5 Best Silver Mining Stocks in 2021

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In this article, we discuss the 5 best silver mining stocks in 2021. If you want to see our detailed analysis of silver mining stocks and their future outlook, go directly to see the 10 Best Silver Mining Stocks in 2021.

5. Fortuna Silver Mines Inc. (NYSE: FSM)

Number of Hedge Fund Holders: 14

Fortuna Silver Mines Inc. (NYSE: FSM) is a Canadian silver mining company with two operating mines located in Mexico and Peru. The company mainly engages in the production of silver and gold minerals.

In Q2 2021, Fortuna Silver Mines Inc. (NYSE: FSM) posted revenue of $120.5 million, presenting a 170.8% year-over-year growth. The company recorded a net income of $21.5 million, compared with a $5.1 million net loss in the prior-year quarter. The production of silver stood at 1.9 million ounces, up 58% from Q2 2021. In July, Pi Financial upgraded Fortuna Silver Mines Inc. (NYSE: FSM) to ‘Buy’ from Neutral.

As of Q2 2021, 14 hedge funds tracked by Insider Monkey have positions in Fortuna Silver Mines Inc. (NYSE: FSM), worth $21.6 million. The number is up from 12 hedge funds in the previous quarter, with stakes valued at $19.8 million.

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