5 Best Mining Stocks To Buy Now

4. Agnico Eagle Mines Limited (NYSE:AEM)

Number of Hedge Fund Holders: 38

Agnico Eagle Mines Limited (NYSE:AEM), a Canadian gold producer, operates in Canada, Finland, Australia, and Mexico, with additional exploration and development activities in the United States. The company maintains full exposure to elevated gold prices as part of its policy of refraining from forward gold sales. The firm’s shares are rated Strong Buy on average, and analysts have set an upside of $15 for the company based on an average share price target of $50.

Insider Monkey examined the shareholdings of 910 hedge fund portfolios for their holdings in Agnico Eagle Mines Limited (NYSE:AEM) during the September quarter of 2023 and identified 38 funds that had acquired and held the company’s shares. Among these, the most significant shareholder was First Eagle Investment Management, managed by Jean-Marie Eveillard, with an investment valued at $283 million.