We recently published a list of 10 Best Gold Penny Stocks to Buy Now. In this article, we are going to take a look at where Endeavour Silver Corp. (NYSE:EXK) stands against other best gold penny stocks to buy now.
The global precious metals market is influenced by economic uncertainty, inflation, and shifting supply and demand patterns. The Business Research Company projects that the global metals market will grow at a CAGR of 5.9% through 2025. The mining sector is expanding at a CAGR of 6.2%, outpacing the broader metals market, and is expected to reach $2,401.85 billion.
Gold prices set new records in 2025, with Reuters reporting spot gold at $2,936.38 per ounce on March 3 and U.S. gold futures at $2,956.10. Central banks are stockpiling gold, which is driving up demand at record rates. Furthermore, investors seek gold as a safe haven during periods of inflation. S&P Global reports that gold futures grew by 34.6% year-over-year as of March 7, 2025, outpacing broader market indices. These trends are reshaping the gold market’s role in finance.
Supply and demand patterns are also shifting as gold now flows from Asian hubs such as Dubai and Hong Kong to the U.S., driven by higher premiums in U.S. futures markets and fears of import tariffs. U.S. Comex gold inventories have jumped 80% since late 2024, and investors are responding to better pricing and arbitrage opportunities.
Meanwhile, silver prices have also surged, reaching $30 per ounce in 2024, the highest since 2011. This increase was driven by inflation, geopolitical instability, and a weaker U.S. dollar. The Silver Institute expects the total silver demand to reach 1.20 billion ounces in 2025 while fabrication demand will exceed 700 million ounces for the first time. Additionally, silver recycling is expected to rise 5% to over 200 million ounces, the highest since 2012.
Platinum supply remains tight, with global production forecast to rise marginally by 0.76% in 2025, reaching 7.32 million ounces, leaving a supply gap of 539,000 ounces. Refined platinum production is expected to fall by 1%, reaching 5.55 million ounces versus 5.63 million in 2024. South Africa’s declining output worsens this shortfall.
Despite these obstacles, technological advances offer some hope. AI-driven exploration has cut mine development time from 16 years to nine. According to KPMG Mining Outlook 2024, geophysical data analysis now takes weeks instead of years. New refining technologies like bioleaching and cyanide-free processing improve efficiency and sustainability, ensuring more secure long-term precious metal supplies.
Our Methodology
To compile a list of the 10 Best Gold Penny Stocks to Buy Now, we first sifted through ETFs and stock screener to gather the top mining stocks under $5. We then selected the 10 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them as of Q4 2024. The hedge fund data was sourced from Insider Monkey’s database, which tracks the moves of over 1,000 elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A bird’s eye view of a team in protective gear operating heavy machinery in a silver extraction site.
Endeavour Silver Corp. (NYSE:EXK)
Number of Hedge Fund Holders: 19
Endeavour Silver Corp. (NYSE:EXK) is a mid-tier precious metals company with key operations in Mexico at the Guanaceví and Bolañitos mines. It is advancing its main Terronera project in Jalisco while maintaining a diverse exploration portfolio across Mexico, Chile, and the U.S. The company aims to increase production and cement its spot as a top silver producer and one of the best penny stocks.
For Q3 ending September 30, 2024, revenue increased 8% year-over-year to $53 million, driven by higher silver and gold prices. Despite this, the company faced operational and cost-related challenges, resulting in a $17 million net loss. Silver-equivalent output for the quarter reached 1.6 million ounces, with the company holding $55 million in cash and $29 million in working capital, giving it a stable base for growth.
Endeavour Silver Corp. (NYSE:EXK) strengthened its finances with a recent $72.8 million bought-deal offering. These funds will help advance the Pitarrilla project in Durango and support ongoing work. Meanwhile, exploration at Bolañitos found rich silver-gold deposits in the La Luz vein, which could extend the mine’s life significantly.
The Terronera project approached 90% completion by December 31, 2024. Surface work is almost done, with a full start-up expected in early Q2 2025, though some delays occurred due to delays in steel deliveries. Meanwhile, the Guanaceví mine faced a setback in Q4 due to a ball mill failure but should return to full capacity soon, boosting production.
With these improvements and project advances, Endeavour Silver Corp. (NYSE:EXK) remains among the best penny stocks for investors looking at the mining market.
Overall, EXK ranks 5th on our list of best gold penny stocks to buy now. While we acknowledge the potential of EXK, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EXK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
