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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	Market Cap	Price	Price Target	Upside/Downside	Consensus	Analysts	Fore. Revenue Growth	Fore. Earnings Growth	Forecast ROE	Forecast ROA
VALE	VALE SA	$55.38B	$12.20	$16.75	37.30%	Buy	8	1.17%	55.41%	N/A	N/A
RIO	RIO TINTO LTD	$109.34B	$67.20	N/A	N/A	N/A	N/A	-4.68%	31.09%	N/A	N/A
BHP	BHP GROUP LTD	$148.20B	$58.51	N/A	N/A	N/A	N/A	-0.92%	37.37%	N/A	N/A
GSM	FERROGLOBE PLC	$941.24M	$5.01	N/A	N/A	N/A	N/A	-0.32%	59.48%	N/A	N/A
MTRN	MATERION CORP	$2.43B	$117.56	$156.00	32.70%	Strong Buy	1	7.27%	N/A	N/A	N/A
LAAC	LITHIUM AMERICAS (ARGENTINA) CORP	$782.51M	$4.87	$7.17	47.17%	Hold	3	N/A	104.45%	N/A	N/A
MP	MP MATERIALS CORP	$2.83B	$15.92	$22.21	39.54%	Strong Buy	7	32.69%	N/A	N/A	N/A
BYU	BAIYU HOLDINGS INC	$24.34M	$1.23	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
PLL	PIEDMONT LITHIUM INC	$217.62M	$11.24	$37.50	233.63%	Buy	2	88.82%	N/A	N/A	N/A
FURY	FURY GOLD MINES LTD	$71.85M	$0.49	$1.50	204.26%	Buy	1	N/A	N/A	N/A	N/A
LGO	LARGO INC	$93.51M	$1.46	$4.60	215.07%	Buy	1	3.63%	N/A	N/A	N/A
TECK	TECK RESOURCES LTD	$23.73B	$45.86	$55.00	19.93%	Strong Buy	4	-6.51%	-3.45%	N/A	N/A
UAMY	UNITED STATES ANTIMONY CORP	$24.97M	$0.23	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
TMQ	TRILOGY METALS INC	$66.95M	$0.42	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SGML	SIGMA LITHIUM CORP	$1.48B	$13.54	$29.50	117.87%	Strong Buy	2	208.62%	N/A	220.26%	105.83%
IONR	IONEER LTD	$274.48M	$5.20	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
XPL	SOLITARIO RESOURCES CORP	$53.36M	$0.67	$0.80	19.40%	Buy	1	N/A	N/A	N/A	N/A
NAK	NORTHERN DYNASTY MINERALS LTD	$158.31M	$0.29	$0.80	172.11%	Buy	1	N/A	N/A	N/A	N/A
WWR	WESTWATER RESOURCES INC	$23.05M	$0.41	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CMP	COMPASS MINERALS INTERNATIONAL INC	$546.96M	$13.24	$31.75	139.80%	Buy	4	2.88%	N/A	N/A	N/A
EMX	EMX ROYALTY CORP	$216.61M	$1.93	$6.50	236.79%	Buy	1	N/A	N/A	N/A	N/A
USGO	US GOLDMINING INC	$70.55M	$5.69	$23.00	304.22%	Buy	1	N/A	N/A	N/A	N/A
WRN	WESTERN COPPER & GOLD CORP	$242.49M	$1.46	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
NMG	NOUVEAU MONDE GRAPHITE INC	$121.81M	$2.00	$8.00	300.00%	Buy	1	N/A	N/A	340.87%	149.70%
ABAT	AMERICAN BATTERY TECHNOLOGY CO	$69.53M	$1.34	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
LITM	SNOW LAKE RESOURCES LTD	$18.55M	$0.91	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
LAC	LITHIUM AMERICAS CORP	$768.45M	$4.75	$6.53	37.54%	Hold	3	N/A	N/A	N/A	N/A
VZLA	VIZSLA SILVER CORP	$279.69M	$1.34	$3.25	142.54%	Buy	1	N/A	N/A	N/A	N/A
SLI	STANDARD LITHIUM LTD	$188.69M	$1.09	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
AMLI	AMERICAN LITHIUM CORP	$106.47M	$0.50	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
IPX	IPERIONX LTD	$306.84M	$13.68	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
LZM	LIFEZONE METALS LTD	$524.41M	$6.70	$12.50	86.57%	Strong Buy	2	N/A	N/A	N/A	N/A
USAS	AMERICAS GOLD & SILVER CORP	$57.30M	$0.26	$0.80	205.34%	Buy	1	N/A	N/A	N/A	N/A
NEXA	NEXA RESOURCES SA	$970.78M	$7.33	$6.67	-9.05%	Hold	3	0.42%	N/A	N/A	N/A
CRML	CRITICAL METALS CORP	$736.39M	$9.02	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ELBM	ELECTRA BATTERY MATERIALS CORP	$22.34M	$0.40	$1.60	300.00%	Buy	1	N/A	N/A	N/A	N/A
GRFX	GRAPHEX GROUP LTD	$9.56M	$0.21	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SKE	SKEENA RESOURCES LTD	$405.43M	$4.49	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
NB	NIOCORP DEVELOPMENTS LTD	$83.80M	$2.40	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
TMC	TMC THE METALS CO INC	$521.93M	$1.64	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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. 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 -13.72% over the past year, overperforming other mining stocks by 14 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 4.25% over the past year, overperforming other mining stocks by 32 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 -1.03% over the past year, overperforming other mining stocks by 27 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 4.21%. 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 11.69%, which is 7 percentage points higher than the mining industry average of 4.21%. 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.

3. Rio Tinto (NYSE:RIO)

Rio Tinto (NYSE:RIO) has an annual dividend yield of 6.47%, which is 2 percentage points higher than the mining industry average of 4.21%. 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 -0.72% in the last day, and down -4.86% over the last week. Americas Gold & Silver was the among the top losers in the other industrial metals & mining industry, dropping -5.76% yesterday.

Shares of precious metals stocks are trading lower amid a pullback in the price of gold and silver.

What are the most undervalued mining stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued mining stocks right now are:

1. Rio Tinto (NYSE:RIO)

Rio Tinto (NYSE:RIO) is the most undervalued mining stock based on WallStreetZen's Valuation Score. Rio Tinto 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.

Rio Tinto's stock has gained 4.25% in the past year. It has overperformed other stocks in the mining industry by 32 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 23.1% in the past year. It has overperformed other stocks in the mining industry by 51 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 54 points higher than the mining industry average of 17. It passed 5 out of 7 valuation due diligence checks.

Vale Sa's stock has dropped -13.72% in the past year. It has overperformed other stocks in the mining industry by 14 percentage points.

Are mining stocks a good buy now?

61.9% of mining stocks rated by analysts are a buy right now. On average, analysts expect mining stocks to rise by 61.51% 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 14.16x.

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.