5 Best Silver Mining Stocks To Buy Today

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

Number of Hedge Fund Holders: 14

With its origins in the United States, Coeur Mining, Inc. (NYSE:CDE) is a blooming global precious metals producer which is engaged in the business of development, exploration, and extraction of precious metals, including Silver, Gold, lead, and zinc. The company has five operations segments: Palmarejo, Kensington, Silvertip mines, Rochester, and Wharf.

The company recently announced the sale of its interest in Crown and Sterling projects in Nevada at a cash consideration of $150 million and a deferred cash payment of $50 million, which it will utilize for the expansion of the Rochester mine in northern Nevada. The company’s stock has performed well in October and is up 16.5% since the start of this month as of October 20, 2022. Coeur Mining, Inc. (NYSE:CDE) has a strong liquidity position and has sufficient capital available as it continues to implement its expansion plans, which will drive earnings growth in the future.

At the end of Q2 2022, D E Shaw came out to be the fund with the largest holding in the company. The fund owned 5,363,437 shares of Coeur Mining, Inc. (NYSE:CDE) with an investment value of over $16 million in the company. As per Insider’s Monkey database, 14 hedge funds owned stakes in Coeur Mining, Inc. (NYSE:CDE) at the end of the second quarter.