5 Best Silver Mining Stocks in 2021

3. Hecla Mining Company (NYSE: HL)

Number of Hedge Fund Holders: 20

Hecla Mining Company (NYSE: HL) ranks third on our list of the best silver mining stocks in 2021. It is an American silver, gold, and other precious metals mining company. The company holds the largest silver reserve in the U.S. and produces a third of the country’s silver. In addition to operating mines, Hecla Mining Company (NYSE: HL) also owns several exploration properties and developmental projects in silver and gold mining districts in North America.

In Q2 2021, Hecla Mining Company (NYSE: HL) produced 3.5 million ounces of silver, showcasing a 4% increase from the prior-year quarter. The company posted revenue of $218 million, up 31% year-over-year and massively driven by silver production. The board of the company also announced a quarterly dividend of $0.01125 per share. In July, Royal Bank of Canada lifted its price target on Hecla Mining Company (NYSE: HL) to $62, with an ‘Outperform’ rating on the shares. The stock is up by 1.25% since the past year.

Of the 873 hedge funds tracked by Insider Monkey, 20 funds have stakes in Hecla Mining Company (NYSE: HL) in Q2 2021, worth $102.3 million. The number is compared with 16 hedge funds in the previous quarter.