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Best Mining Stocks to Buy Now (2023)
Top mining stocks in 2023 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
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
MP
MP MATERIALS CORP
$2.86B$16.08$30.8091.54%Strong Buy532.87%104.93%N/AN/A
VALE
VALE SA
$71.40B$14.94$17.4416.72%Strong Buy8-3.54%-9.51%58.89%24.31%
MTRN
MATERION CORP
$2.31B$112.00$132.6718.45%Strong Buy34.98%20.57%N/AN/A
LAAC
LITHIUM AMERICAS (ARGENTINA) CORP
$842.77M$5.27$16.40211.20%Strong Buy5N/A30.41%N/AN/A
BHP
BHP GROUP LTD
$154.00B$60.80N/AN/AN/AN/A-3.51%3.90%62.73%27.56%
RIO
RIO TINTO LTD
$112.06B$68.87N/AN/AN/AN/A-6.78%4.68%34.57%17.93%
GSM
FERROGLOBE PLC
$1.01B$5.38N/AN/AN/AN/A-0.04%29.78%N/AN/A
CMP
COMPASS MINERALS INTERNATIONAL INC
$1.02B$24.66$41.0066.26%Buy24.24%151.13%N/AN/A
FURY
FURY GOLD MINES LTD
$59.38M$0.41$1.40243.14%Buy1N/AN/AN/AN/A
PLL
PIEDMONT LITHIUM INC
$502.32M$26.15$125.00378.01%Strong Buy365.20%N/AN/AN/A
BYU
BAIYU HOLDINGS INC
$8.03M$1.95N/AN/AN/AN/AN/AN/AN/AN/A
TECK
TECK RESOURCES LTD
$19.28B$37.08$55.3349.23%Strong Buy67.47%5.71%N/AN/A
UAMY
UNITED STATES ANTIMONY CORP
$27.45M$0.26N/AN/AN/AN/AN/AN/AN/AN/A
TMQ
TRILOGY METALS INC
$67.03M$0.43N/AN/AN/AN/AN/AN/AN/AN/A
IONR
IONEER LTD
$235.59M$4.49N/AN/AN/AN/AN/AN/AN/AN/A
SGML
SIGMA LITHIUM CORP
$3.21B$29.32$40.0036.43%Buy1126.52%N/A220.26%105.83%
WWR
WESTWATER RESOURCES INC
$33.45M$0.61N/AN/AN/AN/AN/AN/AN/AN/A
WRN
WESTERN COPPER & GOLD CORP
$199.83M$1.23$3.75205.13%Buy1N/AN/AN/AN/A
EMX
EMX ROYALTY CORP
$195.24M$1.74$5.75230.46%Buy1N/AN/AN/AN/A
XPL
SOLITARIO RESOURCES CORP
$42.71M$0.54$0.8048.15%Buy1N/AN/AN/AN/A
NAK
NORTHERN DYNASTY MINERALS LTD
$185.42M$0.35$0.90157.14%Buy1N/AN/AN/AN/A
SKE
SKEENA RESOURCES LTD
$398.70M$4.51N/AN/AN/AN/AN/AN/A78.20%59.46%
NEXA
NEXA RESOURCES SA
$778.74M$5.88$5.38-8.59%Sell4-3.92%N/AN/AN/A
LITM
SNOW LAKE RESOURCES LTD
$11.68M$0.64N/AN/AN/AN/AN/AN/AN/AN/A
VZLA
VIZSLA SILVER CORP
$249.53M$1.20$2.50108.33%Buy1N/AN/AN/AN/A
AMLI
AMERICAN LITHIUM CORP
$236.12M$1.10N/AN/AN/AN/AN/AN/AN/AN/A
NMG
NOUVEAU MONDE GRAPHITE INC
$153.48M$2.52$8.00217.46%Buy1N/AN/A273.66%137.07%
USAS
AMERICAS GOLD & SILVER CORP
$54.27M$0.25$25.8010,220.00%Buy3N/AN/AN/AN/A
SLI
STANDARD LITHIUM LTD
$382.00M$2.21N/AN/AN/AN/AN/AN/AN/AN/A
USGO
US GOLDMINING INC
$98.38M$7.94$22.00177.25%Buy1N/AN/AN/AN/A
IPX
IPERIONX LTD
$178.21M$9.21N/AN/AN/AN/AN/AN/AN/AN/A
LZM
LIFEZONE METALS LTD
$761.62M$9.59$14.0045.99%Strong Buy2N/AN/AN/AN/A
LAC
LITHIUM AMERICAS CORP
$1.05B$6.60$7.006.06%Hold1N/AN/AN/AN/A
GRFX
GRAPHEX GROUP LTD
$40.43M$1.04N/AN/AN/AN/AN/AN/AN/AN/A
LGO
LARGO INC
$128.74M$2.01$9.00347.76%Buy1-1.12%N/AN/AN/A
TMC
TMC THE METALS CO INC
$372.30M$1.22$5.00309.84%Buy2N/AN/AN/AN/A
ELBM
ELECTRA BATTERY MATERIALS CORP
$26.25M$0.47$1.93309.57%Strong Buy2N/AN/AN/AN/A
ABAT
AMERICAN BATTERY TECHNOLOGY CO
$202.79M$4.29N/AN/AN/AN/AN/AN/AN/AN/A
NB
NIOCORP DEVELOPMENTS LTD
$104.40M$3.15$12.00280.95%Buy1N/AN/AN/AN/A

Mining Stocks FAQ

What are the best mining stocks to buy right now in Nov 2023?

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

1. Mp Materials (NYSE:MP)


Mp Materials (NYSE:MP) is the top mining stock with a Zen Score of 56, which is 34 points higher than the mining industry average of 22. It passed 18 out of 33 due diligence checks and has strong fundamentals. Mp Materials has seen its stock lose -48.26% over the past year, underperforming other mining stocks by -28 percentage points.

Mp Materials has an average 1 year price target of $30.80, an upside of 91.54% from Mp Materials's current stock price of $16.08.

Mp Materials stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Mp Materials, 80% have issued a Strong Buy rating, 0% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Vale Sa (NYSE:VALE)


Vale Sa (NYSE:VALE) is the second best mining stock with a Zen Score of 52, which is 30 points higher than the mining industry average of 22. It passed 19 out of 38 due diligence checks and has strong fundamentals. Vale Sa has seen its stock lose -7.15% over the past year, overperforming other mining stocks by 14 percentage points.

Vale Sa has an average 1 year price target of $17.44, an upside of 16.72% from Vale Sa's current stock price of $14.94.

Vale Sa stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Vale Sa, 50% have issued a Strong Buy rating, 25% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Materion (NYSE:MTRN)


Materion (NYSE:MTRN) is the third best mining stock with a Zen Score of 45, which is 23 points higher than the mining industry average of 22. It passed 17 out of 38 due diligence checks and has strong fundamentals. Materion has seen its stock return 48.07% over the past year, overperforming other mining stocks by 69 percentage points.

Materion has an average 1 year price target of $132.67, an upside of 18.45% from Materion's current stock price of $112.00.

Materion stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Materion, 33.33% have issued a Strong Buy rating, 66.67% have issued a Buy, 0% 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 8.6%, which is 5 percentage points higher than the mining industry average of 4.02%. 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.

2. Rio Tinto (NYSE:RIO)


Rio Tinto (NYSE:RIO) has an annual dividend yield of 5.84%, which is 2 percentage points higher than the mining industry average of 4.02%. Rio Tinto's dividend payout is not stable, having dropped more than 10% eleven 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 97.3% indicates that its high dividend yield might not be sustainable for the long-term.

3. Bhp Group (NYSE:BHP)


Bhp Group (NYSE:BHP) has an annual dividend yield of 5.59%, which is 2 percentage points higher than the mining industry average of 4.02%. 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 35.3% indicates that its high dividend yield is sustainable for the long-term.

Why are mining stocks down?

Mining stocks were down -0.31% in the last day, and down -0.98% 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. Fury Gold Mines (NYSEMKT:FURY)


Fury Gold Mines (NYSEMKT:FURY) is the most undervalued mining stock based on WallStreetZen's Valuation Score. Fury Gold Mines has a valuation score of 71, which is 54 points higher than the mining industry average of 17. It passed 5 out of 7 valuation due diligence checks.

Fury Gold Mines's stock has gained 14.93% in the past year. It has overperformed other stocks in the mining industry by 36 percentage points.

2. Ferroglobe (NASDAQ:GSM)


Ferroglobe (NASDAQ:GSM) is the second most undervalued mining stock based on WallStreetZen's Valuation Score. Ferroglobe has a valuation score of 71, which is 54 points higher than the mining industry average of 17. It passed 5 out of 7 valuation due diligence checks.

Ferroglobe's stock has gained 19.82% in the past year. It has overperformed other stocks in the mining industry by 41 percentage points.

3. Mp Materials (NYSE:MP)


Mp Materials (NYSE:MP) is the third most undervalued mining stock based on WallStreetZen's Valuation Score. Mp Materials has a valuation score of 57, which is 40 points higher than the mining industry average of 17. It passed 4 out of 7 valuation due diligence checks.

Mp Materials's stock has dropped -48.26% in the past year. It has underperformed other stocks in the mining industry by -28 percentage points.

Are mining stocks a good buy now?

58.33% of mining stocks rated by analysts are a buy right now. On average, analysts expect mining stocks to rise by 87.98% 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 8.95x.
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.