10 Best Metal Stocks to Buy According to Billionaires

8. Agnico Eagle Mines Limited (NYSE:AEM)

Number of Billionaires: 11

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian-based senior gold mining company and the third-largest gold producer globally. The company operates mines in Canada, Australia, Finland, and Mexico and maintains a pipeline of high-quality exploration and development projects.

In February 2025, Agnico Eagle Mines Limited (NYSE:AEM) reported record annual gold production and free cash flow for the full year of 2024. The company also provided an updated three-year guidance, indicating stable production levels and ongoing optimization of existing mines.

In March 2025, Agnico Eagle Mines Limited (NYSE:AEM) announced a strategic investment in Collective Mining Ltd., subscribing for approximately 4.74 million common shares for C$11.00 per share, totaling C$52.16 million. This investment aligns with Agnico Eagle’s strategy to expand its presence in high-quality exploration projects. Additionally, it has agreed to subscribe to 20,770,000 units of Cartier Resources Inc.

The recent surge in gold prices has positively impacted Canadian gold mining stocks, with Agnico Eagle’s stock value rising by 38% year-to-date, reflecting a market capitalization of $53.51 billion.

Analysts hold a consensus Buy opinion on Agnico Eagle’s stock, citing its strong earnings growth, record production, and free cash flow. With 88% of 17 analysts recommending a Buy, Agnico Eagle Mines Limited (NYSE:AEM) is positioned well as one of the best metal stocks to invest to tap into the gold sector.