9 Best Mining Stocks to Buy According to Billionaire John Paulson

4. Agnico Eagle Mines Ltd (NYSE:AEM)

Billionaire John Paulson Q1’2024 Stake Value: $46,739,414

Canadian gold mining company Agnico Eagle Mines Ltd (NYSE:AEM) is one of the best mining stocks to buy according to billionaire John Paulson. Paulson & Co owns a $47 million stake in Agnico Eagle Mines Ltd (NYSE:AEM). The stock has a dividend yield of over 2.3% as of May 27.

In April, Agnico Eagle Mines Ltd (NYSE:AEM) reported strong Q1 results. Adjusted EPS in the quarter came in at $0.76, beating estimates by $0.16. Revenue in the quarter jumped 21.2% year over year to $1.83 billion, surpassing estimates by $50 million.

Agnico Eagle Mines Ltd (NYSE:AEM) is one of the most popular gold mining stocks among the over 900 hedge funds tracked by Insider Monkey. 46 hedge funds reported owning stakes in Agnico Eagle Mines Ltd (NYSE:AEM) as of the end of the March quarter, up from 43 hedge funds in the previous quarter.