Tariffs on Canadian goods, fresh duties on dozens of countries, and a sharp pullback in AI and chipmaker stocks have pushed trade and manufacturing back into the spotlight. Short term volatility can open gaps between fear and fundamentals, which often attracts investors hunting for mispriced opportunities. This article unpacks three US domestic manufacturing stocks exposed to these headlines and explains why some readers may want them on their watchlist in the current environment.

The stocks covered below are just a sample, and the full screen surfaced 24 more US domestic manufacturing companies with equally compelling stories that are not included in this article. If you want to go straight to the source, use the US Domestic Manufacturing Stocks screener to identify, filter, and analyze the ideas that best fit your own criteria.

Gold Royalty (GROY)

Gold Royalty is a precious metals royalty company that funds miners in return for a slice of future production across projects in the US, Canada, Brazil, Mexico, and Bosnia and Herzegovina. Instead of operating mines, it seeks exposure to gold and other metals through royalties and streams, and is currently valued at about US$771 million in market cap.

Gold Royalty sits at the intersection of rising trade barriers and renewed interest in hard assets. It is a pure play on royalty income from US and allied-country mines at a time when tariffs are pushing supply chains closer to home and geopolitical risk is back in focus. Recent results show the business moving from losses to profit, but the stock still trades on a rich revenue multiple and has a history of dilution and reliance on external funding. For investors who want exposure to potential future cash flow growth from domestic gold production without owning an operator, Gold Royalty is a story worth watching more closely.

Gold Royalty’s shift from losses to profit with a rich revenue multiple hints at a story investors may not have fully priced in. For a deeper look at growth potential and dilution risk, see the 3 key rewards and 1 important major warning sign

Build your own royalty and resources watchlist

Gold Royalty and the other two stocks in this article all came from a single Simply Wall St screen, but the real value is in creating filters that fit your own approach. Use our flexible Screener to mix metrics like valuation, future growth, balance sheet strength and risks, or jump straight into our curated Investing Ideas.

Almonty Industries (ALM)

Almonty Industries is a tungsten and tin producer that mines, processes, and ships concentrates from projects it owns across Canada, Korea, Portugal, Spain, and the US. Almost all current revenue, about CA$49.9 million, comes from the Panasqueira operation, with Woulfe contributing a very small CA$0.1 million. The company sits in the mid cap bracket with a market value of roughly US$4.1b.

Almonty Industries gives you direct exposure to tungsten at a time when tariffs, supply chain reshoring, and higher trade barriers are putting more focus on secure sources of critical metals. The ramp up at Sangdong, the long term offtake extension with Global Tungsten & Powders, and index inclusions through 2026 highlight its growing industrial relevance. At the same time, the company faces a rich valuation, ongoing losses, dilution and insider selling, along with a volatile share price and a balance sheet funded entirely by external borrowings. That mix of opportunity and risk is one reason many investors are watching Almonty rather than ignoring it.

Almonty’s tungsten story is gaining attention, and the combination of the Sangdong ramp up, index inclusions and a fully debt funded balance sheet leaves a key question hanging. Get the full context in the 2 key rewards and 3 important warning signs (1 is major!)

Coeur Mining (CDE)

Coeur Mining is a long established precious metals producer that runs gold and silver mines across the United States, Mexico, and Canada, selling concentrates to refiners and smelters under off take agreements. The business is spread across six operating segments, with Las Chispas, Palmarejo, Rochester, Kensington, and Wharf each contributing between about $325 million and $640 million in revenue, which helps reduce reliance on any single mine. Coeur Mining currently carries a market value of roughly $17.9b.

Coeur Mining sits in the crosshairs of the latest tariff sweep because it offers US and North American precious metals production at a time when imported supply faces rising costs and uncertainty. The company already has a broad multi mine portfolio, a large 2026 exploration program at Palmarejo and Las Chispas, and a track record of improving margins and strong recent earnings growth, while analysts also note a gap between the current share price and their valuation work. On the other hand, investors still have to weigh dilution in the past year and a capital intensive, externally funded balance sheet. That mix of tailwinds and pressure points is one reason many readers may want to look more closely at what the market may be missing here.

Coeur Mining’s expanding multi mine story and analyst valuation work raise a broader rerating question that many investors may not have fully connected yet. Get the full picture in the analysis report for Coeur Mining

Seeking Alternatives Before The Crowd Moves

Fresh opportunities are always slipping from under the radar to the front page as momentum builds and prices start flying. Spot potential breakouts while it matters and get in early.

• Spot income workhorses with reliable cash flow profiles using the curated 8 dividend fortresses before yields get compressed and the best options are caught by income funds.
• Track early movers in AI infrastructure and hardware cycles through the hand picked 56 AI infrastructure stocks while these potential compounders are still dropping in and out of mainstream attention.
• Hunt for potential under the radar growth stories across robotics and automation using the carefully filtered 37 robotics and automation stocks before momentum screens start chasing the same tickers.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.