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AEM vs NEM
Which Stock Would AI Choose? Agnico Eagle Mines (AEM) vs. Newmont Corporation (NEM) Stock Comparison
Key Takeaways
- Agnico Eagle Mines (AEM) is Canada's largest mining company and the world's second-largest gold producer, while Newmont Corporation (NEM) is the world's largest gold miner, giving the two names meaningfully different scale and diversification profiles.
- Both companies are direct beneficiaries of elevated gold prices, yet AEM has historically operated with a lower all-in sustaining cost (AISC, the full cost of producing an ounce of gold) structure than NEM.
- AEM's operations are concentrated in lower-risk jurisdictions such as Canada, Australia, and Finland, whereas NEM spans four continents and adds meaningful copper, silver, zinc, and lead byproduct exposure.
- Both companies maintain strong balance sheets with near-zero or negative net debt, supported by record free cash flow generation through the gold rally.
- For more detail on each company, readers can explore AEM Major News and AEM Today's Price Move, as well as NEM Major News and NEM Today's Price Move.
- For an automated, data-driven perspective on these and other tickers, explore the curated Trending AI Robots section.
Introduction
Gold mining equities have been among the market's most closely watched segments as the precious metal has traded near record levels, and two of the sector's largest names — Agnico Eagle Mines (AEM) and Newmont Corporation (NEM) — sit at the center of that attention. This stock comparison examines how these two senior gold producers differ in scale, cost structure, geographic footprint, and growth strategy. It is particularly relevant for investors and traders seeking exposure to gold through established, liquid producers, whether their focus is relative performance, market positioning, or portfolio diversification. By weighing operational fundamentals alongside recent momentum and sentiment, the comparison aims to clarify the trade-offs between owning the sector's largest producer and one of its most efficient.
AEM Overview and Recent Performance
Agnico Eagle Mines (AEM) is a Canadian-based gold producer and Canada's largest mining company, operating mines in Canada, Australia, Finland, and Mexico. The company produced approximately 3.45 million ounces of gold in 2025 and has consistently positioned itself as one of the industry's lowest-cost, highest-quality senior producers. Its pipeline — including the Canadian Malartic Odyssey project, Detour Lake, Hope Bay, Upper Beaver, and San Nicolas — is widely viewed as a multi-year organic growth engine capable of lifting output meaningfully over the next decade.
In recent weeks, sentiment around AEM has been shaped by a mix of portfolio optimization and valuation considerations. The company agreed to sell its Delta and Helm Bay projects to Vizsla Copper, monetizing non-core assets while retaining royalties, and it has continued to advance its core development projects. At least one research firm downgraded the stock to a Hold-equivalent rating in late October 2026, citing a valuation premium that limits prospective returns after a strong run. AEM's third-quarter 2026 results are scheduled for late October, a catalyst that traders are likely watching closely.
NEM Overview and Recent Performance
Newmont Corporation (NEM) is the world's largest gold producer, with a portfolio spanning the Americas, Africa, Australia, and Papua New Guinea. Beyond gold, Newmont generates material copper, silver, zinc, and lead byproduct revenue, adding an element of diversification uncommon among pure-play gold miners. The company has guided to roughly 5.26 million ounces of gold production for 2026 and continues to focus its portfolio on lower-cost, long-life "Tier 1" assets following its acquisition of Newcrest and a multi-billion-dollar divestiture program.
Recent market activity has reflected the strong operating leverage that high gold prices provide to Newmont's large production base. The company reported record free cash flow in recent quarters, reduced debt to a near-zero net debt position, and returned substantial capital to shareholders through dividends and buybacks. The Ahafo North expansion in Ghana reached commercial production, and the company's growth projects in Australia are advancing. While Newmont carries a higher AISC than AEM, its scale and byproduct diversification have been key drivers of investor attention during the gold rally.
Trending AI Robots
Tickeron's Trending AI Robots page showcases a curated selection of AI-driven trading bots, drawn from a broader library of hundreds of automated strategies that trade thousands of different tickers. Rather than listing every available bot, this section highlights only those best suited to current market conditions, helping users cut through the noise. The featured bots vary widely in trading style, strategy, timeframe, performance history, and the sets of tickers they trade, so no two robots are alike. Because each bot is optimized differently, reviewing their statistics and performance ranges can help traders identify strategies aligned with their own objectives. For anyone comparing names like AEM and NEM, exploring the Trending AI Robots section offers a useful, data-driven complement to traditional fundamental analysis.
Head-to-Head Comparison
The clearest contrast between these two names is scale versus efficiency. NEM produces roughly 5.26 million ounces annually — well above AEM's roughly 3.45 million — and carries a larger market capitalization, but it also operates a higher AISC and a more complex, geographically dispersed footprint. AEM, by contrast, is concentrated in generally lower-risk jurisdictions and has historically reported among the sector's most competitive cost profiles and a net cash position.
Growth drivers also differ. AEM's expansion is largely organic, centered on a deep pipeline of development projects in stable regions. Newmont's growth leans on consolidating and streamlining its Tier 1 portfolio while leveraging copper and silver byproducts for diversification. On risk factors, NEM's broader geography introduces more operational and political complexity, while AEM's more focused portfolio exposes it to fewer jurisdictions but less byproduct diversification. From a momentum standpoint, both stocks have benefited from the same gold-price tailwind, though AEM's relative performance has moderated as valuation concerns surfaced in recent weeks.
Tickeron AI Verdict
Based on observable factors such as cost structure, balance-sheet strength, geographic concentration, and trend consistency, Tickeron's AI would likely lean toward AEM as the more stable, quality-oriented positioning at present. Its lower AISC, net cash position, and lower-risk jurisdictional footprint support a steadier operating profile, even as a valuation premium has tempered recent relative momentum. That said, NEM offers greater scale, byproduct diversification, and potentially higher sensitivity to further gold-price strength, which may appeal to investors prioritizing upside leverage. The AI's preference is probabilistic and reflects current market positioning rather than a definitive forecast; the relative attractiveness of the two names can shift with gold prices, cost trends, and earnings catalysts.
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.
To 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 Hold and NEM is a Hold.
Momentum Indicator for AEM turns positive, indicating new upward trend
AEM saw its Momentum Indicator move above the 0 level on November 05, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 74 similar instances where the indicator turned positive. In 58 of the 74 cases, the stock moved higher in the following days. The odds of a move higher are at 78%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for AEM just turned positive on November 05, 2026. Looking at past instances where AEM's MACD turned positive, the stock continued to rise in 37 of 51 cases over the following month. The odds of a continued upward trend are 73%.
Following a +6.21% 3-day Advance, the price is estimated to grow further. Considering data from situations where AEM advanced for three days, in 252 of 322 cases, the price rose further within the following month. The odds of a continued upward trend are 78%.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
AEM moved below its 50-day moving average on November 11, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AEM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 70%.
AEM broke above its upper Bollinger Band on November 09, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for AEM entered a downward trend on October 30, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 38 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 65, placing this stock slightly better than average.
The Tickeron SMR rating for this company is 43 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 49 (best 1 - 100 worst), indicating steady price growth. AEM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 82 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 100 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.391) is normal, around the industry mean (2.121). P/E Ratio (16.346) is within average values for comparable stocks, (-12.498). AEM's Projected Growth (PEG Ratio) (30.116) is very high in comparison to the industry average of (2.614). Dividend Yield (0.009) settles around the average of (0.330) among similar stocks. P/S Ratio (6.766) is also within normal values, averaging (7.321).
NEM in +4.55% Uptrend, rising for three consecutive days on November 09, 2026
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where NEM advanced for three days, in 249 of 319 cases, the price rose further within the following month. The odds of a continued upward trend are 78%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 04, 2026. You may want to consider a long position or call options on NEM as a result. In 55 of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 70%.
The Moving Average Convergence Divergence (MACD) for NEM just turned positive on November 04, 2026. Looking at past instances where NEM's MACD turned positive, the stock continued to rise in 43 of 59 cases over the following month. The odds of a continued upward trend are 73%.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
NEM moved below its 50-day moving average on November 11, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NEM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 66%.
NEM broke above its upper Bollinger Band on November 09, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for NEM entered a downward trend on October 30, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 30 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 30 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 65, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 36 (best 1 - 100 worst), indicating steady price growth. NEM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 38 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 93 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.615) is normal, around the industry mean (2.121). P/E Ratio (15.190) is within average values for comparable stocks, (-12.498). Projected Growth (PEG Ratio) (2.781) is also within normal values, averaging (2.614). Dividend Yield (0.009) settles around the average of (0.330) among similar stocks. P/S Ratio (5.144) is also within normal values, averaging (7.321).
AEM | NEM | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 24 | 30 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 100 Overvalued | 93 Overvalued | |
PROFIT vs RISK RATING 1..100 | 38 | 30 | |
SMR RATING 1..100 | 43 | 38 | |
PRICE GROWTH RATING 1..100 | 49 | 36 | |
P/E GROWTH RATING 1..100 | 82 | 30 | |
SEASONALITY SCORE 1..100 | n/a | 85 |
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 (93) in the Precious Metals industry is in the same range as AEM (100) 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 (30) in the Precious Metals industry is in the same range as AEM (38) 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 (36) in the Precious Metals industry is in the same range as AEM (49) 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 (30) in the Precious Metals industry is somewhat better than the same rating for AEM (82) 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 (%) | N/A | N/A |
| Stochastic ODDS (%) | 2 days ago 67% | 2 days ago 62% |
| Momentum ODDS (%) | 2 days ago 78% | 2 days ago 70% |
| MACD ODDS (%) | 2 days ago 73% | 2 days ago 73% |
| TrendWeek ODDS (%) | 2 days ago 76% | 2 days ago 78% |
| TrendMonth ODDS (%) | 2 days ago 63% | 2 days ago 81% |
| Advances ODDS (%) | 4 days ago 78% | 4 days ago 78% |
| Declines ODDS (%) | 2 days ago 70% | 2 days ago 66% |
| BollingerBands ODDS (%) | 2 days ago 67% | 2 days ago 65% |
| Aroon ODDS (%) | 2 days ago 65% | 2 days ago 63% |
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 2 green FA rating(s).
- AEM’s FA Score: 0 green, 5 red.
- NEM’s FA Score: 2 green, 3 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 3 bullish TA indicator(s).
- AEM’s TA Score: 3 bullish, 5 bearish.
- NEM’s TA Score: 3 bullish, 5 bearish.
Price Growth
AEM (@Precious Metals) experienced а +1.37% price change this week, while NEM (@Precious Metals) price change was +0.30% for the same time period.
The average weekly price growth across all stocks in the @Precious Metals industry was +0.40%. For the same industry, the average monthly price growth was -6.04%, and the average quarterly price growth was -9.36%.
Reported Earning Dates
AEM is expected to report earnings on Feb 18, 2027.
NEM is expected to report earnings on Feb 25, 2027.
Industries' Descriptions
@Precious Metals (+0.40% 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 AEM. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if NEM jumps, then AEM could also see price increases.