5 Best Mining Penny Stocks to Buy Now

2. SilverCrest Metals Inc. (NYSE:SILV)

Number of Hedge Fund Holders: 12

Canadian-based SilverCrest Metals Inc. (NYSE:SILV) explores for silver and gold properties. As of the end of the second quarter of 2023, 12 hedge funds in Insider Monkey’s database had stakes in SilverCrest Metals Inc. (NYSE:SILV). SilverCrest Metals Inc. (NYSE:SILV) has gained about 3% over the past five days through August 28. SilverCrest Metals Inc. (NYSE:SILV) recently posted second quarter results.

GAAP EPS in the period came in at $0.16 in-line with estimates. Revenue in the quarter jumped 6.9% year over year to $62 million, beating estimates by $11.09 million.