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Best Mining Stocks to Buy Now (2024)
Top mining stocks in 2024 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 &...
OverviewZen ScorePriceValuationFinancialsForecast
Earnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
VALE
VALE SA
$57.24B$12.61$17.0034.81%Buy71.02%55.41%N/AN/A
RIO
RIO TINTO LTD
$112.17B$68.94N/AN/AN/AN/A-4.68%31.09%N/AN/A
GSM
FERROGLOBE PLC
$1.01B$5.38N/AN/AN/AN/A-0.32%59.48%N/AN/A
BHP
BHP GROUP LTD
$142.50B$56.26N/AN/AN/AN/A-0.92%37.37%N/AN/A
LAAC
LITHIUM AMERICAS (ARGENTINA) CORP
$822.68M$5.12$7.1739.98%Hold3N/A104.45%N/AN/A
MTRN
MATERION CORP
$2.22B$107.23$156.0045.48%Strong Buy18.58%N/AN/AN/A
PLL
PIEDMONT LITHIUM INC
$258.08M$13.33$37.50181.32%Buy288.82%N/AN/AN/A
BYU
BAIYU HOLDINGS INC
$23.54M$1.19N/AN/AN/AN/AN/AN/AN/AN/A
MP
MP MATERIALS CORP
$2.55B$15.41$21.6440.45%Buy740.12%N/AN/AN/A
FURY
FURY GOLD MINES LTD
$58.30M$0.40$1.50275.00%Buy1N/AN/AN/AN/A
TECK
TECK RESOURCES LTD
$25.58B$49.29$52.336.17%Strong Buy3-7.09%11.34%N/AN/A
UAMY
UNITED STATES ANTIMONY CORP
$24.01M$0.22N/AN/AN/AN/AN/AN/AN/AN/A
LGO
LARGO INC
$106.97M$1.67$4.70181.44%Buy1-4.91%N/AN/AN/A
CMP
COMPASS MINERALS INTERNATIONAL INC
$526.72M$12.75$31.00143.14%Buy42.34%N/AN/AN/A
XPL
SOLITARIO RESOURCES CORP
$65.76M$0.81$1.1035.97%Buy1N/AN/AN/AN/A
TMQ
TRILOGY METALS INC
$64.07M$0.40N/AN/AN/AN/AN/AN/AN/AN/A
NAK
NORTHERN DYNASTY MINERALS LTD
$159.93M$0.30$0.80169.36%Buy1N/AN/AN/AN/A
WWR
WESTWATER RESOURCES INC
$24.98M$0.44N/AN/AN/AN/AN/AN/AN/AN/A
IONR
IONEER LTD
$285.04M$5.40N/AN/AN/AN/AN/AN/AN/AN/A
EMX
EMX ROYALTY CORP
$207.07M$1.85$6.50252.30%Buy1N/AN/AN/AN/A
SGML
SIGMA LITHIUM CORP
$1.76B$15.98$29.5084.61%Strong Buy2121.25%N/A226.10%99.44%
USGO
US GOLDMINING INC
$72.78M$5.87$23.00291.82%Buy1N/AN/AN/AN/A
WRN
WESTERN COPPER & GOLD CORP
$245.82M$1.48N/AN/AN/AN/AN/AN/AN/AN/A
NMG
NOUVEAU MONDE GRAPHITE INC
$124.55M$2.05$8.00291.20%Buy1N/AN/A340.87%149.70%
ABAT
AMERICAN BATTERY TECHNOLOGY CO
$71.08M$1.37N/AN/AN/AN/AN/AN/AN/AN/A
LAC
LITHIUM AMERICAS CORP
$726.38M$4.49$6.5345.50%Hold3N/AN/AN/AN/A
LITM
SNOW LAKE RESOURCES LTD
$18.55M$0.91N/AN/AN/AN/AN/AN/AN/AN/A
VZLA
VIZSLA SILVER CORP
$285.96M$1.37$4.00191.97%Buy2N/AN/AN/AN/A
SLI
STANDARD LITHIUM LTD
$221.58M$1.28N/AN/AN/AN/AN/AN/AN/AN/A
AMLI
AMERICAN LITHIUM CORP
$145.97M$0.68N/AN/AN/AN/AN/AN/AN/AN/A
IPX
IPERIONX LTD
$315.36M$14.06N/AN/AN/AN/AN/AN/AN/AN/A
LZM
LIFEZONE METALS LTD
$557.28M$7.12$12.5075.56%Strong Buy2N/AN/AN/AN/A
USAS
AMERICAS GOLD & SILVER CORP
$61.94M$0.25$0.80220.00%Buy1N/AN/AN/AN/A
NEXA
NEXA RESOURCES SA
$970.78M$7.33$6.83-6.78%Hold32.17%N/AN/AN/A
SKE
SKEENA RESOURCES LTD
$420.78M$4.66N/AN/AN/AN/AN/AN/AN/AN/A
CRML
CRITICAL METALS CORP
$813.95M$9.97N/AN/AN/AN/AN/AN/AN/AN/A
ELBM
ELECTRA BATTERY MATERIALS CORP
$26.19M$0.47$1.60241.15%Buy1N/AN/AN/AN/A
GRFX
GRAPHEX GROUP LTD
$10.24M$0.23N/AN/AN/AN/AN/AN/AN/AN/A
NB
NIOCORP DEVELOPMENTS LTD
$94.86M$2.60N/AN/AN/AN/AN/AN/AN/AN/A
TMC
TMC THE METALS CO INC
$477.37M$1.50N/AN/AN/AN/AN/AN/AN/AN/A
1

Mining Stocks FAQ

What are the best mining stocks to buy right now in May 2024?

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 60, which is 40 points higher than the mining industry average of 20. It passed 22 out of 38 due diligence checks and has strong fundamentals. Vale Sa has seen its stock lose -8.56% over the past year, overperforming other mining stocks by 18 percentage points.

Vale Sa has an average 1 year price target of $17.00, an upside of 34.81% from Vale Sa's current stock price of $12.61.

Vale Sa stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Vale Sa, 42.86% have issued a Strong Buy rating, 14.29% have issued a Buy, 42.86% 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 54, which is 34 points higher than the mining industry average of 20. It passed 19 out of 38 due diligence checks and has strong fundamentals. Rio Tinto has seen its stock return 11.18% over the past year, overperforming other mining stocks by 37 percentage points.

3. Ferroglobe (NASDAQ:GSM)


Ferroglobe (NASDAQ:GSM) is the third best mining stock with a Zen Score of 44, which is 24 points higher than the mining industry average of 20. It passed 17 out of 38 due diligence checks and has strong fundamentals. Ferroglobe has seen its stock return 31.86% over the past year, overperforming other mining stocks by 58 percentage points.

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. Vale Sa (NYSE:VALE)


Vale Sa (NYSE:VALE) has an annual dividend yield of 11.31%, which is 7 percentage points higher than the mining industry average of 4.18%. 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 78% 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 6.31%, which is 2 percentage points higher than the mining industry average of 4.18%. 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 64.8% indicates that its high dividend yield is sustainable for the long-term.

3. Bhp Group (NYSE:BHP)


Bhp Group (NYSE:BHP) has an annual dividend yield of 5.4%, which is 1 percentage points higher than the mining industry average of 4.18%. Bhp Group's dividend payout is not stable, having dropped more than 10% eight 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 116.4% indicates that its high dividend yield might not be sustainable for the long-term.

Why are mining stocks up?

Mining stocks were up 0.32% in the last day, and down -3% 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. Vale Sa (NYSE:VALE)


Vale Sa (NYSE:VALE) is the most undervalued mining stock based on WallStreetZen's Valuation Score. Vale Sa has a valuation score of 71, which is 56 points higher than the mining industry average of 15. It passed 5 out of 7 valuation due diligence checks.

Vale Sa's stock has dropped -8.56% in the past year. It has overperformed other stocks in the mining industry by 18 percentage points.

2. Rio Tinto (NYSE:RIO)


Rio Tinto (NYSE:RIO) is the second most undervalued mining stock based on WallStreetZen's Valuation Score. Rio Tinto has a valuation score of 71, which is 56 points higher than the mining industry average of 15. It passed 5 out of 7 valuation due diligence checks.

Rio Tinto's stock has gained 11.18% in the past year. It has overperformed other stocks in the mining industry by 37 percentage points.

3. Ferroglobe (NASDAQ:GSM)


Ferroglobe (NASDAQ:GSM) is the third most undervalued mining stock based on WallStreetZen's Valuation Score. Ferroglobe has a valuation score of 71, which is 56 points higher than the mining industry average of 15. It passed 5 out of 7 valuation due diligence checks.

Ferroglobe's stock has gained 31.86% in the past year. It has overperformed other stocks in the mining industry by 58 percentage points.

Are mining stocks a good buy now?

66.67% of mining stocks rated by analysts are a buy right now. On average, analysts expect mining stocks to rise by 61.85% 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 18.89x.
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