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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 &...
OverviewZen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnership
Technicals
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
VALE
VALE SA
Brazil
$50.38B4,539,007,56814.39%0.00%
RIO
RIO TINTO LTD
Australia
$110.16B1,627,108,3128.13%0.00%
BYU
BAIYU HOLDINGS INC
China
$11.64M49,945,2350.15%99.85%
BHP
BHP GROUP LTD
Australia
$150.70B5,071,530,8171.90%0.00%
MTRN
MATERION CORP
United States
$2.19B20,747,03971.61%28.39%Net SellingNet Selling
GSM
FERROGLOBE PLC
United Kingdom
$866.98M189,298,00054.77%0.00%
SLI
STANDARD LITHIUM LTD
Canada
$415.65M183,915,25614.91%0.00%
TECK
TECK RESOURCES LTD
Canada
$26.50B519,600,00063.81%0.00%
PLL
PIEDMONT LITHIUM INC
Australia
$258.61M19,371,41643.26%7.37%Net Selling
ABAT
AMERICAN BATTERY TECHNOLOGY CO
United States
$72.05M72,048,4427.51%57.80%Net BuyingNet Buying
TMQ
TRILOGY METALS INC
Canada
$83.67M160,902,81414.56%85.44%Net Selling
SGML
SIGMA LITHIUM CORP
Canada
$1.48B110,528,00024.68%0.00%
WRN
WESTERN COPPER & GOLD CORP
Canada
$207.73M168,889,20313.97%0.00%
LAAC
LITHIUM AMERICAS (ARGENTINA) CORP
Canada
$580.43M161,230,00029.28%0.00%
UAMY
UNITED STATES ANTIMONY CORP
United States
$76.99M108,438,9849.61%81.56%Net BuyingNet Buying
EMX
EMX ROYALTY CORP
Canada
$217.05M113,637,2647.37%0.00%
FURY
FURY GOLD MINES LTD
Canada
$65.88M151,455,87312.25%0.00%
LAC
LITHIUM AMERICAS CORP
Canada
$612.34M217,915,00024.54%0.00%
XPL
SOLITARIO RESOURCES CORP
United States
$55.38M81,438,41817.45%12.46%Net BuyingNet Buying
SKE
SKEENA RESOURCES LTD
Canada
$956.58M106,404,66037.07%0.00%
MP
MP MATERIALS CORP
United States
$2.94B165,383,32963.66%35.88%Net SellingNet Buying
IONR
IONEER LTD
Australia
$351.02M2,111,412,1470.00%0.00%
LGO
LARGO INC
Canada
$135.27M64,111,00062.49%0.00%
WWR
WESTWATER RESOURCES INC
United States
$29.78M58,160,5996.51%63.78%Net Buying
CMP
COMPASS MINERALS INTERNATIONAL INC
United States
$493.94M41,333,82672.76%27.24%Net Selling
IPX
IPERIONX LTD
United States
$552.89M224,297,5500.67%0.00%
AMLI
AMERICAN LITHIUM CORP
Canada
$241.49M217,559,5018.32%0.00%
LZM
LIFEZONE METALS LTD
Isle Of Man
$509.57M78,275,35715.25%1.71%
LITM
SNOW LAKE RESOURCES LTD
Canada
$5.73M20,381,0650.96%0.00%
NAK
NORTHERN DYNASTY MINERALS LTD
Canada
$203.26M537,724,28111.52%0.00%
VZLA
VIZSLA SILVER CORP
Canada
$506.28M242,240,27022.55%0.00%
USAS
AMERICAS GOLD & SILVER CORP
Canada
$106.09M256,883,0008.13%0.94%
USGO
US GOLDMINING INC
Canada
$124.48M12,398,7090.53%82.01%Net BuyingNet Buying
NMG
NOUVEAU MONDE GRAPHITE INC
Canada
$181.21M112,553,65112.75%0.00%
NEXA
NEXA RESOURCES SA
Luxembourg
$1.01B132,438,6111.19%0.00%
CRML
CRITICAL METALS CORP
Australia
$547.80M81,639,8813.36%26.12%
GRFX
GRAPHEX GROUP LTD
Hong Kong
$11.99M971,136,7620.26%0.00%
ELBM
ELECTRA BATTERY MATERIALS CORP
Canada
$36.21M57,198,4685.00%0.00%
TMC
TMC THE METALS CO INC
United States
$330.47M323,993,0165.41%41.49%Net Buying
NB
NIOCORP DEVELOPMENTS LTD
United States
$66.11M38,660,2445.88%9.35%Net Buying
1

Mining Stocks FAQ

What are the best mining stocks to buy right now in Oct 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 -16.85% over the past year, underperforming other mining stocks by -9 percentage points.

Vale Sa has an average 1 year price target of $15.50, an upside of 39.64% from Vale Sa's current stock price of $11.10.

Vale Sa stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Vale Sa, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% 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 49, which is 28 points higher than the mining industry average of 21. It passed 17 out of 38 due diligence checks and has strong fundamentals. Rio Tinto has seen its stock return 5.55% over the past year, overperforming other mining stocks by 13 percentage points.

3. Baiyu Holdings (NASDAQ:BYU)


Baiyu Holdings (NASDAQ:BYU) is the third best mining stock with a Zen Score of 43, which is 22 points higher than the mining industry average of 21. It passed 13 out of 33 due diligence checks and has strong fundamentals. Baiyu Holdings has seen its stock lose -95.7% over the past year, underperforming other mining stocks by -88 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 12.53%, which is 8 percentage points higher than the mining industry average of 4.23%. 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 6.43%, which is 2 percentage points higher than the mining industry average of 4.23%. 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 4.91%, which is 1 percentage points higher than the mining industry average of 4.23%. 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 high dividend yield might not be sustainable for the long-term.

Why are mining stocks down?

Mining stocks were down -0.18% in the last day, and down -0.88% over the last week. Standard Lithium was the among the top losers in the other industrial metals & mining industry, dropping -6.61% yesterday.

Shares of lithium companies are trading lower possibly due to an oversupply of the metal. Betting markets project Donald Trump's victory in the U.S. presidential election, which may result in a drop in demand for commodities related to renewable energy.

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 57 points higher than the mining industry average of 14. It passed 5 out of 7 valuation due diligence checks.

Vale Sa's stock has dropped -16.85% in the past year. It has underperformed other stocks in the mining industry by -9 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 29 points higher than the mining industry average of 14. It passed 3 out of 7 valuation due diligence checks.

Rio Tinto's stock has gained 5.55% in the past year. It has overperformed other stocks in the mining industry by 13 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 29 points higher than the mining industry average of 14. It passed 3 out of 7 valuation due diligence checks.

Ferroglobe's stock has dropped -5.95% in the past year. It has overperformed other stocks in the mining industry by 2 percentage points.

Are mining stocks a good buy now?

50% of mining stocks rated by analysts are a buy right now. On average, analysts expect mining stocks to rise by 45.54% 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 13.75x.
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