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Best Mining Stocks to Buy Now (2022)
Top mining stocks in 2022 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 &...
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
LGO
LARGO INC
NASDAQ
Other Industrial Metals & Mining
$353.87M$5.46-0.55%$59.94M13.65x0.24
RIO
RIO TINTO LTD
NYSE
Other Industrial Metals & Mining
$89.78B$55.182.43%$34.29B4.23x0.90
VALE
VALE SA
NYSE
Other Industrial Metals & Mining
$61.27B$12.66-0.86%$31.83B2.83x1.57
MP
MP MATERIALS CORP
NYSE
Other Industrial Metals & Mining
$4.80B$27.02-6.12%$346.78M18.90x0.80
TGB
TASEKO MINES LTD
NYSEMKT
Other Industrial Metals & Mining
$320.64M$1.12-3.45%$137.40M12.04x2.31
MTRN
MATERION CORP
NYSE
Other Industrial Metals & Mining
$1.63B$79.340.75%$144.18M21.62x1.27
BHP
BHP GROUP LTD
NYSE
Other Industrial Metals & Mining
$127.71B$50.420.58%$48.29B4.13x1.03
NEXA
NEXA RESOURCES SA
NYSE
Other Industrial Metals & Mining
$656.90M$4.96-3.69%$747.76M4.24x2.10
TECK
TECK RESOURCES LTD
NYSE
Other Industrial Metals & Mining
$16.22B$30.640.23%$8.13B3.84x0.92
UAMY
UNITED STATES ANTIMONY CORP
NYSEMKT
Other Industrial Metals & Mining
$40.37M$0.381.06%$1.94MN/A0.07
PLL
PIEDMONT LITHIUM INC
NASDAQ
Other Industrial Metals & Mining
$988.25M$55.01-7.25%-$39.74M-22.45x0.02
EMX
EMX ROYALTY CORP
NYSEMKT
Other Industrial Metals & Mining
$201.70M$1.845.75%$7.69M-39.15x0.34
CHNR
CHINA NATURAL RESOURCES INC
NASDAQ
Other Industrial Metals & Mining
$20.88M$0.512.41%-$5.78M-2.91x2.03
GSM
FERROGLOBE PLC
NASDAQ
Other Industrial Metals & Mining
$989.51M$5.28-1.86%$628.14M3.36x1.99
TMC
TMC THE METALS CO INC
NASDAQ
Other Industrial Metals & Mining
$220.34M$0.97-7.62%-$89.35M2.43x0.31
WWR
WESTWATER RESOURCES INC
NYSEMKT
Other Industrial Metals & Mining
$52.88M$1.12-5.08%-$13.17M-3.20x0.06
NAK
NORTHERN DYNASTY MINERALS LTD
NYSEMKT
Other Industrial Metals & Mining
$131.92M$0.250.40%-$17.92M-6.38x0.03
TMQ
TRILOGY METALS INC
NYSEMKT
Other Industrial Metals & Mining
$86.05M$0.59-6.35%-$22.90M-3.93x0.01
XPL
SOLITARIO ZINC CORP
NYSEMKT
Other Industrial Metals & Mining
$31.41M$0.49-2.02%-$3.31M-8.08x0.03
LAC
LITHIUM AMERICAS CORP
NYSE
Other Industrial Metals & Mining
$3.56B$26.48-4.71%-$50.89M-49.04x0.29
SLI
STANDARD LITHIUM LTD
NYSEMKT
Other Industrial Metals & Mining
$727.18M$4.37-1.35%-$18.51M-23.12x0.04
USAS
AMERICAS GOLD & SILVER CORP
NYSEMKT
Other Industrial Metals & Mining
$75.55M$0.416.77%-$32.69M-1.14x0.86
SGML
SIGMA LITHIUM CORP
NASDAQ
Other Industrial Metals & Mining
$2.63B$26.11-1.29%N/A-56.15x0.08
FURY
FURY GOLD MINES LTD
NYSEMKT
Other Industrial Metals & Mining
$55.09M$0.400.00%-$38.22M-1.31x0.04
SMTS
SIERRA METALS INC
NYSEMKT
Other Industrial Metals & Mining
$78.69M$0.48-8.57%-$3.18M-1.41x1.19
WRN
WESTERN COPPER & GOLD CORP
NYSEMKT
Other Industrial Metals & Mining
$189.36M$1.252.04%-$3.24M-40.32x0.04
CMP
COMPASS MINERALS INTERNATIONAL INC
NYSE
Other Industrial Metals & Mining
$1.31B$38.49-1.26%$118.90M-17.74x4.24
SKE
SKEENA RESOURCES LTD
NYSE
Other Industrial Metals & Mining
$311.97M$4.472.29%N/A-3.54x0.19
NMG
NOUVEAU MONDE GRAPHITE INC
NYSE
Other Industrial Metals & Mining
$300.46M$5.391.32%-$35.83M-7.56x0.25
LITM
SNOW LAKE RESOURCES LTD
NASDAQ
Other Industrial Metals & Mining
$27.46M$1.56-10.86%N/AN/A0.06
VZLA
VIZSLA SILVER CORP
NYSEMKT
Other Industrial Metals & Mining
$175.01M$1.13-2.59%N/AN/A0.04
PLM
POLYMET MINING CORP
NYSEMKT
Other Industrial Metals & Mining
$293.25M$2.89-6.47%-$12.26M-12.04x0.39
IE
IVANHOE ELECTRIC INC
NYSEMKT
Other Industrial Metals & Mining
$792.33M$8.532.16%N/AN/A0.20
IPX
IPERIONX LTD
NASDAQ
Other Industrial Metals & Mining
$781.41M$5.57-3.13%-$21.47M-34.81x0.34
EXN
EXCELLON RESOURCES INC
NYSEMKT
Other Industrial Metals & Mining
$12.07M$0.34-1.15%-$40.25M-0.19x-4.25

Mining Stocks FAQ

What are the best mining stocks to buy right now in Oct 2022?

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

1. Largo (NASDAQ:LGO)


Largo (NASDAQ:LGO) is the top mining stock with a Zen Score of 56, which is 28 points higher than the mining industry average of 28. It passed 18 out of 33 due diligence checks and has strong fundamentals. Largo has seen its stock lose -46.84% over the past year, underperforming other mining stocks by -41 percentage points.

Largo has an average 1 year price target of $19.00, an upside of 247.99% from Largo's current stock price of $5.46.

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

2. Rio Tinto (NYSE:RIO)


Rio Tinto (NYSE:RIO) is the second best mining stock with a Zen Score of 56, which is 28 points higher than the mining industry average of 28. It passed 21 out of 38 due diligence checks and has strong fundamentals. Rio Tinto has seen its stock lose -16.06% over the past year, underperforming other mining stocks by -10 percentage points.

Rio Tinto has an average 1 year price target of $81.50, an upside of 47.7% from Rio Tinto's current stock price of $55.18.

Rio Tinto stock has a consensus Hold recommendation according to Wall Street analysts. Of the 7 analysts covering Rio Tinto, 14.29% have issued a Strong Buy rating, 14.29% have issued a Buy, 57.14% have issued a hold, while 0% have issued a Sell rating, and 14.29% have issued a Strong Sell.

3. Vale Sa (NYSE:VALE)


Vale Sa (NYSE:VALE) is the third best mining stock with a Zen Score of 54, which is 26 points higher than the mining industry average of 28. It passed 20 out of 38 due diligence checks and has strong fundamentals. Vale Sa has seen its stock lose -9.38% over the past year, underperforming other mining stocks by -3 percentage points.

Vale Sa has an average 1 year price target of $19.44, an upside of 53.54% from Vale Sa's current stock price of $12.66.

Vale Sa stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Vale Sa, 22.22% have issued a Strong Buy rating, 11.11% have issued a Buy, 66.67% 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 8 mining stocks that have issued dividends in the past year, the 3 mining stocks with the highest dividend yields are:

1. Rio Tinto (NYSE:RIO)


Rio Tinto (NYSE:RIO) has an annual dividend yield of 13.52%, which is 7 percentage points higher than the mining industry average of 7.01%. 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 73.9% indicates that its high dividend yield is sustainable for the long-term.

2. Bhp Group (NYSE:BHP)


Bhp Group (NYSE:BHP) has an annual dividend yield of 12.89%, which is 6 percentage points higher than the mining industry average of 7.01%. Bhp Group's dividend payout is not stable, having dropped more than 10% six 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 53.2% indicates that its high dividend yield is sustainable for the long-term.

3. Vale Sa (NYSE:VALE)


Vale Sa (NYSE:VALE) has an annual dividend yield of 11.12%, which is 4 percentage points higher than the mining industry average of 7.01%. Vale Sa's dividend payout is not stable, having dropped more than 10% eight 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 down?

Mining stocks were down -1.45% in the last day, and down -3.2% over the last week.

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

What are the most undervalued mining stocks?

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

1. Taseko Mines (NYSEMKT:TGB)


Taseko Mines (NYSEMKT:TGB) is the most undervalued mining stock based on WallStreetZen's Valuation Score. Taseko Mines has a valuation score of 57, which is 37 points higher than the mining industry average of 20. It passed 4 out of 7 valuation due diligence checks.

Taseko Mines's stock has dropped -34.12% in the past year. It has underperformed other stocks in the mining industry by -28 percentage points.

2. Nexa Resources Sa (NYSE:NEXA)


Nexa Resources Sa (NYSE:NEXA) is the second most undervalued mining stock based on WallStreetZen's Valuation Score. Nexa Resources Sa has a valuation score of 57, which is 37 points higher than the mining industry average of 20. It passed 4 out of 7 valuation due diligence checks.

Nexa Resources Sa's stock has dropped -31.87% in the past year. It has underperformed other stocks in the mining industry by -26 percentage points.

3. Tmc The Metals Co (NASDAQ:TMC)


Tmc The Metals Co (NASDAQ:TMC) is the third most undervalued mining stock based on WallStreetZen's Valuation Score. Tmc The Metals Co has a valuation score of 57, which is 37 points higher than the mining industry average of 20. It passed 4 out of 7 valuation due diligence checks.

Tmc The Metals Co's stock has dropped -77.6% in the past year. It has underperformed other stocks in the mining industry by -71 percentage points.

Are mining stocks a good buy now?

48% of mining stocks rated by analysts are a buy right now. On average, analysts expect mining stocks to rise by 54.9% 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 2.67x.
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.