11 Best Breakout Stocks to Buy According to Analysts

7. Coeur Mining, Inc. (NYSE:CDE)

Stock Upside Potential as of May 2: 61.11%

Number of Hedge Fund Holders: 37

Coeur Mining, Inc. (NYSE:CDE) is a mining company that explores gold, silver, zinc, and other related metals in the US, Canada, and Mexico. Under off-take agreements, it markets and sells its concentrates to third-party customers, including refiners and smelters. According to analysts, it stands out as one of the best breakout stocks to buy, owing to the growing demand for gold and silver, which has resulted in a significant price spike.

Late last year, Coeur Mining, Inc. (NYSE:CDE) inked a deal to acquire SilverCrest Metals in a $1.7 billion all-in-stock acquisition, which is expected to bolster production capabilities and financial performance in 2025. With the acquisition, the company gains access to the high-grade Las Chispas mine in Mexico, which is expected to bolster its gold and silver reserves. In addition, the acquisition should bolster EBITDA estimates by up to $700 million and is expected to contribute about $350 million in free cash flow.

The acquisition comes as Coeur Mining, Inc. (NYSE:CDE) is increasingly close to becoming profitable. The company reduced its net loss by 43.4% to $58.9 million in 2024, down from $103.6 million in 2023, as revenue climbed 28% to $1.05 billion year-over-year. It also generated $85 million in free cash flow in the second half of the year as it also reduced its debt by $80 million.