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AEM vs NEM
Which Stock Would AI Choose? Agnico Eagle Mines (AEM) vs. Newmont (NEM) Stock Comparison
Key Takeaways
- Both AEM and NEM are leading gold producers that reported strong second-quarter 2026 results, including earnings beats and record free cash flow amid elevated gold prices.
- AEM demonstrated lower all-in sustaining costs (AISC) and production consistency, while guiding full-year output toward the lower end of its range due to a pit redesign.
- NEM reported higher absolute free cash flow and expanded its Nevada joint venture with Barrick, alongside board appointments that enhance governance.
- Recent market activity shows both stocks posting substantial gains over the past month, outperforming broader indices as gold prices rallied.
- AEM maintains a leaner balance sheet with minimal debt compared to NEM, which holds greater cash reserves but higher leverage.
- Sector sentiment remains positive for both, driven by operational efficiencies and gold price strength rather than company-specific catalysts alone.
Introduction
Agnico Eagle Mines Limited (AEM) and Newmont Corporation (NEM) represent two of the largest publicly traded gold mining companies, each with diversified global operations and significant production scale. This comparison examines their recent performance, business profiles, and market positioning to assist traders and investors evaluating exposure to the gold sector. The analysis is particularly relevant for those seeking to understand relative momentum, cost structures, and operational resilience in an environment shaped by commodity price fluctuations and macroeconomic factors. Both stocks have exhibited notable price appreciation in recent weeks, making a side-by-side review useful for assessing trade-offs in risk and reward.
AEM Overview and Recent Performance
Agnico Eagle Mines Limited operates primarily as a gold producer with assets in Canada, Australia, Finland, and Mexico. In recent market activity, the stock has shown strong upward momentum following its second-quarter 2026 earnings release, which featured adjusted earnings per share above consensus estimates despite revenues slightly missing targets. Payable gold production reached 855,816 ounces, supported by strong performance at key sites, though full-year guidance was adjusted toward the lower end of the prior range due to a pit redesign at Canadian Malartic. The company highlighted record free cash flow and continued share repurchases alongside its dividend. Sentiment has benefited from operational optimizations and cost discipline, with all-in sustaining costs remaining competitive. Broader gold price strength has further supported recent gains, positioning AEM as a relatively stable performer within the sector.
NEM Overview and Recent Performance
Newmont Corporation is the world’s largest gold producer by market capitalization, with operations spanning multiple continents and a focus on large-scale assets. Recent market activity reflects solid gains following its second-quarter 2026 results, which included robust free cash flow of $2.2 billion and earnings per share that exceeded estimates. The company reaffirmed its 2026 production guidance and expanded its Nevada Gold Mines joint venture with Barrick through additional property contributions and governance enhancements. A new board appointment added mining and finance expertise. Gold price rallies and operational cash generation have driven positive sentiment, though revenue came in slightly below consensus in the quarter. NEM maintains substantial liquidity, supporting dividends and buybacks while navigating capital expenditure commitments.
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Head-to-Head Comparison
In business model terms, AEM emphasizes lower-risk jurisdictions and cost efficiency, resulting in a leaner balance sheet with minimal debt, whereas NEM leverages greater scale and cash reserves but carries higher leverage and larger absolute capital commitments. Growth drivers for both center on gold price leverage and production optimization, though AEM has highlighted consistent production beats while NEM advanced joint-venture expansions. Recent momentum favors both amid sector-wide rallies, with AEM showing slightly more pronounced short-term percentage gains in certain periods. Risk factors include production variability for AEM and integration or capital outflow considerations for NEM. Sector exposure remains similar, yet market sentiment reflects AEM’s edge in cost stability versus NEM’s advantage in liquidity and partnership scale.
Tickeron AI Verdict
Based on observable factors such as trend consistency, cost positioning, and relative stability in recent market activity, Tickeron’s AI would currently assign a modest probabilistic preference to AEM over NEM. Lower all-in sustaining costs and disciplined production outcomes provide a more predictable profile amid gold price volatility, though NEM’s scale and cash generation offer counterbalancing strengths. This assessment reflects current data patterns rather than forward guarantees.
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 Buy and NEM is a Buy.
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 undervalued. 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 whileNEM’s FA Score has 3 green FA rating(s).
- AEM’s FA Score: 0 green, 5 red.
- NEM’s FA Score: 3 green, 2 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 5 TA indicator(s) are bullish while NEM’s TA Score has 5 bullish TA indicator(s).
- AEM’s TA Score: 5 bullish, 5 bearish.
- NEM’s TA Score: 5 bullish, 5 bearish.
Price Growth
AEM (@Precious Metals) experienced а +3.01% price change this week, while NEM (@Precious Metals) price change was +3.05% for the same time period.
The average weekly price growth across all stocks in the @Precious Metals industry was -5.69%. For the same industry, the average monthly price growth was +4.06%, and the average quarterly price growth was -6.60%.
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 (-5.69% 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.
| AEM | NEM | AEM / NEM | |
| Capitalization | 103B | 136B | 76% |
| EBITDA | 10.5B | 16B | 66% |
| Gain YTD | 20.265 | 29.735 | 68% |
| P/E Ratio | 17.34 | 16.23 | 107% |
| Revenue | 14.5B | 25.8B | 56% |
| Total Cash | 3.48B | 9.01B | 39% |
| Total Debt | 320M | 5.6B | 6% |
AEM | NEM | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 92 | 87 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 94 Overvalued | 75 Overvalued | |
PROFIT vs RISK RATING 1..100 | 37 | 28 | |
SMR RATING 1..100 | 43 | 38 | |
PRICE GROWTH RATING 1..100 | 41 | 10 | |
P/E GROWTH RATING 1..100 | 81 | 25 | |
SEASONALITY SCORE 1..100 | n/a | n/a |
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 (75) in the Precious Metals industry is in the same range as AEM (94) 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 (28) in the Precious Metals industry is in the same range as AEM (37) 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 (10) in the Precious Metals industry is in the same range as AEM (41) 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 (25) in the Precious Metals industry is somewhat better than the same rating for AEM (81) 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 (%) | 2 days ago 57% | 2 days ago 63% |
| Stochastic ODDS (%) | 2 days ago 76% | 2 days ago 71% |
| Momentum ODDS (%) | 2 days ago 64% | 2 days ago 63% |
| MACD ODDS (%) | 2 days ago 61% | 2 days ago 65% |
| TrendWeek ODDS (%) | 2 days ago 75% | 2 days ago 79% |
| TrendMonth ODDS (%) | 2 days ago 76% | 2 days ago 82% |
| Advances ODDS (%) | 8 days ago 78% | 8 days ago 78% |
| Declines ODDS (%) | 3 days ago 69% | 3 days ago 65% |
| BollingerBands ODDS (%) | 7 days ago 63% | 7 days ago 69% |
| Aroon ODDS (%) | 2 days ago 81% | 2 days ago 82% |
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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 92% 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.