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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 ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnership
Technicals
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
VALE
VALE SA
Brazil
$55.38B4,539,007,56816.14%0.00%
RIO
RIO TINTO LTD
Australia
$109.83B1,627,108,3128.03%0.00%
BHP
BHP GROUP LTD
Australia
$139.31B5,065,820,5561.90%0.00%
GSM
FERROGLOBE PLC
United Kingdom
$978.81M187,872,00049.36%0.00%
MTRN
MATERION CORP
United States
$2.37B20,645,97771.38%28.62%Net SellingNet Selling
LAAC
LITHIUM AMERICAS (ARGENTINA) CORP
Canada
$814.64M160,679,48129.54%0.00%
MP
MP MATERIALS CORP
United States
$2.83B178,077,67852.47%33.55%Net SellingNet Selling
PLL
PIEDMONT LITHIUM INC
Australia
$234.27M19,360,93952.16%6.47%Net Selling
BYU
BAIYU HOLDINGS INC
China
$22.75M19,785,6880.21%99.79%
FURY
FURY GOLD MINES LTD
Canada
$60.34M145,744,79512.14%0.00%
LGO
LARGO INC
Canada
$101.84M64,051,36262.83%0.00%
TECK
TECK RESOURCES LTD
Canada
$25.12B518,900,00063.04%0.00%
UAMY
UNITED STATES ANTIMONY CORP
United States
$22.82M107,647,3179.49%80.92%
CMP
COMPASS MINERALS INTERNATIONAL INC
United States
$501.93M41,311,29682.00%18.00%Net Selling
TMQ
TRILOGY METALS INC
Canada
$64.87M160,166,78812.68%87.32%Net SellingNet Buying
NAK
NORTHERN DYNASTY MINERALS LTD
Canada
$160.47M538,478,0109.87%0.00%
WWR
WESTWATER RESOURCES INC
United States
$25.49M56,901,9337.36%63.45%Net BuyingNet Selling
EMX
EMX ROYALTY CORP
Canada
$202.02M112,234,04010.43%0.00%
XPL
SOLITARIO RESOURCES CORP
United States
$62.12M79,636,35818.25%12.49%Net BuyingNet Selling
IONR
IONEER LTD
Australia
$295.60M2,111,412,1470.00%0.00%
SGML
SIGMA LITHIUM CORP
Canada
$1.65B110,059,47121.77%0.00%
USGO
US GOLDMINING INC
Canada
$72.28M12,398,7090.49%82.01%Net Buying
WRN
WESTERN COPPER & GOLD CORP
Canada
$245.82M166,091,24512.53%0.00%
NMG
NOUVEAU MONDE GRAPHITE INC
Canada
$122.72M60,903,8984.23%0.00%
AMLI
AMERICAN LITHIUM CORP
Canada
$132.87M214,655,8147.83%0.00%
LAC
LITHIUM AMERICAS CORP
Canada
$703.74M161,778,27424.27%0.00%
LITM
SNOW LAKE RESOURCES LTD
Canada
$19.16M20,381,0650.27%0.00%
VZLA
VIZSLA SILVER CORP
Canada
$273.43M208,726,49922.59%0.00%
SLI
STANDARD LITHIUM LTD
Canada
$226.77M173,110,08216.73%0.00%
ABAT
AMERICAN BATTERY TECHNOLOGY CO
United States
$67.97M51,884,9319.89%79.16%Net BuyingNet Selling
IPX
IPERIONX LTD
United States
$322.32M224,297,5500.28%0.00%
LZM
LIFEZONE METALS LTD
Isle Of Man
$532.24M78,269,95212.11%1.71%
USAS
AMERICAS GOLD & SILVER CORP
Canada
$62.18M247,747,28011.97%0.97%
NEXA
NEXA RESOURCES SA
Luxembourg
$978.72M132,438,6110.96%0.00%
CRML
CRITICAL METALS CORP
Australia
$637.61M81,639,8813.40%26.12%
ELBM
ELECTRA BATTERY MATERIALS CORP
Canada
$23.84M55,841,3298.79%0.00%
GRFX
GRAPHEX GROUP LTD
Hong Kong
$10.33M897,974,7880.29%0.00%
SKE
SKEENA RESOURCES LTD
Canada
$445.16M90,296,09330.76%0.00%
NB
NIOCORP DEVELOPMENTS LTD
United States
$71.93M34,915,5114.93%10.35%Net Buying
TMC
TMC THE METALS CO INC
United States
$480.56M318,249,8784.21%41.84%Net BuyingNet Selling
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 39 points higher than the mining industry average of 21. It passed 22 out of 38 due diligence checks and has strong fundamentals. Vale Sa has seen its stock lose -14.08% over the past year, overperforming other mining stocks by 12 percentage points.

Vale Sa has an average 1 year price target of $16.75, an upside of 37.3% from Vale Sa's current stock price of $12.20.

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.

2. Rio Tinto (NYSE:RIO)


Rio Tinto (NYSE:RIO) is the second best mining stock with a Zen Score of 54, which is 33 points higher than the mining industry average of 21. It passed 19 out of 38 due diligence checks and has strong fundamentals. Rio Tinto has seen its stock return 6.85% over the past year, overperforming other mining stocks by 33 percentage points.

3. Bhp Group (NYSE:BHP)


Bhp Group (NYSE:BHP) is the third best mining stock with a Zen Score of 45, which is 24 points higher than the mining industry average of 21. It passed 17 out of 38 due diligence checks and has strong fundamentals. Bhp Group has seen its stock lose -6.22% over the past year, overperforming other mining stocks by 20 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 11.69%, which is 7 percentage points higher than the mining industry average of 4.31%. 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 6.44%, which is 2 percentage points higher than the mining industry average of 4.31%. 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 5.53%, which is 1 percentage points higher than the mining industry average of 4.31%. 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 down?

Mining stocks were down -0.73% in the last day, and down -1.42% 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. 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 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 -14.08% in the past year. It has overperformed other stocks in the mining industry by 12 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 gained 6.85% in the past year. It has overperformed other stocks in the mining industry by 33 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 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 27.38% in the past year. It has overperformed other stocks in the mining industry by 53 percentage points.

Are mining stocks a good buy now?

65% of mining stocks rated by analysts are a buy right now. On average, analysts expect mining stocks to rise by 59.72% 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 14.01x.
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