5 Biggest Gold Companies in Canada

2. Agnico Eagle Mines Limited (NYSE:AEM)

Number of Hedge Fund Holders: 31

Agnico Eagle Mines Limited (NYSE:AEM) is one of the older Canadian gold mining companies as it was set up in 1953 and is based in Toronto. The firm explores for and sells gold deposits.

Agnico Eagle Mines Limited (NYSE:AEM) grew its gold production to 816,800 ounces during the third quarter, which also saw its year to date production jump to 2.48 million ounces to mark a remarkable 58% growth. This also led to the third quarter and year to date revenue growing to $1.45 billion and $4.35 billion, respectively. This performance stands out against the industry which has suffered from dropping production and growing costs this year.

Agnico Eagle Mines Limited (NYSE:AEM) pays a 40 cent dividend for a 3.54% yield. As part of their second quarter of 2022 investments, 31 out of the 895 hedge funds polled by Insider Monkey had invested in Agnico Eagle Mines Limited (NYSE:AEM).

Agnico Eagle Mines Limited (NYSE:AEM)’s largest investor is Rajiv Jain’s GQG Partners which owns 17.4 million shares that are worth $798 million.