Agnico Eagle Mines (AEM) vs Royal Gold (RGLD)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Royal Gold (RGLD) has outperformed Agnico Eagle Mines (AEM) over the past year, gaining 12.6% versus a gain of 8.4%. Over five years, AEM leads with a +214.1% price change compared with +133.6% for RGLD. Agnico Eagle Mines is the larger company by market cap ($93.11 billion vs $19.59 billion), about 4.8 times the size.
On valuation, Agnico Eagle Mines trades at a lower forward P/E (14.8x vs 18.0x for Royal Gold). Agnico Eagle Mines offers the higher dividend yield (0.92% vs 0.41%). Royal Gold converts more of its revenue into profit, with a net margin of 45.2% 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 | RGLD |
|---|---|---|
| Share price | $183.87 | $231.18 |
| Market cap | $93.11B | $19.59B |
| 1-day change | +1.93% | +1.44% |
| YTD return | +8.46% | +4.00% |
| 1-year return | +8.43% | +12.64% |
| 5-year return | +214.10% | +133.61% |
| P/E ratio (TTM) | 15.73 | 25.60 |
| Forward P/E | 14.78 | 17.98 |
| EPS (TTM) | $11.69 | $9.03 |
| Dividend yield | 0.92% | 0.41% |
| Annual dividend | $1.70 | $0.95 |
| Revenue (latest FY) | $11.91B | $1.03B |
| Revenue growth (YoY) | +43.71% | +43.24% |
| Net income (latest FY) | $4.46B | $466.28M |
| Gross margin | 71.95% | 69.32% |
| Operating margin | — | 61.93% |
| Net margin | 37.47% | 45.25% |
| 52-week high | $255.24 | $306.25 |
| 52-week low | $134.38 | $168.88 |
| Distance from 52-week high | -27.96% | -24.51% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +17.45% | +34.02% |
| Average volume | 2.60M | 686.81K |
| Shares outstanding | 506.36M | 84.73M |
| Employees | — | 39 |
| Sector | Basic Materials | Industrials |
| 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
- Agnico Eagle Mines is about 4.8 times larger than Royal Gold by market value ($93.11B vs $19.59B).
- Royal Gold trades at a higher earnings multiple (25.6x vs 15.7x trailing P/E).
- Royal Gold is more profitable, keeping 45.2 cents of every revenue dollar as net income versus 37.5 cents for Agnico Eagle Mines.
- The two companies sit in different sectors: Agnico Eagle Mines in Basic Materials and Royal Gold in Industrials.
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 Royal Gold
RGLD stock →Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests in North America, South and Central America, Europe, the Middle East, Africa, and the Australia Pacific. It operates through Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments.
Industrials · Precious Metals · 39 employees
AEM vs RGLD FAQ
Which is bigger, Agnico Eagle Mines or Royal Gold?
Agnico Eagle Mines (AEM) is larger, with a market capitalization of $93.11B compared with $19.59B for Royal Gold (RGLD).
Which stock has performed better over the past year, AEM or RGLD?
RGLD returned +12.64% over the past 12 months, compared with +8.43% for AEM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AEM or RGLD?
AEM has the lower trailing P/E at 15.7, versus 25.6 for RGLD. 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 Royal Gold?
Agnico Eagle Mines has the higher yield at 0.92%, compared with 0.41% for Royal Gold.
Are Agnico Eagle Mines and Royal Gold in the same industry?
Yes. Both are classified in the Precious Metals industry within the Basic Materials sector.