5 Best Silver Mining Stocks To Buy Today

3. Hecla Mining Company (NYSE:HL)

Number of Hedge Fund Holders: 16

Hecla Mining is engaged in the business of mining essential precious metals since 1981. The company has ownership and stakes in mines across Alaska, Idaho, Quebec, Canada, and Yukon Territory. The company also has exploration complexes in key silver and gold mining regions across North America.

Hecla Mining Company (NYSE:HL) remains the biggest silver mining company operating in the US and accounts for approximately a third of all the silver produced in the USA. The management continues to execute on its strategic plans, and earlier in September, the company completed the acquisition of Alexco Resource Corp. The company has increased its silver production by over 25% during the past decade and is on the path to becoming the largest silver producer in Canada.

Hecla mining’s stock has been performing well after the company increased its full-year guidance of silver production to 13.6 million – 14.1 million oz and gold output in the range of 519K-536K oz. The company also pays dividends to investors and has a dividend yield of 0.55%.

As per Insider’s Monkey database, 16 hedge funds had stakes in Hecla Mining Company (NYSE:HL) at the end of the June quarter. Renaissance Technologies was the most bullish fund on the company’s stock, with a total holding of 5,754,710 company stocks at the end of Q2 2022.