15 Best Precious Metal Stocks to Buy According to Wall Street Analysts

In this article, we will look at the 15 Best Precious Metal Stocks to Buy According to Wall Street Analysts.

Precious metal stocks are back on investors’ radar amidst uncertainty. Franklin Templeton says precious metals have often been among the “first asset classes to recover” during “periods of uncertainty,” which helps explain why the group tends to re-enter the conversation whenever macro confidence starts to wobble. That backdrop matters more now because investors are not only looking for a hedge. They are also starting to ask whether the equities behind the metals still look underappreciated.

BlackRock says gold producer shares remain “attractive relative to gold” and to their “historic valuations,” while also staying “positive on the outlook for silver.” That suggests the market may still be giving more credit to the metal than to the companies digging it out of the ground. Schroders makes a similar point from the equity side, saying gold stocks are trading “close to 40-year lows” relative to bullion, “still look inexpensive,” and now have “fortress balance sheets.”

Put together, the case for precious metal stocks is not just about fear or safe-haven demand. It is also about whether stronger balance sheets, healthier margins, and still-reasonable valuations can give the equities room to catch up if gold and silver remain well supported. That brings us to the 15 Best Precious Metal Stocks to Buy According to Wall Street Analysts.

Our Methodology

We used the Finviz screener to identify precious metal stocks that offer notable upside based on analysts’ price targets. We then limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).

15. Pan American Silver Corp. (NYSE:PAAS)

On April 22, 2026, Pan American Silver Corp. (NYSE:PAAS) saw Scotiabank raise its price target to $65 from $64 while maintaining an Outperform rating. The firm said it was updating price targets across its gold and precious metals coverage.

Last month, BofA raised its price target on Pan American Silver Corp. (NYSE:PAAS) to $94 from $84 and maintained a Buy rating after the company released an updated preliminary economic assessment for its La Colorada Skarn silver-zinc-lead project. The firm said upfront capex was significantly lower than in the prior assessment while still supporting strong silver production growth.

Earlier in March, Pan American Silver reported new drill results from the southeastern and eastern Candelaria zones at its La Colorada Mine in Zacatecas. Exploration drilling between the Cristina and San Geronimo systems led to the discovery of at least four new veins and associated mineralization with high silver, gold, and base metal grades.

The company said silver assays exceeded 1,000 g/t in 40% of the reported drill holes, with many also containing high gold and base metal grades. Management said the discoveries could expand mineral resources at La Colorada and further support its phased development strategy focused on higher-grade zones.

Pan American Silver Corp. (NYSE:PAAS) operates silver and gold mines across Chile, Peru, Brazil, Mexico, Canada, Argentina, Bolivia, and Guatemala, producing silver, gold, zinc, lead, and copper.

14. Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM)

On April 23, 2026, Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM) reported first-quarter production of 263,057 silver ounces, 1,851 gold ounces, and 1.34 million pounds of copper, totaling 568,112 silver-equivalent ounces. CEO David Wolfin said the company entered 2026 with positive momentum, supported by stronger-than-expected mill throughput and elevated silver prices. Management said production is still expected to be weighted toward the second half of 2026 as La Preciosa ramps up, and the company remains on track to meet its annual production forecast.

On April 16, 2026, Avino completed a new mineral reserve estimate and updated mineral resource estimate covering La Preciosa and the Avino Mine, with an effective date of October 31, 2025. The company said proven and probable reserves across its three assets totaled 27 million tonnes containing 95 million ounces of silver, 356,000 ounces of gold, and 85 million pounds of copper, equivalent to 127 million silver-equivalent ounces. Measured and indicated resources totaled 68 million tonnes containing 207 million ounces of silver, 413,000 ounces of gold, and 243 million pounds of copper, or 301 million silver-equivalent ounces. Avino also said total measured and indicated resources rose 9% from its previous estimate after accounting for depletion and exploration drilling.

At La Preciosa, proven and probable reserves totaled 11 million tonnes containing 72 million ounces of silver and 128,000 ounces of gold. At the Avino property, proven and probable reserves totaled 10 million tonnes containing 12 million ounces of silver, 127,000 ounces of gold, and 85 million pounds of copper. The Oxide Tailings property added 6.7 million tonnes of reserves containing 12 million ounces of silver and 102,000 ounces of gold.

Last month, Roth Capital analyst Joe Reagor raised his price target on Avino Silver & Gold Mines Ltd. to $7.50 from $7.25 and maintained a Neutral rating, citing better-than-expected Q4 results and a significantly stronger balance sheet that could support future mill expansion.

Avino Silver & Gold Mines Ltd. (NYSEAMERICAN:ASM) explores and develops silver, gold, copper, and other mineral deposits in Mexico.

13. Fortuna Mining Corp. (NYSE:FSM)

On April 23, 2026, Fortuna Mining Corp. (NYSE:FSM) provided updated consolidated mineral reserve and mineral resource estimates for its operating mines and development projects in West Africa and Latin America. The company said mineral reserves increased 15% year over year after accounting for production-related depletion. At its Séguéla Mine project, updated estimates as of March 31, 2026, showed a 34% increase in underground mineral reserves and a 55% increase in inferred mineral resources at the Sunbird deposit following infill and exploration drilling completed in the second half of 2025.

On April 20, 2026, Fortuna announced an earn-in agreement with Qstone, a private company in Guyana, that could give it up to a 70% stake in the Quartzstone Project, a 29,600-hectare land package in north-central Guyana. The project includes multiple zones of high-grade near-surface gold mineralization identified through prior drilling. Fortuna’s initial $5.5M exploration program includes airborne magnetic surveys, geochemical sampling, geological mapping, and an initial 5,000-meter drilling campaign. The company can earn an initial 51% stake by completing at least 60,000 meters of drilling over four years, with an option to increase its interest to 70% by funding a feasibility study. Upon signing the agreement, Fortuna paid Qstone a non-refundable $5M option premium.

On April 9, 2026, Fortuna reported first-quarter production of 72,872 gold-equivalent ounces from its three operating mines in West Africa and Latin America, up from 70,386 ounces in the prior-year period and 65,130 ounces in Q4 2025. The company also reaffirmed its full-year 2026 production guidance of 281,000 to 305,000 gold-equivalent ounces.

Fortuna Mining Corp. (NYSE:FSM) operates mining assets in Argentina, Côte d’Ivoire, Mexico, Peru, and Senegal.

12. Seabridge Gold Inc. (NYSE:SA)

On April 15, 2026, Seabridge Gold Inc. (NYSE:SA) reported its first mineral resource estimate for the Snip North deposit at its wholly owned Iskut Project in the Golden Triangle region of northwestern British Columbia. The maiden inferred resource totaled 9.2 million ounces of gold, 28.3 million ounces of silver, and 923 million pounds of copper, based on 605.7 million tonnes grading 0.47 g/t gold, 0.07% copper, and 1.5 g/t silver. The company said the resource remains open in multiple directions.

Seabridge also announced that the Iskut Project will be renamed the Bronson Corridor Project to reflect the broader mineralized belt where its deposits are located. Snip North marks the second discovery at the project, alongside the Bronson Slope deposit.

Last month, Seabridge updated mineral resource estimates for its KSM Project using higher metal price assumptions of $2,000 per ounce of gold, $4.00 per pound of copper, $25 per ounce of silver, and $22 per pound of molybdenum. The company had previously used lower assumptions for the past decade.

Under the updated assumptions, measured and indicated resources increased by 6.8 million ounces of gold, 1.5 billion pounds of copper, 42.7 million ounces of silver, and 93 million pounds of molybdenum compared with the January 2024 estimate. Inferred resources rose by 12.9 million ounces of gold, 4.2 billion pounds of copper, 108.8 million ounces of silver, and 140 million pounds of molybdenum. Management said the resource model itself did not change, only the metal price and cost assumptions used to calculate cut-off grades. CEO Rudi Fronk said the updated estimates better align with pricing assumptions used by major mining companies as Seabridge moves toward a potential joint venture for KSM.

Seabridge Gold Inc. (NYSE:SA) acquires and explores gold properties across North America and also has exposure to silver, copper, and molybdenum deposits.

11. Gold Fields Limited (NYSE:GFI)

On April 24, 2026, Gold Fields Limited (NYSE:GFI) was upgraded to Buy from Hold by Canaccord, which also raised its price target to $57.25 from $40.25 previously. The firm increased its gold price forecasts by 7% to 8% through 2029, citing continued strength in gold and silver prices. Canaccord said a stronger long-term outlook for precious metals should support higher valuations across the sector.

On April 15, 2026, Morgan Stanley upgraded Gold Fields Limited (NYSE:GFI) to Equal Weight from Underweight and raised its price target to ZAR 77,000 from ZAR 68,000 previously. The firm said it increased earnings estimates and price targets across its gold coverage primarily due to higher gold price assumptions.

Earlier in the month, JPMorgan lowered its price target on Gold Fields Limited (NYSE:GFI) to $76 from $80 while maintaining an Overweight rating on the shares.

Gold Fields Limited (NYSE:GFI) operates gold mines and development projects across South Africa, Ghana, Australia, Peru, Canada, and Chile.

10. Guardian Metal Resources PLC (NYSEAMERICAN:GMTL)

On April 20, 2026, Maxim analyst Tate Sullivan downgraded Guardian Metal Resources PLC (NYSEAMERICAN:GMTL) to Hold from Buy, saying the stock had already reached its price target. The firm also raised its expense forecasts and pushed its initial revenue estimate to the second half of 2029 from the first half, citing a longer timeline to generate first revenue from the company’s tungsten projects in Nevada. Maxim said higher U.S. tungsten prices support the long-term development story but added that Guardian still needs additional resource updates and metallurgical work before accelerating construction activity.

On April 14, 2026, DA Davidson initiated coverage of Guardian Metal Resources PLC (NYSEAMERICAN:GMTL) with a Buy rating and a $30 price target. The firm said the company’s Pilot Mountain Project Desert Scheelite deposit could become the first operational U.S. tungsten mine since 2015 and sees multiple catalysts that could drive future increases to revenue and EBITDA forecasts.

On the same day, BMO Capital initiated coverage of Guardian Metal Resources PLC (NYSEAMERICAN:GMTL) with an Outperform rating and a 450 GBp price target. The firm said Pilot Mountain is one of the largest undeveloped tungsten deposits in the U.S. and argued that tungsten remains structurally constrained due to declining Chinese production, export restrictions, and limited Western supply. BMO said the project represents a strategically important domestic asset for the U.S.

Guardian Metal Resources PLC (NYSEAMERICAN:GMTL) explores mineral assets, with exposure to tungsten, copper, gold, silver, lithium, gallium, and zinc.

9. Hycroft Mining Holding Corporation (NASDAQ:HYMC)

On April 21, 2026, Hycroft Mining Holding Corporation (NASDAQ:HYMC) provided an update on exploration activities at its Hycroft Mine and said it has hired RESPEC to evaluate underground mining options for the recently discovered high-grade silver systems at Brimstone and Vortex. The review includes mining method assessments, conceptual mine design, and schedule development, and will result in an internal report for the company.

Hycroft is also evaluating an exploration decline that would provide underground drill access. The engineering work is expected to determine the best portal location and decline dimensions, which could also support future production. With that work completed, Ausenco Engineering can move forward with an Initial Assessment Technical Report that includes economic projections. The company expects that report to be completed in Q2.

Last month, Hycroft announced additional drill results from its 2025–2026 exploration program at the Hycroft Mine. The company said the Brimstone silver system extends roughly 150 meters deeper than previously identified and remains open both at depth and laterally. It also reported strong mineralized fluid pathways and stockwork veining, typically associated with the high-grade Brimstone system. CEO Diane Garrett said the latest drill results continue to highlight the scale and potential of the project as the company works to further define Hycroft’s long-term opportunity.

Hycroft Mining Holding Corporation (NASDAQ:HYMC) is a U.S.-based gold and silver exploration and development company.

8. Allied Gold Corporation (NYSE:AAUC)

On April 28, 2026, Allied Gold Corporation (NYSE:AAUC) said operations continue as normal across its mines in Mali and Côte d’Ivoire, as well as its development project in Ethiopia. The company said production and site activities remain on track, including operations at the Sadiola Gold Mine, where the first phase of expansion was recently completed. Development of the Kurmuk Project is also progressing as planned, with production expected to begin in the third quarter of 2026. Allied added that exploration efforts across its portfolio continue to generate positive results that support longer mine lives.

Allied Gold Corporation (NYSE:AAUC) also provided an update on its previously announced transaction with Zijin Gold International Company Limited under an arrangement agreement signed on January 26, 2026. Allied said both companies remain in active discussions to ensure an orderly transition and continue working through regulatory approvals, with the goal of closing the transaction within the original timeline. The agreement includes an outside closing date of May 29, 2026, subject to possible extensions.

Following the recent conflict between government and insurgent groups in Mali, Allied said its operations remain unaffected because its mining activities are located far from the affected areas. The company added that it continues to monitor the situation and take precautions to protect employees in the country.

Allied Gold Corporation (NYSE:AAUC) operates gold mining assets across Africa and explores for gold and silver deposits.

7. Rio Tinto Group (NYSE:RIO)

On April 28, 2026, Argus raised its price target on Rio Tinto Group (NYSE:RIO) to $120 from $115 and maintained a Buy rating. The firm said Rio Tinto has improved its operating performance and balance sheet in recent years through cost cuts and noncore asset sales, while continuing to return cash to shareholders through dividends. Argus also said the company is increasingly positioning for future clean energy demand through lithium development projects and acquisitions.

Similarly, Bernstein raised its price target on Rio Tinto Group (NYSE:RIO) to $83.50 from $82 and maintained an Outperform rating. The firm noted that aluminum prices have climbed to their second-highest levels on record, approaching the peaks seen during the 2022 Russia-Ukraine War.

On April 20, 2026, Rio Tinto reported that first-quarter iron ore production rose 12% year over year, while alumina production increased 6%. CEO Simon Trott said copper-equivalent production rose 9% as the Oyu Tolgoi Mine continues ramping up and the company’s aluminum business delivered another strong quarter.

Trott also said Rio achieved a historic land exchange at the Resolution Copper Project and is moving toward the next development phase of what it described as one of the world’s largest untapped copper deposits. He added that the company has already implemented the first $650M in annualized productivity benefits, with additional efficiency gains underway.

Rio Tinto Group (NYSE:RIO) explores, mines, and processes mineral resources globally, with operations spanning iron ore, aluminum, lithium, copper, gold, silver, molybdenum, and other minerals.

6. Barrick Mining Corporation (NYSE:B)

On April 28, 2026, Barrick Mining Corporation (NYSE:B) announced several executive appointments and provided an update on the planned IPO of a minority stake in a new company that will hold its North American gold assets. The company said a dedicated leadership team has already been working together for months and includes Tim Cribb as COO, Wessel Hamman as CFO, Joe Heckendorn as Chief Legal Officer and Corporate Secretary, Megan Tibbals as Chief Technical Officer, Richard Barley as Chief HR Officer, Javier Ortuzar as Vice President of Exploration, and Amanda Steensen as Vice President of Sustainability.

The new entity, North American Barrick, will hold four Tier One gold assets located in North America: the Carlin Mine, Cortez Mine, and Turquoise Ridge Mine operations within the Nevada Gold Mines complex, along with the Pueblo Viejo Mine. These assets produced roughly 2.0 million attributable ounces of gold in 2025. The company also said the new business will include its wholly owned Fourmile Project, which is located near Nevada Gold Mines and could eventually be contributed to the joint venture. Barrick said North American Barrick is expected to pursue a primary listing in New York and a secondary listing in Toronto, with the IPO still on track for completion by the end of 2026, subject to market conditions and regulatory approvals.

On April 21, 2026, CIBC lowered its price target on Barrick Mining Corporation (NYSE:B) to $63 from $67 while maintaining an Outperformer rating. The firm said a roughly 20% pullback in gold prices from January highs and shifting Federal Reserve rate expectations could support a rebound in gold prices. CIBC also said it remains constructive on base metals due to ongoing supply constraints.

Barrick Mining Corporation (NYSE:B) explores for and produces gold, copper, silver, and other energy-related materials.

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