5 Best Gold Stocks To Buy For Recession

2. Agnico Eagle Mines Limited (NYSE:AEM)

Number of Hedge Fund Holders: 39   

Agnico Eagle Mines Limited (NYSE:AEM) engages in the exploration, development, and production of mineral properties in Canada, Mexico, and Finland. On December 1, Agnico Eagle Mines declared a quarterly dividend of $0.40 per share, in-line with the previous. The forward yield was 3.07%. 

On November 1, National Bank analyst Mike Parkin maintained an Outperform rating on Agnico Eagle Mines Limited (NYSE:AEM) stock and lowered the price target to C$75 from C$79.  

At the end of the third quarter of 2022, 39 hedge funds in the database of Insider Monkey held stakes worth $598.6 million in Agnico Eagle Mines Limited (NYSE:AEM), compared to 31 in the preceding quarter worth $1.4 billion.