5 Best Silver Mining Stocks To Buy Now

1. Newmont Corporation (NYSE:NEM)

Number of Hedge Fund Holders: 50  

Newmont Corporation (NYSE:NEM) is a Colorado-based mining firm that has interests in gold, copper, silver, zinc, and lead. It operates in several countries around the world, including the United States, Canada, Mexico, Peru, Argentina, Australia, and Ghana, among others. The company has an impressive dividend history stretching back more than three decades. In late February, the firm declared a quarterly dividend of $0.40 per share, in line with previous. The forward yield was 3.62%. 

On March 13, investment advisory Canaccord upgraded Newmont Corporation (NYSE:NEM) stock to Buy from Hold and raised the price target to $55 from $53. Analyst Carey MacRury issued the ratings update. 

At the end of the fourth quarter of 2022, 50 hedge funds in the database of Insider Monkey held stakes worth $991 million in Newmont Corporation (NYSE:NEM), compared to 53 in the preceding quarter worth $1 billion. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm First Eagle Investment Management is a leading shareholder in Newmont Corporation (NYSE:NEM) with 18 million shares worth more than $868 million. 

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