10 Best Mining Penny Stocks to Buy Now

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1. Ferroglobe PLC (NASDAQ:GSM)

Number of Hedge Fund Holders: 27

Share Price as of the close of March 7: $3.96

Ferroglobe PLC (NASDAQ:GSM) is a leading silicon metal and specialty alloy producer that serves prominent sectors of industries, such as automotive, construction, and solar energy. With its production facilities across regions such as North America and Europe, the company operates globally. Ferroglobe PLC has a varied portfolio, which includes silicon-based alloys and high-purity silicon metals used in semiconductors and renewable energy technologies. It operates through quartz mines across various countries as well as coal mines in the U.S.

Due to lower silicon metal and silicon-based alloy volumes (13% decline), Ferroglobe PLC (NASDAQ:GSM) recorded revenue of $368 million for Q4 ended December 31, 2024, which was an 18% sequential decrease. Adjusted EBITDA declined to $10 million during the quarter, which was a decrease from $60 million in the previous quarter. The decline was fueled by lower sales volumes and weaker pricing. Furthermore, the company also engaged in backing U.S. trade petitions against low-cost imports, which may lead to favorable pricing conditions if duties are imposed.

Henceforth, with the lower end reflecting current conditions and the higher range contingent on trade measures and volume recovery, Ferroglobe PLC (NASDAQ:GSM) predicts full-year 2025 EBITDA between $100 million and $170 million. As demand rebounds in Asia, the company predicts a stronger second half.

Supported by its strategic market positioning, production expansions, and potential trade protections that could boost pricing power, Ferroglobe PLC (NASDAQ:GSM) continues to stand as one of the best penny stocks to buy now.

Overall, Ferroglobe PLC (NASDAQ:GSM) ranks first on our list of the best mining penny stocks to buy now. While we acknowledge the potential of GSM, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GSM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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