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AEM vs PAAS
Which Stock Would AI Choose? Agnico Eagle Mines (AEM) vs. Pan American Silver (PAAS) Stock Comparison
Key Takeaways
- AEM (Agnico Eagle Mines) delivered record quarterly free cash flow in its most recent earnings, supported by elevated gold prices and operational scale, while PAAS (Pan American Silver) prepares to report its Q2 2026 results amid a major acquisition.
- Both stocks trade as precious metals producers with exposure to gold and silver price movements, though AEM maintains a larger market capitalization and lower leverage profile compared to PAAS.
- Recent market activity shows both AEM and PAAS posting notable single-day gains exceeding 6% amid broader precious metals strength, with AEM benefiting from reaffirmed production guidance and PAAS from acquisition-driven growth potential.
- Sector sentiment remains influenced by macroeconomic factors including interest rate expectations and metal demand, creating relative performance contrasts between the gold-focused AEM and silver-leveraged PAAS.
- AEM offers greater operational stability through its diversified gold assets, whereas PAAS provides higher-beta exposure to silver with ongoing project expansions across multiple jurisdictions.
- Market positioning highlights trade-offs in scale versus leverage, with AEM demonstrating stronger recent cash generation metrics relative to PAAS’s acquisition integration focus.
Introduction
This comparison examines AEM and PAAS, two established precious metals producers, to illustrate differences in business models, recent performance, and market positioning. Gold and silver mining equities often respond to similar macroeconomic drivers such as inflation expectations, currency movements, and industrial demand, yet they diverge in commodity focus and operational characteristics. Institutional investors, portfolio managers seeking sector allocation, and traders monitoring relative strength within the materials industry may find this analysis relevant for evaluating complementary or contrasting exposures in a precious metals allocation.
AEM Overview and Recent Performance
Agnico Eagle Mines Limited operates as a senior gold producer with mines primarily in Canada, Australia, Finland, and Mexico. The company reported second-quarter 2026 results featuring record free cash flow of approximately $1.335 billion, driven by strong realized gold prices averaging over $4,400 per ounce and solid operational execution. Production guidance for full-year 2026 remains in the 3.3–3.5 million ounce range, with capital expenditure adjustments reflecting project advancements. In recent weeks, AEM shares have reflected positive sentiment tied to elevated gold prices and robust cash generation, contributing to year-to-date returns near 6% amid broader market volatility in the sector.
PAAS Overview and Recent Performance
Pan American Silver Corp. focuses on silver production with significant gold by-product credits, operating mines across the Americas including key assets in Mexico, Peru, and Canada. The company recently announced a $2.1 billion acquisition of MAG Silver Corp. to expand reserves and future cash flow potential. Ahead of its scheduled second-quarter 2026 earnings release in mid-August, PAAS shares have shown responsiveness to rising silver prices and acquisition-related developments. Recent market activity indicates performance aligned with sector momentum, though year-to-date returns have remained relatively flat compared with stronger precious metals benchmarks.
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Head-to-Head Comparison
AEM operates at greater scale as a pure-play gold miner with a larger market capitalization, lower debt levels, and higher reported net margins in recent quarters compared with PAAS, which derives primary revenue from silver and maintains a more leveraged balance sheet. Growth drivers differ markedly: AEM emphasizes production stability and shareholder returns through dividends and buybacks, while PAAS pursues reserve expansion via acquisitions and development projects such as La Colorada. Recent momentum has favored both amid precious metals strength, yet AEM has exhibited more consistent cash-flow generation. Risk factors include jurisdictional exposure for PAAS across multiple countries versus AEM’s more concentrated Canadian and Australian operations. Market sentiment reflects AEM’s defensive profile in gold versus PAAS’s higher sensitivity to silver price volatility and industrial demand.
Tickeron AI Verdict
Based on observable factors including trend consistency in cash generation, operational stability, and relative positioning within the precious metals sector, Tickeron’s AI models currently assign a modestly higher probabilistic weighting to AEM over PAAS in simulated trend-following and momentum frameworks. This assessment draws from stronger recent free-cash-flow metrics and scale advantages at AEM, tempered by PAAS’s acquisition catalyst and silver leverage potential. Outcomes remain contingent on commodity price trajectories and broader market conditions.
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 PAAS is a Hold.
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 whilePAAS’s FA Score has 1 green FA rating(s).
- AEM’s FA Score: 0 green, 5 red.
- PAAS’s FA Score: 1 green, 4 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 6 TA indicator(s) are bullish while PAAS’s TA Score has 5 bullish TA indicator(s).
- AEM’s TA Score: 6 bullish, 3 bearish.
- PAAS’s TA Score: 5 bullish, 5 bearish.
Price Growth
AEM (@Precious Metals) experienced а +17.56% price change this week, while PAAS (@Precious Metals) price change was +9.77% for the same time period.
The average weekly price growth across all stocks in the @Precious Metals industry was +10.27%. For the same industry, the average monthly price growth was +30.78%, and the average quarterly price growth was -11.70%.
Reported Earning Dates
AEM is expected to report earnings on Oct 28, 2026.
PAAS is expected to report earnings on Nov 10, 2026.
Industries' Descriptions
@Precious Metals (+10.27% 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 | PAAS | AEM / PAAS | |
| Capitalization | 109B | 21.9B | 498% |
| EBITDA | 10.5B | 2.22B | 474% |
| Gain YTD | 25.608 | 0.804 | 3,184% |
| P/E Ratio | 18.50 | 15.70 | 118% |
| Revenue | 14.5B | 4B | 363% |
| Total Cash | 3.48B | 1.61B | 215% |
| Total Debt | 320M | 845M | 38% |
AEM | PAAS | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 46 | 39 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 93 Overvalued | 20 Undervalued | |
PROFIT vs RISK RATING 1..100 | 36 | 46 | |
SMR RATING 1..100 | 42 | 44 | |
PRICE GROWTH RATING 1..100 | 37 | 44 | |
P/E GROWTH RATING 1..100 | 72 | 82 | |
SEASONALITY SCORE 1..100 | 50 | 50 |
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.
PAAS's Valuation (20) in the Precious Metals industry is significantly better than the same rating for AEM (93) in the null industry. This means that PAAS’s stock grew significantly faster than AEM’s over the last 12 months.
AEM's Profit vs Risk Rating (36) in the null industry is in the same range as PAAS (46) in the Precious Metals industry. This means that AEM’s stock grew similarly to PAAS’s over the last 12 months.
AEM's SMR Rating (42) in the null industry is in the same range as PAAS (44) in the Precious Metals industry. This means that AEM’s stock grew similarly to PAAS’s over the last 12 months.
AEM's Price Growth Rating (37) in the null industry is in the same range as PAAS (44) in the Precious Metals industry. This means that AEM’s stock grew similarly to PAAS’s over the last 12 months.
AEM's P/E Growth Rating (72) in the null industry is in the same range as PAAS (82) in the Precious Metals industry. This means that AEM’s stock grew similarly to PAAS’s over the last 12 months.
| AEM | PAAS | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 62% | 2 days ago 76% |
| Stochastic ODDS (%) | 2 days ago 65% | 2 days ago 74% |
| Momentum ODDS (%) | 2 days ago 79% | 2 days ago 76% |
| MACD ODDS (%) | 2 days ago 81% | N/A |
| TrendWeek ODDS (%) | 2 days ago 75% | 2 days ago 80% |
| TrendMonth ODDS (%) | 2 days ago 76% | 2 days ago 80% |
| Advances ODDS (%) | 2 days ago 77% | 2 days ago 81% |
| Declines ODDS (%) | N/A | 25 days ago 72% |
| BollingerBands ODDS (%) | 2 days ago 58% | 2 days ago 74% |
| Aroon ODDS (%) | 2 days ago 78% | 2 days ago 75% |
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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.