5 Best Silver Mining Stocks To Invest In Now

In this piece, we will take a look at the five best silver mining stocks to invest in now. If you want to learn more about silver mining stock performance and silver outlook, read 13 Best Silver Mining Stocks To Invest In Now.

5. Southern Copper Corporation (NYSE:SCCO)

Number of Hedge Fund Investors In Q4 2023: 22

Southern Copper Corporation (NYSE:SCCO) is an American company headquartered in Phoenix, Arizona. It’s one of the stronger performing mining stocks on our list since the firm has beaten analyst EPS estimates in three of its four latest quarters. However, the shares are rated Hold on average with an average share price target of $82.03.

During Q4 2023, 22 out of the 933 hedge funds covered by Insider Monkey’s research were Southern Copper Corporation (NYSE:SCCO)’s investors. Ken Fisher’s Fisher Asset Management was the biggest investor through its $288 million stake.

4. Royal Gold, Inc. (NASDAQ:RGLD)

Number of Hedge Fund Investors In Q4 2023: 23

Royal Gold, Inc. (NASDAQ:RGLD) is an American metals streaming company with a presence in North America, Africa, and other continents. The firm scored a win in February 2024 when it was able to extend the life of a Canadian mine and secure a cash flow agreement.

By the end of last year’s fourth quarter, 23 out of the 933 hedge funds profiled by Insider Monkey had bought and owned the firm’s shares. Royal Gold, Inc. (NASDAQ:RGLD)’s largest stakeholder among these is Jean-Marie Eveillard’s First Eagle Investment Management as it owns $443 million worth of shares.

3. BHP Group Limited (NYSE:BHP)

Number of Hedge Fund Investors In Q4 2023: 24

BHP Group Limited (NYSE:BHP) is a global mining company headquartered in Melbourne, Australia. A slowdown in the electric vehicle market and a dam failure in Brazil led to rather shocking news from the firm in February 2024 when it outlined a potential $5.7 billion impairment allowance.

Insider Monkey took a look at 933 hedge fund portfolios for their December quarter of 2023 shareholdings and found that 24 were BHP Group Limited (NYSE:BHP)’s shareholders. Ken Fisher’s Fisher Asset Management owned the biggest stake which was worth $1.3 billion.

2. Wheaton Precious Metals Corp. (NYSE:WPM)

Number of Hedge Fund Investors In Q4 2023: 28

Wheaton Precious Metals Corp. (NYSE:WPM) is a Canadian precious metals mining company headquartered in Vancouver, Canada. The firm’s shares came under pressure in February 2024, as despite an optimistic sales growth forecast, TD Securities downgraded the shares to Hold from Buy and cut the share price target to $51 from $58.

During December 2023, 28 out of the 933 hedge funds tracked by Insider Monkey had bought a stake in the firm. Wheaton Precious Metals Corp. (NYSE:WPM)’s largest hedge fund investor is Jean-Marie Eveillard’s First Eagle Investment Management due to its $1 billion stake.

1. Newmont Corporation (NYSE:NEM)

Number of Hedge Fund Investors In Q4 2023: 53

Newmont Corporation (NYSE:NEM) is an American diversified precious metals mining company with operations in North America, Africa, and other regions. After a blockbuster acquisition season, the firm is now seeking to shore up its balance sheet and plans to sell mines and generate $2 billion to raise cash.

As of Q4 2023 end, 53 out of the 933 hedge funds part of Insider Monkey’s database were Newmont Corporation (NYSE:NEM)’s shareholders. Jean-Marie Eveillard’s First Eagle Investment Management owned the biggest stake which was worth $983 million.

Disclosure: None. You can also take a look at 11 Best Small-Cap Growth Stocks to Invest In and 30 Most Underrated Cities in the US.

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