Agnico Eagle Mines (AEM) vs Franco-Nevada (FNV)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Franco-Nevada (FNV) has outperformed Agnico Eagle Mines (AEM) over the past year, gaining 9.4% versus a gain of 8.5%. Over five years, AEM leads with a +214.1% price change compared with +69.0% for FNV. Agnico Eagle Mines is the larger company by market cap ($91.34 billion vs $45.88 billion), about 2.0 times the size, while Franco-Nevada is growing revenue faster (+63.7% vs +43.7%).
On valuation, Agnico Eagle Mines trades at a lower forward P/E (14.5x vs 25.5x for Franco-Nevada). Agnico Eagle Mines offers the higher dividend yield (0.94% vs 0.69%). Franco-Nevada converts more of its revenue into profit, with a net margin of 61.0% versus 37.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AEM | FNV |
|---|---|---|
| Share price | $180.39 | $237.90 |
| Market cap | $91.34B | $45.88B |
| 1-day change | -3.03% | -2.49% |
| YTD return | +6.41% | +14.77% |
| 1-year return | +8.48% | +9.45% |
| 5-year return | +214.10% | +69.04% |
| P/E ratio (TTM) | 15.43 | 31.89 |
| Forward P/E | 14.50 | 25.46 |
| EPS (TTM) | $11.69 | $7.46 |
| Dividend yield | 0.94% | 0.69% |
| Annual dividend | $1.70 | $1.64 |
| Revenue (latest FY) | $11.91B | $1.82B |
| Revenue growth (YoY) | +43.71% | +63.69% |
| Net income (latest FY) | $4.46B | $1.11B |
| Gross margin | 71.95% | 73.91% |
| Operating margin | — | 74.29% |
| Net margin | 37.47% | 61.01% |
| 52-week high | $255.24 | $285.67 |
| 52-week low | $134.38 | $181.50 |
| Distance from 52-week high | -29.33% | -16.72% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +19.72% | +20.63% |
| Average volume | 2.61M | 800.58K |
| Shares outstanding | 506.36M | 192.87M |
| Sector | Basic Materials | Basic Materials |
| Industry | Precious Metals | Precious Metals |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Franco-Nevada trades at a higher earnings multiple (31.9x vs 15.4x trailing P/E).
- Franco-Nevada is more profitable, keeping 61.0 cents of every revenue dollar as net income versus 37.5 cents for Agnico Eagle Mines.
- Franco-Nevada grew revenue faster in its latest fiscal year (+63.69% vs +43.71%).
About Agnico Eagle Mines
AEM stock →Agnico Eagle Mines Limited, a gold mining company, engages in the exploration, development, and production of precious metals. It explores for gold, silver, copper, and zinc.
Basic Materials · Precious Metals
About Franco-Nevada
FNV stock →Franco-Nevada Corporation operates as a royalty and stream company focused on precious metals in South America, Central America, Mexico, the United States, Canada, Australia, Europe, and Africa. The company operates through Precious Metals, Other Mining and Energy segments.
Basic Materials · Precious Metals
AEM vs FNV FAQ
Which is bigger, Agnico Eagle Mines or Franco-Nevada?
Agnico Eagle Mines (AEM) is larger, with a market capitalization of $91.34B compared with $45.88B for Franco-Nevada (FNV).
Which stock has performed better over the past year, AEM or FNV?
FNV returned +9.45% over the past 12 months, compared with +8.48% for AEM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AEM or FNV?
AEM has the lower trailing P/E at 15.4, versus 31.9 for FNV. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Agnico Eagle Mines or Franco-Nevada?
Agnico Eagle Mines has the higher yield at 0.94%, compared with 0.69% for Franco-Nevada.
Are Agnico Eagle Mines and Franco-Nevada in the same industry?
Yes. Both are classified in the Precious Metals industry within the Basic Materials sector.