5 Most Profitable Gold Stocks To Invest In

Page 5 of 5

1. Agnico Eagle Mines Limited (NYSE:AEM)

Number of Hedge Fund Holders: 43

Latest TTM Net Income: 1.94 billion

Agnico Eagle Mines Limited (NYSE:AEM), a prominent player in the Canadian gold industry, operates mining operations across Canada, Finland, Australia, and Mexico, while also engaging in exploration and development activities in the United States. The company pursues a strategy of maintaining full exposure to increasing gold prices by refraining from forward gold sales.

On February 16, Agnico Eagle Mines Limited (NYSE:AEM) announced a quarterly dividend of $0.40 per share, consistent with previous payouts. The dividend was scheduled to be paid on March 15 to shareholders of record as of March 1.

During the fourth quarter of 2023, 43 hedge funds profiled by Insider Monkey had invested in the gold mining company. Agnico Eagle Mines Limited (NYSE:AEM)’s largest shareholder is Jean-Marie Eveillard’s First Eagle Investment Management, which owns 6.21 million shares valued at $340.98 billion.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out 20 Countries Facing the Biggest Brain Drain and 16 Best Russell 2000 Stocks To Buy According To Hedge Funds.

Page 5 of 5