5 Most Undervalued Gold Stocks To Buy According To Hedge Funds

Page 5 of 5

1. Agnico Eagle Mines Limited (NYSE:AEM)

Number of Hedge Fund Investors In Q3 2023: 38

Latest P/E Ratio: 9.74

Agnico Eagle Mines Limited (NYSE:AEM) is one of the biggest gold companies in the world with more than ten thousand employees. The firm’s shares are rated Strong Buy on average, and analysts have set an upside of $15 for the company based on an average share price target of $50.

38 out of the 910 hedge funds part of Insider Monkey’s Q3 2023 database had bought and owned Agnico Eagle Mines Limited (NYSE:AEM)’s shares. The biggest hedge fund investor during the time period was Jean-Marie Eveillard’s First Eagle Investment Management due to its $283 million stake.

Follow Agnico Eagle Mines Ltd (NYSE:AEM)

Disclosure: None. You can also take a look at 16 Richest Hedge Fund Managers in the World and 11 Best Cheap Stocks To Buy For Long Term.

Follow Insider Monkey on Twitter

Page 5 of 5