FCX vs AEM vs TGB Stock Comparison

Freeport-Mcmoran, Agnico Eagle Mines and Trekor Metals Prices as of Oct 23, 2026 Peers: Industry group
FCX Freeport-Mcmoran Inc
$65.22 -10.2% 1M +58.2% 1Y
Market cap
$93.79B
P/E
31.8x
Revenue (TTM)
$25.87B
Div. yield
0.01%
Copper Basic Materials
2 wins
AEM Agnico Eagle Mines Ltd
$173.89 -11.1% 1M +5.6% 1Y
Market cap
$88.25B
P/E
15.0x
Revenue (TTM)
$14.53B
Div. yield
–
Gold Basic Materials
6 wins
TGB Trekor Metals Ltd
$7.45 -17.8% 1M +82.6% 1Y
Market cap
$2.47B
P/E
171.6x
Revenue (TTM)
$916.35M
Div. yield
–
Copper Basic Materials
3 wins

Head to Head

11 decided of 12

Agnico Eagle Mines leads on 6 of the 12 questions below (Agnico Eagle Mines 6, Trekor Metals 3, Freeport-Mcmoran 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFCXAEMTGBLeader
Larger companyMarket capitalisation $93.79B $88.25B $2.47B FCX
Cheaper on earningsLower P/E, profitable companies only 31.8x 15.0x 171.6x AEM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.1x 15.9x 18.6x AEM
Faster revenue growthRevenue growth, trailing twelve months +0.2% +50.3% +72.6% TGB
More profitableNet margin, trailing twelve months 11.4% 40.4% 1.6% AEM
Better return on capitalReturn on invested capital 11.6% 23.3% 23.0% AEM
Less leveragedLower net debt / EBITDA 0.6x -0.3x 1.3x AEM
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +58.2% +5.6% +82.6% TGB
Better 5-year returnAnnualised price return, 5 years +11.6%/yr +25.0%/yr +26.5%/yr TGB
Less volatileAnnualised volatility, 1 year 48.0% 48.3% 71.3% FCX
Higher overall scoreMean of the five percentile scores vs peers 48/100 78/100 64/100 AEM

Percentile Scorecard

FCXAEMTGB

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

AxisFCXAEMTGB
Valuation 57 #71 of 162 66 #56 of 162 70 #50 of 162
Growth 50 #74 of 147 75 #38 of 147 92 #13 of 147
Profitability 69 #39 of 122 95 #7 of 122 78 #28 of 122
Financial Health 29 #119 of 166 77 #39 of 166 22 #130 of 166
Shareholder Returns 39 #66 of 107 79 #23 of 107 59 #44 of 107
Overall 48 78 64
  • FCX ranked among 176 companies in Metals and Mining
  • AEM ranked among 176 companies in Metals and Mining
  • TGB 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

PeriodFCXAEMTGBSPY
1 month -10.2%-11.1%-17.8% -1.0%
3 months +4.2%+19.8%+6.6% +2.9%
6 months +6.8%-13.2%+3.5% +6.4%
Year to date +28.4%+2.6%+31.6% +11.4%
1 year +58.2%+5.6%+82.6% +13.1%
3 years +89.5%+251.7%+565.2% +79.4%
3 years, per year +23.8%+52.1%+88.1% +21.5%
5 years +73.1%+204.4%+223.9% +67.7%
5 years, per year +11.6%+25.0%+26.5% +10.9%
10 years +549.6%+254.5%+1,632.6% +255.2%
10 years, per year +20.6%+13.5%+33.0% +13.5%

Risk

MeasureFCXAEMTGBSPY
Volatility, 1Y 48.0%48.3%71.3% 12.7%
Downside volatility, 1Y 50.4%51.1%69.9% 12.7%
Beta vs S&P 500, 1Y 2.191.672.92 1.00
Return / volatility, 1Y 1.210.121.16 1.03
Max drawdown, 5Y -51.7%-45.9%-61.9% -25.4%
From 52-week high -18.4%-31.0%-23.0% -2.5%
52-week high $79.91$252.19$9.68 $779.14
52-week low $38.65$136.36$4.05 $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.

MultipleFCXAEMTGB
P/E now vs peer median 31.8xmedian 12.7x 14.9xmedian 12.7x 167.1xmedian 12.7x
P/S now vs peer median 3.6xmedian 3.1x 6.0xmedian 3.1x 2.9xmedian 3.1x
EV/EBITDA now vs peer median 10.9xmedian 6.9x 7.4xmedian 6.9x 6.7xmedian 6.9x
P/FCF now vs peer median 53.2xmedian 15.1x 16.0xmedian 15.1x 5.4xmedian 15.1x
P/B now vs peer median 2.9xmedian 2.1x 3.0xmedian 2.1x 3.1xmedian 2.1x
PEG now vs peer median 2.70median 0.27 0.52median 0.27 3.46median 0.27

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 monthsFCXAEMTGB
Revenue $25.87B $14.53B $916.35M
Gross profit $7.00B $9.99B $387.04M
Operating income $6.92B $9.64B $372.24M
Net income $4.59B $5.87B $15.68M
Free cash flow $1.76B $5.43B $502.57M
R&D $198.00M $226.87M –
EPS (diluted) $2.04 $11.67 $0.04
Cash & equivalents $4.08B $3.46B $185.76M
Total debt $9.39B $785.64M $3.05B
Shares (diluted) 1.44B 503.43M 323.50M
Enterprise value $77.83B $77.88B $1.89B

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
MetricFCXAEMTGB
P/E 31.8x 14.9x 167.1x
P/FCF 53.2x 16.0x 5.4x
P/Operating cash flow 15.9x 11.7x 6.5x
P/S 3.6x 6.0x 2.9x
P/B 2.9x 3.0x 3.1x
P/Tangible book 2.9x 3.0x 3.1x
EV/EBITDA 10.9x 7.4x 6.7x
EV/EBIT 14.3x 8.7x 8.9x
EV/Revenue 3.8x 5.8x 3.6x
EV/FCF 56.2x 15.4x 6.6x
EV/Operating cash flow 16.8x 11.3x 8.0x
PEG (3Y EPS CAGR) 2.70 0.52 3.46

Growth

14 metrics
MetricFCXAEMTGB
Revenue growth (1Y) 0.2% 50.3% 72.6%
Revenue CAGR (3Y) 5.7% 33.8% 32.8%
Gross profit growth (1Y) -8.8% 72.8% 154.8%
Gross profit CAGR (3Y) 3.5% 44.0% 49.8%
Operating income growth (1Y) 0.1% 49.1% 167.9%
Operating income CAGR (3Y) 8.0% 42.3% 53.4%
Net income growth (1Y) 6.8% 98.5% 155.8%
Net income CAGR (3Y) 11.4% 34.7% -5.5%
EPS growth (1Y) 53.1% 97.4% 159.7%
EPS CAGR (3Y) 11.8% 28.7% 48.3%
Operating cash flow growth (1Y) -10.1% 45.3% 88.5%
Operating cash flow CAGR (3Y) 9.0% 47.2% 78.7%
Free cash flow growth (1Y) 4.3% 55.8% 73.6%
Free cash flow CAGR (3Y) 66.3% 11.0% 63.2%

Profitability

14 metrics
MetricFCXAEMTGB
Gross margin 27.1% 68.8% 42.2%
EBITDA margin 35.1% 78.0% 54.2%
Operating margin 26.8% 66.3% 40.6%
Pretax margin 25.7% 60.4% 43.3%
Net margin 11.4% 40.4% 1.6%
FCF margin 6.8% 37.4% 54.8%
Operating cash flow margin 22.8% 51.1% 45.3%
Return on equity 14.4% 21.4% 5.6%
Return on assets 7.7% 16.1% 1.8%
Return on invested capital 11.6% 23.3% 23.0%
Return on capital employed 13.2% 27.9% 15.8%
Asset turnover 0.4x 0.4x 0.3x
Cash conversion (OCF / net income) 1.3x 1.3x 26.5x
Stock comp / revenue 0.6% 0.7% 3.0%

Financial Health

11 metrics
MetricFCXAEMTGB
Debt / assets 15.7% 0.5% 30.3%
Debt / equity 0.3x 0.0x 0.9x
Net debt / EBITDA 0.6x -0.3x 1.3x
Debt / FCF 5.3x 0.0x 1.6x
Liabilities / assets 46.1% 24.3% 68.0%
Equity / assets 53.9% 75.7% 32.0%
Interest coverage – 131.9x 8.3x
Current ratio 2.1x 2.9x –
Quick ratio 0.7x 1.8x 0.8x
Cash ratio 0.6x 1.8x 0.7x
Altman Z-score 3.07 7.32 –

Shareholder Returns

7 metrics
MetricFCXAEMTGB
Dividend yield 0.6% 1.0% –
Net buyback yield 0.2% 0.3% -0.4%
Shareholder yield 0.7% 1.3% -0.4%
Payout ratio (earnings) 18.9% – –
Payout ratio (FCF) 49.1% – –
Dividend growth (1Y) 0.1% – –
Dividend CAGR (3Y) 0.2% – –

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.

ConsensusFCXAEMTGB
Forward P/E 21.1xFY2026 15.9xFY2026 18.6xFY2026
EPS, next fiscal year $3.09FY2026 $10.91FY2026 $0.40FY2026
EPS growth, next FY +74.6%FY2026 +32.7%FY2026 +700.0%FY2026
EPS growth, the year after +46.0% +3.8% +100.0%
Revenue, next fiscal year $28.46BFY2026 $14.34BFY2026 $925.48MFY2026
Revenue growth, next FY +9.8%FY2026 +21.4%FY2026 +88.9%FY2026
Revenue growth, the year after +35.9% +3.0% +27.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFCXAEMTGB
Held by institutions 86.6% 62.5% 54.7%
Institutions holding 1,880 1,053 178
Change in shares held, QoQ +1.3% -0.6% -9.1%
Institutions buying 1,029 467 176
Institutions selling 601 396 2
Buyers to sellers 1.71 1.18 88.00

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.

FCXAEMTGB
FCX 1.00 0.68 0.77
AEM 0.68 1.00 0.66
TGB 0.77 0.66 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FCX, AEM and TGB?

Freeport-Mcmoran (FCX) is the largest by market capitalisation: Freeport-Mcmoran (FCX) $93.79B, Agnico Eagle Mines (AEM) $88.25B, Trekor Metals (TGB) $2.47B.

Which stock is cheaper, FCX, AEM and TGB?

Agnico Eagle Mines (AEM) trades on the lowest price-to-earnings ratio (Freeport-Mcmoran (FCX) 31.8x, Agnico Eagle Mines (AEM) 15.0x, Trekor Metals (TGB) 171.6x). On next year's consensus earnings, Agnico Eagle Mines (AEM) is cheapest (Freeport-Mcmoran (FCX) 21.1x, Agnico Eagle Mines (AEM) 15.9x, Trekor Metals (TGB) 18.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Trekor Metals (TGB) grew revenue fastest over the trailing twelve months: Freeport-Mcmoran (FCX) +0.2%, Agnico Eagle Mines (AEM) +50.3%, Trekor Metals (TGB) +72.6%.

Which company is more profitable?

Agnico Eagle Mines (AEM) has the highest net margin (Freeport-Mcmoran (FCX) 11.4%, Agnico Eagle Mines (AEM) 40.4%, Trekor Metals (TGB) 1.6%). On return on invested capital, Agnico Eagle Mines (AEM) leads (Freeport-Mcmoran (FCX) 11.6%, Agnico Eagle Mines (AEM) 23.3%, Trekor Metals (TGB) 23.0%).

Which stock has performed better?

Over the past year Trekor Metals (TGB) returned the most: Freeport-Mcmoran (FCX) +58.2%, Agnico Eagle Mines (AEM) +5.6%, Trekor Metals (TGB) +82.6%. Over five years, Trekor Metals (TGB) compounded fastest (Freeport-Mcmoran (FCX) +11.6%/yr, Agnico Eagle Mines (AEM) +25.0%/yr, Trekor Metals (TGB) +26.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Freeport-Mcmoran (FCX) 0.01%, Agnico Eagle Mines (AEM) 0.00%, Trekor Metals (TGB) 0.00%. Agnico Eagle Mines (AEM) and Trekor Metals (TGB) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Freeport-Mcmoran (FCX) has been the steadiest (Freeport-Mcmoran (FCX) 48.0%, Agnico Eagle Mines (AEM) 48.3%, Trekor Metals (TGB) 71.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FCX, AEM and TGB?

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.