13 Best Precious Metals Stocks to Buy According to Analysts

5. Perpetua Resources Corp. (NASDAQ:PPTA)

Number of Hedge Fund Holders: 14

Average Upside Potential: 46.07%

Perpetua Resources Corp. (NASDAQ:PPTA) is an American development-stage mining company working on its primary venture, the Stibnite Gold Project, in Idaho. This site spans over thousands of hectares and holds deposits of gold, silver, and antimony. It is one of the best metal stocks to look out for.

On January 8, H.C. Wainwright maintained a Buy rating on Perpetua Resources Corp. (NASDAQ:PPTA) and increased the price target to $25 from $22. According to the investment firm, PPTA got approval from the US Forest Service for its Stibnite Gold project, marking a major milestone after eight years of reviews and public input. The site holds 4.8 million ounces of gold and 148 million pounds of antimony. The company plans to produce 450,000 ounces of gold annually in the first four years and could meet up to 35% of US antimony demand early on.

Perpetua Resources Corp. (NASDAQ:PPTA) has officially joined the VanEck Junior Gold Miners ETF (NYSE:GDXJ) after the fund’s quarterly rebalance on March 21, 2025. The inclusion highlights the growing interest in Perpetua’s Stibnite Gold Project, one of the most promising gold developments in the United States and a potential domestic source of the critical mineral antimony.

According to Insider Monkey’s fourth quarter database, 14 hedge funds were bullish on Perpetua Resources Corp. (NASDAQ:PPTA), compared to 12 funds in the prior quarter. John Paulson’s Paulson & Co. was the leading stakeholder of the company, with 24.7 million shares valued at $264.3 million.