5 Best Silver Mining Stocks in 2021

Page 5 of 5

1. Pan American Silver Corp. (NASDAQ: PAAS)

Number of Hedge Fund Holders: 24

Pan American Silver Corp. (NASDAQ: PAAS) tops our list of the best silver mining stocks in 2021. It is a Canada-based mining company that operates mines in Mexico, Peru, Argentina, and Bolivia. The company provides exposure to silver through one of the world’s largest silver reserves and also offers catalysts to grow silver production. Pan American Silver Corp. (NASDAQ: PAAS) has mineral reserves totaling over 550 million ounces of silver.

In Q2 2021, Pan American Silver Corp. (NASDAQ: PAAS) posted revenue of $382.1 million, up from $249.5 million during the same period last year. The company reported an EPS of $0.22, missing the estimates by $0.11. Pan American Silver Corp. (NASDAQ: PAAS) produced 4.5 million ounces of silver in the second quarter, compared with 2.8 million ounces in the prior-year quarter. On August 10, the company’s board increased the dividend by 43% at $0.10 per share. Recently, BMO Capital gave an ‘Outperform’ rating to Pan American Silver Corp. (NASDAQ: PAAS), with a $38 price target.

As of Q2 2021, 24 hedge funds have positions in Pan American Silver Corp. (NASDAQ: PAAS), worth $312.4 million. Slate Path Capital is the company’s leading shareholder, with shares worth $98.5 million.

You can also take a look at Top 20 Gold Mining Companies and 15 Biggest Mining Companies In The World.

Page 5 of 5