5 Best Mining Stocks To Buy Now

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In this article, we discuss the 5 best mining stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Mining Stocks To Buy Now.

5. Agnico Eagle Mines Limited (NYSE:AEM)

Number of Hedge Fund Holders: 29

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold mining company that has established mines in Mexico and Finland. The company also engages in mineral exploration activities in Colombia and the US. Agnico Eagle Mines Limited (NYSE:AEM) is one of the best mining stocks to buy now, with payable gold production of 1,736,568 ounces in 2020.

Josh Wolfson of RBC Capital upgraded Agnico Eagle Mines Limited (NYSE:AEM) to Outperform from Sector Perform, with a $63 price target on October 6. The analyst sees upside potential for the company including a stronger balance sheet and anticipated milestones such as Detour Lake and Fosterville projects from its merger with Kirkland Lake Gold Ltd. (NYSE:KL). 

Of the 873 elite funds tracked by Insider Monkey, 29 were long Agnico Eagle Mines Limited (NYSE:AEM) at the end of June, up from 28 in the first quarter of 2021.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm First Eagle Investment Management is a leading shareholder in Agnico Eagle Mines Limited (NYSE:AEM) with 5.24 million shares worth more than $272 million at the end of September quarter.

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