10 Best Rising Penny Stocks to Buy According to Analysts

7. Integra Resources Corp. (NYSEAMERICAN:ITRG)

Price: $1.71

1-Month Performance: 31.54%

Analyst Upside Potential: 64.62%

Number of Hedge Fund Holders: 5

Integra Resources Corp. (NYSEAMERICAN:ITRG) is a precious metal mining company engaged in the production of gold and silver. The company’s principal operating asset is the Florida Canyon Mine in Nevada. Moreover, it is also developing the DeLamar Project in southwestern Idaho and the Nevada North Project in western Nevada.

On April 4th, Raymond James analyst Brian MacArthur raised the price target for the stock from C$3.25 to C$3.75 and maintained an Outperform rating. One of the reasons behind the upgrade is the updated commodity price forecast by the firm. Raymond James anticipates an increase in gold and silver prices in the near and long term, which considering the higher reserve and resource pricing of Integra Resources Corp. (NYSEAMERICAN:ITRG) is expected to benefit the company. Moreover, the company reported record gold production in fiscal 2024, which reached 72,229 ounces, exceeding the guidance. As a result, the net income for the fourth quarter alone came in at $9.5 million. It is one of the best-rising penny stocks to buy according to analysts.