5 Best Canadian Gold Stocks to Buy Right Now

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1. Agnico Eagle Mines Limited (NYSE:AEM)

Number of Hedge Fund Holders: 31

Agnico Eagle Mines Limited (NYSE:AEM) is involved in the exploration, development, and production of gold in Canada, Finland, Mexico, and the US. It is headquartered in Ontario, Canada.

Agnico Eagle Mines Limited (NYSE:AEM) is one of the best Canadian gold stocks due to having one of the world’s lowest all-in-sustaining costs (AISC). In addition, the company is constantly expanding its reserves. On February 8, the company announced its merger of equal transactions with Kirkland Gold. In addition, the company also explored other precious metals and announced a 50/50 joint venture with Teck Resources Limited (NYSE:TECK) on San Nicolás copper-zinc project. This JV is a move by Agnico Eagle Mines Limited (NYSE:AEM) to secure a market share in the EV battery metals market.

Agnico Eagle Mines Limited (NYSE:AEM) has an outstanding dividend yield of 4.10% as of September 23. The company has been paying dividends since 1983. The most recent quarterly dividend of $0.40 was paid out on September 15, while the next one is payable by December 15 to the shareholders of record on December 1.

On September 20, Canaccord analyst Carey MacRury maintained a Buy rating on Agnico Eagle Mines Limited (NYSE:AEM)’s shares and raised the price target to C$91 from C$89 and is trading near its historical low multiples.

You can also take a peek at 10 Best Biotech Stocks Under $10 and 10 Best Delivery Stocks to Invest In.

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