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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 &...
Ticker
Company
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
VALE
VALE SA
$51.06B$41.78B$12.49B$7.98B$1.83-4.69%2.70%-54.81%6.75%2024-07-25
LAAC
LITHIUM AMERICAS (ARGENTINA) CORP
$560.63M$0.00$1.32B$1.28B$0.13N/AN/AN/AN/A2024-08-07
BHP
BHP GROUP LTD
$143.31B$55.34B$20.62B$7.39B$2.92-8.21%5.01%-73.53%7.29%
MTRN
MATERION CORP
$2.21B$1.61B$187.11M$83.52M$4.05-8.15%5.93%-14.56%24.57%2024-07-31
RIO
RIO TINTO LTD
$108.04B$54.04B$20.19B$10.06B$6.20-2.72%5.93%-18.92%-4.80%2024-07-30
MP
MP MATERIALS CORP
$2.26B$206.43M$84.14M$3.35M$0.02-54.82%N/A-98.54%N/A2024-08-01
GSM
FERROGLOBE PLC
$973.46M$1.64B$210.85M$59.65M$0.32-28.13%-5.18%-80.49%N/A2024-08-12
SGML
SIGMA LITHIUM CORP
$1.38B$169.08M$17.05M-$12.95M-$0.12N/AN/AN/AN/A2024-06-28
BYU
BAIYU HOLDINGS INC
$23.21M$128.14M$13.54M$427.55k-$0.30-10.55%170.30%N/AN/A
PLL
PIEDMONT LITHIUM INC
$197.96M$53.22M-$36.06M-$36.75M-$1.91N/AN/AN/AN/A2024-08-05
UAMY
UNITED STATES ANTIMONY CORP
$43.38M$9.31M-$5.02M-$5.87M-$0.05-3.81%0.56%N/AN/A2024-08-15
TECK
TECK RESOURCES LTD
$24.52B$11.02B$3.98B$1.17B$2.25-6.35%3.42%-42.71%-10.20%2024-07-24
EMX
EMX ROYALTY CORP
$206.57M$21.98M$7.12M-$2.29M-$0.0258.60%51.32%N/AN/A2024-06-28
LGO
LARGO INC
$125.54M$183.45M-$14.11M-$44.13M-$0.69-24.81%N/AN/AN/A2024-08-07
TMQ
TRILOGY METALS INC
$82.33M$0.00-$13.47M-$13.48M-$0.09N/AN/AN/AN/A2024-07-12
IONR
IONEER LTD
$212.72M$0.00N/A-$2.19M-$7.90N/AN/AN/AN/A2024-07-21
XPL
SOLITARIO RESOURCES CORP
$68.85M$0.00-$4.04M-$4.10M-$0.06N/A-100.00%N/AN/A2024-08-07
CMP
COMPASS MINERALS INTERNATIONAL INC
$482.37M$1.15B$16.20M-$85.70M-$2.10-6.57%1.87%N/AN/A2024-08-06
WRN
WESTERN COPPER & GOLD CORP
$211.11M$0.00-$2.65M-$2.80M-$0.02N/AN/AN/AN/A2024-08-01
FURY
FURY GOLD MINES LTD
$58.43M$0.00-$11.20M-$11.30M-$0.08N/AN/AN/AN/A2024-06-28
NAK
NORTHERN DYNASTY MINERALS LTD
$159.70M$0.00-$13.84M-$14.06M-$0.03N/AN/AN/AN/A2024-06-27
ABAT
AMERICAN BATTERY TECHNOLOGY CO
$60.36M$0.00-$33.02M-$33.62M-$0.73N/AN/AN/AN/A
WWR
WESTWATER RESOURCES INC
$28.02M$0.00-$7.91M-$8.26M-$0.15N/AN/AN/AN/A2024-08-13
AMLI
AMERICAN LITHIUM CORP
$125.09M$0.00-$39.60M-$39.90M-$0.19N/AN/AN/AN/A2024-07-15
USAS
AMERICAS GOLD & SILVER CORP
$67.88M$86.96M-$14.14M-$39.68M-$0.187.79%5.74%N/AN/A2024-06-25
LITM
SNOW LAKE RESOURCES LTD
$14.80M$0.00N/A-$8.71M-$0.47N/AN/AN/AN/A
SLI
STANDARD LITHIUM LTD
$229.54M$0.00-$40.42M-$41.42M-$0.25N/AN/AN/AN/A
NMG
NOUVEAU MONDE GRAPHITE INC
$174.09M$0.00-$48.48M-$46.04M-$0.69N/AN/AN/AN/A2024-08-08
USGO
US GOLDMINING INC
$74.02MN/AN/AN/AN/AN/AN/AN/AN/A
VZLA
VIZSLA SILVER CORP
$363.18M$0.00-$12.89M-$13.12M-$0.07N/AN/AN/AN/A2024-07-03
IPX
IPERIONX LTD
$297.64M$0.00N/A-$19.19M-$1.00N/AN/AN/AN/A2024-07-25
LZM
LIFEZONE METALS LTD
$630.07M$1.48M-$362.62M-$363.87M-$5.34-49.52%N/AN/AN/A
NEXA
NEXA RESOURCES SA
$1.03B$2.49B$195.07M-$281.11M-$2.21-16.56%0.83%N/AN/A2024-07-25
SKE
SKEENA RESOURCES LTD
$409.35M$0.00-$85.35M-$87.34M-$0.99N/AN/AN/AN/A2024-08-08
CRML
CRITICAL METALS CORP
$938.86M$0.00N/A-$115.20M-$17.27kN/AN/AN/AN/A
GRFX
GRAPHEX GROUP LTD
$16.12M$37.33MN/A-$14.47MN/A-14.34%N/AN/AN/A
ELBM
ELECTRA BATTERY MATERIALS CORP
$24.31M$0.00-$54.80M-$54.86M-$1.09N/AN/AN/AN/A2024-08-15
LAC
LITHIUM AMERICAS CORP
$462.13M$0.00N/A-$11.66MN/AN/AN/AN/AN/A2024-08-07
NB
NIOCORP DEVELOPMENTS LTD
$68.59M$0.00-$8.95M-$14.99M-$0.37N/AN/AN/AN/A
TMC
TMC THE METALS CO INC
$451.92M$0.00-$96.28M-$98.98M-$0.34N/AN/AN/AN/A2024-08-12

Mining Stocks FAQ

What are the best mining stocks to buy right now in Jun 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 56, which is 35 points higher than the mining industry average of 21. It passed 20 out of 38 due diligence checks and has strong fundamentals. Vale Sa has seen its stock lose -19.53% over the past year, overperforming other mining stocks by 10 percentage points.

Vale Sa has an average 1 year price target of $16.43, an upside of 46.04% from Vale Sa's current stock price of $11.25.

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. Lithium Americas (Argentina) (NYSE:LAAC)


Lithium Americas (Argentina) (NYSE:LAAC) 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 17 out of 33 due diligence checks and has strong fundamentals. Lithium Americas (Argentina) has seen its stock lose -82.94% over the past year, underperforming other mining stocks by -53 percentage points.

Lithium Americas (Argentina) has an average 1 year price target of $7.25, an upside of 108.33% from Lithium Americas (Argentina)'s current stock price of $3.48.

Lithium Americas (Argentina) stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Lithium Americas (Argentina), 0% have issued a Strong Buy rating, 50% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Bhp Group (NYSE:BHP)


Bhp Group (NYSE:BHP) is the third best mining stock with a Zen Score of 48, which is 27 points higher than the mining industry average of 21. It passed 18 out of 38 due diligence checks and has strong fundamentals. Bhp Group has seen its stock lose -8.65% over the past year, overperforming other mining stocks by 21 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 12.68%, which is 8 percentage points higher than the mining industry average of 4.34%. 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 6.55%, which is 2 percentage points higher than the mining industry average of 4.34%. 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 5.37%, which is 1 percentage points higher than the mining industry average of 4.34%. 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 -0.35% in the last day, and down -1.13% 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 -19.53% in the past year. It has overperformed other stocks in the mining industry by 10 percentage points.

2. Lithium Americas (Argentina) (NYSE:LAAC)


Lithium Americas (Argentina) (NYSE:LAAC) is the second most undervalued mining stock based on WallStreetZen's Valuation Score. Lithium Americas (Argentina) has a valuation score of 57, which is 41 points higher than the mining industry average of 16. It passed 4 out of 7 valuation due diligence checks.

Lithium Americas (Argentina)'s stock has dropped -82.94% in the past year. It has underperformed other stocks in the mining industry by -53 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 57, which is 41 points higher than the mining industry average of 16. It passed 4 out of 7 valuation due diligence checks.

Ferroglobe's stock has gained 1.17% in the past year. It has overperformed other stocks in the mining industry by 31 percentage points.

Are mining stocks a good buy now?

60% of mining stocks rated by analysts are a buy right now. On average, analysts expect mining stocks to rise by 72.82% 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 18.15x.
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.