3 Metal Stocks with Double-Digit Upside

Industry Overview - The primary metals industry is attracting traders and investors seeking value, with a notable 13% rally in mining and metal stocks over the past two quarters driven by favorable market conditions [2] - Analysts are optimistic about precious metals stocks, projecting double-digit upside potential in the coming months as they gain attention amidst the technology stock craze [2][3] Economic Indicators - Recent ISM manufacturing PMI data indicates significant expansion in the primary metals industry, with three consecutive months of growth readings suggesting an accelerating trend [4] - Export orders in February expanded by 6.4%, contributing to economic growth and indicating stronger demand for metals [4] Stock Highlights - Uranium Energy is projected to have nearly 40% upside potential, with a price target of $8.8, as demand for alternative energy sources rises [6] - MP Materials is expected to see 87% growth in earnings per share (EPS) over the next twelve months, with a price target of $27.3, suggesting an 80% upside [6] - Wheaton Precious Metals is anticipated to grow its EPS by 12.5% in the next year, with a price target of $52.7, indicating an 18% upside [6]