5 Best Gold Mining Companies to Invest In According to Analysts

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In this piece, we will take a look at the 5 best gold mining stocks to buy according to analysts. If you want to go through our overview of the latest trends in the world of gold and minerals, then you can take a look at the 12 Best Gold Mining Companies to Invest In According to Analysts.

5. Agnico Eagle Mines Ltd (NYSE:AEM)

Average Analyst Share Price Upside: 38.45%

Average Analyst Share Price Target: $66.18

Agnico Eagle Mines Limited (NYSE:AEM), a major player in the Canadian gold industry, manages mining operations across Canada, Finland, Australia, and Mexico, while also conducting exploration and development endeavors in the United States. The company adopts a strategy of retaining complete exposure to rising gold prices by abstaining from forward gold sales. Analysts have overwhelmingly endorsed the company’s shares, with an average Strong Buy rating.

43 hedge funds profiled by Insider Monkey during Q4 2023 had invested in the gold mining company. Agnico Eagle Mines Limited (NYSE:AEM)’s biggest shareholder is Jean-Marie Eveillard’s First Eagle Investment Management as it owns 6.21 million shares that are worth $340.98 billion.

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