5 Best Mining Stocks Hedge Funds Are Buying

4. Agnico Eagle Mines Limited (NYSE:AEM)

Number of Hedge Fund Investors In Q1 2023: 42

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold mining company with a global operations base. It is one of the few companies on our list whose shares are rated a Strong Buy on average.

After digging through 943 hedge funds for their first quarter of 2023 investments, Insider Monkey discovered that 42 had invested in the firm. Out of these, Agnico Eagle Mines Limited (NYSE:AEM)’s biggest shareholder is Jean-Marie Eveillard’s First Eagle Investment Management due to its $318 million stake.

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