13 Best Precious Metals Stocks to Buy According to Analysts

2. U.S. Gold Corp. (NASDAQ:USAU)

Number of Hedge Fund Holders: 5

Average Upside Potential: 85.83%

U.S. Gold Corp. (NASDAQ:USAU) is a Nevada-based explorer and developer of gold and other precious metal projects in the United States. It is one of the best metal stocks to invest in. On February 12, H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on U.S. Gold Corp. (NASDAQ:USAU) and raised the price target to $14 from $13. The company got a boost from the investment advisory after sharing updated plans for its CK Gold Project. The study shows the site could produce around 1.11 million gold equivalent ounces over the next decade, with especially strong output in the first few years.

On February 26, U.S. Gold Corp. (NASDAQ:USAU) received a BBB rating from Digbee Limited for its CK Gold Project, showing that the company is on the right track with its sustainability efforts. The rating reflects USAU’s commitment to responsible practices, like engaging with local communities, protecting the environment, and maintaining strong business standards.

According to Insider Monkey’s fourth quarter database, 5 hedge funds reported owning stakes in U.S. Gold Corp. (NASDAQ:USAU), compared to 2 funds in the preceding quarter. Jim Simons’ Renaissance Technologies was the biggest stakeholder of the company, with 93,900 shares valued at $575,607.