10 Best Junior Silver Mining Stocks to Buy According to Analysts

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1. Hudbay Minerals Inc. (NYSE:HBM)

Average Upside Potential: 89%

Number of Hedge Fund Holders: 39

Hudbay Minerals Inc. (NYSE:HBM) is a mining company with operations spanning across North and South America. The company produces gold concentrates containing zinc, and copper concentrates containing gold, silver, and molybdenum. Its leading project is its Constancia mine in Peru, which drives production growth, with a key contribution to its gold output by its Snow Lake operations in Manitoba.

The company reported its financials for the year ended 31 December 2024, highlighting revenue of $2.02 billion and adjusted EBITDA of $822.5 million. Overall, silver production was 3.98 million ounces, an increase of 11% when compared with the previous year. This was driven by higher-grade silver at Pampacancha in Peru. On the other hand, Manitoba operations produced silver around 995,090 ounces, which is a 17% year-on-year uptick. Even with operational concerns, Hudbay Minerals Inc. (NYSE:HBM) was able to meet its production and cost forecasts for the year.

Looking ahead, the company has forecasted its silver production to be around 3.55 million ounces in 2025. The company’s drilling project at the 1901 deposit in Snow Lake and other exploration efforts supplement the company’s long-term output growth. Moreover, its Copper World project in Arizona remains a major development opportunity with the potential to increase its copper output by over 50%.

The company holds a strong balance sheet and has made significant operational advancements with strategic growth initiatives, positioning it well for success in 2025.

Overall, Hudbay Minerals Inc. (NYSE:HBM) ranks first on our list of the 10 Best Junior Silver Mining Stocks to Buy According to Analysts. While we acknowledge the potential of HBM, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HBM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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