Advertisement
AEM or FNV or RGLD
Agnico Eagle Mines (AEM) vs Franco-Nevada (FNV) vs Royal Gold (RGLD) Earnings Recap: Record Gold Performances Analyzed
Key Takeaways
- All three companies reported strong Q4 2025 results amid elevated gold prices, with AEM beating EPS estimates at $2.69 vs. $2.56 expected and revenue of $3.56B (+60% YoY).
- FNV set records with Q4 revenue $597.3M (+86% YoY), adjusted EPS $1.85 beating $1.67, and full-year GEOs up 12%.
- RGLD achieved record Q4 revenue $375.3M (+85% YoY) but adjusted EPS $1.92 missed $2.68 consensus.
- Royalties/streamers FNV and RGLD show leveraged upside to metal prices without operational risks, while producer AEM offers volume growth.
Earnings Context and Competitive Landscape
In the gold sector, earnings reports highlight sensitivity to metal prices and production dynamics. AEM, a leading gold producer, competes with royalty firms FNV and RGLD, which derive revenue from streams and royalties on mining output. These models provide high margins and lower costs, amplifying gains from rising gold. Recent quarters reflect robust demand, with all firms posting revenue growth over 60% YoY in Q4 2025, underscoring sector strength.
Franco-Nevada (FNV) Focus
FNV released Q4 2025 results on March 10, 2026, reporting record revenue of $597.3 million, up 86% from prior year, driven by higher gold prices and increased GEO sales of 141,656 (up 18%). Adjusted net income reached $356.2 million or $1.85 per share, surpassing consensus by $0.18. Net income was $367.7 million or $1.91 basic EPS. Full-year 2025 marked records with $1.82 billion revenue and operating cash flow of $1.49 billion. 2026 guidance projects 510,000–570,000 GEOs sold, with dividend up 16% to $0.44 quarterly.
Agnico Eagle Mines (AEM) Context
AEM announced Q4 2025 earnings on February 12, 2026, with adjusted EPS of $2.69 beating Zacks estimate of $2.56 by 4.91% and revenue of $3.56 billion exceeding forecasts by 9.98% (up 60% YoY). Production hit 840,608 ounces at cash costs of $1,113/oz. The beat reflects higher realized gold prices of $4,163/oz, generating record free cash flow. Positioning remains strong with multi-year production growth outlook.
Royal Gold (RGLD) Context
RGLD reported Q4 2025 on February 18, 2026, with record revenue of $375.3 million (up 85% YoY on 90,800 GEOs, +19%) and operating cash flow $241.7 million. However, adjusted EPS of $1.92 missed consensus $2.68 by 28%, with GAAP EPS $1.16. Full-year sales topped $1 billion. Past earnings show revenue strength but EPS volatility from taxes and one-offs; portfolio expansions enhance positioning.
Head-to-Head Earnings and Market Comparison
AEM leads in scale with superior EPS beat and production volume, signaling operational excellence but higher cost exposure. FNV excels in quality with beats, record margins (Adjusted EBITDA $541M Q4), and conservative guidance, reflecting low-risk royalty model. RGLD matches revenue surge but EPS miss highlights earnings risks from dilutions/taxes. Growth signals favor AEM for volume; sentiment leans FNV for stability amid gold rally. Risks include price volatility; all maintain strong cash flows.
Trending AI Robots
Tickeron’s Trending AI Robots page curates the strongest AI bots from a larger pool of hundreds of bots trading thousands of tickers. It ranks them based on recent performance metrics like win rate, profit factor, and drawdown across various timeframes such as intraday, daily, or swing trading. Bots vary by style—momentum, mean reversion, or trend-following—and asset classes including stocks, ETFs, forex, and crypto. Users can filter by risk level, timeframe, and historical returns to discover top performers for automated trading strategies. The page updates dynamically to highlight bots with consistent edges, aiding investors in leveraging AI for portfolio optimization without coding expertise.
Tickeron AI Verdict
Tickeron AI favors FNV with 65% probability in the near term due to pristine earnings beat, record metrics, dividend hike, and 2026 guidance signaling sustained GEO growth at superior margins versus peers' misses or higher costs. AEM (25%) offers production upside; RGLD (10%) lags on EPS disappointment.
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 Limitations
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 1 FA rating(s) are green whileFNV’s FA Score has 2 green FA rating(s), and RGLD’s FA Score reflects 2 green FA rating(s).
- AEM’s FA Score: 1 green, 4 red.
- FNV’s FA Score: 2 green, 3 red.
- RGLD’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 6 TA indicator(s) are bullish while FNV’s TA Score has 6 bullish TA indicator(s), and RGLD’s TA Score reflects 5 bullish TA indicator(s).
- AEM’s TA Score: 6 bullish, 4 bearish.
- FNV’s TA Score: 6 bullish, 4 bearish.
- RGLD’s TA Score: 5 bullish, 5 bearish.
Price Growth
AEM (@Precious Metals) experienced а +3.79% price change this week, while FNV (@Precious Metals) price change was +0.94% , and RGLD (@Precious Metals) price fluctuated +1.07% for the same time period.
The average weekly price growth across all stocks in the @Precious Metals industry was +2.59%. For the same industry, the average monthly price growth was -8.94%, and the average quarterly price growth was +42.04%.
Reported Earning Dates
AEM is expected to report earnings on Apr 30, 2026.
FNV is expected to report earnings on May 06, 2026.
RGLD is expected to report earnings on May 06, 2026.
Industries' Descriptions
@Precious Metals (+2.59% 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 | FNV | RGLD | |
| Capitalization | 108B | 50.2B | 22.5B |
| EBITDA | 8.38B | 1.45B | 780M |
| Gain YTD | 27.899 | 25.724 | 19.878 |
| P/E Ratio | 24.43 | 45.17 | 39.68 |
| Revenue | 11.9B | 1.55B | 1.03B |
| Total Cash | 2.88B | 788M | N/A |
| Total Debt | 321M | 82.6M | 895M |
AEM | FNV | RGLD | ||
|---|---|---|---|---|
OUTLOOK RATING 1..100 | 65 | 19 | 9 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 96 Overvalued | 20 Undervalued | 19 Undervalued | |
PROFIT vs RISK RATING 1..100 | 20 | 17 | 27 | |
SMR RATING 1..100 | 44 | 55 | 72 | |
PRICE GROWTH RATING 1..100 | 41 | 41 | 43 | |
P/E GROWTH RATING 1..100 | 73 | 75 | 37 | |
SEASONALITY SCORE 1..100 | 50 | 50 | 21 |
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.
RGLD's Valuation (19) in the Precious Metals industry is in the same range as FNV (20) in the Precious Metals industry, and is significantly better than the same rating for AEM (96) in the null industry. This means that RGLD's stock grew similarly to FNV’s and significantly faster than AEM’s over the last 12 months.
FNV's Profit vs Risk Rating (17) in the Precious Metals industry is in the same range as AEM (20) in the null industry, and is in the same range as RGLD (27) in the Precious Metals industry. This means that FNV's stock grew similarly to AEM’s and similarly to RGLD’s over the last 12 months.
AEM's SMR Rating (44) in the null industry is in the same range as FNV (55) in the Precious Metals industry, and is in the same range as RGLD (72) in the Precious Metals industry. This means that AEM's stock grew similarly to FNV’s and similarly to RGLD’s over the last 12 months.
AEM's Price Growth Rating (41) in the null industry is in the same range as FNV (41) in the Precious Metals industry, and is in the same range as RGLD (43) in the Precious Metals industry. This means that AEM's stock grew similarly to FNV’s and similarly to RGLD’s over the last 12 months.
RGLD's P/E Growth Rating (37) in the Precious Metals industry is somewhat better than the same rating for AEM (73) in the null industry, and is somewhat better than the same rating for FNV (75) in the Precious Metals industry. This means that RGLD's stock grew somewhat faster than AEM’s and somewhat faster than FNV’s over the last 12 months.
| AEM | FNV | RGLD | |
|---|---|---|---|
| RSI ODDS (%) | 1 day ago 71% | 1 day ago 48% | 1 day ago 81% |
| Stochastic ODDS (%) | 1 day ago 67% | 1 day ago 67% | 1 day ago 55% |
| Momentum ODDS (%) | 1 day ago 73% | 1 day ago 58% | 1 day ago 67% |
| MACD ODDS (%) | 1 day ago 75% | 1 day ago 61% | 1 day ago 63% |
| TrendWeek ODDS (%) | 1 day ago 75% | 1 day ago 65% | 1 day ago 69% |
| TrendMonth ODDS (%) | 1 day ago 60% | 1 day ago 58% | 1 day ago 61% |
| Advances ODDS (%) | 1 day ago 79% | 3 days ago 64% | 3 days ago 72% |
| Declines ODDS (%) | 5 days ago 69% | 22 days ago 59% | 5 days ago 60% |
| BollingerBands ODDS (%) | 1 day ago 74% | 1 day ago 64% | 1 day ago 68% |
| Aroon ODDS (%) | 1 day ago 66% | 1 day ago 63% | 1 day ago 53% |
Advertisement
RGLD and
Correlation & Price change
A.I.dvisor indicates that over the last year, RGLD has been closely correlated with WPM. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if RGLD jumps, then WPM could also see price increases.
| Ticker / NAME | Correlation To RGLD | 1D Price Change % | ||
|---|---|---|---|---|
| RGLD | 100% | -1.02% | ||
| WPM - RGLD | 84% Closely correlated | +0.54% | ||
| AEM - RGLD | 84% Closely correlated | +0.39% | ||
| KGC - RGLD | 81% Closely correlated | -0.76% | ||
| NEM - RGLD | 81% Closely correlated | +0.73% | ||
| GOLD - RGLD | 80% Closely correlated | -3.58% | ||
More | ||||