WallStreetZenWallStreetZen

Sectors & IndustriesBasic 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.

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
VALE
VALE SA
$45.98B$10.13$16.3661.47%Strong Buy7-0.01%8.51%25.34%10.62%
RIO
RIO TINTO LTD
$97.15B$59.71N/AN/AN/AN/A-3.26%9.64%23.30%12.28%
BHP
BHP GROUP LTD
$130.31B$51.39N/AN/AN/AN/A-1.78%28.23%57.98%25.38%
MTRN
MATERION CORP
$2.15B$103.67$152.0046.62%Strong Buy18.49%31.90%N/AN/A
BYU
BAIYU HOLDINGS INC
$50.44M$1.01N/AN/AN/AN/AN/AN/AN/AN/A
GSM
FERROGLOBE PLC
$796.94M$4.21N/AN/AN/AN/A4.13%18.80%13.29%6.97%
SGML
SIGMA LITHIUM CORP
$1.02B$9.24$24.50165.15%Strong Buy2-3.15%-62.77%93.36%29.28%
PLL
PIEDMONT LITHIUM INC
$129.40M$6.68$32.33383.91%Strong Buy435.19%N/A1.23%1.08%
LAAC
LITHIUM AMERICAS (ARGENTINA) CORP
$372.44M$2.31$4.2583.98%Buy1N/AN/A8.61%6.78%
WRN
WESTERN COPPER & GOLD CORP
$189.16M$1.12$4.25279.46%Buy1N/AN/AN/AN/A
TMQ
TRILOGY METALS INC
$83.49M$0.52N/AN/AN/AN/AN/AN/AN/AN/A
EMX
EMX ROYALTY CORP
$182.96M$1.61$6.50303.73%Buy1N/AN/AN/AN/A
LAC
LITHIUM AMERICAS CORP
$488.13M$2.24$4.58104.60%Buy6N/AN/A5.35%5.14%
UAMY
UNITED STATES ANTIMONY CORP
$75.37M$0.70N/AN/AN/AN/AN/AN/AN/AN/A
FURY
FURY GOLD MINES LTD
$56.95M$0.38$1.90405.32%Buy1N/AN/AN/AN/A
IONR
IONEER LTD
$207.71M$3.94N/AN/AN/AN/AN/AN/AN/AN/A
XPL
SOLITARIO RESOURCES CORP
$60.35M$0.74$1.60115.92%Strong Buy2N/AN/AN/AN/A
SKE
SKEENA RESOURCES LTD
$804.42M$7.56N/AN/AN/AN/AN/AN/A93.02%63.70%
TECK
TECK RESOURCES LTD
$22.60B$43.49$64.8049.00%Strong Buy5-10.65%3.43%6.55%2.95%
MP
MP MATERIALS CORP
$2.30B$13.91$19.8342.58%Buy946.18%N/AN/AN/A
VZLA
VIZSLA SILVER CORP
$430.39M$1.85$4.33134.22%Buy3N/AN/A-9.41%-9.28%
ABAT
AMERICAN BATTERY TECHNOLOGY CO
$60.94M$1.04N/AN/AN/AN/AN/AN/A-25.93%-20.35%
WWR
WESTWATER RESOURCES INC
$29.89M$0.51N/AN/AN/AN/AN/AN/AN/AN/A
LGO
LARGO INC
$107.71M$1.68$4.40161.90%Buy12.17%N/AN/AN/A
CMP
COMPASS MINERALS INTERNATIONAL INC
$345.96M$8.37$21.50156.87%Buy22.04%N/A9.14%2.14%
USAS
AMERICAS GOLD & SILVER CORP
$60.11M$0.23$0.80241.88%Buy1N/AN/AN/AN/A
SLI
STANDARD LITHIUM LTD
$209.50M$1.15$3.50204.35%Strong Buy1N/AN/AN/AN/A
AMLI
AMERICAN LITHIUM CORP
$79.19M$0.36$3.25792.86%Strong Buy1N/AN/A-13.23%-12.96%
LZM
LIFEZONE METALS LTD
$445.39M$5.69$12.50119.68%Strong Buy2N/AN/A-50.77%-9.93%
LITM
SNOW LAKE RESOURCES LTD
$7.24M$0.36N/AN/AN/AN/AN/AN/AN/AN/A
NAK
NORTHERN DYNASTY MINERALS LTD
$177.45M$0.33$0.80142.42%Buy1N/AN/AN/AN/A
USGO
US GOLDMINING INC
$64.10M$5.17$23.50354.55%Buy1N/AN/A-72.87%-67.31%
NMG
NOUVEAU MONDE GRAPHITE INC
$161.51M$1.44$3.00109.06%Buy1N/AN/A-44.95%-31.95%
IPX
IPERIONX LTD
$400.37M$17.85$20.0012.04%Strong Buy1N/AN/AN/AN/A
NEXA
NEXA RESOURCES SA
$777.41M$5.87$7.2022.66%Sell51.96%N/A16.11%3.45%
CRML
CRITICAL METALS CORP
$600.05M$7.35N/AN/AN/AN/AN/AN/AN/AN/A
GRFX
GRAPHEX GROUP LTD
$10.54M$0.22N/AN/AN/AN/AN/AN/AN/AN/A
ELBM
ELECTRA BATTERY MATERIALS CORP
$30.43M$0.53$1.40163.16%Buy1N/AN/A-17.15%-8.11%
NB
NIOCORP DEVELOPMENTS LTD
$60.20M$1.65$8.50415.15%Buy1N/AN/AN/AN/A
TMC
TMC THE METALS CO INC
$308.12M$0.95$4.00320.61%Hold1N/AN/AN/AN/A

Mining Stocks FAQ

What are the best mining stocks to buy right now in Sep 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 52, which is 31 points higher than the mining industry average of 21. It passed 19 out of 38 due diligence checks and has strong fundamentals. Vale Sa has seen its stock lose -25.62% over the past year, overperforming other mining stocks by 2 percentage points.

Vale Sa has an average 1 year price target of $16.36, an upside of 61.47% from Vale Sa's current stock price of $10.13.

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 46, which is 25 points higher than the mining industry average of 21. It passed 16 out of 38 due diligence checks and has strong fundamentals. Rio Tinto has seen its stock lose -5.69% over the past year, overperforming other mining stocks by 22 percentage points.

3. Bhp Group (NYSE:BHP)


Bhp Group (NYSE:BHP) 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. Bhp Group has seen its stock lose -12.15% over the past year, overperforming other mining stocks by 15 percentage points.

What are the mining stocks with highest dividends?

Out of 6 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 13.73%, which is 10 percentage points higher than the mining industry average of 4.22%. Vale Sa's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Vale Sa's dividend has not 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 7.29%, which is 3 percentage points higher than the mining industry average of 4.22%. 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 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 2.8%, which is -1 percentage points lower than the mining industry average of 4.22%. 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 97.6% indicates that its dividend yield might not be sustainable for the long-term.

Why are mining stocks down?

Mining stocks were down -2.37% in the last day, and down -8.97% 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 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 -25.62% in the past year. It has overperformed other stocks in the mining industry by 2 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 43, which is 28 points higher than the mining industry average of 15. It passed 3 out of 7 valuation due diligence checks.

Rio Tinto's stock has dropped -5.69% in the past year. It has overperformed other stocks in the mining industry by 22 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 43, which is 28 points higher than the mining industry average of 15. It passed 3 out of 7 valuation due diligence checks.

Ferroglobe's stock has dropped -21.31% in the past year. It has overperformed other stocks in the mining industry by 6 percentage points.

Are mining stocks a good buy now?

55.56% of mining stocks rated by analysts are a buy right now. On average, analysts expect mining stocks to rise by 81.62% 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 12.09x.
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.