5 Best Silver Stocks To Buy Right Now

4. Hecla Mining Co (NYSE:HL)

No of HFs: 17

Total Value of HF Holdings: $43 Million

Hecla Mining Co is the largest primary silver producer in the US with operating mines located in North America. The company is well known for its Silver Valley located in Idaho, which has the second-largest deposits of silver in the country.

The top hedge fund holder is Jim Simon’s Renaissance Technologies with more than $14 million invested in the stock at the end of September.

During the third quarter  Hecla reported cash and cash equivalents of approximately $97 million. The strong operating performance was from an increase in silver production and managing all mines during the recent pandemic. Phillips S. Baker, Js. President and CEO said

“This operating performance combined with higher silver prices allowed us to close the quarter with $97 million of cash and cash equivalents while fully repaying our revolving credit facility. Given our free cash flow generation, we expect to spend about $5 million more in exploration, and based on our realized silver price for the quarter being above $25, we expect the silver-linked dividend to be triggered.”