5 Best Silver Mining Stocks To Buy Today

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

Number of Hedge Fund Holders: 18

Founded in 1994 and headquartered in Canada, Pan American Silver Corp. (NASDAQ:PAAS) is an industrial and precious metals mining company operating in Latin America. It is amongst the largest silver producers in the US. The company owns mines in Canada, Peru, Argentina, Bolivia, and Mexico.

The company recorded a silver production of 4.5 million and a gold output of 128.3K ounces during the second quarter ending in June. On October 14, Don Demarco, an analyst at National Bank, reduced his price target on the company’s stock to C$31.50. The analyst currently has an Outperform rating on the stock.

Pan American Silver Corp. (NASDAQ:PAAS) share performance has been underwhelming in 2022, and the stock has declined by over 34% in the current year as of October 20, 2022. The company remains a market leader in the sector and has a robust balance sheet position, with net cash of $241.26 million. Pan American Silver Corp. (NASDAQ:PAAS) offers an attractive dividend yield of 2.51%.

At the end of the quarter ending June 2022, Slate Path Capital was the leading holder of the company’s stock, with a holding of 3,888,000 shares. As per Insider’s Monkey database, 18 hedge funds owned stakes in Pan American Silver Corp. (NASDAQ:PAAS) at the end of the second quarter.