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Best Mining Stocks to Buy Now (2023)
Top mining stocks in 2023 ranked by overall Zen Score. See the best mining stocks to buy now, according to analyst forecasts for the other industrial metals & mining industry.

Industry: Other Industrial Metals &...

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
VALE	VALE SA	NYSE	Other Industrial Metals & Mining	$76.37B	$15.78	-1.00%	$31.83B	3.53x	1.57
BHP	BHP GROUP LTD	NYSE	Other Industrial Metals & Mining	$160.61B	$63.41	0.83%	$43.30B	5.75x	0.97
GSM	FERROGLOBE PLC	NASDAQ	Other Industrial Metals & Mining	$925.87M	$4.94	1.86%	$755.26M	2.02x	1.57
MP	MP MATERIALS CORP	NYSE	Other Industrial Metals & Mining	$5.01B	$28.19	2.06%	$365.29M	17.19x	0.71
MTRN	MATERION CORP	NYSE	Other Industrial Metals & Mining	$2.38B	$116.00	2.22%	$178.44M	27.68x	1.12
IE	IVANHOE ELECTRIC INC	NYSEMKT	Other Industrial Metals & Mining	$1.13B	$12.15	0.58%	-$144.01M	6.36x	0.28
UAMY	UNITED STATES ANTIMONY CORP	NYSEMKT	Other Industrial Metals & Mining	$40.10M	$0.38	1.62%	$2.11M	N/A	0.06
TECK	TECK RESOURCES LTD	NYSE	Other Industrial Metals & Mining	$18.75B	$36.50	0.86%	$6.27B	7.82x	1.02
RIO	RIO TINTO LTD	NYSE	Other Industrial Metals & Mining	$111.62B	$68.60	0.72%	$23.35B	8.95x	0.89
LGO	LARGO INC	NASDAQ	Other Industrial Metals & Mining	$331.55M	$5.18	-1.89%	$29.68M	-172.67x	0.31
EMX	EMX ROYALTY CORP	NYSEMKT	Other Industrial Metals & Mining	$220.22M	$1.99	0.00%	$14.00M	90.45x	0.37
CHNR	CHINA NATURAL RESOURCES INC	NASDAQ	Other Industrial Metals & Mining	$25.39M	$0.62	10.71%	-$5.78M	-3.54x	2.03
NAK	NORTHERN DYNASTY MINERALS LTD	NYSEMKT	Other Industrial Metals & Mining	$126.62M	$0.24	-2.45%	-$15.98M	-8.24x	0.05
WWR	WESTWATER RESOURCES INC	NYSEMKT	Other Industrial Metals & Mining	$55.39M	$1.11	-1.77%	-$10.98M	-4.44x	0.19
TMQ	TRILOGY METALS INC	NYSEMKT	Other Industrial Metals & Mining	$79.27M	$0.53	0.38%	-$24.24M	-3.14x	0.00
PLL	PIEDMONT LITHIUM INC	NASDAQ	Other Industrial Metals & Mining	$1.15B	$60.05	1.52%	-$9.54M	-81.15x	0.07
NEXA	NEXA RESOURCES SA	NYSE	Other Industrial Metals & Mining	$831.71M	$6.28	-1.10%	$659.72M	16.97x	2.21
FURY	FURY GOLD MINES LTD	NYSEMKT	Other Industrial Metals & Mining	$75.59M	$0.54	1.50%	-$17.72M	-4.17x	0.03
LITM	SNOW LAKE RESOURCES LTD	NASDAQ	Other Industrial Metals & Mining	$34.33M	$1.92	1.32%	-$6.72M	-4.40x	0.05
SLI	STANDARD LITHIUM LTD	NYSEMKT	Other Industrial Metals & Mining	$632.90M	$3.80	2.70%	-$16.57M	-29.69x	0.03
LAC	LITHIUM AMERICAS CORP	NYSE	Other Industrial Metals & Mining	$2.94B	$21.76	1.54%	-$72.33M	-31.09x	0.33
SGML	SIGMA LITHIUM CORP	NASDAQ	Other Industrial Metals & Mining	$3.80B	$37.62	-1.93%	-$45.51M	-80.56x	0.06
XPL	SOLITARIO ZINC CORP	NYSEMKT	Other Industrial Metals & Mining	$42.90M	$0.66	3.28%	-$3.86M	-11.03x	0.02
CMP	COMPASS MINERALS INTERNATIONAL INC	NYSE	Other Industrial Metals & Mining	$1.41B	$34.29	3.85%	$184.80M	-41.82x	2.46
VZLA	VIZSLA SILVER CORP	NYSEMKT	Other Industrial Metals & Mining	$274.07M	$1.52	-1.94%	-$4.49M	-69.09x	0.01
TGB	TASEKO MINES LTD	NYSEMKT	Other Industrial Metals & Mining	$475.58M	$1.66	3.11%	$56.56M	-25.54x	2.59
SKE	SKEENA RESOURCES LTD	NYSE	Other Industrial Metals & Mining	$474.48M	$6.11	0.00%	-$62.92M	-6.69x	0.22
WRN	WESTERN COPPER & GOLD CORP	NYSEMKT	Other Industrial Metals & Mining	$277.42M	$1.83	2.23%	-$3.50M	-83.18x	0.04
IPX	IPERIONX LTD	NASDAQ	Other Industrial Metals & Mining	$718.42M	$5.12	-9.84%	-$19.65M	-36.58x	0.17
AMLI	AMERICAN LITHIUM CORP	NASDAQ	Other Industrial Metals & Mining	$481.70M	$2.31	0.43%	N/A	N/A	0.01
NB	NIOCORP DEVELOPMENTS LTD	NASDAQ	Other Industrial Metals & Mining	N/A	$6.36	-3.20%	-$8.00M	-15.90x	0.48
NMG	NOUVEAU MONDE GRAPHITE INC	NYSE	Other Industrial Metals & Mining	$286.63M	$5.13	-1.35%	-$36.69M	-8.23x	1.08
PLM	POLYMET MINING CORP	NYSEMKT	Other Industrial Metals & Mining	$218.17M	$2.15	1.42%	-$14.12M	-6.32x	0.50
USAS	AMERICAS GOLD & SILVER CORP	NYSEMKT	Other Industrial Metals & Mining	$98.14M	$0.48	-4.00%	-$16.25M	-2.09x	1.14
TMC	TMC THE METALS CO INC	NASDAQ	Other Industrial Metals & Mining	$230.36M	$0.83	7.66%	-$171.58M	-1.17x	1.28

Mining Stocks FAQ

What are the best mining stocks to buy right now in Apr 2023?

According to Zen Score, the 3 best mining stocks to buy right now are:

1. Vale Sa (NYSE:VALE)

Vale Sa (NYSE:VALE) is the top mining stock with a Zen Score of 58, which is 34 points higher than the mining industry average of 24. It passed 21 out of 38 due diligence checks and has strong fundamentals. Vale Sa has seen its stock lose -21.06% over the past year, underperforming other mining stocks by -4 percentage points.

Vale Sa has an average 1 year price target of $18.50, an upside of 17.24% from Vale Sa's current stock price of $15.78.

Vale Sa stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Vale Sa, 40% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Bhp Group (NYSE:BHP)

Bhp Group (NYSE:BHP) is the second best mining stock with a Zen Score of 50, which is 26 points higher than the mining industry average of 24. It passed 18 out of 38 due diligence checks and has strong fundamentals. Bhp Group has seen its stock lose -17.92% over the past year, underperforming other mining stocks by -1 percentage points.

3. Ferroglobe (NASDAQ:GSM)

Ferroglobe (NASDAQ:GSM) is the third best mining stock with a Zen Score of 46, which is 22 points higher than the mining industry average of 24. It passed 18 out of 38 due diligence checks and has strong fundamentals. Ferroglobe has seen its stock lose -35.84% over the past year, underperforming other mining stocks by -19 percentage points.

Ferroglobe has an average 1 year price target of $11.00, an upside of 122.67% from Ferroglobe's current stock price of $4.94.

Ferroglobe stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Ferroglobe, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the mining stocks with highest dividends?

Out of 7 mining stocks that have issued dividends in the past year, the 3 mining stocks with the highest dividend yields are:

1. Bhp Group (NYSE:BHP)

Bhp Group (NYSE:BHP) has an annual dividend yield of 8.36%, which is 4 percentage points higher than the mining industry average of 4.24%. Bhp Group's dividend payout is not stable, having dropped more than 10% seven times in the last 10 years. Bhp Group's dividend has shown consistent growth over the last 10 years.

Bhp Group's dividend payout ratio of 58.9% indicates that its high dividend yield is sustainable for the long-term.

2. Rio Tinto (NYSE:RIO)

Rio Tinto (NYSE:RIO) has an annual dividend yield of 7.17%, which is 3 percentage points higher than the mining industry average of 4.24%. Rio Tinto's dividend payout is not stable, having dropped more than 10% ten times in the last 10 years. Rio Tinto's dividend has shown consistent growth over the last 10 years.

Rio Tinto's dividend payout ratio of 97.3% indicates that its high dividend yield might not be sustainable for the long-term.

3. Vale Sa (NYSE:VALE)

Vale Sa (NYSE:VALE) has an annual dividend yield of 6.95%, which is 3 percentage points higher than the mining industry average of 4.24%. Vale Sa's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Vale Sa's dividend has shown consistent growth over the last 10 years.

Vale Sa's dividend payout ratio of 60.4% indicates that its high dividend yield is sustainable for the long-term.

Why are mining stocks up?

Mining stocks were up 1% in the last day, and up 7.69% over the last week.

We couldn't find a catalyst for why mining stocks are up.

What are the most undervalued mining stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued mining stocks right now are:

1. Ferroglobe (NASDAQ:GSM)

Ferroglobe (NASDAQ:GSM) is the most undervalued mining stock based on WallStreetZen's Valuation Score. Ferroglobe has a valuation score of 100, which is 81 points higher than the mining industry average of 19. It passed 7 out of 7 valuation due diligence checks.

Ferroglobe's stock has dropped -35.84% in the past year. It has underperformed other stocks in the mining industry by -19 percentage points.

2. Vale Sa (NYSE:VALE)

Vale Sa (NYSE:VALE) is the second most undervalued mining stock based on WallStreetZen's Valuation Score. Vale Sa has a valuation score of 71, which is 52 points higher than the mining industry average of 19. It passed 5 out of 7 valuation due diligence checks.

Vale Sa's stock has dropped -21.06% in the past year. It has underperformed other stocks in the mining industry by -4 percentage points.

3. Ivanhoe Electric (NYSEMKT:IE)

Ivanhoe Electric (NYSEMKT:IE) is the third most undervalued mining stock based on WallStreetZen's Valuation Score. Ivanhoe Electric has a valuation score of 43, which is 24 points higher than the mining industry average of 19. It passed 3 out of 7 valuation due diligence checks.

Are mining stocks a good buy now?

47.83% of mining stocks rated by analysts are a buy right now. On average, analysts expect mining stocks to rise by 48.83% over the next year.

What is the average p/e ratio of the other industrial metals & mining industry?

The average P/E ratio of the other industrial metals & mining industry is 4.63x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.