10 Most Undervalued Silver Mining Stocks to Buy According to Analysts

7. Newmont Corporation (NYSE:NEM)

Average Upside Potential: 23.31%

Number of Hedge Fund Holders: 69

Forward P/E ratio: 13.27

Newmont Corporation (NYSE:NEM) is a leading gold producer and has a broad portfolio of operations in Asia, Australia, North and South America, and Africa. The company leverages its significant-scale assets to drive long-term value, exploring copper, zinc, lead, silver, and gold.

Newmont Corporation (NYSE:NEM) announced an EPS of $1.40, which surpassed its earnings projections for Q4, which ended on December 31, 2024. During the year, the company produced 1.9 million gold equivalent ounces (GEOs) from silver, zinc, copper, and lead and 6.8 million ounces of gold. Higher production volumes and favorable commodity prices contributed to a record $2.9 billion in free cash flow for the year.

Furthermore, by returning $2.3 billion to shareholders via dividends and buybacks, Newmont Corporation (NYSE:NEM) strengthened its financial position. While maintaining a strong liquidity profile, it reduced its total debt below $8 billion by $1.4 billion.

Moreover, Newmont’s core contributor to its operations remains silver. In Q4 2024, the company sold 9 million ounces of silver at Peñasquito at an average realized price of $24.13 per ounce. Higher silver, zinc, and lead content is predicted in the upcoming years as the mine remains a significant revenue driver.

Moving forward, Newmont Corporation (NYSE:NEM) anticipates stable production levels, with yearly production averaging 6 million ounces of gold and steady contributions from its base metals portfolio. Reinforcing its position as one of the most undervalued stocks to buy, production is predicted to reach 28 million ounces for 2025. To drive long-term value, the company remains focused on operational efficiencies and strategic investments.