5 Best Silver Mining Stocks To Buy Now

In this article, we discuss the 5 best silver mining stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to 12 Best Silver Mining Stocks To Buy Now.

5. Hecla Mining Company (NYSE:HL)

Number of Hedge Fund Holders: 17    

Hecla Mining Company (NYSE:HL) discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company has the largest silver reserve in the United States. In mid-February, the firm announced that the silver reserve had climbed to more than 240 million oz. The firm revealed that measured and indicated silver and gold resources increased 6% with the inclusion of the Keno Hill mine in Canada. The mine added nearly 50 million silver oz to the reserves. 

On February 16, Canaccord analyst Dalton Baretto maintained a Buy rating on Hecla Mining Company (NYSE:HL) stock and lowered the price target to $6.25 from $7.25, noting that silver production guidance for the coming months was in line with estimates, while costs came in better than estimates. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Driehaus Capital is a leading shareholder in Hecla Mining Company (NYSE:HL) with 4.7 million shares worth more than $26 million. 

At the end of the fourth quarter of 2022, 17 hedge funds in the database of Insider Monkey held stakes worth $69 million in Hecla Mining Company (NYSE:HL), the same as in the previous quarter worth $55 million.