In this article, we will discuss the 10 Best Mining Stocks to Buy According to Hedge Funds.
According to PwC, the broader mining industry has been expanding its horizons as it provides the critical materials that support fundamental human needs. Apart from gold miners, 2024 was a tough year for the broader mining industry, reported PwC. The revenues and EBITDA for the top 40 global mining companies (except gold-focused firms) declined 3% and 10%, respectively.
What’s Lies Ahead for the Mining Industry?
PwC believes that several key trends will affect the trajectory of the mining industry over the coming decade. The energy transition remains a critical driver of key mineral demand. Therefore, significant new supply is anticipated to come on stream or to be in development. The advancements are expected to improve mining equipment performance, resulting in increased output with reduced resource consumption and improved safety.
PwC also highlighted that the urban population is projected to more than double by 2050. With the growth in global economies, per capita demand for commodities is also expected to increase despite more efficient use as well as higher recycling levels. This will lead to increased recognition of the need for a greater supply of minerals.
Amidst these trends, let us now have a look at the 10 Best Mining Stocks to Buy According to Hedge Funds.
Our Methodology
To list the 10 Best Mining Stocks to Buy According to Hedge Funds, we used a screener to shortlist the stocks catering to the broader mining sector. Next, we chose the ones popular among hedge funds, as of Q2 2025. Finally, the stocks were ranked in ascending order of their hedge fund sentiment.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10 Best Mining Stocks to Buy According to Hedge Funds
10. Standard Lithium Ltd. (NYSEAMERICAN:SLI)
Number of Hedge Fund Holders: 6
Standard Lithium Ltd. (NYSEAMERICAN:SLI) is one of the Best Mining Stocks to Buy According to Hedge Funds. On September 4, Raymond James lifted the price objective on the company’s stock to $4.00 from $2.75, while maintaining an “Outperform” rating. The firm believes that the increasing maturation of Standard Lithium Ltd. (NYSEAMERICAN:SLI)’s projects as well as model adjustments are the key factors responsible for the increased valuation. Notably, the firm sees the company as a leader in Direct Lithium Extraction (DLE) with an emphasis towards advancing its portfolio of lithium-brine projects in the US.
Standard Lithium Ltd. (NYSEAMERICAN:SLI)’s cash and working capital came in at $33.8 million and $30.6 million, respectively, as of June 30, 2025. The company has no term or revolving debt obligations. Smackover Lithium, which is a JV between Standard Lithium Ltd. (NYSEAMERICAN:SLI) and Equinor, announced the positive results of a Definitive Feasibility Study for its South West Arkansas project. Talking about highlights, the first production has been targeted for 2028, with the projected initial production capacity of 22,500 tonnes per annum of battery-quality lithium carbonate for the project.
9. Solaris Resources Inc. (NYSEAMERICAN:SLSR)
Number of Hedge Fund Holders: 7
Solaris Resources Inc. (NYSEAMERICAN:SLSR) is one of the Best Mining Stocks to Buy According to Hedge Funds. On August 29, H.C. Wainwright lifted the price target on the company’s stock to $13 from $11, while keeping a “Buy” rating, as reported by The Fly. This comes after the company entered into a $200 million financing agreement with Royal Gold. As per the firm, the transaction provides Solaris Resources Inc. (NYSEAMERICAN:SLSR) with financial flexibility to advance Warintza without further diluting the shareholders.
Solaris Resources Inc. (NYSEAMERICAN:SLSR) highlighted that, between January 2024 – February 2025, it completed more than 82,000 metres of infill drilling, positioning itself to upgrade a substantial portion of Inferred Resources to the Measured and Indicated categories. Solaris Resources Inc. (NYSEAMERICAN:SLSR)’s cash generated in operating activities during the 3 and 6 months ended June 30, 2025 came in at $84.7 million and $67.1 million compared to -$12.1 million and -$22.3 million, respectively.
8. United States Antimony Corporation (NYSEAMERICAN:UAMY)
Number of Hedge Fund Holders: 13
United States Antimony Corporation (NYSEAMERICAN:UAMY) is one of the Best Mining Stocks to Buy According to Hedge Funds. On August 27, the company announced that it entered into a securities purchase agreement, involving aggregate proceeds of $18 million, with a single fundamental global institutional investor. United States Antimony Corporation (NYSEAMERICAN:UAMY) plans to use the net proceeds for working capital, acquisition of additional antimony inventory from international sources, and for further expansion of its existing leasehold mineral position in Alaska associated with antimony.
United States Antimony Corporation (NYSEAMERICAN:UAMY) intends to deploy net proceeds also for potential acquisitions of one or more other critical mineral companies or specific properties that are currently under review, and for potential expansion of Madero Smelter in Mexico above its 200 tons per month nameplate capacity. Elsewhere, United States Antimony Corporation (NYSEAMERICAN:UAMY)’s revenues for the first 6 months of 2025 rose to $17.53 million, reflecting a 160% increase of $10.79 million as compared to the first six months of 2024.
United States Antimony Corporation (NYSEAMERICAN:UAMY) produces and sells antimony, zeolite, and precious metals.
7. Vizsla Silver Corp. (NYSE:VZLA)
Number of Hedge Fund Holders: 20
Vizsla Silver Corp. (NYSE:VZLA) is one of the Best Mining Stocks to Buy According to Hedge Funds. On September 5, the company announced that it had executed a mandate letter with Macquarie Bank Limited as lead arranger for the senior secured project finance facility of up to US$220 million. This is to finance the construction and development of the high-grade underground Panuco silver-gold project in Sinaloa, Mexico.
Subject to the execution of definitive credit documentation and satisfaction of customary conditions, Vizsla Silver Corp. (NYSE:VZLA) can draw an initial US$25 million early-drawdown tranche down from the Facility, which will provide immediate financing for early development, construction preparation, and working capital ahead of the full project build-out at Panuco. Together with Vizsla Silver Corp. (NYSE:VZLA)’s current cash position, the debt facility is anticipated to fully finance the Panuco Project through to first silver production, and the company remains firmly on schedule with this and other key de-risking milestones, positioning itself to transition seamlessly into construction.
To provide a brief context, the newly consolidated Panuco silver-gold project is an emerging high-grade discovery, which is located in southern Sinaloa, Mexico, near the city of Mazatlán.
6. McEwen Inc. (NYSE:MUX)
Number of Hedge Fund Holders: 22
McEwen Inc. (NYSE:MUX) is one of the Best Mining Stocks to Buy According to Hedge Funds. On September 3, the company announced encouraging results from the 2025 drilling program at the Windfall Project, which is located on the Eureka Property in Nevada, some 32 miles (50 kilometers) from the company’s Gold Bar Mine. McEwen Inc. (NYSE:MUX) highlighted that the results confirm continuous gold mineralization in the main Windfall Fault Zone and reveal a brand-new fault zone in its footwall, with high grades of gold, silver, and base metals.
Notably, the new zone has similarities to mineralization at i-80 Gold’s Ruby Hill Mine, which already produced 1.4 million ounces of gold. Elsewhere, McEwen Inc. (NYSE:MUX) released Q2 2025 results. The increased gold price had a positive impact on the company’s cash flow and net income. McEwen Inc. (NYSE:MUX) saw net income of $3.0 million as compared to the net loss of $13.0 million in Q2 2024. Its adjusted EBITDA came in at $17.3 million as compared to $7.2 million in Q2 2024.
McEwen Inc. (NYSE:MUX) is a mining and minerals production and exploration company, which is focused on precious and base minerals.
5. Perpetua Resources Corp. (NASDAQ:PPTA)
Number of Hedge Fund Holders: 27
Perpetua Resources Corp. (NASDAQ:PPTA) is one of the Best Mining Stocks to Buy According to Hedge Funds. On August 29, 2025, Perpetua Resources Idaho, Inc., a wholly owned subsidiary of Perpetua Resources Corp. (NASDAQ:PPTA), entered into a camp supply and installation agreement with ATCO Structures & Logistics (USA) Inc. This is for dVizslaesigning, constructing, and installing a 1,010-person turnkey camp accommodation and site package for Perpetua Resources Corp. (NASDAQ:PPTA)’s Stibnite Gold Project.
Perpetua Resources Corp. (NASDAQ:PPTA) received its final federal permit for the Stibnite Gold Project in Q2 2025. This follows eight years of rigorous interagency coordination and review. The company has also closed $425 million in gross proceeds from equity financing and subsequently additional gross proceeds of $49 million upon full exercise of an underwriter option, for total aggregate gross proceeds of ~$474 million. Perpetua Resources Corp. (NASDAQ:PPTA) remains focused on finalizing remaining permits for the Stibnite Gold Project to support early works construction that is expected to begin in the fall of 2025.
Perpetua Resources Corp. (NASDAQ:PPTA) is a development-stage company that is engaged in the acquisition of mining properties.
4. BHP Group Limited (NYSE:BHP)
Number of Hedge Fund Holders: 29
BHP Group Limited (NYSE:BHP) is one of the Best Mining Stocks to Buy According to Hedge Funds. On August 19, the company released financial results for the year ended 30 June 2025, which were characterized by record production, continued sector-leading margins, and disciplined capital allocation. BHP Group Limited (NYSE:BHP) stated that copper production surpassed 2 Mt for the first time, reflecting a rise of 28% over the past 3 years. The company maintained its position as the world’s lowest-cost major iron ore producer at WAIO, where it delivered 290 Mt (a new production record).
In each of the upcoming 2 years, BHP Group Limited (NYSE:BHP) expects to spend US$11 billion in capital and exploration, reducing to US$10 billion on average each year over FY 2028 and FY 2030. Furthermore, the Jansen project in Canada is projected to deliver its first potash production by mid-2027. BHP Group Limited (NYSE:BHP) remains well-placed to deliver value through the cycle, thanks to the diversified portfolio of large, long-life assets, disciplined low-cost operations as well as a strong balance sheet.
3. MP Materials Corp. (NYSE:MP)
Number of Hedge Fund Holders: 40
MP Materials Corp. (NYSE:MP) is one of the Best Mining Stocks to Buy According to Hedge Funds. On September 2, Morgan Stanley analyst Carlos De Alba maintained a “Hold” rating on the company’s stock and set a price objective of $65.00. The analyst’s rating is backed by a combination of factors demonstrating both opportunities and risks. As per the analyst, MP Materials Corp. (NYSE:MP) has been developing a fully domestic supply chain for rare earth materials, which happens to be a strategic advantage, mainly with its partnership with the Department of Defense.
The analyst believes that this collaboration has reduced some of the risks, and MP Materials Corp. (NYSE:MP) remains on track to begin commercial production of critical components by 2025 end. However, despite the positive developments, there are worries about project execution, which is a significant risk, highlighted the analyst. MP Materials Corp. (NYSE:MP) believes that its partnerships with the Department of Defense and Apple are expected to fuel significant long-term profitability and place the company as a platform for sustained growth amidst the emerging era of physical AI.
MP Materials Corp. (NYSE:MP) is America’s only fully integrated rare earth producer whose capabilities span the entire supply chain, i.e., from mining and processing to advanced metallization and magnet manufacturing.
2. Teck Resources Limited (NYSE:TECK)
Number of Hedge Fund Holders: 52
Teck Resources Limited (NYSE:TECK) is one of the Best Mining Stocks to Buy According to Hedge Funds. On September 3, UBS upgraded the company’s stock to “Buy” from “Neutral” with a price objective of C$60, up from the prior target of C$56, as reported by The Fly. As per the analyst, the issues at the key mine Quebrada Blanca are not structural, while the production can increase to 270kt over the upcoming 12 months. Furthermore, the firm anticipates Teck Resources Limited (NYSE:TECK) to benefit from an improving copper price.
Furthermore, Teck Resources Limited (NYSE:TECK)’s Q2 2025 marked a huge milestone in the growth of its copper production, with regulatory approval and Board sanction for the construction of the Highland Valley Copper Mine Life Extension project. Teck Resources Limited (NYSE:TECK) saw adjusted EBITDA of $722 million in Q2 2025, which was marginally higher than the same period of last year, primarily because of improved profitability from its Trail Operations. This was partly offset by reduced copper and zinc prices. The company’s profit from continuing operations before taxes came in at $125 million in Q2 2025.
1. Agnico Eagle Mines Limited (NYSE:AEM)
Number of Hedge Fund Holders: 52
Agnico Eagle Mines Limited (NYSE:AEM) is one of the Best Mining Stocks to Buy According to Hedge Funds. On September 9, the company announced that it sold 38,002,589 common shares of Orla Mining Ltd. in a sale to buyers in Canada, the US, and elsewhere via the facilities of TSX. This was done at the price of C$14.75 per share for a total amount of C$560,538,188. This reflects Agnico Eagle Mines Limited (NYSE:AEM)’s commitment to disciplined capital allocation and enables it to redeploy capital to the strategic priorities.
Elsewhere, Agnico Eagle Mines Limited (NYSE:AEM) announced that it acquired 586,619 units of Maple Gold Mines Ltd. in a non-brokered private placement. This was done at the price of $0.60 per unit for the total amount of $351,971.40. Agnico Eagle Mines Limited (NYSE:AEM)’s portfolio of high-quality assets delivered strong results in Q2 2025, generating record FCF, more than doubling compared to the prior quarter. This showcases the strength of the gold price environment, its disciplined cost management as well as the consistency of its operational execution. It saw FCF of $1,305 million.
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