13 Best Precious Metals Stocks to Buy According to Analysts

8. Coeur Mining, Inc. (NYSE:CDE)

Number of Hedge Fund Holders: 37

Average Upside Potential: 37.56%

Coeur Mining, Inc. (NYSE:CDE) is a Chicago-based producer of gold and silver in the United States, Canada, and Mexico. The company focuses on mining gold, silver, zinc, lead, and other metals. It is one of the best metal stocks to invest in. On April 1, Raymond James analyst Brian MacArthur assigned an Outperform rating on CDE with a price target of $8.50, up from the previous target of $8.25. According to the analyst, CDE’s first-quarter results will be impacted by the SilverCrest acquisition and tax payments. In 2025, production is expected to increase due to the full integration of Las Chispas and growth at Rochester, with gold production estimated between 380,000 and 440,000 ounces and silver production between 16.7 to 20.3 million ounces.

Coeur Mining, Inc. (NYSE:CDE) reported $305 million in revenue and $64 million in operating cash flow during the fourth quarter of 2024. The company earned $38 million in net income, or $0.08 per share, in Q4. For the full year, the company generated $1.1 billion in revenue and $174 million in operating cash flow, with a net income of $59 million, or $0.15 per share. Gold production was up 8% and silver production rose 11% in 2024, both hitting the company’s targets. CDE ended last year with $85 million in free cash flow.

According to Insider Monkey’s fourth quarter database, 37 hedge funds were bullish on Coeur Mining, Inc. (NYSE:CDE), compared to 28 funds in the prior quarter. John Overdeck and David Siegel’s Two Sigma Advisors was the largest stakeholder of the company, with 5 million shares worth over $29 million.