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Best Precious Metal Stocks to Buy Now (2023)

Top precious metal stocks in 2023 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 24 points higher than the precious metal industry average of 16. It passed 13 out of 33 due diligence checks and has average fundamentals. Hycroft Mining Holding has seen its stock lose -72.14% over the past year, underperforming other precious metal stocks by -47 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.

Platinum Group Metals (NYSEMKT:PLG) is the second best precious metal stock with a Zen Score of 24, which is 8 points higher than the precious metal industry average of 16. It passed 7 out of 33 due diligence checks and has weak fundamentals. Platinum Group Metals has seen its stock lose -39.73% over the past year, underperforming other precious metal stocks by -15 percentage points.

Gold Royalty (NYSEMKT:GROY) is the third best precious metal stock with a Zen Score of 23, which is 7 points higher than the precious metal industry average of 16. It passed 10 out of 38 due diligence checks and has weak fundamentals. Gold Royalty has seen its stock lose -46.45% over the past year, underperforming other precious metal stocks by -21 percentage points.

Gold Royalty has an average 1 year price target of $5.83, an upside of 176.45% from Gold Royalty's current stock price of $2.11.

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

Out of 1 precious metal stocks that have issued dividends in the past year, the 1 precious metal stocks with the highest dividend yields are:

Buenaventura Mining Co (NYSE:BVN) has an annual dividend yield of 0.89%, which is the same as the precious metal industry average of 0.92%. 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 2.73% in the last day, and up 3.98% 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:

Hycroft Mining Holding (NASDAQ:HYMC) is the most undervalued precious metal stock based on WallStreetZen's Valuation Score. Hycroft Mining Holding has a valuation score of 43, which is 32 points higher than the precious metal industry average of 11. It passed 3 out of 7 valuation due diligence checks.

Hycroft Mining Holding's stock has dropped -72.14% in the past year. It has underperformed other stocks in the precious metal industry by -47 percentage points.

Gold Royalty (NYSEMKT:GROY) is the second most undervalued precious metal stock based on WallStreetZen's Valuation Score. Gold Royalty has a valuation score of 14, which is 3 points higher than the precious metal industry average of 11. It passed 1 out of 7 valuation due diligence checks.

Gold Royalty's stock has dropped -46.45% in the past year. It has underperformed other stocks in the precious metal industry by -21 percentage points.

Buenaventura Mining Co (NYSE:BVN) is the third most undervalued precious metal stock based on WallStreetZen's Valuation Score. Buenaventura Mining Co has a valuation score of 14, which is 3 points higher than the precious metal industry average of 11. It passed 1 out of 7 valuation due diligence checks.

Buenaventura Mining Co's stock has dropped -19.45% in the past year. It has overperformed other stocks in the precious metal industry by 6 percentage points.