5 Best Junior Silver Mining Stocks

3. Hecla Mining Company (NYSE:HL)

Number of Hedge Fund Holders: 16

Hecla Mining Company (NYSE:HL) is a Coeur d’Alene, Idaho-based mining company that is considered the biggest producer of silver in the US, with a rich history of over 130 years.

Hecla Mining Company (NYSE:HL) single-handedly produces around two-fifth of all the silver in the US and has been listed on the NYSE for the past five decades. CEO Hecla Mining, Phillips S. Baker Jr., believes that the demand for silver has increased four times from the current level due to the demand of the solar industry. Presently, the solar industry is consuming 120 million ounces, or 12% of the total global production of silver, and Mr. Baker anticipates this demand rising to 500 million ounces by 2050. Through acquisition and improving the efficiency of its current operations, Hecla Mining Company (NYSE:HL) has been able to increase its production by more than 25% since 2010. The company is expected to be a beneficiary of the increasing demand for silver. Hecla Mining Company’s (NYSE:HL) annual forward dividend yield stands at 0.63% as of September 28.