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Best Precious Metal Stocks to Buy Now (2022)

Top precious metal stocks in 2022 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.

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

Hycroft Mining Holding (NASDAQ:HYMC) is the top precious metal stock with a Zen Score of 40, which is 19 points higher than the precious metal industry average of 21. It passed 13 out of 33 due diligence checks and has average fundamentals. Hycroft Mining Holding has seen its stock lose -59.4% over the past year, underperforming other precious metal stocks by -12 percentage points.

Hycroft Mining Holding stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Hycroft Mining Holding, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Maverix Metals (NYSEMKT:MMX) 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. Maverix Metals has seen its stock lose -25.06% over the past year, overperforming other precious metal stocks by 22 percentage points.

Perpetua Resources (NASDAQ:PPTA) is the third best precious metal stock with a Zen Score of 25, which is 4 points higher than the precious metal industry average of 21. It passed 7 out of 33 due diligence checks and has weak fundamentals. Perpetua Resources has seen its stock lose -59.44% over the past year, underperforming other precious metal stocks by -12 percentage points.

Perpetua Resources has an average 1 year price target of $8.50, an upside of 320.79% from Perpetua Resources's current stock price of $2.02.

Perpetua Resources stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Perpetua Resources, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

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:

Maverix Metals (NYSEMKT:MMX) has an annual dividend yield of 1.49%, which is the same as the precious metal industry average of 1.25%.

Maverix Metals's dividend payout ratio of 80.6% indicates that its dividend yield is sustainable for the long-term.

Gold Royalty (NYSEMKT:GROY) has an annual dividend yield of 1.18%, which is the same as the precious metal industry average of 1.25%.

Gold Royalty's dividend payout ratio of -5.9% indicates that its dividend yield might not be sustainable for the long-term.

Buenaventura Mining Co (NYSE:BVN) has an annual dividend yield of 1.08%, which is the same as the precious metal industry average of 1.25%. Buenaventura Mining Co's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Buenaventura Mining Co's dividend has not shown consistent growth over the last 10 years.

Buenaventura Mining Co's dividend payout ratio of -7% indicates that its dividend yield might not be sustainable for the long-term.

Precious metal stocks were up 2.75% in the last day, and up 7.85% over the last week.

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

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

Maverix Metals (NYSEMKT:MMX) is the most undervalued precious metal stock based on WallStreetZen's Valuation Score. Maverix Metals has a valuation score of 43, which is 29 points higher than the precious metal industry average of 14. It passed 3 out of 7 valuation due diligence checks.

Maverix Metals's stock has dropped -25.06% in the past year. It has overperformed other stocks in the precious metal industry by 22 percentage points.

Gatos Silver (NYSE:GATO) is the second most undervalued precious metal stock based on WallStreetZen's Valuation Score. Gatos Silver has a valuation score of 43, which is 29 points higher than the precious metal industry average of 14. It passed 3 out of 7 valuation due diligence checks.

Gatos Silver's stock has dropped -76.96% in the past year. It has underperformed other stocks in the precious metal industry by -30 percentage points.

Perpetua Resources (NASDAQ:PPTA) is the third most undervalued precious metal stock based on WallStreetZen's Valuation Score. Perpetua Resources has a valuation score of 29, which is 15 points higher than the precious metal industry average of 14. It passed 2 out of 7 valuation due diligence checks.

Perpetua Resources's stock has dropped -59.44% in the past year. It has underperformed other stocks in the precious metal industry by -12 percentage points.