEM, EGO and PAAS?

Agnico Eagle Mines (AEM) is the largest by market capitalisation: Agnico Eagle Mines (AEM) $81.67B, Eldorado Gold (EGO) $6.29B, Pan American Silver (PAAS) $14.38B.

Which stock is cheaper, AEM, EGO and PAAS?

Eldorado Gold (EGO) trades on the lowest price-to-earnings ratio (Agnico Eagle Mines (AEM) 13.2x, Eldorado Gold (EGO) 10.0x, Pan American Silver (PAAS) 46.4x). On next year's consensus earnings, Eldorado Gold (EGO) is cheapest (Agnico Eagle Mines (AEM) 16.1x, Eldorado Gold (EGO) 10.8x, Pan American Silver (PAAS) 12.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Agnico Eagle Mines (AEM) grew revenue fastest over the trailing twelve months: Agnico Eagle Mines (AEM) +42.4%, Eldorado Gold (EGO) +37.4%, Pan American Silver (PAAS) +2.3%.

Which company is more profitable?

Agnico Eagle Mines (AEM) has the highest net margin (Agnico Eagle Mines (AEM) 41.0%, Eldorado Gold (EGO) 3.5%, Pan American Silver (PAAS) 9.7%). On return on invested capital, Agnico Eagle Mines (AEM) leads (Agnico Eagle Mines (AEM) 21.0%, Eldorado Gold (EGO) 8.3%, Pan American Silver (PAAS) 0.0%).

Which stock has performed better?

Over the past year Eldorado Gold (EGO) returned the most: Agnico Eagle Mines (AEM) +12.1%, Eldorado Gold (EGO) +29.1%, Pan American Silver (PAAS) +16.1%. Over five years, Eldorado Gold (EGO) compounded fastest (Agnico Eagle Mines (AEM) +27.1%/yr, Eldorado Gold (EGO) +29.3%/yr, Pan American Silver (PAAS) +9.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Agnico Eagle Mines (AEM) has been the steadiest (Agnico Eagle Mines (AEM) 48.3%, Eldorado Gold (EGO) 60.2%, Pan American Silver (PAAS) 57.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AEM, EGO and PAAS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Agnico Eagle Mines (AEM) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.