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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.

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

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 25.5% over the past year, overperforming other precious metal stocks by 40 percentage points.

Silvercrest Metals has an average 1 year price target of $8.25, an upside of 0.98% from Silvercrest Metals's current stock price of $8.17.

Silvercrest Metals stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Silvercrest Metals, 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.

Buenaventura Mining Co (NYSE:BVN) is the second best precious metal stock with a Zen Score of 49, which is 28 points higher than the precious metal industry average of 21. It passed 18 out of 38 due diligence checks and has strong fundamentals. Buenaventura Mining Co has seen its stock return 146.79% over the past year, overperforming other precious metal stocks by 161 percentage points.

Buenaventura Mining Co has an average 1 year price target of $16.30, a downside of -5.78% from Buenaventura Mining Co's current stock price of $17.30.

Buenaventura Mining Co stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Buenaventura Mining Co, 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.

Endeavour Silver (NYSE:EXK) is the third best precious metal stock with a Zen Score of 34, which is 13 points higher than the precious metal industry average of 21. It passed 11 out of 33 due diligence checks and has average fundamentals. Endeavour Silver has seen its stock lose -33.59% over the past year, underperforming other precious metal stocks by -19 percentage points.

Endeavour Silver has an average 1 year price target of $5.50, an upside of 109.13% from Endeavour Silver's current stock price of $2.63.

Endeavour Silver stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Endeavour Silver, 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:

Metalla Royalty & Streaming (NYSEMKT:MTA) has an annual dividend yield of 0.76%, which is the same as the precious metal industry average of 0.51%.

Metalla Royalty & Streaming's dividend payout ratio of -28.4% indicates that its dividend yield might not be sustainable for the long-term.

Hecla Mining Co (NYSE:HL) has an annual dividend yield of 0.53%, which is the same as the precious metal industry average of 0.51%. 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 -22.1% indicates that its dividend yield might not be sustainable for the long-term.

Buenaventura Mining Co (NYSE:BVN) has an annual dividend yield of 0.42%, which is the same as the precious metal industry average of 0.51%. 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 3.1% indicates that its dividend yield is sustainable for the long-term.

Precious metal stocks were down -3.91% in the last day, and up 0.89% over the last week.

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

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

Buenaventura Mining Co (NYSE:BVN) is the most undervalued precious metal stock based on WallStreetZen's Valuation Score. Buenaventura Mining Co has a valuation score of 71, which is 54 points higher than the precious metal industry average of 17. It passed 5 out of 7 valuation due diligence checks.

Buenaventura Mining Co's stock has gained 146.79% in the past year. It has overperformed other stocks in the precious metal industry by 161 percentage points.

Silvercrest Metals (NYSEMKT:SILV) is the second most undervalued precious metal stock based on WallStreetZen's Valuation Score. Silvercrest Metals has a valuation score of 57, which is 40 points higher than the precious metal industry average of 17. It passed 4 out of 7 valuation due diligence checks.

Silvercrest Metals's stock has gained 25.5% in the past year. It has overperformed other stocks in the precious metal industry by 40 percentage points.

Mcewen Mining (NYSE:MUX) is the third most undervalued precious metal stock based on WallStreetZen's Valuation Score. Mcewen Mining has a valuation score of 43, which is 26 points higher than the precious metal industry average of 17. It passed 3 out of 7 valuation due diligence checks.

Mcewen Mining's stock has gained 38.91% in the past year. It has overperformed other stocks in the precious metal industry by 53 percentage points.