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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 &...
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
RIO
RIO TINTO LTD
NYSE
Other Industrial Metals & Mining
$108.66B$66.781.66%$20.19B10.77x0.87
VALE
VALE SA
NYSE
Other Industrial Metals & Mining
$56.63B$11.851.54%$22.94B2.93x1.38
GSM
FERROGLOBE PLC
NASDAQ
Other Industrial Metals & Mining
$937.48M$4.99-1.19%$247.11M10.85x1.01
BHP
BHP GROUP LTD
NYSE
Other Industrial Metals & Mining
$147.95B$58.412.55%$20.62B20.00x1.31
LAAC
LITHIUM AMERICAS (ARGENTINA) CORP
NYSE
Other Industrial Metals & Mining
$824.29M$5.131.18%$1.32B46.64x0.27
MTRN
MATERION CORP
NYSE
Other Industrial Metals & Mining
$2.50B$120.88-0.89%$200.80M26.05x0.99
MP
MP MATERIALS CORP
NYSE
Other Industrial Metals & Mining
$2.99B$16.782.63%$94.04M119.86x0.71
PLL
PIEDMONT LITHIUM INC
NASDAQ
Other Industrial Metals & Mining
$261.57M$13.510.60%-$18.12M-11.85x0.15
BYU
BAIYU HOLDINGS INC
NASDAQ
Other Industrial Metals & Mining
$23.74M$1.202.56%$11.99M-2.50x0.19
LGO
LARGO INC
NASDAQ
Other Industrial Metals & Mining
$92.23M$1.440.70%$3.82M-2.82x0.51
FURY
FURY GOLD MINES LTD
NYSEMKT
Other Industrial Metals & Mining
$74.04M$0.51-0.59%$13.17M5.77x0.03
UAMY
UNITED STATES ANTIMONY CORP
NYSEMKT
Other Industrial Metals & Mining
$26.27M$0.240.83%-$5.39M-4.07x0.10
TECK
TECK RESOURCES LTD
NYSE
Other Industrial Metals & Mining
$24.43B$47.200.15%$4.63B13.70x1.03
SGML
SIGMA LITHIUM CORP
NASDAQ
Other Industrial Metals & Mining
$1.48B$13.50-1.32%-$66.34M-17.58x1.08
XPL
SOLITARIO RESOURCES CORP
NYSEMKT
Other Industrial Metals & Mining
$55.51M$0.700.00%-$3.69M-13.94x0.03
IONR
IONEER LTD
NASDAQ
Other Industrial Metals & Mining
$274.48M$5.20-6.31%N/A-0.66x0.03
TMQ
TRILOGY METALS INC
NYSEMKT
Other Industrial Metals & Mining
$64.07M$0.40-20.48%-$13.47M-4.44x0.00
WWR
WESTWATER RESOURCES INC
NYSEMKT
Other Industrial Metals & Mining
$26.12M$0.46-1.08%-$7.40M-3.06x0.07
NAK
NORTHERN DYNASTY MINERALS LTD
NYSEMKT
Other Industrial Metals & Mining
$158.85M$0.30-11.94%-$15.34M-10.17x0.17
CMP
COMPASS MINERALS INTERNATIONAL INC
NYSE
Other Industrial Metals & Mining
$550.68M$13.33-1.99%$105.60M-9.07x2.93
EMX
EMX ROYALTY CORP
NYSEMKT
Other Industrial Metals & Mining
$216.61M$1.930.52%$5.09M-66.55x0.32
USGO
US GOLDMINING INC
NASDAQ
Other Industrial Metals & Mining
$85.55M$6.90-3.50%-$9.29M-8.41x0.07
WRN
WESTERN COPPER & GOLD CORP
NYSEMKT
Other Industrial Metals & Mining
$232.53M$1.40-0.71%-$2.30M-93.33x0.03
NMG
NOUVEAU MONDE GRAPHITE INC
NYSE
Other Industrial Metals & Mining
$124.85M$2.050.00%-$34.53M-3.00x1.28
ABAT
AMERICAN BATTERY TECHNOLOGY CO
NASDAQ
Other Industrial Metals & Mining
$74.20M$1.43-4.67%-$28.67M-2.07x0.34
LITM
SNOW LAKE RESOURCES LTD
NASDAQ
Other Industrial Metals & Mining
$18.83M$0.921.54%N/A-1.96x0.25
VZLA
VIZSLA SILVER CORP
NYSEMKT
Other Industrial Metals & Mining
$300.57M$1.442.86%-$12.89M-21.82x0.02
SLI
STANDARD LITHIUM LTD
NYSEMKT
Other Industrial Metals & Mining
$185.23M$1.07-4.46%-$39.12M-4.48x0.08
AMLI
AMERICAN LITHIUM CORP
NASDAQ
Other Industrial Metals & Mining
$126.22M$0.59-0.34%-$42.95M-2.94x0.03
IPX
IPERIONX LTD
NASDAQ
Other Industrial Metals & Mining
$314.69M$14.030.21%N/A-14.03x0.13
LAC
LITHIUM AMERICAS CORP
NYSE
Other Industrial Metals & Mining
$1.07B$6.632.16%-$3.39M-331.50x0.08
LZM
LIFEZONE METALS LTD
NYSE
Other Industrial Metals & Mining
$623.03M$7.962.71%-$362.62M-1.49x0.31
NEXA
NEXA RESOURCES SA
NYSE
Other Industrial Metals & Mining
$942.96M$7.120.00%$208.95M-3.27x2.82
USAS
AMERICAS GOLD & SILVER CORP
NYSEMKT
Other Industrial Metals & Mining
$60.14M$0.281.85%-$7.98M-1.72x2.03
CRML
CRITICAL METALS CORP
NASDAQ
Other Industrial Metals & Mining
$612.30M$7.50-17.58%N/A-0.00x0.13
SKE
SKEENA RESOURCES LTD
NYSE
Other Industrial Metals & Mining
$421.68M$4.67-0.64%-$78.44M-4.92x0.57
ELBM
ELECTRA BATTERY MATERIALS CORP
NASDAQ
Other Industrial Metals & Mining
$22.62M$0.41-0.25%N/A-13.50x0.60
GRFX
GRAPHEX GROUP LTD
NYSEMKT
Other Industrial Metals & Mining
$9.70M$0.22-10.00%N/AN/A1.29
TMC
TMC THE METALS CO INC
NASDAQ
Other Industrial Metals & Mining
$528.29M$1.66-3.49%-$71.80M-6.38x5.31
NB
NIOCORP DEVELOPMENTS LTD
NASDAQ
Other Industrial Metals & Mining
$85.54M$2.45-11.87%-$35.31M-1.94x-3.70

Mining Stocks FAQ

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

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

1. Rio Tinto (NYSE:RIO)


Rio Tinto (NYSE:RIO) is the top mining stock with a Zen Score of 57, which is 36 points higher than the mining industry average of 21. It passed 20 out of 38 due diligence checks and has strong fundamentals. Rio Tinto has seen its stock lose -3.51% over the past year, overperforming other mining stocks by 26 percentage points.

2. Vale Sa (NYSE:VALE)


Vale Sa (NYSE:VALE) is the second best mining stock with a Zen Score of 56, which is 35 points higher than the mining industry average of 21. It passed 20 out of 38 due diligence checks and has strong fundamentals. Vale Sa has seen its stock lose -24.43% over the past year, overperforming other mining stocks by 5 percentage points.

Vale Sa has an average 1 year price target of $16.75, an upside of 41.35% from Vale Sa's current stock price of $11.85.

Vale Sa stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Vale Sa, 37.5% have issued a Strong Buy rating, 25% have issued a Buy, 37.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Ferroglobe (NASDAQ:GSM)


Ferroglobe (NASDAQ:GSM) is the third best mining stock with a Zen Score of 44, which is 23 points higher than the mining industry average of 21. It passed 17 out of 38 due diligence checks and has strong fundamentals. Ferroglobe has seen its stock return 15.78% over the past year, overperforming other mining stocks by 45 percentage points.

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. Nexa Resources Sa (NYSE:NEXA)


Nexa Resources Sa (NYSE:NEXA) has an annual dividend yield of N/A, which is N/A percentage points lower than the mining industry average of 4.26%. Nexa Resources Sa's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Nexa Resources Sa's dividend has not shown consistent growth over the last 10 years.

Nexa Resources Sa's dividend payout ratio of 0% indicates that its dividend yield might not be sustainable for the long-term.

2. Vale Sa (NYSE:VALE)


Vale Sa (NYSE:VALE) has an annual dividend yield of 12.04%, which is 8 percentage points higher than the mining industry average of 4.26%. 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 27.1% indicates that its high dividend yield is sustainable for the long-term.

3. Rio Tinto (NYSE:RIO)


Rio Tinto (NYSE:RIO) has an annual dividend yield of 6.51%, which is 2 percentage points higher than the mining industry average of 4.26%. 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.

Why are mining stocks down?

Mining stocks were down -0.15% in the last day, and down -4.11% over the last week. Trilogy Metals was the among the top losers in the other industrial metals & mining industry, dropping -20.48% yesterday.

Trilogy Metals shares are trading lower after the company provided an update on the Ambler Access Project.

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 71, which is 55 points higher than the mining industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Ferroglobe's stock has gained 15.78% in the past year. It has overperformed other stocks in the mining industry by 45 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 55 points higher than the mining industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Rio Tinto's stock has dropped -3.51% in the past year. It has overperformed other stocks in the mining industry by 26 percentage points.

3. Vale Sa (NYSE:VALE)


Vale Sa (NYSE:VALE) is the third most undervalued mining stock based on WallStreetZen's Valuation Score. Vale Sa has a valuation score of 71, which is 55 points higher than the mining industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Vale Sa's stock has dropped -24.43% in the past year. It has overperformed other stocks in the mining industry by 5 percentage points.

Are mining stocks a good buy now?

63.64% of mining stocks rated by analysts are a buy right now. On average, analysts expect mining stocks to rise by 57.67% 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 13.13x.
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.