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Best Basic Material Stocks to Buy Now (2024)
Top basic material stocks in 2024 ranked by overall Zen Score. See the best basic material stocks to buy now, according to analyst forecasts for the basic materials sector.

Sector: Basic Materials
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
SQM
CHEMICAL & MINING CO OF CHILE INC
NYSE
Specialty Chemicals
$13.09B$45.81-0.46%$5.57B3.35x1.20
ALB
ALBEMARLE CORP
NYSE
Specialty Chemicals
$13.13B$111.80-2.26%$2.55B8.34x0.91
ODC
OIL-DRI CORP OF AMERICA
NYSE
Specialty Chemicals
$497.56M$68.28-3.16%$69.33M10.47x0.51
SID
NATIONAL STEEL CO
NYSE
Steel
$3.61B$2.72-1.09%$1.97B11.57x3.26
RIO
RIO TINTO LTD
NYSE
Other Industrial Metals & Mining
$108.50B$66.68-0.15%$20.19B10.75x0.87
VALE
VALE SA
NYSE
Other Industrial Metals & Mining
$56.58B$11.84-0.08%$22.94B2.92x1.38
HDSN
HUDSON TECHNOLOGIES INC
NASDAQ
Specialty Chemicals
$477.86M$10.500.48%$83.95M9.13x0.30
EMN
EASTMAN CHEMICAL CO
NYSE
Specialty Chemicals
$11.27B$96.020.05%$1.80B12.73x1.67
SILV
SILVERCREST METALS INC
NYSEMKT
Other Precious Metals & Mining
$1.11B$7.576.02%$147.31M9.58x0.14
UUUU
ENERGY FUELS INC
NYSEMKT
Uranium
$956.88M$5.851.56%$102.89M9.29x0.06
ARLP
ALLIANCE RESOURCE PARTNERS LP
NASDAQ
Thermal Coal
$2.70B$21.06-0.33%$942.47M4.38x0.51
CBT
CABOT CORP
NYSE
Specialty Chemicals
$5.03B$90.69-1.35%$667.00M11.72x1.67
UFPI
UFP INDUSTRIES INC
NASDAQ
Lumber & Wood Production
$6.82B$110.65-0.89%$815.83M13.48x0.32
WLKP
WESTLAKE CHEMICAL PARTNERS LP
NYSE
Chemicals
$765.86M$21.74-0.05%$191.80M14.12x1.65
STLD
STEEL DYNAMICS INC
NASDAQ
Steel
$21.52B$136.07-2.06%$3.72B9.24x0.68
APOG
APOGEE ENTERPRISES INC
NASDAQ
Building Products & Equipment
$1.32B$59.847.01%$195.32M12.52x0.96
DNN
DENISON MINES CORP
NYSEMKT
Uranium
$1.79B$2.01-0.50%$72.95M24.81x0.13
GFI
GOLD FIELDS LTD
NYSE
Gold
$15.88B$17.770.17%$1.23B22.49x0.81
USLM
UNITED STATES LIME & MINERALS INC
NASDAQ
Building Materials
$1.68B$295.010.84%$117.19M22.52x0.12
BCC
BOISE CASCADE CO
NYSE
Building Materials
$5.32B$134.65-2.29%$805.96M11.04x0.58
OC
OWENS CORNING
NYSE
Building Products & Equipment
$13.97B$160.52-1.46%$2.28B12.10x1.17
NEU
NEWMARKET CORP
NYSE
Specialty Chemicals
$5.59B$583.38-0.10%$604.33M14.43x1.14
GGB
GERDAU SA
NYSE
Steel
$7.53B$3.57-0.14%$2.73B5.02x0.52
NX
QUANEX BUILDING PRODUCTS CORP
NYSE
Building Products & Equipment
$1.13B$34.24-0.75%$152.92M12.97x0.47
FF
FUTUREFUEL CORP
NYSE
Specialty Chemicals
$244.20M$5.58-1.59%$47.87M6.56x0.19
LYB
LYONDELLBASELL INDUSTRIES NV
NYSE
Specialty Chemicals
$32.26B$99.40-0.30%$4.63B15.34x1.86
WDFC
WD 40 CO
NASDAQ
Specialty Chemicals
$3.12B$229.86-0.71%$103.54M45.70x1.04
ERO
ERO COPPER CORP
NYSE
Copper
$2.09B$20.301.81%$219.70M20.51x0.87
CSL
CARLISLE COMPANIES INC
NYSE
Building Products & Equipment
$17.54B$367.41-0.39%$1.26B23.94x1.34
BIOX
BIOCERES CROP SOLUTIONS CORP
NASDAQ
Agricultural Inputs
$768.39M$12.23-1.77%$74.96M34.55x1.61
BVN
BUENAVENTURA MINING CO INC
NYSE
Other Precious Metals & Mining
$4.07B$16.012.69%$656.73M6.76x0.45
SBSW
SIBANYE STILLWATER LTD
NYSE
Gold
$3.76B$5.32-1.85%$1.66B3.70x0.86
LPX
LOUISIANA-PACIFIC CORP
NYSE
Building Products & Equipment
$5.20B$72.02-1.00%$385.00M29.16x0.57
GOLD
BARRICK GOLD CORP
NYSE
Gold
$29.81B$16.981.68%$4.35B23.58x0.59
ROCK
GIBRALTAR INDUSTRIES INC
NASDAQ
Building Products & Equipment
$2.16B$71.08-0.59%$179.37M19.69x0.37
LII
LENNOX INTERNATIONAL INC
NYSE
Building Products & Equipment
$16.32B$458.640.17%$875.20M27.61x8.81
RPM
RPM INTERNATIONAL INC
NYSE
Specialty Chemicals
$13.83B$107.380.02%$1.04B24.57x1.72
ICL
ICL GROUP LTD
NYSE
Agricultural Inputs
$6.12B$4.66-0.43%$1.73B9.32x0.97
AAON
AAON INC
NASDAQ
Building Products & Equipment
$6.95B$85.24-1.23%$274.79M38.92x0.28
ECVT
ECOVYST INC
NYSE
Specialty Chemicals
$1.14B$9.76-0.71%$211.27M16.27x1.61
JCI
JOHNSON CONTROLS INTERNATIONAL PLC
NYSE
Building Products & Equipment
$43.46B$63.770.13%$2.96B20.70x1.56
ARCH
ARCH RESOURCES INC
NYSE
Coking Coal
$2.99B$162.82-0.90%$712.79M6.40x0.68
OLN
OLIN CORP
NYSE
Specialty Chemicals
$6.39B$53.17-0.02%$1.28B14.53x2.44
TGB
TASEKO MINES LTD
NYSEMKT
Copper
$722.10M$2.491.63%$176.25M11.69x2.61
GMS
GMS INC
NYSE
Building Products & Equipment
$3.59B$90.08-1.16%$592.69M12.39x1.31
REX
REX AMERICAN RESOURCES CORP
NYSE
Chemicals
$967.96M$55.30-3.24%$106.53M15.85x0.15
METC
RAMACO RESOURCES INC
NASDAQ
Coking Coal
$830.85M$15.65-4.22%$167.82M8.84x0.80
SUZ
SUZANO SA
NYSE
Paper & Paper Products
$15.11B$11.590.09%$6.06B5.27x2.21
MOS
MOSAIC CO
NYSE
Agricultural Inputs
$9.80B$30.470.59%$2.43B8.66x0.86
FMC
FMC CORP
NYSE
Agricultural Inputs
$7.10B$56.941.57%$623.70M5.40x1.70
AEM
AGNICO EAGLE MINES LTD
NYSE
Gold
$31.56B$63.471.57%$3.98B15.99x0.48
ASH
ASHLAND INC
NYSE
Specialty Chemicals
$4.78B$95.491.70%$391.00M30.51x0.92
CMC
COMMERCIAL METALS CO
NYSE
Steel
$6.40B$55.28-1.06%$1.18B9.48x0.58
EXP
EAGLE MATERIALS INC
NYSE
Building Materials
$8.35B$242.38-1.01%$828.32M16.96x1.17
OEC
ORION SA
NYSE
Specialty Chemicals
$1.36B$23.51-0.63%$352.37M12.49x2.83
NTR
NUTRIEN LTD
NYSE
Agricultural Inputs
$26.04B$52.651.62%$4.89B20.81x1.10
CF
CF INDUSTRIES HOLDINGS INC
NYSE
Agricultural Inputs
$14.99B$79.592.30%$2.95B10.09x1.05
FUL
FULLER H B CO
NYSE
Specialty Chemicals
$4.15B$76.150.20%$544.49M26.91x1.65
ORGN
ORIGIN MATERIALS INC
NASDAQ
Chemicals
$84.92M$0.581.93%$26.82M3.42x0.09
ALTM
ARCADIUM LITHIUM PLC
NYSE
Specialty Chemicals
$4.08B$3.801.06%$418.60M2.07x0.53
AXTA
AXALTA COATING SYSTEMS LTD
NYSE
Specialty Chemicals
$7.00B$31.810.09%$842.50M26.29x3.18
MEOH
METHANEX CORP
NASDAQ
Chemicals
$3.17B$47.060.36%$684.83M18.31x2.20
MTX
MINERALS TECHNOLOGIES INC
NYSE
Specialty Chemicals
$2.30B$71.01-0.20%$262.00M27.42x1.01
APD
AIR PRODUCTS & CHEMICALS INC
NYSE
Specialty Chemicals
$51.80B$233.021.75%$4.46B22.15x1.21
IOSP
INNOSPEC INC
NASDAQ
Specialty Chemicals
$3.00B$120.820.25%$211.40M21.58x0.49
HWKN
HAWKINS INC
NASDAQ
Specialty Chemicals
$1.56B$74.70-0.05%$133.66M21.28x0.64
PPG
PPG INDUSTRIES INC
NYSE
Specialty Chemicals
$31.79B$135.110.11%$2.51B25.11x1.74
AWI
ARMSTRONG WORLD INDUSTRIES INC
NYSE
Building Products & Equipment
$4.99B$113.85-0.73%$422.80M22.77x1.83
GSM
FERROGLOBE PLC
NASDAQ
Other Industrial Metals & Mining
$945.00M$5.030.80%$247.11M10.93x1.01
TT
TRANE TECHNOLOGIES PLC
NYSE
Building Products & Equipment
$65.75B$289.56-1.20%$3.10B32.72x1.77
TILE
INTERFACE INC
NASDAQ
Building Products & Equipment
$868.94M$14.930.34%$141.39M19.39x1.89
BLDR
BUILDERS FIRSTSOURCE INC
NYSE
Building Products & Equipment
$22.23B$182.281.66%$2.73B15.11x1.22
RGLD
ROYAL GOLD INC
NASDAQ
Gold
$7.99B$121.66-1.09%$477.94M33.42x0.16
MLM
MARTIN MARIETTA MATERIALS INC
NYSE
Building Materials
$36.30B$587.13-0.98%$2.14B31.10x0.88
TGLS
TECNOGLASS INC
NYSE
Building Materials
$2.66B$56.54-1.07%$291.84M14.69x0.76
HUN
HUNTSMAN CORP
NYSE
Chemicals
$4.09B$23.720.21%$576.00M41.61x1.16
CPAC
CEMENTOS PACASMAYO SAA
NYSE
Building Materials
$452.08M$5.281.54%$127.64M10.48x1.71
CMT
CORE MOLDING TECHNOLOGIES INC
NYSEMKT
Specialty Chemicals
$172.14M$19.04-0.10%$39.67M8.03x0.54
TREX
TREX CO INC
NYSE
Building Products & Equipment
$9.55B$87.950.21%$326.39M46.53x0.30
KWR
QUAKER CHEMICAL CORP
NYSE
Specialty Chemicals
$3.38B$188.00-0.23%$301.02M29.98x0.96
FRD
FRIEDMAN INDUSTRIES INC
NYSEMKT
Steel
$132.55M$19.001.01%$30.49M7.51x0.87
UAN
CVR PARTNERS LP
NYSE
Agricultural Inputs
$801.71M$75.85-0.46%$281.10M4.65x2.22
SHW
SHERWIN WILLIAMS CO
NYSE
Specialty Chemicals
$78.73B$309.38-0.25%$4.60B33.09x5.18
IAG
IAMGOLD CORP
NYSE
Gold
$1.75B$3.64-0.55%$320.10M364.00x1.06
NUE
NUCOR CORP
NYSE
Steel
$45.93B$190.77-1.04%$7.02B10.57x0.63
SVM
SILVERCORP METALS INC
NYSEMKT
Silver
$632.02M$3.57-0.83%$78.65M21.00x0.23
RS
RELIANCE INC
NYSE
Steel
$18.39B$320.16-0.61%$2.02B13.98x0.36
WMS
ADVANCED DRAINAGE SYSTEMS INC
NYSE
Building Products & Equipment
$12.17B$156.81-0.06%$892.25M24.62x1.80
BHP
BHP GROUP LTD
NYSE
Other Industrial Metals & Mining
$146.88B$57.99-0.72%$20.62B19.86x1.31
MAS
MASCO CORP
NYSE
Building Products & Equipment
$15.87B$72.22-0.19%$1.44B17.92x-41.64
AU
ANGLOGOLD ASHANTI (PTY) LTD
NYSE
Gold
$9.93B$23.71-0.59%$470.00M33.39x0.96
CTVA
CORTEVA INC
NYSE
Agricultural Inputs
$37.87B$53.960.80%$2.33B51.88x0.71
MAG
MAG SILVER CORP
NYSEMKT
Silver
$1.25B$12.160.16%$54.59M25.87x0.03
SSD
SIMPSON MANUFACTURING CO INC
NYSE
Lumber & Wood Production
$7.73B$182.051.82%$562.07M21.91x0.61
VMC
VULCAN MATERIALS CO
NYSE
Building Materials
$33.73B$255.07-1.24%$2.10B36.33x0.94
HUDI
HUADI INTERNATIONAL GROUP CO LTD
NASDAQ
Steel
$36.93M$2.59-4.78%$4.49M11.26x0.38
SCCO
SOUTHERN COPPER CORP
NYSE
Copper
$89.17B$115.341.02%$5.15B36.73x1.25
JBI
JANUS INTERNATIONAL GROUP INC
NYSE
Building Products & Equipment
$2.19B$14.940.20%$288.20M16.24x1.60
WLK
WESTLAKE CORP
NYSE
Specialty Chemicals
$19.10B$148.940.24%$1.92B39.93x1.00
JHX
JAMES HARDIE INDUSTRIES PLC
NYSE
Building Materials
$14.94B$34.28-1.30%$1.03B28.10x1.54

Basic Material Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
18+0.84%-4.69%-1.63%-25.78%26.12x1.36x+9.98%+3.92%+6.65%+17.23%Buy
4-0.05%-1.34%+15.78%+22.55%-4.04x2.02x-4.26%-1.81%+1.21%-11.24%Buy
15-0.99%-4.51%-1.83%+61.15%26.56x3.13x+17.10%+8.11%+13.34%+10.21%Buy
32-0.21%-3.22%-2.53%+57.75%26.44x5.19x+29.12%+10.26%+18.61%+7.41%Buy
16-0.31%-3.82%+0.70%+8.69%41.12x1.93x+4.90%+1.92%+4.03%+16.57%Buy
6-1.02%+2.72%+8.12%+65.60%7.35x2.14x+32.22%+21.86%+29.40%+10.38%Buy
7+1.01%-1.41%+11.90%+25.63%37.07x6.03x+20.58%+8.78%+19.03%-15.14%Buy
44+0.18%-1.35%+11.03%-11.67%11.19x1.70x+1.54%+0.84%+3.49%+15.29%Buy
6+0.64%-3.27%-3.89%+27.44%0.59x1.73x+13.04%+8.50%+12.73%+15.93%Buy
40-0.84%-5.45%+0.74%-29.29%13.53x2.19x+15.72%+9.02%+16.67%+60.19%Buy
17+2.02%-2.71%+16.88%-8.47%14.69x1.60x-0.27%+3.04%+4.56%+51.93%Buy
6+0.06%-3.37%-0.65%+17.73%5.53x1.61x+30.14%+9.13%+16.60%-9.69%Hold
3-0.35%-6.13%+28.28%-8.31%4.77x1.61x-0.77%+0.50%+0.06%+21.06%Buy
58-0.07%-3.29%-3.78%+8.57%30.51x3.36x+20.36%+6.97%+12.55%+13.41%Buy
23-0.71%-3.80%-0.79%+16.67%13.78x0.99x+14.78%+9.02%+14.49%+7.98%Hold
6-0.86%-0.51%+2.32%+21.05%4.27x1.24x+34.06%+19.37%+26.98%+20.79%Strong Buy
10-0.28%-6.86%+7.52%+60.44%1.44x4.42x-3.30%+4.95%+6.86%+42.25%Strong Buy

Basic Material Stocks FAQ

What are the best basic material stocks to buy right now in Apr 2024?

According to Zen Score, the 3 best basic material stocks to buy right now are:

1. Chemical & Mining Co Of Chile (NYSE:SQM)


Chemical & Mining Co Of Chile (NYSE:SQM) is the top basic material stock with a Zen Score of 69, which is 38 points higher than the basic material sector average of 31. It passed 26 out of 38 due diligence checks and has strong fundamentals. Chemical & Mining Co Of Chile has seen its stock lose -44.81% over the past year, underperforming other basic material stocks by -64 percentage points.

Chemical & Mining Co Of Chile has an average 1 year price target of $60.05, an upside of 31.08% from Chemical & Mining Co Of Chile's current stock price of $45.81.

Chemical & Mining Co Of Chile stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Chemical & Mining Co Of Chile, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Albemarle (NYSE:ALB)


Albemarle (NYSE:ALB) is the second best basic material stock with a Zen Score of 65, which is 34 points higher than the basic material sector average of 31. It passed 24 out of 38 due diligence checks and has strong fundamentals. Albemarle has seen its stock lose -45.54% over the past year, underperforming other basic material stocks by -65 percentage points.

Albemarle has an average 1 year price target of $141.71, an upside of 26.75% from Albemarle's current stock price of $111.80.

Albemarle stock has a consensus Buy recommendation according to Wall Street analysts. Of the 17 analysts covering Albemarle, 29.41% have issued a Strong Buy rating, 17.65% have issued a Buy, 41.18% have issued a Hold, while 0% have issued a Sell rating, and 11.76% have issued a Strong Sell.

3. Oil Dri Of America (NYSE:ODC)


Oil Dri Of America (NYSE:ODC) is the third best basic material stock with a Zen Score of 63, which is 32 points higher than the basic material sector average of 31. It passed 23 out of 38 due diligence checks and has strong fundamentals. Oil Dri Of America has seen its stock return 60.85% over the past year, overperforming other basic material stocks by 42 percentage points.

What are the basic material stocks with highest dividends?

Out of 135 basic material stocks that have issued dividends in the past year, the 3 basic material 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 basic material sector average of 2.92%. 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. Futurefuel (NYSE:FF)


Futurefuel (NYSE:FF) has an annual dividend yield of 49.1%, which is 46 percentage points higher than the basic material sector average of 2.92%. Futurefuel's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Futurefuel's dividend has shown consistent growth over the last 10 years.

Futurefuel's dividend payout ratio of 28.2% indicates that its high dividend yield is sustainable for the long-term.

3. Cvr Partners (NYSE:UAN)


Cvr Partners (NYSE:UAN) has an annual dividend yield of 23.47%, which is 21 percentage points higher than the basic material sector average of 2.92%. Cvr Partners's dividend payout is not stable, having dropped more than 10% twelve times in the last 10 years. Cvr Partners's dividend has not shown consistent growth over the last 10 years.

Cvr Partners's dividend payout ratio of 163.2% indicates that its high dividend yield might not be sustainable for the long-term.

Why are basic material stocks down?

Basic material stocks were down -0.26% in the last day, and down -3.22% over the last week. Lithium Americas was the among the top losers in the basic materials sector, dropping -29.71% yesterday.

Lithium Americas Corp shares are trading lower after the company priced a $275 million public offering.

What are the most undervalued basic material stocks?

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

1. Hudson Technologies (NASDAQ:HDSN)


Hudson Technologies (NASDAQ:HDSN) is the most undervalued basic material stock based on WallStreetZen's Valuation Score. Hudson Technologies has a valuation score of 86, which is 58 points higher than the basic material sector average of 28. It passed 6 out of 7 valuation due diligence checks.

Hudson Technologies's stock has gained 28.05% in the past year. It has overperformed other stocks in the basic material sector by 9 percentage points.

2. Methanex (NASDAQ:MEOH)


Methanex (NASDAQ:MEOH) is the second most undervalued basic material stock based on WallStreetZen's Valuation Score. Methanex has a valuation score of 86, which is 58 points higher than the basic material sector average of 28. It passed 6 out of 7 valuation due diligence checks.

Methanex's stock has dropped -0.4% in the past year. It has underperformed other stocks in the basic material sector by -20 percentage points.

3. Algoma Steel Group (NASDAQ:ASTL)


Algoma Steel Group (NASDAQ:ASTL) is the third most undervalued basic material stock based on WallStreetZen's Valuation Score. Algoma Steel Group has a valuation score of 86, which is 58 points higher than the basic material sector average of 28. It passed 6 out of 7 valuation due diligence checks.

Algoma Steel Group's stock has dropped -2.24% in the past year. It has underperformed other stocks in the basic material sector by -22 percentage points.

Are basic material stocks a good buy now?

51.71% of basic material stocks rated by analysts are a buy right now. On average, analysts expect basic material stocks to rise by 12.4% over the next year.

What is the average p/e ratio of the basic materials sector?

The average P/E ratio of the basic materials sector is 23.36x.
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.