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

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1. Newmont Corporation (NYSE:NEM)

On April 28, 2026, TD Securities analyst Steven Green raised his price target on Newmont Corporation (NYSE:NEM) to $129 from $116 previously and maintained a Hold rating following the company’s strong Q1 report.

On April 24, 2026, BMO Capital analyst Matthew Murphy raised his price target on Newmont Corporation (NYSE:NEM) to $145 from $140 and maintained an Outperform rating. The firm said Newmont is off to a solid start relative to its full-year guidance and is working to manage costs while increasing production in the second half of 2026 and beyond, even as Q2 production may trend slightly lower early in the quarter.

Earlier in the month, Newmont reported Q1 adjusted EPS of $2.90, well above the $2.22 consensus estimate, while revenue of $7.31B topped expectations of $6.44B. The company produced 1.3 million attributable gold ounces, along with 9 million ounces of silver and 30,000 tonnes of copper, primarily from its managed operations.

CEO Natascha Viljoen said the quarter delivered strong operational and financial results, highlighted by a record $3.1B in quarterly free cash flow. She also announced that Newmont had doubled its share repurchase program with an additional $6B authorization after completing its previous buyback plan, which included $2.4B in repurchases since the last earnings report.

Newmont Corporation (NYSE:NEM) produces gold and also explores for copper, silver, lead, zinc, and other metals.

While we acknowledge the potential of NEM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NEM and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Beginner Stocks to Buy Right Now and 10 Fastest-Growing Financial Stocks to Invest In

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