Prices of platinum , which is used in everything from jewelry to fuel cells, are soaring. Last year platinum outpaced other precious metals including gold, silver and palladium to gain more than 13%, after rocketing over 26% in the last three months — its best quarter since 2008 . In January so far, it has already posted gains of more than 2% month-to-date.
Pro screened this fund for platinum producers and miners that fulfill the following criteria: Upside to average price target of at least 15%; Buy ratings from 50% or more analysts covering them. Three names turned up in the screen: Sibanye Stillwater , the world's largest primary producer of platinum, has the highest upside potential to its share price, according to FactSet data, at 22%. Over half of analysts covering the stock gave it a buy rating.
's Hannah Ward-Glenton, Pippa Stevens contributed to this report.