5 Best Silver Mining Stocks to Invest In

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

Number of Hedge Fund Holders: 27

Pan American Silver Corp. (NASDAQ: PAAS) explores and extracts silver, gold, zinc, lead, and copper to process and refine the mineral resources in Canada, Mexico, Peru, Argentina, and Bolivia. The stock ranks 3rd on our list of the best silver mining stocks to invest in.

This June, RBC Capital’s Michael Siperco assumed coverage of Pan American Silver Corp. (NASDAQ: PAAS) with a Sector Perform rating and a $36 price target. In May, Pan American Silver Corp. (NASDAQ: PAAS) announced its quarterly dividend of $0.07, with a 0.97% dividend yield, so the stock can be considered a good option for income investors as well. In the first quarter of 2021, Pan American Silver Corp. (NASDAQ: PAAS) had an EPS of $0.18, missing estimates by -$0.11. The company’s revenue was $368.1 million, showcasing a 2.7% increase year over year, and its gross profit margin is 46.36%.

By the end of the first quarter of 2021, 27 hedge funds out of the 866 tracked by Insider Monkey held stakes in Pan American Silver Corp. (NASDAQ: PAAS). The total value of their stakes was roughly $352 million. This is compared to 27 hedge fund holders in the previous quarter with a total stake value of about $466 million.