WallStreetZenWallStreetZen

Sectors & IndustriesBasic MaterialsOther Precious Metals & Mining
Best Precious Metal Stocks to Buy Now (2024)
Top precious metal stocks in 2024 ranked by overall Zen Score. See the best precious metal stocks to buy now, according to analyst forecasts for the other precious metals & mining industry.

Industry: Other Precious Metals & M...
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
SILV
SILVERCREST METALS INC
NYSEMKT
Other Precious Metals & Mining
$1.30B$8.84-3.28%$153.19M10.65x0.08
MUX
MCEWEN MINING INC
NYSE
Other Precious Metals & Mining
$548.79M$11.10-3.31%$112.78M6.73x0.32
BVN
BUENAVENTURA MINING CO INC
NYSE
Other Precious Metals & Mining
$4.53B$17.84-4.45%$182.10M223.00x0.45
VOXR
VOX ROYALTY CORP
NASDAQ
Other Precious Metals & Mining
$112.77M$2.25-2.17%$5.25M225.00x0.17
ASM
AVINO SILVER & GOLD MINES LTD
NYSEMKT
Other Precious Metals & Mining
$132.51M$1.01-4.72%$2.96MN/A0.19
TFPM
TRIPLE FLAG PRECIOUS METALS CORP
NYSE
Other Precious Metals & Mining
$3.49B$17.34-2.58%$110.01M91.26x0.05
GATO
GATOS SILVER INC
NYSE
Other Precious Metals & Mining
$812.19M$11.74-2.09%$15.44M53.36x0.03
GROY
GOLD ROYALTY CORP
NYSEMKT
Other Precious Metals & Mining
$281.56M$1.93-2.53%-$25.95M-11.35x0.33
EXK
ENDEAVOUR SILVER CORP
NYSE
Other Precious Metals & Mining
$901.27M$3.75-4.82%$42.53M-187.50x0.20
PPTA
PERPETUA RESOURCES CORP
NASDAQ
Other Precious Metals & Mining
$394.80M$6.12-3.16%-$17.02M-22.67x0.11
PLG
PLATINUM GROUP METALS LTD
NYSEMKT
Other Precious Metals & Mining
$171.14M$1.67-9.24%-$5.10M-27.83x0.06
ATLX
ATLAS LITHIUM CORP
NASDAQ
Other Precious Metals & Mining
$240.68M$16.26-2.17%-$50.29M-0.04x15.92
NEWP
NEW PACIFIC METALS CORP
NYSEMKT
Other Precious Metals & Mining
$371.62M$2.17-8.82%-$4.52M-74.83x0.01
HL
HECLA MINING CO
NYSE
Other Precious Metals & Mining
$3.73B$5.95-3.72%$133.80M-39.67x0.53
MTA
METALLA ROYALTY & STREAMING LTD
NYSEMKT
Other Precious Metals & Mining
$288.06M$3.15-5.12%-$678.10k-43.15x0.07
ITRG
INTEGRA RESOURCES CORP
NYSEMKT
Other Precious Metals & Mining
$71.56M$0.81-3.92%-$25.68M-2.02x0.81
AUMN
GOLDEN MINERALS CO
NYSEMKT
Other Precious Metals & Mining
$7.20M$0.490.41%-$10.57M-0.53x17.29
SLSR
SOLARIS RESOURCES INC
NYSEMKT
Other Precious Metals & Mining
$529.36M$3.51-7.63%N/AN/A7.21

Precious Metal Stocks FAQ

What are the best precious metal stocks to buy right now in May 2024?

According to Zen Score, the 3 best precious metal stocks to buy right now are:

1. Silvercrest Metals (NYSEMKT:SILV)


Silvercrest Metals (NYSEMKT:SILV) is the top precious metal stock with a Zen Score of 55, which is 34 points higher than the precious metal industry average of 21. It passed 18 out of 33 due diligence checks and has strong fundamentals. Silvercrest Metals has seen its stock return 30.96% over the past year, overperforming other precious metal stocks by 14 percentage points.

Silvercrest Metals has an average 1 year price target of $9.25, an upside of 4.64% from Silvercrest Metals's current stock price of $8.84.

Silvercrest Metals stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Silvercrest Metals, 33.33% have issued a Strong Buy rating, 66.67% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Buenaventura Mining Co (NYSE:BVN)


Buenaventura Mining Co (NYSE:BVN) is the second best precious metal stock with a Zen Score of 33, which is 12 points higher than the precious metal industry average of 21. It passed 13 out of 38 due diligence checks and has average fundamentals. Buenaventura Mining Co has seen its stock return 151.62% over the past year, overperforming other precious metal stocks by 134 percentage points.

Buenaventura Mining Co has an average 1 year price target of $15.65, a downside of -12.28% from Buenaventura Mining Co's current stock price of $17.84.

Buenaventura Mining Co stock has a consensus Sell recommendation according to Wall Street analysts. Of the 2 analysts covering Buenaventura Mining Co, 0% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 50% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Mcewen Mining (NYSE:MUX)


Mcewen Mining (NYSE:MUX) is the third best precious metal stock with a Zen Score of 33, which is 12 points higher than the precious metal industry average of 21. It passed 13 out of 38 due diligence checks and has average fundamentals. Mcewen Mining has seen its stock return 39.8% over the past year, overperforming other precious metal stocks by 22 percentage points.

Mcewen Mining has an average 1 year price target of $13.50, an upside of 21.62% from Mcewen Mining's current stock price of $11.10.

Mcewen Mining stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Mcewen Mining, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the precious metal stocks with highest dividends?

Out of 3 precious metal stocks that have issued dividends in the past year, the 3 precious metal stocks with the highest dividend yields are:

1. Metalla Royalty & Streaming (NYSEMKT:MTA)


Metalla Royalty & Streaming (NYSEMKT:MTA) has an annual dividend yield of 0.72%, which is the same as the precious metal industry average of 0.44%.

Metalla Royalty & Streaming's dividend payout ratio of -31.5% indicates that its dividend yield might not be sustainable for the long-term.

2. Buenaventura Mining Co (NYSE:BVN)


Buenaventura Mining Co (NYSE:BVN) has an annual dividend yield of 0.41%, which is the same as the precious metal industry average of 0.44%. Buenaventura Mining Co's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Buenaventura Mining Co's dividend has shown consistent growth over the last 10 years.

Buenaventura Mining Co's dividend payout ratio of 91.2% indicates that its dividend yield might not be sustainable for the long-term.

3. Hecla Mining Co (NYSE:HL)


Hecla Mining Co (NYSE:HL) has an annual dividend yield of 0.32%, which is the same as the precious metal industry average of 0.44%. Hecla Mining Co's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Hecla Mining Co's dividend has shown consistent growth over the last 10 years.

Hecla Mining Co's dividend payout ratio of -20.7% indicates that its dividend yield might not be sustainable for the long-term.

Why are precious metal stocks down?

Precious metal stocks were down -3.51% in the last day, and up 3.16% over the last week.

We couldn't find a catalyst for why precious metal stocks are down.

What are the most undervalued precious metal stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued precious metal stocks right now are:

1. Silvercrest Metals (NYSEMKT:SILV)


Silvercrest Metals (NYSEMKT:SILV) is the most undervalued precious metal stock based on WallStreetZen's Valuation Score. Silvercrest Metals has a valuation score of 57, which is 47 points higher than the precious metal industry average of 10. It passed 4 out of 7 valuation due diligence checks.

Silvercrest Metals's stock has gained 30.96% in the past year. It has overperformed other stocks in the precious metal industry by 14 percentage points.

2. Mcewen Mining (NYSE:MUX)


Mcewen Mining (NYSE:MUX) is the second most undervalued precious metal stock based on WallStreetZen's Valuation Score. Mcewen Mining has a valuation score of 43, which is 33 points higher than the precious metal industry average of 10. It passed 3 out of 7 valuation due diligence checks.

Mcewen Mining's stock has gained 39.8% in the past year. It has overperformed other stocks in the precious metal industry by 22 percentage points.

3. Gold Royalty (NYSEMKT:GROY)


Gold Royalty (NYSEMKT:GROY) is the third most undervalued precious metal stock based on WallStreetZen's Valuation Score. Gold Royalty has a valuation score of 14, which is 4 points higher than the precious metal industry average of 10. It passed 1 out of 7 valuation due diligence checks.

Gold Royalty's stock has dropped -7.21% in the past year. It has underperformed other stocks in the precious metal industry by -25 percentage points.

Are precious metal stocks a good buy now?

53.85% of precious metal stocks rated by analysts are a strong buy right now. On average, analysts expect precious metal stocks to rise by 43.4% over the next year.

What is the average p/e ratio of the other precious metals & mining industry?

The average P/E ratio of the other precious metals & mining industry is 58.12x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.