12 High Growth Non-Tech Stocks That Are Profitable in 2025

6. Agnico Eagle Mines Limited (NYSE:AEM)

5-Year Sales Growth: 27.13%

5-Year Net Income Growth: 31.99%

TTM Net Income: $1.9 Billion

Number of Hedge Fund Holders: 53

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian-based senior gold mining company. It is recognized as one of the largest gold producers in the world, operating mines in Canada, Australia, Finland, and Mexico. On March 19, National Bank raised the firm’s price target on the stock to C$190 from C$160 while keeping an Outperform rating on the shares.

In fiscal 2024, Agnico Eagle Mines Limited (NYSE:AEM) produced a record 3.49 million ounces of gold, exceeding the midpoint of its production guidance. Fourth-quarter production alone was approximately 847,000 ounces. As a result, the revenue reached a record high of $2.2 billion, supported by an average gold price of $2,384 per ounce. Management noted that it increased growth capital and exploration spending for projects like Odyssey, Detour Underground, Upper Beaver, Hope Bay, and San Nicolas. Agnico Eagle Mines Limited (NYSE:AEM) anticipates further margin expansion and cash flow growth due to favorable gold prices. It is one of the high-growth non-tech stocks that are profitable in 2025.

Conventum – Alluvium Global Fund stated the following regarding Agnico Eagle Mines Limited (NYSE:AEM) in its Q3 2024 investor letter:

“Our gold miners performed quite well. Agnico Eagle Mines Limited (NYSE:AEM) was up 22.4%, and Regis Resources was up 16.2%. Moving on to Agnico Eagle, its update was all positive, and included promising expansion plans for existing assets. Unlike Regis, there was no reason for its share price not to respond to the favourable conditions in the direct gold markets. However, over the course of our ownership (originally in Kirkland Lake which then merged with Agnico), our investment has moved more toward exploration from operations. Whilst we like upside, and there is no doubt the Agnico management team have executed well and are likely to continue to do so, this was never the main game when it came to our investment in Kirkland Lake in mid 2020. So, it no longer meets our original investment thesis, nor our refined investment philosophy. This is perhaps best illustrated by our earnings based valuation approach. We updated our gold price and exchange rate assumptions leading to higher maintainable earnings estimates, and we adjusted our discount rate to reflect higher growth prospects and increased confidence in management. And our valuation increased by 47%. However it is still barely half the current share price. Accordingly, we sold our position.