5 Best Silver Mining Stocks To Buy Now

4. Coeur Mining, Inc. (NYSE:CDE)

Number of Hedge Fund Holders: 17

Coeur Mining, Inc. (NYSE:CDE) explores for precious metals in the United States, Canada, and Mexico. It primarily explores for gold, silver, zinc, and lead properties. One of the premier projects of the firm is the Palmarejo gold and silver mine covering an area of approximately 67,279 net acres located in Northern Mexico. On February 22, the firm posted earnings for the fourth quarter of 2022, reporting a revenue of more than $210 million, up over 1% compared to the revenue over the same period last year and beating analyst expectations by $5.2 million. 

On January 19, Canaccord analyst Dalton Baretto upgraded Coeur Mining, Inc. (NYSE:CDE) stock to Hold from Sell and raised the price target to $4 from $3, citing higher precious metal price forecasts as one of the main reasons behind the upgrade. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Coeur Mining, Inc. (NYSE:CDE) with 2.3 million shares worth more than $7.9 million. 

At the end of the fourth quarter of 2022, 17 hedge funds in the database of Insider Monkey held stakes worth $38 million in Coeur Mining, Inc. (NYSE:CDE), up from 14 in the previous quarter worth $41 million.