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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 35 points higher than the precious metal industry average of 20. It passed 18 out of 33 due diligence checks and has strong fundamentals. Silvercrest Metals has seen its stock return 36.38% over the past year, overperforming other precious metal stocks by 21 percentage points.

Silvercrest Metals has an average 1 year price target of $9.25, a downside of -1.7% from Silvercrest Metals's current stock price of $9.41.

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.

Buenaventura Mining Co (NYSE:BVN) is the second best precious metal stock with a Zen Score of 33, which is 13 points higher than the precious metal industry average of 20. It passed 13 out of 38 due diligence checks and has average fundamentals. Buenaventura Mining Co has seen its stock return 148.08% over the past year, overperforming other precious metal stocks by 133 percentage points.

Buenaventura Mining Co has an average 1 year price target of $15.65, a downside of -10.26% from Buenaventura Mining Co's current stock price of $17.44.

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.

Mcewen Mining (NYSE:MUX) is the third best precious metal stock with a Zen Score of 33, which is 13 points higher than the precious metal industry average of 20. It passed 13 out of 38 due diligence checks and has average fundamentals. Mcewen Mining has seen its stock return 43.42% over the past year, overperforming other precious metal stocks by 28 percentage points.

Mcewen Mining has an average 1 year price target of $13.50, an upside of 19.15% from Mcewen Mining's current stock price of $11.33.

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.

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 0.72%, which is the same as the precious metal industry average of 0.46%.

Metalla Royalty & Streaming's dividend payout ratio of -31.5% 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 0.46%. 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.

Hecla Mining Co (NYSE:HL) has an annual dividend yield of 0.41%, which is the same as the precious metal industry average of 0.46%. 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.

Precious metal stocks were up 5.26% in the last day, and up 6.91% over the last week. Hecla Mining Co was the among the top gainers in the other precious metals & mining industry, gaining 11.11% yesterday.

Shares of precious metals stocks are trading higher amid strength in gold and silver.

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

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 48 points higher than the precious metal industry average of 9. It passed 4 out of 7 valuation due diligence checks.

Silvercrest Metals's stock has gained 36.38% in the past year. It has overperformed other stocks in the precious metal industry by 21 percentage points.

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 34 points higher than the precious metal industry average of 9. It passed 3 out of 7 valuation due diligence checks.

Mcewen Mining's stock has gained 43.42% in the past year. It has overperformed other stocks in the precious metal industry by 28 percentage points.

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 5 points higher than the precious metal industry average of 9. It passed 1 out of 7 valuation due diligence checks.

Gold Royalty's stock has dropped -4.78% in the past year. It has underperformed other stocks in the precious metal industry by -20 percentage points.