13 Best Precious Metals Stocks to Buy According to Analysts

3. Integra Resources Corp. (NYSE:ITRG)

Number of Hedge Fund Holders: 5

Average Upside Potential: 63.53%

Integra Resources Corp. (NYSE:ITRG) is a Vancouver-based mining company exploring and developing gold and silver projects across the western US. The company has a number of early-stage exploration properties in Idaho, Nevada, and Arizona. ITRG is one of the best metal stocks to buy.

Integra became a gold producer in November 2024 after acquiring Florida Canyon Gold. From then until year-end, the company produced nearly 11,000 ounces of gold, contributing to a record 72,229 ounces for the full year, which exceeded expectations. Integra Resources Corp. (NYSE:ITRG) posted $9.5 million in net income for Q4 and ended 2024 with $52.2 million in cash and $64.4 million in working capital, while spending $14.2 million on exploration projects.

On March 27, H.C. Wainwright assigned a Buy rating to Integra Resources Corp. (NYSE:ITRG) and lifted the price target to $2.75 from $2. Analysts see Integra’s pivot from being a gold developer to an actual producer, especially with cash flowing in from the Florida Canyon operation, as a major step forward. With over $50 million in cash and strong financials, analysts are optimistic about the company’s strong growth potential.

According to Insider Monkey’s fourth quarter database, 5 hedge funds were bullish on Integra Resources Corp. (NYSE:ITRG), compared to 3 funds in the prior quarter. GMT Capital was the largest stakeholder of the company, with 15.7 million shares valued at $13.5 million.