5 Best Gold Stocks For Inflation

2. Agnico Eagle Mines Ltd (NYSE:AEM)

Number of Hedge Fund Investors: 38

Dividend Percentage as of February 2: 3.37%

Agnico Eagle Mines Limited (NYSE:AEM), a Canadian gold producer, operates mines in Canada, Finland, Australia, and Mexico, with additional exploration and development activities in the United States. The company maintains full exposure to elevated gold prices by refraining from forward gold sales. Analysts have rated the firm’s shares as Strong Buy on average, with an average share price target of $50, indicating an upside potential of $15.

Insider Monkey analyzed the shareholdings of 910 hedge fund portfolios during the September quarter of 2023 and identified 38 funds that acquired and held shares of Agnico Eagle Mines Limited (NYSE:AEM). The largest shareholder among these was First Eagle Investment Management, managed by Jean-Marie Eveillard, with an investment valued at $283 million.