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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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
VALE
VALE SA
$57.46B11.27%78.00%$0.5519$1.4396%8
RIO
RIO TINTO LTD
$117.01B6.05%64.80%$2.5800$4.3586%10
LAAC
LITHIUM AMERICAS (ARGENTINA) CORP
$787.78MN/A0.00%N/AN/AN/AN/A
BHP
BHP GROUP LTD
$152.03B5.06%116.40%$1.4400$3.0481%8
GSM
FERROGLOBE PLC
$1.12B0.22%4.10%$0.0130$0.012%22024-06-172024-06-27
MTRN
MATERION CORP
$2.39B0.45%12.80%$0.1300$0.527%02024-05-222024-06-07
BYU
BAIYU HOLDINGS INC
$25.92MN/A0.00%N/AN/AN/AN/A
SGML
SIGMA LITHIUM CORP
$1.98BN/A0.00%N/AN/AN/AN/A
PLL
PIEDMONT LITHIUM INC
$295.96MN/A0.00%N/AN/AN/AN/A
MP
MP MATERIALS CORP
$2.99BN/A0.00%N/AN/AN/AN/A
TECK
TECK RESOURCES LTD
$26.88B0.78%17.90%$0.1250$0.4014%82024-06-172024-06-28
UAMY
UNITED STATES ANTIMONY CORP
$28.19MN/A0.00%N/AN/AN/AN/A
CMP
COMPASS MINERALS INTERNATIONAL INC
$524.11M4.73%-28.60%$0.1500$0.6078%1
EMX
EMX ROYALTY CORP
$212.18MN/A0.00%N/AN/AN/AN/A
LGO
LARGO INC
$106.97MN/A0.00%N/AN/AN/AN/A
TMQ
TRILOGY METALS INC
$80.08MN/A0.00%N/AN/AN/AN/A
XPL
SOLITARIO RESOURCES CORP
$74.78MN/A0.00%N/AN/AN/AN/A
NMG
NOUVEAU MONDE GRAPHITE INC
$186.07MN/A0.00%N/AN/AN/AN/A
FURY
FURY GOLD MINES LTD
$62.23MN/A0.00%$0.2500N/AN/A0
IONR
IONEER LTD
$309.01MN/A0.00%N/AN/AN/AN/A
ABAT
AMERICAN BATTERY TECHNOLOGY CO
$77.94MN/A0.00%N/AN/AN/AN/A
WWR
WESTWATER RESOURCES INC
$27.16MN/A0.00%N/AN/AN/AN/A
NAK
NORTHERN DYNASTY MINERALS LTD
$161.86MN/A0.00%N/AN/AN/AN/A
WRN
WESTERN COPPER & GOLD CORP
$249.96MN/A0.00%N/AN/AN/AN/A
USAS
AMERICAS GOLD & SILVER CORP
$77.79MN/A0.00%N/AN/AN/AN/A
VZLA
VIZSLA SILVER CORP
$344.40MN/A0.00%N/AN/AN/AN/A
LITM
SNOW LAKE RESOURCES LTD
$16.98MN/A0.00%N/AN/AN/AN/A
AMLI
AMERICAN LITHIUM CORP
$149.62MN/A0.00%N/AN/AN/AN/A
USGO
US GOLDMINING INC
$67.16MN/AN/AN/AN/AN/AN/A
SLI
STANDARD LITHIUM LTD
$315.16MN/A0.00%N/AN/AN/AN/A
IPX
IPERIONX LTD
$311.55MN/A0.00%N/AN/AN/AN/A
LZM
LIFEZONE METALS LTD
$541.63MN/A0.00%N/AN/AN/AN/A
NEXA
NEXA RESOURCES SA
$966.80MN/A0.00%$0.1888N/AN/A3
SKE
SKEENA RESOURCES LTD
$465.38MN/A0.00%N/AN/AN/AN/A
GRFX
GRAPHEX GROUP LTD
$13.47MN/AN/AN/AN/AN/AN/A
CRML
CRITICAL METALS CORP
$757.62MN/A0.00%N/AN/AN/AN/A
ELBM
ELECTRA BATTERY MATERIALS CORP
$27.37MN/A0.00%N/AN/AN/AN/A
LAC
LITHIUM AMERICAS CORP
$718.33MN/AN/AN/AN/AN/AN/A
NB
NIOCORP DEVELOPMENTS LTD
$82.82MN/A0.00%N/AN/AN/AN/A
TMC
TMC THE METALS CO INC
$448.71MN/A0.00%N/AN/AN/AN/A

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 -7.52% 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 34.28% from Vale Sa's current stock price of $12.66.

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 17.1% over the past year, overperforming other mining stocks by 38 percentage points.

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


Lithium Americas (Argentina) (NYSE:LAAC) is the third best mining stock with a Zen Score of 47, which is 26 points higher than the mining industry average of 21. It passed 15 out of 33 due diligence checks and has strong fundamentals. Lithium Americas (Argentina) has seen its stock lose -77.96% over the past year, underperforming other mining stocks by -57 percentage points.

Lithium Americas (Argentina) has an average 1 year price target of $7.17, an upside of 46.56% from Lithium Americas (Argentina)'s current stock price of $4.89.

Lithium Americas (Argentina) stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering Lithium Americas (Argentina), 0% have issued a Strong Buy rating, 33.33% have issued a Buy, 66.67% 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 11.27%, which is 7 percentage points higher than the mining industry average of 4.08%. 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 6.05%, which is 2 percentage points higher than the mining industry average of 4.08%. 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 5.06%, which is 1 percentage points higher than the mining industry average of 4.08%. 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 0.88% in the last day, and up 2.66% 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 34.69% in the past year. It has overperformed other stocks in the mining industry by 56 percentage points.

2. Vale Sa (NYSE:VALE)


Vale Sa (NYSE:VALE) is the second 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 -7.52% in the past year. It has overperformed other stocks in the mining industry by 14 percentage points.

3. Rio Tinto (NYSE:RIO)


Rio Tinto (NYSE:RIO) is the third 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 17.1% in the past year. It has overperformed other stocks in the mining industry by 38 percentage points.

Are mining stocks a good buy now?

54.55% of mining stocks rated by analysts are a buy right now. On average, analysts expect mining stocks to rise by 50.27% 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 21.5x.
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.