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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 &...

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

Ticker	Company	Price	Volume	Vol 1d %	SMA 10	SMA 20	SMA 50	SMA 100	SMA 200	RSI	Stochastic %K	Stochastic %D	StochRSI %K	StochRSI %D	MACD	MACD Signal	MACD Histogram	Beta
VALE	VALE SA	$12.56	15,572,737	-13.95%	12.53	12.35	12.33	13.26	13.54	54.35	61.07	61.93	61.77	63.47	0.08	0.04	0.04	1.06
RIO	RIO TINTO LTD	$69.69	2,920,466	83.72%	69.29	68.41	65.78	67.56	66.12	60.71	80.97	83.26	57.84	59.60	1.09	1.05	0.04	0.92
TGB	TASEKO MINES LTD	$2.74	3,769,964	164.75%	2.51	2.49	2.26	1.85	1.56	66.58	75.54	66.41	51.93	40.68	0.09	0.09	0.00	1.19
BHP	BHP GROUP LTD	$58.79	2,541,668	71.29%	56.79	57.23	57.52	59.77	59.16	57.54	64.33	54.74	80.00	70.72	-0.15	-0.35	0.20	1.04
ERO	ERO COPPER CORP	$22.12	396,975	-10.48%	21.23	20.56	19.73	17.80	17.14	65.17	82.16	84.73	92.50	93.10	0.59	0.49	0.11	1.29
LAAC	LITHIUM AMERICAS (ARGENTINA) CORP	$5.00	1,851,624	134.58%	5.24	5.14	5.17	5.08	8.33	45.62	48.53	65.86	35.70	57.87	0.03	0.04	-0.00	1.68
GSM	FERROGLOBE PLC	$5.58	2,615,550	85.07%	5.41	5.26	4.98	5.28	5.24	67.34	76.79	74.82	87.28	86.00	0.13	0.11	0.02	1.32
MTRN	MATERION CORP	$112.16	57,329	-36.22%	111.20	115.09	123.83	124.36	115.46	40.77	47.87	47.14	81.80	79.81	-3.52	-3.84	0.32	1.17
PLL	PIEDMONT LITHIUM INC	$15.64	681,110	-0.68%	13.49	12.78	12.99	16.01	26.07	66.00	85.23	80.31	95.59	93.09	0.35	0.03	0.31	1.43
TECK	TECK RESOURCES LTD	$52.54	2,720,449	35.32%	50.30	49.10	46.60	42.98	41.17	67.49	91.47	89.40	81.55	76.57	1.49	1.30	0.18	1.28
MP	MP MATERIALS CORP	$18.42	7,306,254	108.94%	16.24	16.21	15.43	16.21	17.45	68.66	68.56	58.29	82.08	71.27	0.31	0.18	0.13	1.56
UAMY	UNITED STATES ANTIMONY CORP	$0.21	129,645	-2.95%	0.22	0.23	0.24	0.24	0.29	40.03	15.71	13.29	38.85	30.79	-0.01	-0.01	-0.00	0.57
EMX	EMX ROYALTY CORP	$1.89	229,107	-15.30%	1.87	1.89	1.84	1.69	1.72	51.92	67.48	67.61	71.85	72.73	0.01	0.02	-0.00	0.62
LGO	LARGO INC	$1.63	49,765	131.39%	1.63	1.57	1.62	1.86	2.35	52.34	46.50	49.97	37.61	41.46	0.01	-0.00	0.01	1.32
CMP	COMPASS MINERALS INTERNATIONAL INC	$12.67	569,479	-21.24%	12.79	12.95	15.30	18.94	23.41	39.99	33.17	39.27	57.85	61.47	-0.69	-0.85	0.16	1.17
SGML	SIGMA LITHIUM CORP	$17.94	1,028,044	48.11%	16.64	15.30	14.42	17.97	24.21	69.02	81.19	84.37	68.72	77.47	0.89	0.61	0.29	1.25
XPL	SOLITARIO RESOURCES CORP	$0.82	57,169	25.71%	0.79	0.74	0.65	0.60	0.58	68.43	78.73	74.87	72.50	68.90	0.04	0.04	0.00	0.66
TMQ	TRILOGY METALS INC	$0.53	543,530	-45.80%	0.43	0.42	0.46	0.46	0.46	65.74	77.63	65.35	91.15	90.97	0.00	-0.01	0.01	0.91
NAK	NORTHERN DYNASTY MINERALS LTD	$0.30	1,213,108	90.55%	0.29	0.29	0.30	0.29	0.30	50.94	35.24	20.67	52.80	27.78	-0.01	-0.00	-0.00	0.76
FURY	FURY GOLD MINES LTD	$0.41	192,139	-2.66%	0.40	0.45	0.45	0.42	0.40	40.90	17.95	14.03	27.91	18.33	-0.02	-0.01	-0.01	0.61
IONR	IONEER LTD	$5.88	6,114	-15.37%	5.60	5.34	4.91	4.22	4.78	61.31	87.51	83.27	84.20	84.08	0.25	0.22	0.03	0.88
WRN	WESTERN COPPER & GOLD CORP	$1.51	242,459	117.46%	1.47	1.47	1.48	1.33	1.34	55.13	33.33	30.20	26.13	16.63	0.00	0.01	-0.00	1.04
WWR	WESTWATER RESOURCES INC	$0.45	200,133	-31.67%	0.47	0.45	0.47	0.50	0.58	44.89	40.96	55.73	37.72	58.94	-0.00	-0.00	0.00	1.02
AMLI	AMERICAN LITHIUM CORP	$0.65	408,453	41.51%	0.65	0.60	0.67	0.80	1.05	51.90	80.78	80.04	85.98	85.24	0.00	-0.01	0.01	1.60
CHNR	CHINA NATURAL RESOURCES INC	$0.94	140,418	112.09%	0.95	0.99	1.12	1.22	1.54	40.44	24.81	24.64	28.99	29.69	-0.06	-0.06	0.00	0.65
LITM	SNOW LAKE RESOURCES LTD	$0.85	34,867	81.75%	0.89	0.90	0.92	0.98	1.12	43.39	18.43	21.07	16.47	12.90	-0.02	-0.01	-0.00	1.58
ABAT	AMERICAN BATTERY TECHNOLOGY CO	$1.31	375,585	-42.79%	1.35	1.35	1.66	2.40	3.30	35.01	50.69	62.27	75.31	87.07	-0.10	-0.12	0.02	-7.54
DC	DAKOTA GOLD CORP	$2.92	241,934	34.38%	2.60	2.55	2.42	2.34	2.54	63.80	81.92	69.71	78.41	62.59	0.07	0.05	0.02	0.86
USGO	US GOLDMINING INC	$5.33	5,385	161.79%	5.67	5.89	5.98	6.12	7.06	41.05	11.90	18.35	28.40	26.65	-0.20	-0.13	-0.07	0.62
SLI	STANDARD LITHIUM LTD	$1.82	2,007,820	-44.06%	1.12	1.11	1.28	1.17	0.94	44.00	47.85	48.47	72.03	71.52	-0.04	-0.05	0.01	2.00
VZLA	VIZSLA SILVER CORP	$1.64	1,804,830	51.03%	1.43	1.40	1.35	1.32	1.19	73.64	98.11	97.35	100.00	100.00	0.04	0.02	0.02	1.07
USAS	AMERICAS GOLD & SILVER CORP	$0.30	719,040	8.57%	0.27	0.27	0.25	0.24	0.28	62.50	76.27	73.66	98.90	91.55	0.01	0.01	0.00	0.73
NEXA	NEXA RESOURCES SA	$7.45	16,261	-66.99%	7.37	7.33	7.27	7.09	6.44	56.19	70.89	69.10	36.42	36.29	0.03	0.04	-0.01	1.18
GRFX	GRAPHEX GROUP LTD	$0.29	405,239	32.62%	0.33	0.27	0.31	0.51	0.83	47.77	41.61	52.41	53.23	66.69	0.01	0.00	0.01	0.42
ELBM	ELECTRA BATTERY MATERIALS CORP	$0.46	57,169	261.78%	0.46	0.44	0.46	0.45	0.54	54.64	59.93	56.69	68.62	65.96	0.00	-0.00	0.01	0.94
NB	NIOCORP DEVELOPMENTS LTD	$2.38	136,260	139.81%	2.43	2.39	2.58	2.76	3.28	46.15	54.97	63.63	63.56	73.07	-0.05	-0.07	0.01	-3.32
LAC	LITHIUM AMERICAS CORP	$4.57	5,607,376	6.18%	4.44	4.62	5.68	5.38	N/A	40.85	38.41	27.84	92.14	87.10	-0.39	-0.43	0.03	2.25
TMC	TMC THE METALS CO INC	$1.46	1,975,210	55.95%	1.50	1.56	1.61	1.45	1.27	43.13	17.40	18.28	36.20	34.43	-0.04	-0.03	-0.01	1.00

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 -10.8% over the past year, overperforming other mining stocks by 14 percentage points.

Vale Sa has an average 1 year price target of $17.00, an upside of 35.35% from Vale Sa's current stock price of $12.56.

Vale Sa stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Vale Sa, 57.14% have issued a Strong Buy rating, 14.29% have issued a Buy, 28.57% 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 10.78% over the past year, overperforming other mining stocks by 36 percentage points.

3. Taseko Mines (NYSEMKT:TGB)

Taseko Mines (NYSEMKT:TGB) is the third best mining stock with a Zen Score of 50, which is 29 points higher than the mining industry average of 21. It passed 16 out of 33 due diligence checks and has strong fundamentals. Taseko Mines has seen its stock return 86.39% over the past year, overperforming other mining stocks by 111 percentage points.

Taseko Mines has an average 1 year price target of $2.50, a downside of -8.76% from Taseko Mines's current stock price of $2.74.

Taseko Mines stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Taseko Mines, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% 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. Vale Sa (NYSE:VALE)

Vale Sa (NYSE:VALE) has an annual dividend yield of 11.36%, which is 7 percentage points higher than the mining industry average of 4.14%. 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 6.24%, which is 2 percentage points higher than the mining industry average of 4.14%. 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 5.17%, which is 1 percentage points higher than the mining industry average of 4.14%. 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 1.49% in the last day, and up 1.99% 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 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 25.39% in the past year. It has overperformed other stocks in the mining industry by 50 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 10.78% in the past year. It has overperformed other stocks in the mining industry by 36 percentage points.

3. Taseko Mines (NYSEMKT:TGB)

Taseko Mines (NYSEMKT:TGB) is the third most undervalued mining stock based on WallStreetZen's Valuation Score. Taseko Mines 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.

Taseko Mines's stock has gained 86.39% in the past year. It has overperformed other stocks in the mining industry by 111 percentage points.

Are mining stocks a good buy now?

55% of mining stocks rated by analysts are a buy right now. On average, analysts expect mining stocks to rise by 50.06% 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 22.09x.

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.

Sectors & Industries Basic MaterialsOther Industrial Metals & Mining
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.

Mining Stocks FAQ

1. Vale Sa (NYSE:VALE)

2. Rio Tinto (NYSE:RIO)

3. Taseko Mines (NYSEMKT:TGB)

1. Vale Sa (NYSE:VALE)

2. Rio Tinto (NYSE:RIO)

3. Bhp Group (NYSE:BHP)

1. Ferroglobe (NASDAQ:GSM)

2. Rio Tinto (NYSE:RIO)

3. Taseko Mines (NYSEMKT:TGB)

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