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AEM or IAG or PAAS
Which Stock Would AI Choose? Agnico Eagle Mines (AEM) vs. IAMGOLD Corporation (IAG) vs. Pan American Silver (PAAS) Stock Comparison
Key Takeaways
- AEM (Agnico Eagle Mines) is a large-cap gold producer with a diversified asset base and roughly 15 years of reserves, trading at a premium valuation with record free cash flow.
- IAG (IAMGOLD Corporation) is a mid-cap gold producer in transition, recently shifting from a leveraged construction story to a cash-generative operator anchored by the Côté Gold mine.
- PAAS (Pan American Silver) is a major silver-and-gold producer with high sensitivity to silver prices, which have pulled back recently and pressured sentiment.
- The three stocks differ sharply in market positioning: AEM offers scale and stability, IAG offers higher beta and growth-oriented rerating potential, and PAAS offers direct leverage to silver.
- Analyst consensus is broadly constructive on all three, but their risk profiles, valuation multiples, and drivers are materially different.
Introduction
Precious metals equities have experienced a volatile stretch, with gold retreating from record highs and silver under renewed pressure. Within that environment, investors and traders are weighing how differently positioned producers respond. This stock comparison examines three companies across the precious metals spectrum: Agnico Eagle Mines, a diversified senior gold producer; IAMGOLD Corporation, a mid-tier gold producer transitioning to strong cash generation; and Pan American Silver, a leading silver producer with gold exposure. Because each name carries a distinct business model, cost structure, and metal-price sensitivity, their relative performance and market positioning offer a useful lens for both long-term investors and momentum-oriented traders.
AEM Overview and Recent Performance
Agnico Eagle Mines is a senior gold producer with operating mines in Canada, Finland, Mexico, and Australia, and it is one of the largest names in the Canadian gold sector. The company has emphasized growth in lower-risk jurisdictions, advancing projects such as Odyssey at Canadian Malartic, Detour Lake, Hope Bay, Upper Beaver, and San Nicolas. In recent market activity, AEM has benefited from a rebound in gold prices and forecast-topping quarterly results, though its shares had previously been trading below their 200-day moving average following a "death cross" (a bearish signal where the 50-day moving average falls below the 200-day). Full-year 2025 operating cash flow reached a record $6.8 billion, and the company generated roughly $1.3 billion in free cash flow in its most recent reported quarter, supported by higher realized gold prices and disciplined cost control. Despite this strength, AEM trades at a forward price-to-earnings (P/E) multiple above its gold-mining peer average, reflecting the market's premium for its scale, liquidity, and asset quality.
IAG Overview and Recent Performance
IAMGOLD Corporation is a mid-tier gold producer and developer operating in Canada and Burkina Faso, with its flagship Côté Gold mine in northeastern Ontario as the centerpiece of its portfolio. The company is in the midst of a transformation from a leveraged construction story into a cash-generative producer, a shift that has drawn fresh analyst coverage in recent weeks. In its most recent reported quarter, IAMGOLD produced 183,600 attributable ounces of gold, generated revenue above $1 billion and mine-site free cash flow of about $525 million, while returning capital through buybacks and repaying debt. IAG has been one of the higher-beta names in the gold complex, with a multi-year total shareholder return several times its prior base and a 52-week range that underscores its volatility. The company pays no dividend, and its forward P/E is relatively low, reflecting both strong cash-flow growth and the market's sensitivity to execution and metal-price swings.
PAAS Overview and Recent Performance
Pan American Silver is one of the world's leading primary silver producers, with a diversified portfolio of silver and gold mines across the Americas. The company produced 22.8 million ounces of silver in 2025 and has guided to higher output in 2026, supported by strong mine performance and improved all-in sustaining costs (AISC, a measure of the full cost to produce an ounce of metal). Pan American recently announced a shareholder return framework targeting up to $1 billion in 2026 distributions, reflecting its robust cash generation. However, PAAS is highly correlated with silver prices, and the metal's retreat from recent highs has weighed on both sentiment and valuation. Analysts have trimmed some price targets in response to softer silver, even as consensus ratings remain constructive. The stock's forward P/E sits below its silver-mining peer average, a signal the market is currently pricing in metal-price uncertainty alongside the company's operational momentum.
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Head-to-Head Comparison
These three stocks occupy different positions on the risk and return spectrum. AEM is the largest and most diversified, with scale, strong liquidity, and a premium valuation; its performance is driven primarily by gold prices and steady project execution rather than binary catalysts. IAG is smaller and more volatile, with a high beta and concentrated exposure to the Côté Gold mine; its lower multiple and lack of a dividend reflect both its rapid cash-flow inflection and the execution risk tied to a narrower asset base. PAAS stands apart as the primary silver proxy, meaning its earnings and sentiment are more directly tied to silver's industrial and monetary demand dynamics, which have recently been weaker. In terms of sector exposure, AEM and IAG are gold-focused, while PAAS carries meaningful silver-plus-gold leverage. On valuation sensitivity, all three remain highly sensitive to metal prices, but IAG and PAAS show greater proportional swings in both earnings and share price.
Tickeron AI Verdict
Based on observable trend consistency, relative stability, and catalyst positioning, Tickeron's AI would likely lean toward AEM in the current environment. Its diversified production base, record cash generation, and premium-but-supported valuation suggest a steadier trend profile and fewer single-asset or single-metal risks relative to its peers. IAG presents the strongest momentum and rerating potential but carries elevated volatility, while PAAS currently faces the headwind of softer silver prices. This assessment reflects probabilistic, data-driven positioning rather than a definitive forecast, and relative rankings could shift quickly with changes in metal prices or 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.
AEM in -1.73% downward trend, declining for three consecutive days on October 20, 2026
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where AEM declined for three days, in 166 of 238 cases, the price declined further within the following month. The odds of a continued downward trend are 70%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 46 of 67 cases where AEM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 69%.
The Momentum Indicator moved below the 0 level on October 22, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on AEM as a result. In 49 of 74 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 66%.
The Moving Average Convergence Divergence Histogram (MACD) for AEM turned negative on October 22, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 55 similar instances when the indicator turned negative. In 36 of the 55 cases the stock turned lower in the days that followed. This puts the odds of success at 65%.
AEM moved below its 50-day moving average on September 30, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for AEM crossed bearishly below the 50-day moving average on October 06, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 8 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 47%.
The Aroon Indicator for AEM entered a downward trend on October 22, 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.
Bullish Trend Analysis
The 50-day moving average for AEM moved above the 200-day moving average on October 06, 2026. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +7.07% 3-day Advance, the price is estimated to grow further. Considering data from situations where AEM advanced for three days, in 252 of 325 cases, the price rose further within the following month. The odds of a continued upward trend are 78%.
AEM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 41 (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 45 (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 84 (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 (3.118) is normal, around the industry mean (1.927). P/E Ratio (15.030) is within average values for comparable stocks, (-15.408). AEM's Projected Growth (PEG Ratio) (30.116) is very high in comparison to the industry average of (2.614). Dividend Yield (0.010) settles around the average of (0.345) among similar stocks. P/S Ratio (6.766) is also within normal values, averaging (7.321).
IAG's RSI Indicator entering oversold zone
The RSI Indicator for IAG moved into overbought territory on October 22, 2026. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 47 of 59 cases where IAG's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 80%.
The 50-day moving average for IAG moved above the 200-day moving average on September 24, 2026. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +6.10% 3-day Advance, the price is estimated to grow further. Considering data from situations where IAG advanced for three days, in 262 of 316 cases, the price rose further within the following month. The odds of a continued upward trend are 83%.
IAG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 23, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on IAG as a result. In 58 of 73 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 79%.
IAG moved below its 50-day moving average on September 30, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for IAG crossed bearishly below the 50-day moving average on October 06, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 14 of 21 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 67%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IAG 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 76%.
The Aroon Indicator for IAG entered a downward trend on October 22, 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 34 (best 1 - 100 worst), pointing to consistent 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 SMR rating for this company is 34 (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 Profit vs. Risk Rating rating for this company is 35 (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 Price Growth Rating for this company is 44 (best 1 - 100 worst), indicating steady price growth. IAG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 54 (best 1 - 100 worst) indicates that the company is fair valued 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 (2.132) is normal, around the industry mean (1.927). P/E Ratio (8.210) is within average values for comparable stocks, (-15.408). Projected Growth (PEG Ratio) (0.190) is also within normal values, averaging (2.614). Dividend Yield (0.030) settles around the average of (0.345) among similar stocks. P/S Ratio (3.102) is also within normal values, averaging (7.321).
PAAS in downward trend: price dove below 50-day moving average on September 23, 2026
PAAS moved below its 50-day moving average on September 23, 2026 date and that indicates a change from an upward trend to a downward trend. In 38 of 51 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 75%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day moving average for PAAS crossed bearishly below the 50-day moving average on September 28, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 65%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PAAS 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 72%.
The Aroon Indicator for PAAS entered a downward trend on October 22, 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.
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for PAAS's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a +1.51% 3-day Advance, the price is estimated to grow further. Considering data from situations where PAAS advanced for three days, in 242 of 299 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
PAAS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
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 Valuation Rating of 47 (best 1 - 100 worst) indicates that the company is fair valued 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 (2.314) is normal, around the industry mean (1.927). P/E Ratio (12.151) is within average values for comparable stocks, (-15.408). Projected Growth (PEG Ratio) (0.030) is also within normal values, averaging (2.614). Dividend Yield (0.018) settles around the average of (0.345) among similar stocks. P/S Ratio (4.533) is also within normal values, averaging (7.321).
The Tickeron Profit vs. Risk Rating rating for this company is 56 (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 Price Growth Rating for this company is 60 (best 1 - 100 worst), indicating fairly steady price growth. PAAS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 87 (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.
AEM | IAG | PAAS | ||
|---|---|---|---|---|
OUTLOOK RATING 1..100 | 74 | 60 | 65 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 100 Overvalued | 54 Fair valued | 47 Fair valued | |
PROFIT vs RISK RATING 1..100 | 41 | 35 | 56 | |
SMR RATING 1..100 | 43 | 34 | 43 | |
PRICE GROWTH RATING 1..100 | 45 | 44 | 60 | |
P/E GROWTH RATING 1..100 | 84 | 34 | 87 | |
SEASONALITY SCORE 1..100 | n/a | 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.
PAAS's Valuation (47) in the Precious Metals industry is in the same range as IAG (54) in the Precious Metals industry, and is somewhat better than the same rating for AEM (100) in the null industry. This means that PAAS's stock grew similarly to IAG’s and somewhat faster than AEM’s over the last 12 months.
IAG's Profit vs Risk Rating (35) in the Precious Metals industry is in the same range as AEM (41) in the null industry, and is in the same range as PAAS (56) in the Precious Metals industry. This means that IAG's stock grew similarly to AEM’s and similarly to PAAS’s over the last 12 months.
IAG's SMR Rating (34) in the Precious Metals industry is in the same range as AEM (43) in the null industry, and is in the same range as PAAS (43) in the Precious Metals industry. This means that IAG's stock grew similarly to AEM’s and similarly to PAAS’s over the last 12 months.
IAG's Price Growth Rating (44) in the Precious Metals industry is in the same range as AEM (45) in the null industry, and is in the same range as PAAS (60) in the Precious Metals industry. This means that IAG's stock grew similarly to AEM’s and similarly to PAAS’s over the last 12 months.
IAG's P/E Growth Rating (34) in the Precious Metals industry is somewhat better than the same rating for AEM (84) in the null industry, and is somewhat better than the same rating for PAAS (87) in the Precious Metals industry. This means that IAG's stock grew somewhat faster than AEM’s and somewhat faster than PAAS’s over the last 12 months.
| AEM | IAG | PAAS | |
|---|---|---|---|
| RSI ODDS (%) | N/A | 2 days ago 88% | 2 days ago 90% |
| Stochastic ODDS (%) | 2 days ago 69% | 2 days ago 80% | 2 days ago 83% |
| Momentum ODDS (%) | 2 days ago 66% | 2 days ago 79% | N/A |
| MACD ODDS (%) | 2 days ago 65% | N/A | N/A |
| TrendWeek ODDS (%) | 2 days ago 63% | 2 days ago 76% | 2 days ago 71% |
| TrendMonth ODDS (%) | 2 days ago 61% | 2 days ago 74% | 2 days ago 70% |
| Advances ODDS (%) | 8 days ago 78% | 8 days ago 83% | 5 days ago 81% |
| Declines ODDS (%) | 4 days ago 70% | 4 days ago 76% | 2 days ago 72% |
| BollingerBands ODDS (%) | 2 days ago 81% | 2 days ago 88% | 2 days ago 90% |
| Aroon ODDS (%) | 2 days ago 59% | 2 days ago 66% | 2 days ago 71% |
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 IAG’s FA Score has 0 green FA rating(s), and PAAS’s FA Score reflects 0 green FA rating(s).
- AEM’s FA Score: 0 green, 5 red.
- IAG’s FA Score: 0 green, 5 red.
- PAAS’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 IAG’s TA Score has 5 bullish TA indicator(s), and PAAS’s TA Score reflects 4 bullish TA indicator(s).
- AEM’s TA Score: 3 bullish, 7 bearish.
- IAG’s TA Score: 5 bullish, 5 bearish.
- PAAS’s TA Score: 4 bullish, 4 bearish.
Price Growth
AEM (@Precious Metals) experienced а -6.08% price change this week, while IAG (@Precious Metals) price change was -7.55% , and PAAS (@Precious Metals) price fluctuated -6.17% for the same time period.
The average weekly price growth across all stocks in the @Precious Metals industry was -7.84%. For the same industry, the average monthly price growth was -18.06%, and the average quarterly price growth was -16.51%.
Reported Earning Dates
AEM is expected to report earnings on Oct 28, 2026.
IAG is expected to report earnings on Nov 05, 2026.
PAAS is expected to report earnings on Nov 04, 2026.
Industries' Descriptions
@Precious Metals (-7.84% 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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