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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
SILV
SILVERCREST METALS INC
$1.50B$10.18$9.58-5.86%Buy3N/AN/AN/AN/A
MUX
MCEWEN MINING INC
$518.63M$10.49$13.5028.69%Strong Buy227.64%N/A-2.82%-2.13%
BVN
BUENAVENTURA MINING CO INC
$4.37B$17.21$18.507.50%Buy29.47%168.68%N/AN/A
TFPM
TRIPLE FLAG PRECIOUS METALS CORP
$3.31B$16.46$19.8820.75%Strong Buy49.88%68.18%5.43%5.18%
VOXR
VOX ROYALTY CORP
$129.82M$2.59N/AN/AN/AN/A6.96%N/A-2.24%-1.92%
ASM
AVINO SILVER & GOLD MINES LTD
$146.94M$1.12$1.3016.07%Strong Buy2N/AN/AN/AN/A
EXK
ENDEAVOUR SILVER CORP
$1.19B$4.97$6.1724.08%Buy37.47%N/A8.48%7.07%
GROY
GOLD ROYALTY CORP
$229.04M$1.57$3.67133.57%Buy3112.87%N/A-0.56%-0.42%
GATO
GATOS SILVER INC
$976.14M$14.11$13.17-6.68%Buy3N/AN/AN/AN/A
PPTA
PERPETUA RESOURCES CORP
$444.80M$6.90$11.6368.60%Strong Buy2N/AN/A-19.25%-17.30%
ATLX
ATLAS LITHIUM CORP
$184.14M$12.44$44.00253.70%Strong Buy3N/AN/A-1,345.89%-78.72%
PLG
PLATINUM GROUP METALS LTD
$182.41M$1.78N/AN/AN/AN/AN/AN/AN/AN/A
NEWP
NEW PACIFIC METALS CORP
$306.54M$1.79$5.00179.33%Strong Buy1N/AN/A-5.11%-5.08%
HL
HECLA MINING CO
$3.95B$6.30$7.9225.67%Buy39.20%N/A3.68%2.41%
MTA
METALLA ROYALTY & STREAMING LTD
$297.21M$3.25N/AN/AN/AN/AN/AN/AN/AN/A
AUMN
GOLDEN MINERALS CO
$6.12M$0.42$1.50257.14%Buy1N/AN/AN/AN/A
ITRG
INTEGRA RESOURCES CORP
$93.77M$1.06$3.75253.77%Buy1N/AN/AN/AN/A
SLSR
SOLARIS RESOURCES INC
$410.97M$2.73$5.0083.49%Strong Buy1N/AN/A-110.35%-11.43%

Precious Metal Stocks FAQ

What are the best precious metal stocks to buy right now in Jul 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 63.4% over the past year, overperforming other precious metal stocks by 42 percentage points.

Silvercrest Metals has an average 1 year price target of $9.58, a downside of -5.86% from Silvercrest Metals's current stock price of $10.18.

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

2. Mcewen Mining (NYSE:MUX)


Mcewen Mining (NYSE:MUX) 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. Mcewen Mining has seen its stock return 20.44% over the past year, underperforming other precious metal stocks by -1 percentage points.

Mcewen Mining has an average 1 year price target of $13.50, an upside of 28.69% from Mcewen Mining's current stock price of $10.49.

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.

3. Buenaventura Mining Co (NYSE:BVN)


Buenaventura Mining Co (NYSE:BVN) 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. Buenaventura Mining Co has seen its stock return 115.93% over the past year, overperforming other precious metal stocks by 94 percentage points.

Buenaventura Mining Co has an average 1 year price target of $18.50, an upside of 7.5% from Buenaventura Mining Co's current stock price of $17.21.

Buenaventura Mining Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Buenaventura Mining Co, 50% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 50% 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 0.7%, 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.

2. Buenaventura Mining Co (NYSE:BVN)


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.

3. Hecla Mining Co (NYSE:HL)


Hecla Mining Co (NYSE:HL) has an annual dividend yield of 0.4%, 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.

Why are precious metal stocks up?

Precious metal stocks were up 2.6% in the last day, and up 11.2% over the last week.

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

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 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 63.4% in the past year. It has overperformed other stocks in the precious metal industry by 42 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 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 20.44% in the past year. It has underperformed other stocks in the precious metal industry by -1 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 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 -15.14% in the past year. It has underperformed other stocks in the precious metal industry by -37 percentage points.

Are precious metal stocks a good buy now?

53.33% of precious metal stocks rated by analysts are a buy right now. On average, analysts expect precious metal stocks to rise by 52.73% 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 45.6x.
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.