5 Best Gold Mining Stocks to Buy Now

2. Agnico Eagle Mines Limited (NYSE:AEM)

Number of Hedge Fund Holders: 31

Agnico Eagle Mines Limited (NYSE:AEM) is a Toronto-based company that engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. The company explores for and commercializes gold, silver, zinc, and copper deposits. Agnico Eagle Mines Limited (NYSE:AEM) is one of the best gold mining stocks to buy, especially for income investors, as the company delivers a dividend yield of 3.78% as of October 10. 

On September 30, Citi analyst Alexander Hacking upgraded Agnico Eagle Mines Limited (NYSE:AEM) to Buy from Neutral with a $50 price target.

According to Insider Monkey’s data, 31 hedge funds were bullish on Agnico Eagle Mines Limited (NYSE:AEM) at the end of the second quarter of 2022, compared to 38 funds in the last quarter. Rajiv Jain’s GQG Partners is the largest stakeholder of the company, with 17.4 million shares worth $798.45 million.