Interest in silver-related equities is rising as precious metals hold firm in the current macro environment. Fresh research from WarrenAI points to several companies with notable exposure to silver that stand out for solid financial performance and meaningful upside potential.
Newmont Corporation (NYSE:NEM) tops the list as the clear front-runner among silver-connected stocks. The miner — a heavyweight in both gold and silver — is viewed as having 25.9% potential upside, backed by a “Strong Buy” consensus from analysts. Newmont posts standout metrics, including a 22.8% return on equity and a strong 57% EBITDA margin, underscoring its financial resilience.
The most striking figure: a 688% surge in EPS, making Newmont the sector’s dominant performer.
The company recently delivered better-than-expected Q3 results, reporting $5.52 billion in revenue and $1.71 EPS, and confirmed that its Ahafo North project in Ghana has officially entered commercial production.
Coming in second is DRDGOLD Limited (NYSE:DRD), recognized for its disciplined operating model and robust fundamentals. Although its 9.3% upside is more conservative, analysts still assign it a “Strong Buy.” DRDGOLD boasts the highest return on equity in the group at 28.4%, complemented by healthy margins and a strong balance sheet — traits that appeal to investors seeking a more streamlined operator.
In recent updates, H.C. Wainwright boosted its price target on DRDGOLD after the company posted a 2% quarter-over-quarter increase in gold output to 38,291 ounces.
Alcoa Corporation (NYSE:AA) earns the third spot among silver-exposed names. While mainly an aluminum producer, Alcoa offers limited silver exposure alongside an estimated 18.1% upside and a “Strong Buy” consensus. Its 19.5% ROE highlights generally solid profitability.
However, Alcoa’s latest quarter missed expectations, with Q3 revenue at $3 billion and adjusted EPS at –$0.02.
Century Aluminum Company (NASDAQ:CENX) shows the highest fair value upside in the group at 30.5%, backed by a “Strong Buy” rating. Nonetheless, its 11.6% ROE trails higher-ranked peers, and the company’s focus on aluminum means only limited exposure to silver. Additional uncertainty stems from news that major shareholder Glencore is exploring the sale of a substantial stake.
Rounding out the top five is McEwen Inc (NYSE:MUX), which carries a 23.2% upside and also enjoys a “Strong Buy” consensus. Still, the miner’s –2.4% ROE underscores its speculative nature. WarrenAI flags McEwen’s heightened volatility, making it a riskier bet relative to the group’s more stable operators.
For investors prioritizing silver exposure with a stronger margin of safety, WarrenAI’s analysis suggests Newmont and DRDGOLD remain the most compelling opportunities, thanks to their consistent profitability, favorable analyst ratings, and meaningful upside profiles.