10 Best Performing Canadian Stocks in 2025

2. Agnico Eagle Mines Limited (NYSE:AEM)

1-Year Returns: 100.52%

Number of Hedge Fund Holders: 54

Agnico Eagle Mines Limited (NYSE:AEM) is a Toronto-based gold mining company that explores, develops, and produces precious metals. The company has projects in the United States as well as mining activities in Canada, Finland, Australia, and Mexico, and avoids forward gold sales by ensuring full exposure to changing gold prices.

Agnico Eagle Mines Limited (NYSE:AEM) reported decent financial and operational results for the fourth quarter and full year 2024. The company produced a record amount of gold, 3.48 million ounces, at $885 per ounce in production expenses and $903 in total cash costs. Additionally, AEM reported a quarterly adjusted net income of $632 million alongside a massive FCF of $570 million. The company also managed to strengthen its balance sheet by cutting net debt by $1.3 billion in 2024, ending the year at $217 million.

Agnico Eagle Mines Limited (NYSE:AEM) recently purchased 95.6% of O3 Mining’s outstanding shares in a takeover bid. In addition to providing shareholders with cash in exchange for their shares, this transaction boosts Agnico Eagle’s position in the mining sector.