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AEM vs NEM
Which Stock Would AI Choose? Agnico Eagle Mines (AEM) vs. Newmont (NEM) Stock Comparison
Key Takeaways
- AEM and NEM are leading gold producers with strong free cash flow generation in recent quarters, supported by elevated gold prices.
- NEM delivered record second-quarter 2026 free cash flow of $2.2 billion and has returned approximately $1.9 billion to shareholders through dividends and buybacks since the prior earnings call.
- AEM reported record quarterly free cash flow exceeding $1.3 billion in the second quarter of 2026, alongside $625 million in shareholder returns via dividends and repurchases.
- Over the past year, NEM shares have risen approximately 59%, outpacing AEM's roughly 30% gain amid broader gold sector strength.
- Both companies maintain robust balance sheets with net cash positions and low debt levels relative to earnings, providing flexibility for growth projects and capital returns.
- Recent market activity for both stocks has been influenced by gold price volatility and macroeconomic factors, including Federal Reserve policy shifts.
Introduction
Gold mining equities AEM and NEM represent two of the sector's largest and most established producers. This comparison examines their business profiles, recent operational results, and relative market positioning to assist investors evaluating exposure to gold price movements and company-specific execution. Portfolio managers, sector specialists, and traders seeking to understand performance differentials within the precious metals space may find the analysis relevant for assessing allocation trade-offs.
AEM Overview and Recent Performance
Agnico Eagle Mines Limited operates gold mines primarily in Canada, Finland, Australia, and Mexico. In recent weeks, the stock has traded near $199 amid fluctuating gold prices and sector sentiment. Second-quarter 2026 results highlighted record free cash flow above $1.3 billion, driven by solid production and cost discipline, though adjusted earnings of $3.07 per share narrowly missed consensus. The company returned $625 million to shareholders through dividends and buybacks during the quarter. Recent portfolio adjustments, including asset sales and targeted investments, reflect efforts to optimize operations. Market activity has been supported by gold price recovery from earlier lows, contributing to a roughly 30% one-year total return.
NEM Overview and Recent Performance
Newmont Corporation is the world's largest gold producer with operations across multiple continents and by-product exposure to copper and silver. In recent market activity, shares have hovered around $123 following volatility tied to macroeconomic developments. Second-quarter 2026 results showed strong execution with 1.3 million attributable gold ounces produced, record free cash flow of $2.2 billion, and adjusted earnings of $2.10 per share that exceeded expectations. The company has distributed approximately $1.9 billion to shareholders via dividends and repurchases since the prior update. Performance benefited from higher realized gold prices, with shares posting about 59% gains over the trailing twelve months.
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Head-to-Head Comparison
AEM and NEM both generate substantial free cash flow in the current gold price environment, yet differ in scale and execution focus. NEM maintains a larger market capitalization near $130 billion and broader geographic diversification, supporting higher absolute cash generation. AEM operates with a more concentrated asset base and has posted higher net margins in recent periods. Momentum favors NEM on a one-year basis, while both exhibit low beta relative to broader equities and benefit from similar gold price catalysts. Risk factors include operational disruptions and cost inflation, with AEM showing slightly elevated valuation multiples. Sector exposure remains comparable, though NEM’s by-product revenues provide modest diversification.
Tickeron AI Verdict
Based on observable trend consistency, free cash flow stability, and relative positioning within the gold sector, Tickeron’s AI models currently assign a modest probabilistic edge to NEM due to stronger recent momentum and larger-scale cash returns. However, AEM demonstrates competitive margins and execution that could narrow the gap under sustained gold price support. Outcomes remain contingent on commodity movements and company-specific developments.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Disclaimers and LimitationsTo compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is AEM is a Buy and NEM is a Hold.
AEM | NEM | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 66 | 66 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 95 Overvalued | 76 Overvalued | |
PROFIT vs RISK RATING 1..100 | 42 | 35 | |
SMR RATING 1..100 | 43 | 38 | |
PRICE GROWTH RATING 1..100 | 53 | 44 | |
P/E GROWTH RATING 1..100 | 87 | 42 | |
SEASONALITY SCORE 1..100 | n/a | 75 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
NEM's Valuation (76) in the Precious Metals industry is in the same range as AEM (95) in the null industry. This means that NEM’s stock grew similarly to AEM’s over the last 12 months.
NEM's Profit vs Risk Rating (35) in the Precious Metals industry is in the same range as AEM (42) in the null industry. This means that NEM’s stock grew similarly to AEM’s over the last 12 months.
NEM's SMR Rating (38) in the Precious Metals industry is in the same range as AEM (43) in the null industry. This means that NEM’s stock grew similarly to AEM’s over the last 12 months.
NEM's Price Growth Rating (44) in the Precious Metals industry is in the same range as AEM (53) in the null industry. This means that NEM’s stock grew similarly to AEM’s over the last 12 months.
NEM's P/E Growth Rating (42) in the Precious Metals industry is somewhat better than the same rating for AEM (87) in the null industry. This means that NEM’s stock grew somewhat faster than AEM’s over the last 12 months.
| AEM | NEM | |
|---|---|---|
| RSI ODDS (%) | 3 days ago 74% | 3 days ago 70% |
| Stochastic ODDS (%) | 2 days ago 79% | 2 days ago 79% |
| Momentum ODDS (%) | 2 days ago 62% | 2 days ago 57% |
| MACD ODDS (%) | 2 days ago 73% | 2 days ago 58% |
| TrendWeek ODDS (%) | 2 days ago 62% | 2 days ago 64% |
| TrendMonth ODDS (%) | 2 days ago 62% | 2 days ago 68% |
| Advances ODDS (%) | about 1 month ago 78% | about 1 month ago 78% |
| Declines ODDS (%) | 2 days ago 69% | 2 days ago 65% |
| BollingerBands ODDS (%) | 2 days ago 84% | 2 days ago 69% |
| Aroon ODDS (%) | 2 days ago 59% | 2 days ago 62% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
AEM’s FA Score shows that 0 FA rating(s) are green while NEM’s FA Score has 0 green FA rating(s).
- AEM’s FA Score: 0 green, 5 red.
- NEM’s FA Score: 0 green, 5 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
AEM’s TA Score shows that 3 TA indicator(s) are bullish while NEM’s TA Score has 4 bullish TA indicator(s).
- AEM’s TA Score: 3 bullish, 6 bearish.
- NEM’s TA Score: 4 bullish, 6 bearish.
Price Growth
AEM (@Precious Metals) experienced а -6.85% price change this week, while NEM (@Precious Metals) price change was -5.47% for the same time period.
The average weekly price growth across all stocks in the @Precious Metals industry was -6.14%. For the same industry, the average monthly price growth was -10.80%, and the average quarterly price growth was -5.32%.
Reported Earning Dates
AEM is expected to report earnings on Oct 28, 2026.
NEM is expected to report earnings on Oct 22, 2026.
Industries' Descriptions
@Precious Metals (-6.14% weekly)The Precious Metals industry is engaged in exploring/mining metals that are considered to be rare and/or have a high economic value. Popular precious metals include gold, platinum and silver - all three of which are largely used in jewelry, art and coinage alongwith having some industrial uses as well. Precious metals used in industrial processes include iridium, (used in specialty alloys), and palladium ( used in electronics and chemical applications). Historically, precious metals have traded at much higher prices than common industrial metals. Newmont Goldcorp Corp, Barrick Gold Corp and Freeport-McMoRan are few of the major precious metals producing companies in the U.S.
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AEM and
Correlation & Price change
A.I.dvisor indicates that over the last year, AEM has been closely correlated with WPM. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if AEM jumps, then WPM could also see price increases.
NEM and
Correlation & Price change
A.I.dvisor indicates that over the last year, NEM has been closely correlated with KGC. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if NEM jumps, then KGC could also see price increases.
| Ticker / NAME | Correlation To NEM | 1D Price Change % | ||
|---|---|---|---|---|
| NEM | 100% | -0.58% | ||
| KGC - NEM | 88% Closely correlated | -0.08% | ||
| WPM - NEM | 87% Closely correlated | -0.22% | ||
| AEM - NEM | 87% Closely correlated | -1.46% | ||
| CGAU - NEM | 86% Closely correlated | -1.10% | ||
| RGLD - NEM | 85% Closely correlated | -1.56% | ||
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