In this article, we will list the 5 Best Precious Metal Stocks to Buy According to Wall Street Analysts. Please visit 15 Best Precious Metal Stocks to Buy According to Wall Street Analysts if you would like to see the extended list and the methodology behind it.
5. BHP Group Limited (NYSE:BHP)
On April 28, 2026, Argus raised its price target on BHP Group Limited (NYSE:BHP) to $95 from $90 and maintained a Buy rating. The firm said BHP’s performance remains closely tied to iron ore, copper, and coal prices, which have started to firm as global inflation rises. Argus added that the outlook is improving as China’s economy stabilizes and demand tied to clean energy investment continues to grow.
On April 23, 2026, JPMorgan analyst Dominic O’Kane raised his price target on BHP Group Limited (NYSE:BHP) to 2,600 GBp from 2,500 GBp while maintaining a Neutral rating.
On April 21, 2026, BHP reported third-quarter iron ore output of 62.8 million tonnes, up 2% year over year, while energy coal output rose 12% to 4.0 million tonnes. The company maintained full-year fiscal 2026 iron ore guidance of 258 million to 269 million tonnes and said energy coal production is now expected to land in the upper half of its prior 14 million to 16 million tonne range.
CEO Mike Henry said the company delivered a strong operating performance over the past nine months, highlighted by record material mined and concentrator throughput at Escondida Mine and record production at its Western Australia Iron Ore operations. He added that strong output from Escondida Mine and Antamina Mine supports expectations that copper production will land in the upper half of guidance. Henry also said BHP’s low-cost operations and centralized procurement model have helped offset rising energy and consumable costs tied to the Middle East conflict.
BHP Group Limited (NYSE:BHP) is a global mining company with operations spanning copper, iron ore, coal, uranium, gold, zinc, lead, molybdenum, silver, and cobalt.
4. Freeport-McMoRan Inc. (NYSE:FCX)
On April 24, 2026, UBS raised its price target on Freeport-McMoRan Inc. (NYSE:FCX) to $74 from $66 and maintained a Buy rating. Meanwhile, Morgan Stanley took a more cautious stance, downgrading Freeport-McMoRan Inc. (NYSE:FCX) to Equal Weight from Overweight while cutting its price target to $66 from $70. The firm said the long-term outlook for the Grasberg Mine remains intact, but a slower production ramp-up and temporarily higher costs are likely to weigh on shares in the near term. Morgan Stanley also lowered estimates to reflect reduced output from Indonesia and said the stock now offers a more balanced risk-reward profile.
On April 23, 2026, Jefferies lowered its price target on Freeport-McMoRan Inc. (NYSE:FCX) to $75 from $76 while maintaining a Buy rating. The firm updated its model to reflect changes to Grasberg guidance and estimated a negative $2.2 billion impact on net present value. Jefferies said recovery will take time, but still sees Freeport as a long-term way to gain exposure to rising copper prices.
Also on April 23, Freeport reported Q1 adjusted EPS of 57 cents, beating consensus estimates of 47 cents, while revenue rose to $6.23 billion from expectations of $5.96 billion. CEO Kathleen Quirk said the company delivered higher revenue, cash flow, and earnings despite reduced capacity in Indonesia and remains focused on safely restoring operations at Grasberg, improving efficiency across its Americas operations, and advancing its long-term growth pipeline.
Freeport-McMoRan Inc. (NYSE:FCX) mines copper, gold, molybdenum, silver, and other metals across North America, South America, and Indonesia.
3. Teck Resources Limited (NYSE:TECK)
On April 28, 2026, Scotiabank raised its price target on Teck Resources Limited (NYSE:TECK) to C$80 from C$75 previously while maintaining a Sector Perform rating on the shares.
On April 24, 2026, TD Securities also raised its price target on Teck Resources Limited (NYSE:TECK) to C$82 from C$80 and kept a Hold rating. Canaccord followed with a price target increase to C$85.50 from C$78 while maintaining a Hold rating. The firm said Teck’s first-quarter results were clearly positive but remained neutral to its broader investment thesis as the company moves toward completing its merger with Anglo American plc.
On April 23, 2026, Teck reported Q1 adjusted EPS of C$1.75, up sharply from C$0.60 a year earlier, while revenue climbed to C$3.94 billion from C$2.29 billion. CEO Jonathan Price said the strong quarter was driven by record copper sales, favorable commodity prices, and disciplined execution across operations. He highlighted robust performance at the Quebrada Blanca Mine, which delivered record quarterly copper sales and continued operational stability. Price added that the company remains focused on maintaining operational discipline while advancing its merger-of-equals transaction with Anglo American plc toward closing.
Teck Resources Limited (NYSE:TECK) operates mining assets across Asia, the Americas, and Europe, with exposure to copper, zinc, lead, and silver.
2. Gold.com, Inc. (NYSE:GOLD)
On April 8, 2026, Gold.com, Inc. (NYSE:GOLD) said its board authorized an expansion of the company’s existing share repurchase program. Under the revised plan, Gold.com can repurchase up to 2 million additional shares of common stock on top of the 1,321,003 shares it had already bought back as of March 31.
On April 2, 2026, Roth Capital analyst Craig Irwin lowered his price target on Gold.com, Inc. (NYSE:GOLD) to $55 from $60 while maintaining a Buy rating. The firm said the company remains positioned in a more profitable operating environment and noted that the recent decline in bullion spreads was largely expected. Roth also updated its model to reflect changes in precious metals spreads, the company’s Tether investment, and its Sunshine transaction.
On the same day, Gold.com announced its acquisition of Sunshine Minting, a move that expands its vertically integrated minting platform and lifts total production capacity to more than 3 million ounces of finished precious metals products per week across Sunshine Minting and Silver Towne Mint. As part of the transaction, Jamie Meadows will lead the company’s newly created Minting & Refining division while remaining president of Silver Towne Mint. Sunshine Minting CEO Tom Power will stay on as a special advisor, while existing operations executives will remain in place to maintain continuity during periods of elevated demand. Gold.com first acquired a 31.1% stake in Sunshine Minting in December 2020 and increased that stake to 44.9% in May 2021. The latest all-cash transaction gives the company full ownership.
Gold.com, Inc. (NYSE:GOLD) sells gold, silver, platinum, palladium, and other precious metals through wholesale distribution, direct-to-consumer channels, and secured lending operations.
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
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
Hedge Fund Resource Center