5 Best Silver Mining Stocks to Invest In

1. Newmont Corporation (NYSE: NEM)

Number of Hedge Fund Holders: 43

Newmont Corporation (NYSE: NEM) produces and explores gold, while also exploring for silver, copper, zinc, and lead. The company ranks 1st on our list of the best silver mining stocks to invest in.

On June 23rd, Newmont Corporation (NYSE: NEM) revealed its first Climate Strategy report, making it one of only two such companies in the world that are trying to set climate targets for themselves. In May, Newmont Corporation (NYSE: NEM) was the top gainer on the S&P 500 in light of its acquisition of the remaining 85% of GT Gold Corp. for about $325 million. In the first quarter of 2021, Newmont Corporation (NYSE: NEM) had an EPS of $0.74, missing estimates by -$0.04. The company’s revenue was $2.87 billion, up 11.27% year over year, and it has a gross profit margin of 55.29%. The stock has gained 3.56% in the past year.

By the end of the first quarter of 2021, 43 hedge funds out of the 866 tracked by Insider Monkey held stakes in Newmont Corporation (NYSE: NEM). The total value of their stakes was roughly $994 million. This is compared to 50 hedge fund holders in the previous quarter with a total stake value of about $1.21 billion.

You can also take a look at 10 Best Gold Stocks to Buy in 2021 and 10 Best Precious Metals Stocks To Buy.

Follow Insider Monkey on Twitter