5 Best Silver Mining Stocks to Invest In

2. Wheaton Precious Metals Corp. (NYSE: WPM)

Number of Hedge Fund Holders: 28

Wheaton Precious Metals Corp. (NYSE: WPM) sells precious metals in Canada and internationally. It deals with silver, gold, palladium, and cobalt deposits, and ranks 2nd on our list of the best silver mining stocks to invest in.

This May, National Bank raised the price target for Wheaton Precious Metals Corp. (NYSE: WPM) to $60.31, while retaining its Outperform rating on the stock. Wheaton Precious Metals Corp. (NYSE: WPM) has also gained in light of Q1 adjusted earnings rising from the previous year’s value, and the company also generated about $232 million in operating cash flow in the first quarter. Wheaton Precious Metals Corp. (NYSE: WPM) increased its dividend to $0.14 with a 1.25% yield currently, making it a good choice for income investors. In the first quarter of 2021, Wheaton Precious Metals Corp. (NYSE: WPM) had an EPS of $0.36, higher than the previous quarter’s EPS of $0.33. The company’s revenue was $324.12 million, up 27.21% year over year and also surpassing the $286.21 million revenue value from the previous quarter. The company has a gross profit margin of 76.09% and the stock has gained 0.9% in the past year.

By the end of the first quarter of 2021, 28 hedge funds out of the 866 tracked by Insider Monkey held stakes in Wheaton Precious Metals Corp. (NYSE: WPM). The total value of their stakes was roughly $439 million. This is compared to 34 hedge fund holders in the previous quarter with a total stake value of about $755 million.