Analysts are Recommending These 5 Value Stocks Amid Market Volatility

2. Agnico Eagle Mines Limited (NYSE:AEM)

Number of Hedge Fund Holders: 33

PE Ratio: 19.03    

Agnico Eagle Mines Limited (NYSE:AEM) is a mineral exploration firm with prime interests in gold. Barclays analyst Matthew Murphy recently upgraded the stock to Overweight from Equal Weight and raised the price target to $69 from $67, noting that gold stocks presented an “attractive” hedge against possible central bank errors moving forward. 

Top hedge funds hold large stakes in Agnico Eagle Mines Limited (NYSE:AEM). Among the hedge funds being tracked by Insider Monkey, New York-based investment firm First Eagle Investment Management is a leading shareholder in Agnico Eagle Mines Limited (NYSE:AEM), with 5.2 million shares worth more than $272 million.