AGNICO EAGLE MINES LIMITED vs CAMECO CORPORATION, two Mining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Agnico Eagle sells the oldest store of value; Cameco sells uranium into a nuclear renaissance, and the market prices the difference in stories at six-fold: 105.3 times earnings for Cameco against 17.7 for Agnico. The current economics belong to gold: a 37.5% net margin against 16.9%, an 18% return on equity against 8.5%, a 5.6% free-cash yield against 1.7%. Cameco's multiple prices contracted volumes and reactor buildouts years out; Agnico's prices the gold tape as it stands. Both carry no debt. A commodity at its cyclical peak trades at a sixth the multiple of one at its narrative peak; the pair is that sentence with tickers attached.
Comparison updated 2026-07-10.
| Metric | AEM | CCJ |
|---|---|---|
| Price | $157.18 | $104.56 |
| Market cap | $78.9B | $45.5B |
| Sector | Mining | Mining |
| Stage | Cyclical | Cyclical |
| P/E | 17.7 | 105.3 |
| P/B | 3.19 | 8.97 |
| P/S | 6.63 | 17.78 |
| EV/EBITDA | — | 66.7 |
| Revenue growth | +33.1% | +24.4% |
| Gross margin | — | 27.9% |
| Operating margin | — | 17.8% |
| Net margin | 37.5% | 16.9% |
| Return on equity | 18.0% | 8.5% |
| Return on assets | 12.9% | 5.7% |
| Return on invested capital | — | 6.8% |
| FCF yield | 5.6% | 1.7% |
| Dividend yield | 0.4% | — |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 2.02 | 2.47 |
| Altman Z (solvency) | 5.52 | 7.21 |
| Piotroski F (quality) | 8 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.