5 Best Gold and Silver Stocks to Buy Amid Rising Inflation

In this article, we will be looking at the 5 best gold and silver stocks to buy amid rising inflation. To see our detailed analysis on the precious metals and mining sector, you can go directly to the 10 Best Gold and Silver Stocks To Buy Amid Rising Inflation.

5. Agnico Eagle Mines Limited (NYSE: AEM)

Number of Hedge Fund Holders: 28

Agnico Eagle Mines Limited (NYSE: AEM) is a company focusing on the exploration and production of mineral properties in Canada, Sweden, and Finland. It operates through two segments, namely the Northern Business and Southern Business segments. The company mainly produces and sells gold deposits, while also exploring silver, zinc, and copper deposits. It ranks 5th on our list of the best gold and silver stocks to buy amid rising inflation.

This April, Agnico Eagle Mines Limited (NYSE: AEM) declared its $0.35 per share quarterly dividend with a forward yield of 2.2%. For the first quarter of 2021, the company had EPS valued at $0.67 versus the estimate of $0.60. Revenue for the quarter was valued at $934.39 million, representing a 29.08% growth year over year.

By the end of the first quarter of 2021, 28 hedge funds out of the 866 tracked by Insider Monkey held stakes in Agnico Eagle Mines Limited (NYSE: AEM). The total value of their stakes was roughly $247 million. This is compared to 36 hedge funds out of 887 in the previous quarter holding stakes valued at about $388 million.