10 Best Silver Mining Stocks to Buy Right Now

3) Coeur Mining, Inc. (NYSE:CDE)

Average Upside Potential: 33.1%

Number of Hedge Fund Holders: 28

Coeur Mining, Inc. (NYSE:CDE) explores precious metals in the US, Canada, and Mexico. It mainly explores gold, silver, zinc, and lead properties.

Coeur Mining, Inc. (NYSE:CDE)’s long-term strategic growth objectives should stem from the recent acquisition by its wholly-owned subsidiary of SilverCrest Metals Inc. The acquisition is expected to close in Q1 2025 and should materially enhance Coeur Mining, Inc. (NYSE:CDE)’s cost and cash flow profile and immediately accelerate its balance sheet de-leveraging initiative.

During Q3 2024, the company reduced its outstanding revolving credit facility balance by $50 million to $225 million, resulting in a total liquidity of $222 million, which includes $77 million of cash, and a net debt to EBITDA ratio below 2.0x for the first time in 3 years.

Along with Coeur Mining, Inc. (NYSE:CDE)’s growing silver production from the recently expanded Rochester mine in Nevada and Palmarejo underground mine in northern Mexico, the addition of Las Chispas should result in peer-leading 2025 silver production of ~21 million ounces from 5 North American operations, with ~56% of revenue generated from the US-based mines and ~40% of revenue from silver. Apart from the peer-leading silver production, the combined company is projected to produce ~432,000 ounces of gold next year.

Coeur Mining, Inc. (NYSE:CDE) also added that the combined company will generate ~$700 million of EBITDA  and $350 million of FCF in 2025 at lower overall costs and increase the overall margins. BMO Capital Markets upped the price objective on the shares of Coeur Mining, Inc. (NYSE:CDE) from $7.50 to $8.00, giving an “Outperform” rating on 23^rd September.