In this article, we will discuss the 10 Best Junior Silver Mining Stocks to Buy According to Analysts.
Silver not only plays a key role in the global industry, it is also considered an investment asset. Although gold is considered a top alternative investment, silver is much more significant due to its multifaceted usage. It is used for various purposes, including but not limited to solar panels, and electric vehicles. Silver’s position has strengthened even more in 2025 due to elevated industrial demand, economic uncertainty, and changes in monetary policies.
During the previous year, silver saw a steady increase in its price, going above $30 per ounce for the first time since 2011. Analysts are closely following the key resistance zones that could trigger breakouts looking at $37 and even $40 per ounce in bullish cases, according to Dukascopy. This increase is driven by multiple macroeconomic factors, including inflation, geopolitical instability, and a global financial easing cycle, making silver an attractive asset to hold. With a weakening U.S. dollar and falling interest rates, investors’ interest in non-yielding assets like silver has increased.
Furthermore, silver’s uses in the industry have multiplied, causing its demand to increase. It is projected that silver will reach a record high in 2025, as per the Silver Institute, with a demand of over 700 million ounces by the industry. A major portion of the demand can be attributed to solar panel production, where silver’s high conductivity grants it a unique place in photovoltaic cells. Moreover, the expansion of electric vehicles, artificial intelligence, as well as consumer electronics further solidified the demand for silver.
On the other hand, supply-related concerns are a growing issue. Consecutively, for the fifth year, the silver market is expected to be in deficit despite an expected 2% increase in production, as reported in Global Newswire. Top producers and companies are looking to meet the increasing demand. Further complications arise from worldwide trade tensions. With a new government in the U.S. and its aggressive tariff policies, fears of a new trade war loom. Although this creates risks, it also presents opportunities to those who understand the market dynamics of silver.
With this, let us take a look into the 10 Best Junior Silver Mining Stocks to Buy According to Analysts.
Aerial shot of a mine entrance, the bedrock of the company’s gold and silver extraction.
Methodology
To compile our list of the 10 Best Junior Silver Mining Stocks to Buy According to Analysts, we selected top junior mining companies with significant exposure to silver exploration and production. We prioritized companies with strong market capitalizations and evaluated hedge fund sentiment to ensure investor confidence in these stocks. To assess hedge fund interest, we looked into the hedge funds holding stakes in these stocks, as of Q4 2024, with data fetched from Insider Monkey’s extensive hedge fund database, which tracks over 1,000 hedge funds. Finally, we ranked the stocks based on their upside potential.
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10. Kinross Gold Corporation (NYSE:KGC)
Average Upside Potential: 7%
Number of Hedge Fund Holders: 39
Kinross Gold Corporation (NYSE:KGC) is a Canadian company with a diverse portfolio and mining assets across North and South America and a growing presence in silver. The company’s quarterly production stood at 501,000 ounces, while full-year production reached 2.13 million ounces. On the other hand, the average realized price of $23 per ounce of silver drove silver revenue during the quarter.
The company’s Silver production is primarily driven by La Coipa, which faced issues due to lower grades. However, the company remains focused on improving mill efficiency to bolster production. It also moved forward with key projects, including expansions at Round Mountain and the Great Bear Project. These efforts have strengthened the company’s long-term production capabilities.
Moreover, Kinross Gold Corporation (NYSE:KGC) has worked to stabilize its financial position by fully paying off its $1 billion term loan, decreasing its net debt to $300 million. The company maintains total liquidity of $2.3 billion, providing flexibility for potential shareholder returns with management hinting at a possible buyback later this year.
In line with its financial position, Kinross Gold Corporation (NYSE:KGC)’s stock has increased by 12.35% year to date, reflecting investor confidence in the company’s strategic decisions. While it holds a strong position, it faces concerns such as the expected lower grade at Tasiast, which could impact production in 2025. However, regulatory approvals for the Great Bear Project will enhance the company’s long-term growth potential. With a strong financial position, ongoing silver production, and key strategic decisions, Kinross Gold Corporation (NYSE:KGC) is a strong junior silver mining stock to invest in.
9. Wheaton Precious Metals Corp. (NYSE:WPM)
Average Upside Potential: 9.96%
Number of Hedge Fund Holders: 36
Wheaton Precious Metals Corp. (NYSE:WPM) is one of the top metals streaming companies with operations across North America, South America, and Europe. The company deals with multiple metals, but silver contributes significantly to its revenue and long-term growth strategy.
The company reported operating cash flows of $254 million for Q3 ended September 30, 2024. Furthermore, its production for silver was higher than expected, reaching 20.7 million ounces during the year, compared to the forecasted 18.5 to 20.5 million ounces. This growth was primarily driven by higher-than-expected grades at Salobo and Constancia. In 2025, Wheaton Precious Metals Corp. (NYSE:WPM) projects production between 20.5 and 22.5 million ounces, supported by expected growth at Antamina and the initiation of projects like Blackwater and Goose.
Wheaton Precious Metals Corp. (NYSE:WPM) continues to expand its streaming portfolio strategically with a $100 million expansion at Rio2’s Phoenix project and a $625 million gold streaming agreement at Montage’s Kona project. These investments strengthen its project pipeline, supporting the projected 40% increase in production by 2029 to 870,000 gold equivalent ounces (GEOs). The company holds a strong financial position with $700 million in cash and $2 billion in undrawn credit, providing ample flexibility for investments. Investor confidence remains high, with its stock rising 19.05% year-to-date, reflecting strong production growth and strategic investments.
However, the company still faces challenges due to lower grades at Peñasquito and Pampacancha. This decline can impact the short-term production of silver by Wheaton Precious Metals Corp. (NYSE:WPM). Regardless, with strategic capital allocation, rising silver prices, and a robust project pipeline, the company remains a top pick among the best junior silver mining stocks to buy.
8. Pan American Silver Corp. (NYSE:PAAS)
Average Upside Potential: 12.80%
Number of Hedge Fund Holders: 35
Pan American Silver Corp. (NYSE:PAAS) is a top silver mining company with operations in North and South America. The company solidified its position in the industry with the complete integration of Yamana-acquired mines. These mines contributed to an all-time high Q4 revenue of $815.1 million and full-year revenue of $2.8 billion. These results were driven by strong silver and gold production, along with favorable metal prices. Output for silver reached 21.1 million ounces, and gold production hit a record 892,000 ounces. However, the all-in-sustaining cost of silver was higher than expected, at $18.98 per ounce.
Capitalizing on its momentum, Pan American Silver Corp. (NYSE:PAAS) made key operational leaps in 2024, with the completion of infrastructural upgrades at Huaron and Timmins for long-term efficiency and the installation of a new ventilation system at La Colorada, which increased throughput and reduced costs. The company expects silver production to be between 20 and 21 million ounces in 2025, while the AISC is forecasted to remain between $16.25 and $18.25 per ounce.
Investor interest remains keen in light of key strategic improvements and efficient cash management. The company’s stock has also improved by 14.55% in 2025, indicating strong potential.
However, Pan American Silver Corp. (NYSE:PAAS) still faces challenges as production at the Dolores mine is expected to decline through 2026, transitioning to residual leaching. Moreover, the Escobal mine in Guatemala remains closed and is still under consultation. The company, with $1.6 billion in liquidity, is well-positioned to overcome these concerns and keep its focus on efficiency and cost-cutting. Pan American Silver Corp.’s (NYSE:PAAS) rising margins and operational advancements have solidified its position among the 10 Best Junior Silver Mining Stocks to Buy According to Analysts.
7. Triple Flag Precious Metals Corp. (NYSE:TFPM)
Average Upside Potential: 13%
Number of Hedge Fund Folders: 18
Triple Flag Precious Metals Corp. (NYSE:TFPM) is one of the top royalty and streaming companies. The company holds 235 assets, with operations spanning the Americas and Australia. The company has continued to expand its production and cash flow in light of strong metal prices and efficient capital management.
Triple Flag Precious Metals Corp. (NYSE:TFPM) recorded production of 113,000 gold equivalent ounces (GEOs) in 2024, marking its eighth year of growth. Silver remains one of the top revenue-generating streams for the company, with contributions from Cerro Lindo and La Colorada. Cerro Lindo recorded a 24% increase year-on-year in GEOs, driven by higher grades and improved plant efficiency. Camino Rojo delivered 137,000 ounces of GEOs, exceeding expectations and strengthening the company’s position in the sector.
Triple Flag Precious Metals Corp. (NYSE:TFPM) has solid financials as it reported an operating cash flow of $214 million. The company also increased its dividend by 5%, marking its third consecutive increase. It returned around $9 million to its shareholders through buybacks. With no debt and over $700 million in liquidity, the company is positioned for growth and has its shareholders’ confidence.
Moreover, the company aims to increase its high-quality assets as part of its strategy. It recently acquired a royalty interest amounting to $28 million in the Tres Quebradas lithium project. While Triple Flag Precious Metals Corp. (NYSE:TFPM) is focused on gold and silver royalties and streaming, this acquisition provides the company with exposure to a long-life, well-capitalized asset, strengthening its portfolio.
Triple Flag Precious Metals Corp. (NYSE:TFPM) expects to receive GEOs between 105,000 and 115,000 in 2025, with a long-term goal of 145,000 GEOs by 2029. Given these factors, the company holds a strong position in the sector.
6. Royal Gold Inc. (NASDAQ:RGLD)
Average Upside Potential: 14%
Number of Hedge Fund Holders: 42
Royal Gold Inc. (NASDAQ:RGLD) is a metals streaming and royalty company with a diverse portfolio across the Americas, Africa, and Australia. The company derives its revenue by acquiring royalty and streaming interests in projects of gold, silver, and base metals. Hence, the company benefits from strong metal prices without the operational hazards attributed to mining.
The company recorded revenue of $719 million in 2024, which is a 19% increase compared to the previous year. Its operating cash flow also increased by 27% to $530 million. Royal Gold Inc.’s (NASDAQ:RGLD) earnings touched $332 million, which is a 39% increase when compared to 2023. Silver makes up a sizable portion of its revenue, with the company receiving 478,900 ounces of silver through its streaming agreements, contributing significantly to its total metal sales. The company, by year-end, held around 338,400 ounces of silver, positioning it well for future revenue given strong silver prices.
However, Royal Gold Inc. (NASDAQ:RGLD) faces challenges due to lower silver deliveries from its Pueblo Viejo stream. On the other hand, the company has maintained stable production numbers, with total gold equivalent ounces (GEOs) sold at 46,900 in Q4 2024. Royal Gold’s average realized silver price of $31.65 created a favorable environment for pricing. Revenue from silver remains key to the overall performance of the company as it continues to make use of its extensive streaming and royalty agreements.
Royal Gold Inc. (NASDAQ:RGLD) remains focused on strategic growth and efficient capital allocation. This is reflected through paying off its entire debt by 2024 end and its healthy liquidity, which reached $1.2 billion. Its stock has increased by 12.32% year-to-date, which is a result of its strong fundamentals as well as strong prices of gold and silver. Analysts have forecasted a 14% upside, which is a source of investor confidence. The company continues to expand its portfolio and optimize its existing streams, making it a compelling investment in this sector.
5. Newmont Corporation (NYSE:NEM)
Average Upside Potential: 21.66%
Number of Hedge Fund Holders: 69
Top-tier global mining company, Newmont Corporation (NYSE:NEM) continues to solidify its position with a diverse portfolio encompassing gold, copper, silver, zinc, and lead. With its headquarters in Denver, Colorado, the company has been streamlining its asset base to maximize long-term value creation through operation efficiency and strategic portfolio management.
Newmont Corporation (NYSE:NEM) concluded its fourth quarter, which ended December 31, 2024, by recording an annual production output of 6.8 million ounces of gold and surpassing 150,000 tons of copper. Backed by its significant assets such as Peñasquito in Mexico, Cerro Negro in Argentina, and Brucejack in Canada, silver continues to play a vital role in its operations. The company’s flagship polymetallic mine, Peñasquito, contributes 312.6 million ounces of silver reserves to Newmont’s total silver reserves of 530 million ounces. Peñasquito is anticipated to record growth in production for silver, lead, and zinc due to the upgradation of mining operations at the Chile Colorado pit in 2026, further bolstering the company’s productivity for the years to come.
Newmont Corporation (NYSE:NEM) has liquidated six non-core operations yielding up to $4.3 billion in pre-tax proceeds, strengthening its focus on Tier 1 assets. These steps boosted the company’s balance sheet, allowing it to end 2024 with $3.6 billion in cash and $7.7 billion in total liquidity. Its outstanding financial and strategic position is demonstrated by an increase of 14.78% in its shares, year-to-date. By ensuring lasting sustainability and development across its key mining jurisdictions, Newmont continues to stay committed to disciplined capital allocation.
Newmont Corporation (NYSE:NEM) is forecasted to optimize its gold and silver production while ensuring cost discipline and developing key projects at Peñasquito and Tanami. The company remains a compelling investment in the silver industry due to its improving financial position, strong asset base, and ongoing expansion efforts.
4. Osisko Gold Royalties Ltd (NYSE:OR)
Average Upside Potential: 26%
Number of Hedge Fund Holders: 17
Through a diversified portfolio of royalties and streaming agreements, Osisko Gold Royalties Ltd (NYSE:OR) continues to strengthen its position in the precious metals sector. Silver plays a significant role in parallel with its core gold operations, as the company directs attention to securing cash flow from long-life assets.
In 2024, with core assets such as Gibraltar and Mantos Blancos scaling up production, silver contributed to 27% of Osisko’s total GEOs. By amplifying its attributable silver percentage to 100% through a revised streaming agreement, the company has enhanced its silver exposure at the Gibraltar copper mine.
A crucial asset in Osisko Gold Royalties Ltd (NYSE:OR)’s silver portfolio that continues to play a major role is Mantos Blancos. In early 2024, the mine had experienced operational hurdles. Since then, it has steadied at its Phase 1 throughput capacity of 20,000 tons per day. As per the company’s guidance of a back-half weighted output year, higher silver grades are expected only in the second half of 2025. By year-end, a feasibility analysis of the Phase 2 expansion is expected, which may further increase silver production.
By capitalizing on robust performance at the Canadian Malartic Mine and rising silver contributions, in 2024 Osisko Gold Royalties Ltd (NYSE:OR) achieved a historical annual revenue of $191.2 million. By declaring its 41st consecutive quarterly dividend of $0.065 per share (payable on April 15, 2025), the company upholds its obligations to shareholder returns and a high cash margin of 96%.
In 2025, as silver plays a pivotal role in the company’s long-term growth, it is estimated to supply 80,000 to 88,000 GEOs. Its continued success in remaining well-positioned in the precious metals sector makes it a great pick for junior silver stocks to invest in.
3. Hecla Mining Company (NYSE:HL)
Average Upside Potential: 46%
Number of Hedge Fund Holders: 27
With a robust portfolio of top-tier, long-lived mines, Hecla Mining Company (NYSE:HL) is the largest silver producer in the United States. Contributing to Hecla’s influential lead in the silver industry, its operations are anchored by its flagship Greens Creek mine in Alaska, Lucky Friday in Idaho, and Keno Hill in Canada. Hecla retains its position as a key player in the sector due to its continuous production growth and substantial silver reserves.
Driven by rising metal prices, Hecla Mining Company (NYSE:HL) achieved silver production of 16.2 million ounces, the second-highest in its history, as of the fourth quarter ended December 31, 2024. The company achieved record revenues of $929.9 million and adjusted EBITDA of $337.9 million, despite missing analysts’ earnings forecasts with a basic income of $0.06 per share versus the expected $0.11.
In 2024, Greens Creek generated 8.5 million ounces of silver, positioning itself as the company’s key asset. In the fourth quarter, due to equipment difficulties, the company encountered marginal setbacks, but it is forecasted to regain equilibrium by 2025. Lucky Friday set a production record by yielding 4.9 million ounces of silver owing to its strong operational performance. However, a trend that is forecasted to persist into 2025 is higher all-in-sustaining costs.
While struggling to navigate hurdles such as ramp-up challenges, power constraints, and permitting delays, Hecla Mining Company (NYSE:HL)’s primary growth project, Keno Hill, yielded 2.8 million ounces of silver. Developing a strategy to increase throughput to 440 tons per day by 2026, the company maintains its commitment to securing sustainable output levels at the site. Simultaneously, Hecla bolstered its long-term growth potential by expanding its silver reserve to 240 million ounces.
Hecla Mining Company (NYSE:HL) made a pivotal move to terminate its silver-linked dividend, despite its strong operational performance. At Keno Hill specifically, the company plans to invest in organic growth prospects. This step is well integrated with its core focus on stakeholder engagement, innovation, and capital discipline.
The stock remains a compelling option among silver mining equities as analysts forecast a 46% upside. Hence, Hecla Mining serves as a top choice in the Ten Best Junior Silver Mining Stocks to Buy.
2. Coeur Mining, Inc. (NYSE:CDE)
Average Upside Potential: 64.90%
Number of Hedge Fund Holders: 37
Coeur Mining, Inc. (NYSE:CDE) produces precious metals with its operations in the U.S., Canada and Mexico. The company is involved in the exploration of gold, silver, zinc, and lead, selling its concentrates through third-party agreements. The company, founded in 1928 and headquartered in Chicago, Illinois, is looking to strategically expand its silver portfolio to strengthen its position in the market.
Coeur Mining, Inc. (NYSE:CDE) reported a free cash flow of $85 million in 2024 and a decrease of $80 million in its debt. Adjusted EBITDA more than doubled to $339 million, adding to its financial strength. The company expects to break records in 2025 with production targets of silver at 18 million ounces, and gold at 400,000, which is a 62% and 20% increase in its growth, respectively. Moreover, the Rochester expansion played a key role in increasing its silver production by 34% and its gold production by 63% in Q4 2024. Now that the expansion is fully realized, Coeur Mining, Inc. (NYSE:CDE) is expecting a 75% year-on-year increase in its silver production reaching somewhere between 7 and 8.3 million ounces.
Coeur’s major Mexican mine, Palmarejo, continues to perform strongly with free cash flow generation of $108 million, which is a seven-year high. The mine’s life has been extended due to a 75% increase in inferred resources. The company also expects stable production from Kensington and Wharf, adding to the overall stability in output. Its recent acquisition of SilverCrest Metals has enhanced the company’s silver portfolio, adding the high-grade Las Chispas asset to its portfolio. The company looks to benefit from this acquisition as it enhances overall reserve grade, positioning it to benefit from rising silver prices.
Moreover, Coeur Mining, Inc. (NYSE:CDE) is also looking to expand its Silvertip project, situated in British Columbia, completing a $12 million exploration project in 2024. Coeur’s position is strengthened as a future high-quality producer, with its drilling results doubling the strike length of the Southern Silver Zone, and identifying three new large targets. The company is in a strong position for 2025 with increasing silver production, strategic assets, and exploration success. Analysts have projected a 64.90% upside for the stock, making this stock a top choice.
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.
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