In this piece, we will take a look at the five best junior silver mining stocks to buy now. If you want to learn more about how the silver industry might become indispensable in the future, then check out 12 Best Junior Silver Mining Stocks To Buy Now.
5. Harmony Gold Mining Company Limited (NYSE:HMY)
Number of Hedge Fund Investors In Q3 2023: 13
Harmony Gold Mining Company Limited (NYSE:HMY) is a South African diversified metals mining firm that also mines silver. Only two analysts cover the stock, one from JPMorgan and the other from UBS. Both of them have rated the shares as Neutral.
13 out of the 910 hedge funds polled by Insider Monkey were the firm’s investors in Q3 2023. The biggest Harmony Gold Mining Company Limited (NYSE:HMY) hedge fund shareholder is David Iben’s Kopernik Global Investors as it owns 18.2 million shares that are worth $68.6 million.
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4. SSR Mining Inc. (NASDAQ:SSRM)
Number of Hedge Fund Investors In Q3 2023: 14
SSR Mining Inc. (NASDAQ:SSRM) is an American silver mining company with operations in the U.S., Turkey, and Argentina. The firm is currently fine tuning its production portfolio and is interested in selling its Peruvian mine for a $43.5 million price tag.
As of September 2023, 14 out of the 910 hedge funds profiled by Insider Monkey had bought SSR Mining Inc. (NASDAQ:SSRM)’s shares in Q3 2023.
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3. Coeur Mining, Inc. (NYSE:CDE)
Number of Hedge Fund Investors In Q3 2023: 15
Coeur Mining, Inc. (NYSE:CDE) is an American company with silver mining operations in Canada and the U.S. It has been struggling on the financial front lately, by having missed analyst EPS estimates in three of its four latest quarters and meeting them in only one.
By the end of this year’s third quarter, 15 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in Coeur Mining, Inc. (NYSE:CDE). Paul Marshall and Ian Wace’s Marshall Wace LLP was the firm’s largest stakeholder as it owned $21.9 million worth of shares.
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2. Hecla Mining Company (NYSE:HL)
Number of Hedge Fund Investors In Q3 2023: 17
Hecla Mining Company (NYSE:HL) is an American mining company headquartered in Idaho. The firm’s shares are rated Buy on average and analysts have set an average share price target of $5.83.
After digging through 910 hedge fund portfolios for 2023’s September quarter, Insider Monkey discovered that 17 were the firm’s shareholders. Hecla Mining Company (NYSE:HL)’s biggest hedge find investor is Israel Englander’s Millennium Management due to its $10.5 million stake.
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1. Hudbay Minerals Inc. (NYSE:HBM)
Number of Hedge Fund Investors In Q3 2023: 29
Hudbay Minerals Inc. (NYSE:HBM) is a Canadian mining company with operations in Peru and Canada. It is one of the most highly rated stocks on our list as the shares are rated Strong Buy on average.
During Q3 2023, 29 out of the 910 hedge funds polled by Insider Monkey had bought Hudbay Minerals Inc. (NYSE:HBM)’s shares. Thomas E. Claugus’s GMT Capital was the largest shareholder since it owns $187 million worth of shares.
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Disclosure: None. You can also take a look at 12 Most Promising Stocks to Buy According to Hedge Funds and Dan Loeb Stock Portfolio: 10 Top Stock Picks.
