13 Best Precious Metals Stocks to Buy According to Analysts

11. MAG Silver Corp. (NYSE:MAG)

Number of Hedge Fund Holders: 11

Average Upside Potential: 25.28%

MAG Silver Corp. (NYSE:MAG) ranks 11 on our list of the best metal stocks. MAG is a Vancouver-based mining company focused on exploring and developing silver, gold, lead, copper, and zinc projects across Canada, the United States, and Mexico. In November 2024, H.C. Wainwright maintained a Buy rating on MAG Silver Corp. (NYSE:MAG) and raised the target price to $20 from $18, citing strong earnings for the third quarter of 2024. The boost came mainly from increased earnings at its Juanicipio project, which saw a 41% rise in revenue. The company also had $113.5 million in cash and no long-term debt at the end of September 2024.

On March 24, MAG Silver Corp. (NYSE:MAG) declared a new dividend policy. It plans to distribute a fixed dividend of $0.02 per share every quarter. On top of that, if silver prices stay above $20 per ounce, the company will add a bonus dividend tied to the cash flow from their Juanicipio project, roughly 30% of what they earn each quarter. For Q4 2024, MAG announced a $0.18 per share dividend, consisting of the regular $0.02 and a $0.16 cash flow-based bonus dividend. It will be distributed on April 21 to shareholders listed by April 4.

According to Insider Monkey’s fourth quarter database, 11 hedge funds held stakes in MAG Silver Corp. (NYSE:MAG), the same as the prior quarter. Eric Sprott’s Sprott Asset Management was a notable stakeholder of the company, with 2.6 million shares worth $36 million.