This Top-Tier Gold Stock Offers Investors the Ultimate Safe Haven

When the stock market turns volatile and economic uncertainty looms, investors traditionally flock to gold as a safe-haven investments, such as gold and silver. And the value of both of those metals has been soaring over the past year. Gold, however, is traditionally more of a safe haven, and adding a high-quality gold producer to your portfolio could be an excellent move this year.

A premier option for you to consider right now is Agnico Eagle Mines Limited (TSX:AEM)(NYSE:AEM). This globally recognized mining giant has been on an incredible run, with its share price surging over 20% since the start of the year. And over the past 12 months, it has doubled in value.

What sets the business apart from its peers is its steadfast commitment to operating in politically stable, mining-friendly jurisdictions. While other producers often take on immense geopolitical risks, this company focuses heavily on Canada, Australia, Finland, and Mexico.

Beyond offering investors a safe place to park their capital, the stock also provides a growing stream of dividend income. The company recently reported record-breaking free cash flow and subsequently announced a generous 12.5% increase to its quarterly dividend. Last year, it reported $4.5 billion in profit on $11.9 billion in revenue.

Agnico's stock is a good investment to hang on to, that can benefit if the price of gold rises even higher this year. But whether you are bullish on gold or just worried about the state of the economy, this senior gold producer offers a robust mix of safety, capital appreciation, and income, which can make it an excellent buy under any conditions.