13 Best Precious Metals Stocks to Buy According to Analysts

Page 12 of 12

1. U.S. GoldMining Inc. (NASDAQ:USGO)

Number of Hedge Fund Holders: 2

Average Upside Potential: 152.38%

U.S. GoldMining Inc. (NASDAQ:USGO) is a new exploration and mine development company focused on the Whistler gold-copper project in Alaska. The company went public in April 2023 by raising $20 million through its IPO. USGO stands first on our list of the best metal stocks to buy, with an average upside potential of nearly 150%.

On February 5, H.C. Wainwright assigned a Buy rating on U.S. GoldMining Inc. (NASDAQ:USGO) with a $26.50 price target. The firm noted that USGO is making solid progress at its Whistler Gold-Copper Project. Latest drilling results from early 2024 look promising, especially from holes WH24-03 and WH24-04, which could support the company’s future growth.

U.S. GoldMining Inc. (NASDAQ:USGO) initiated a preliminary economic assessment for its Whistler Gold-Copper Project on April 15, aiming to get a clearer picture of the site’s potential. The project already shows promising numbers, with over 10 million gold-equivalent ounces in resources. This move comes after record-breaking drill results in 2023 and 2024 and at a time when gold prices are soaring.

According to Insider Monkey’s fourth quarter database, 2 hedge funds were bullish on U.S. GoldMining Inc. (NASDAQ:USGO), with total stakes worth $358,000.

Overall, USGO ranks first among the 13 Best Precious Metals Stocks To Buy According To Analysts. While we acknowledge the potential of precious metals stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than USGO but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

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

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 12 of 12