5 Best Silver Mining Stocks in 2021

4. Yamana Gold Inc. (NYSE: AUY)

Number of Hedge Fund Holders: 16

Yamana Gold Inc. (NYSE: AUY) is a Canada-based mining company that mainly produces gold and silver. The company has several development stage properties, exploration, and land properties throughout America, Canada, Brazil, Chile, and Argentina. It ranks fourth on our list of the the best silver mining stocks in 2021.

In Q2 2021, Yamana Gold Inc. (NYSE: AUY) posted an EPS of $0.07, beating the market consensus by $0.01. The consolidated revenue presented a 44.2% year-over-year growth at $437.4 million. Yamana Gold Inc. (NYSE: AUY) reported 1.63 million ounces of silver production in the second quarter. Recently, Canaccord analyst Carey MacRury lifted the firm’s price target on Yamana Gold Inc. (NYSE: AUY) to C$9.50, with a ‘Buy’ rating on the shares. The stock has soared 8.77% in the past six months.

As of Q2 2021, 16 hedge funds tracked by Insider Monkey have positions in Yamana Gold Inc. (NYSE: AUY), worth $129.4 million. With over 12.8 million shares, worth $54.04 million, Jim Simons’ Renaissance Technologies is the company’s largest shareholder.