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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
APOG
APOGEE ENTERPRISES INC
NASDAQ
Building Products & Equipment
$1.34B$60.911.08%$197.15M12.38x0.85
ODC
OIL-DRI CORP OF AMERICA
NYSE
Specialty Chemicals
$453.87M$62.290.11%$70.14M9.76x0.57
OC
OWENS CORNING
NYSE
Building Products & Equipment
$15.38B$177.461.32%$2.16B14.21x1.15
STLD
STEEL DYNAMICS INC
NASDAQ
Steel
$20.30B$129.22-0.42%$3.64B8.80x0.66
ARLP
ALLIANCE RESOURCE PARTNERS LP
NASDAQ
Thermal Coal
$3.20B$25.000.24%$905.12M5.47x0.55
VALE
VALE SA
NYSE
Other Industrial Metals & Mining
$52.29B$11.521.14%$12.49B6.30x1.35
GFI
GOLD FIELDS LTD
NYSE
Gold
$14.31B$16.02-1.23%$1.23B20.28x0.81
NTIC
NORTHERN TECHNOLOGIES INTERNATIONAL CORP
NASDAQ
Specialty Chemicals
$122.92M$13.02-6.87%$7.99M27.70x0.24
PPG
PPG INDUSTRIES INC
NYSE
Specialty Chemicals
$30.63B$130.620.70%$2.70B21.92x1.73
SILV
SILVERCREST METALS INC
NYSEMKT
Other Precious Metals & Mining
$1.45B$9.833.04%$153.19M11.84x0.08
LPX
LOUISIANA-PACIFIC CORP
NYSE
Building Products & Equipment
$6.14B$85.661.77%$517.00M23.40x0.54
LAAC
LITHIUM AMERICAS (ARGENTINA) CORP
NYSE
Other Industrial Metals & Mining
$521.96M$3.24-0.31%$1.32B24.92x0.28
RPM
RPM INTERNATIONAL INC
NYSE
Specialty Chemicals
$14.24B$110.571.64%$1.04B25.30x1.72
CMC
COMMERCIAL METALS CO
NYSE
Steel
$6.38B$55.501.39%$1.05B11.42x0.58
SSD
SIMPSON MANUFACTURING CO INC
NYSE
Lumber & Wood Production
$7.65B$181.492.69%$544.53M22.60x0.58
EMN
EASTMAN CHEMICAL CO
NYSE
Specialty Chemicals
$11.60B$98.640.32%$1.80B12.65x1.65
HDSN
HUDSON TECHNOLOGIES INC
NASDAQ
Specialty Chemicals
$395.03M$8.68-0.80%$74.07M8.59x0.23
ROCK
GIBRALTAR INDUSTRIES INC
NASDAQ
Building Products & Equipment
$2.23B$73.201.84%$182.19M19.47x0.40
AWI
ARMSTRONG WORLD INDUSTRIES INC
NYSE
Building Products & Equipment
$5.16B$118.02-0.08%$442.80M22.10x1.70
BLDR
BUILDERS FIRSTSOURCE INC
NYSE
Building Products & Equipment
$18.64B$152.733.98%$2.64B12.94x1.25
LII
LENNOX INTERNATIONAL INC
NYSE
Building Products & Equipment
$19.85B$557.19-0.06%$906.20M32.13x7.10
HWKN
HAWKINS INC
NASDAQ
Specialty Chemicals
$2.04B$97.320.70%$137.23M26.96x0.62
PPIH
PERMA-PIPE INTERNATIONAL HOLDINGS INC
NASDAQ
Building Products & Equipment
$66.39M$8.282.73%$15.73M5.08x1.57
UFPI
UFP INDUSTRIES INC
NASDAQ
Lumber & Wood Production
$7.27B$117.771.01%$802.20M14.43x0.31
MLM
MARTIN MARIETTA MATERIALS INC
NYSE
Building Materials
$34.18B$554.52-0.22%$3.40B16.38x0.83
IOSP
INNOSPEC INC
NASDAQ
Specialty Chemicals
$3.11B$124.710.50%$223.10M21.07x0.46
ERO
ERO COPPER CORP
NYSE
Copper
$2.35B$22.823.96%$186.78M34.58x0.93
TGB
TASEKO MINES LTD
NYSEMKT
Copper
$732.58M$2.521.20%$206.13M10.24x2.95
AAON
AAON INC
NASDAQ
Building Products & Equipment
$7.40B$90.031.65%$280.66M40.74x0.21
REX
REX AMERICAN RESOURCES CORP
NYSE
Chemicals
$815.85M$46.611.28%$113.33M12.36x0.14
CSL
CARLISLE COMPANIES INC
NYSE
Building Products & Equipment
$20.49B$430.541.05%$1.35B24.70x1.32
SQM
CHEMICAL & MINING CO OF CHILE INC
NYSE
Specialty Chemicals
$12.23B$42.820.61%$2.94B13.25x1.42
GGB
GERDAU SA
NYSE
Steel
$7.06B$3.351.21%$2.73B4.71x0.52
WDFC
WD 40 CO
NASDAQ
Specialty Chemicals
$3.25B$239.874.92%$105.68M47.03x1.00
BHP
BHP GROUP LTD
NYSE
Other Industrial Metals & Mining
$150.13B$59.271.79%$20.62B20.30x1.31
FMC
FMC CORP
NYSE
Agricultural Inputs
$7.17B$57.411.25%$393.80M6.41x1.77
NX
QUANEX BUILDING PRODUCTS CORP
NYSE
Building Products & Equipment
$923.51M$27.891.49%$144.69M11.34x0.48
RGLD
ROYAL GOLD INC
NASDAQ
Gold
$8.95B$136.230.25%$460.21M40.19x0.13
NUE
NUCOR CORP
NYSE
Steel
$38.63B$161.101.35%$6.62B9.45x0.59
CLW
CLEARWATER PAPER CORP
NYSE
Paper & Paper Products
$779.39M$46.73-0.72%$262.00M7.78x1.45
JBI
JANUS INTERNATIONAL GROUP INC
NYSE
Building Products & Equipment
$1.91B$13.081.95%$293.66M13.77x1.52
NEU
NEWMARKET CORP
NYSE
Specialty Chemicals
$5.15B$536.341.44%$627.25M12.90x1.74
RS
RELIANCE INC
NYSE
Steel
$17.05B$296.821.50%$1.91B13.70x0.35
APD
AIR PRODUCTS & CHEMICALS INC
NYSE
Specialty Chemicals
$58.09B$261.311.28%$4.65B23.52x1.31
GMS
GMS INC
NYSE
Building Products & Equipment
$3.48B$87.673.60%$582.99M12.78x1.57
AGI
ALAMOS GOLD INC
NYSE
Gold
$7.00B$17.630.63%$492.20M33.90x0.36
ZEUS
OLYMPIC STEEL INC
NASDAQ
Steel
$504.97M$45.362.42%$104.11M12.10x0.80
ICL
ICL GROUP LTD
NYSE
Agricultural Inputs
$5.89B$4.481.59%$1.46B12.11x0.94
LEU
CENTRUS ENERGY CORP
NYSEMKT
Uranium
$780.49M$48.795.77%$75.00M10.43x21.19
TGLS
TECNOGLASS INC
NYSE
Building Materials
$2.55B$54.291.12%$261.20M15.69x0.71
MTRN
MATERION CORP
NYSE
Other Industrial Metals & Mining
$2.30B$111.130.28%$187.11M27.44x1.03
USLM
UNITED STATES LIME & MINERALS INC
NASDAQ
Building Materials
$2.26B$395.386.11%$124.43M28.20x0.12
CF
CF INDUSTRIES HOLDINGS INC
NYSE
Agricultural Inputs
$12.91B$70.640.41%$2.53B11.70x1.08
WLKP
WESTLAKE CHEMICAL PARTNERS LP
NYSE
Chemicals
$809.19M$22.97-0.35%$192.36M15.01x1.61
MAS
MASCO CORP
NYSE
Building Products & Equipment
$15.58B$70.732.18%$1.44B17.29x-69.05
OLN
OLIN CORP
NYSE
Specialty Chemicals
$5.75B$48.161.22%$1.14B16.78x2.49
ALB
ALBEMARLE CORP
NYSE
Specialty Chemicals
$11.50B$97.87-0.08%$1.08B35.33x0.63
RIO
RIO TINTO LTD
NYSE
Other Industrial Metals & Mining
$111.49B$68.520.65%$20.19B11.05x0.87
CE
CELANESE CORP
NYSE
Chemicals
$15.54B$142.242.19%$2.70B7.79x2.62
BIOX
BIOCERES CROP SOLUTIONS CORP
NASDAQ
Agricultural Inputs
$705.12M$11.221.36%$57.06M233.75x1.56
ECVT
ECOVYST INC
NYSE
Specialty Chemicals
$1.09B$9.320.11%$219.50M15.03x1.57
FUL
FULLER H B CO
NYSE
Specialty Chemicals
$4.52B$82.913.07%$559.76M27.45x1.75
LYB
LYONDELLBASELL INDUSTRIES NV
NYSE
Specialty Chemicals
$30.95B$95.060.96%$4.57B14.67x1.82
SVM
SILVERCORP METALS INC
NYSEMKT
Silver
$671.40M$3.780.00%$85.76M18.00x0.21
NTR
NUTRIEN LTD
NYSE
Agricultural Inputs
$24.57B$49.680.02%$4.44B29.05x1.15
MAG
MAG SILVER CORP
NYSEMKT
Silver
$1.40B$13.610.44%$65.65M23.88x0.03
AXTA
AXALTA COATING SYSTEMS LTD
NYSE
Specialty Chemicals
$7.82B$35.45-0.06%$832.00M31.94x3.07
FRD
FRIEDMAN INDUSTRIES INC
NYSEMKT
Steel
$109.42M$15.703.49%$29.46M6.57x0.80
KWR
QUAKER CHEMICAL CORP
NYSE
Specialty Chemicals
$3.15B$175.280.95%$307.83M26.64x0.95
HCC
WARRIOR MET COAL INC
NYSE
Coking Coal
$3.70B$70.833.03%$646.90M8.50x0.25
METC
RAMACO RESOURCES INC
NASDAQ
Coking Coal
$784.13M$14.770.20%$141.98M12.31x0.81
MEOH
METHANEX CORP
NASDAQ
Chemicals
$3.44B$51.081.29%$663.30M20.60x2.11
ORGN
ORIGIN MATERIALS INC
NASDAQ
Chemicals
$146.58M$1.003.00%$5.39M-99.70x0.10
EXP
EAGLE MATERIALS INC
NYSE
Building Materials
$7.78B$229.460.93%$810.03M16.72x1.25
CGAU
CENTERRA GOLD INC
NYSE
Gold
$1.51B$7.03-0.57%$334.70M25.11x0.35
HUDI
HUADI INTERNATIONAL GROUP CO LTD
NASDAQ
Steel
$34.36M$2.411.69%$4.49M10.48x0.38
CMT
CORE MOLDING TECHNOLOGIES INC
NYSEMKT
Specialty Chemicals
$148.23M$16.21-0.86%$36.29M7.72x0.49
HBM
HUDBAY MINERALS INC
NYSE
Copper
$3.29B$9.382.29%$712.45M40.78x1.48
CBT
CABOT CORP
NYSE
Specialty Chemicals
$5.25B$94.991.33%$693.00M11.98x1.53
MT
ARCELORMITTAL
NYSE
Steel
$19.30B$23.561.86%$4.69B21.61x0.70
CSTM
CONSTELLIUM SE
NYSE
Aluminum
$2.74B$18.65-1.22%$666.67M10.71x4.34
CCJ
CAMECO CORP
NYSE
Uranium
$22.91B$52.87-1.58%$614.46M85.41x0.63
TREX
TREX CO INC
NYSE
Building Products & Equipment
$8.86B$81.554.04%$390.70M35.00x0.61
SUM
SUMMIT MATERIALS INC
NYSE
Building Materials
$6.73B$38.350.89%$767.70M17.04x0.93
FSI
FLEXIBLE SOLUTIONS INTERNATIONAL INC
NYSEMKT
Specialty Chemicals
$25.15M$2.023.32%$4.54M10.63x0.51
KGC
KINROSS GOLD CORP
NYSE
Gold
$11.31B$9.210.33%$1.90B26.31x0.70
SLVM
SYLVAMO CORP
NYSE
Paper & Paper Products
$2.76B$67.12-0.52%$471.00M14.04x2.15
AEM
AGNICO EAGLE MINES LTD
NYSE
Gold
$37.42B$75.120.67%$2.59B82.55x0.47
GEVO
GEVO INC
NASDAQ
Specialty Chemicals
$148.12M$0.635.38%-$46.43M-2.16x0.17
TT
TRANE TECHNOLOGIES PLC
NYSE
Building Products & Equipment
$77.82B$343.81-0.22%$3.28B36.42x1.80
KOP
KOPPERS HOLDINGS INC
NYSE
Specialty Chemicals
$771.47M$36.390.28%$239.20M9.92x2.64
IDR
IDAHO STRATEGIC RESOURCES INC
NYSEMKT
Gold
$138.36M$10.86-0.91%$4.96M43.44x0.20
ECL
ECOLAB INC
NYSE
Specialty Chemicals
$70.28B$246.120.66%$3.12B45.16x1.59
JHX
JAMES HARDIE INDUSTRIES PLC
NYSE
Building Materials
$14.60B$33.654.60%$982.00M29.01x1.64
WMS
ADVANCED DRAINAGE SYSTEMS INC
NYSE
Building Products & Equipment
$12.66B$163.510.57%$912.68M25.08x1.72
GSM
FERROGLOBE PLC
NASDAQ
Other Industrial Metals & Mining
$1.09B$5.791.40%$210.85M18.09x0.94
SSL
SASOL LTD
NYSE
Specialty Chemicals
$4.89B$7.63-0.26%$1.23B10.26x1.18
BCC
BOISE CASCADE CO
NYSE
Building Materials
$4.94B$125.121.44%$817.38M10.10x0.60
AVNT
AVIENT CORP
NYSE
Specialty Chemicals
$4.00B$43.810.55%$421.00M38.10x1.52
EGO
ELDORADO GOLD CORP
NYSE
Gold
$3.36B$16.55-0.24%$460.37M27.13x0.41

Basic Material Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
16+0.86%+1.59%-2.47%-16.28%36.06x1.30x+7.21%+2.80%+4.92%+20.16%Buy
4+0.82%+0.63%+0.90%+24.79%0.80x2.09x+3.04%-0.07%+3.23%-3.23%Buy
15+1.37%+6.43%+3.34%+32.45%24.99x2.91x+13.50%+6.74%+11.00%+16.06%Buy
31+0.98%+6.10%+1.62%+40.27%29.88x5.53x-0.00%+10.13%+18.14%+5.71%Buy
17+1.36%+6.36%-3.15%+0.02%25.92x1.83x+6.09%+2.33%+4.54%+26.41%Buy
6+2.05%+1.76%+5.34%+74.26%8.89x2.07x+21.42%+17.38%+23.15%+16.05%Strong Buy
7+1.24%-0.67%+6.09%+35.74%40.42x6.08x+19.55%+8.28%+17.91%-7.38%Buy
43+0.72%+5.78%+10.66%+9.19%8.99x1.95x-0.92%-0.47%+2.27%+16.01%Buy
6+1.37%+9.28%+4.02%+11.14%-7.91x1.73x+12.71%+8.52%+12.60%+12.90%Buy
40+1.14%+2.73%+2.04%-28.47%19.98x2.19x+8.84%+6.73%+13.64%+63.23%Buy
18+0.94%+7.60%+8.76%+21.94%49.86x1.86x-8.15%+0.32%+1.45%+55.50%Strong Buy
6-0.41%+1.47%-5.56%+34.27%7.97x1.51x+18.81%+5.93%+11.59%-5.99%Hold
3-0.04%+6.72%+6.67%+13.70%-8.17x1.67x+3.74%+3.80%+4.54%+26.49%Strong Buy
59+1.15%+4.42%-0.63%-11.79%33.18x3.37x+18.96%+6.18%+11.52%+14.22%Buy
24+1.20%+4.84%+3.70%+0.87%11.83x0.92x+13.23%+8.25%+13.32%+16.55%Buy
6+0.67%+1.38%+3.28%+39.60%5.84x1.37x+29.00%+16.85%+22.58%+1.41%Strong Buy
9+1.32%+11.02%+7.84%+59.56%48.23x4.66x+70.21%+3.20%+5.52%+32.71%Strong Buy

Basic Material Stocks FAQ

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

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

1. Apogee Enterprises (NASDAQ:APOG)


Apogee Enterprises (NASDAQ:APOG) is the top basic material stock with a Zen Score of 64, which is 34 points higher than the basic material sector average of 30. It passed 23 out of 38 due diligence checks and has strong fundamentals. Apogee Enterprises has seen its stock return 25.46% over the past year, overperforming other basic material stocks by 18 percentage points.

Apogee Enterprises has an average 1 year price target of $65.00, an upside of 6.71% from Apogee Enterprises's current stock price of $60.91.

Apogee Enterprises stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Apogee Enterprises, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Oil Dri Of America (NYSE:ODC)


Oil Dri Of America (NYSE:ODC) is the second best basic material stock with a Zen Score of 61, which is 31 points higher than the basic material sector average of 30. It passed 22 out of 38 due diligence checks and has strong fundamentals. Oil Dri Of America has seen its stock lose -0.38% over the past year, underperforming other basic material stocks by -8 percentage points.

3. Owens Corning (NYSE:OC)


Owens Corning (NYSE:OC) is the third best basic material stock with a Zen Score of 59, which is 29 points higher than the basic material sector average of 30. It passed 22 out of 38 due diligence checks and has strong fundamentals. Owens Corning has seen its stock return 33.18% over the past year, overperforming other basic material stocks by 25 percentage points.

Owens Corning has an average 1 year price target of $186.55, an upside of 5.12% from Owens Corning's current stock price of $177.46.

Owens Corning stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Owens Corning, 45.45% have issued a Strong Buy rating, 9.09% have issued a Buy, 45.45% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the basic material stocks with highest dividends?

Out of 120 basic material stocks that have issued dividends in the past year, the 3 basic material stocks with the highest dividend yields are:

1. Loma Negra (NYSE:LOMA)


Loma Negra (NYSE:LOMA) has an annual dividend yield of N/A, which is N/A percentage points lower than the basic material sector average of 2.21%.

Loma Negra's dividend payout ratio of 856.5% 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 12.38%, which is 10 percentage points higher than the basic material sector average of 2.21%. 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. National Steel Co (NYSE:SID)


National Steel Co (NYSE:SID) has an annual dividend yield of 11.87%, which is 10 percentage points higher than the basic material sector average of 2.21%. National Steel Co's dividend payout is not stable, having dropped more than 10% six times in the last 10 years. National Steel Co's dividend has shown consistent growth over the last 10 years.

National Steel Co's dividend payout ratio of -860.2% indicates that its high dividend yield might not be sustainable for the long-term.

Why are basic material stocks up?

Basic material stocks were up 1.13% in the last day, and up 4.9% over the last week. Builders Firstsource was the among the top gainers in the basic materials sector, gaining 3.98% yesterday.

Shares of companies within the broader industrial sector are trading higher amid overall market strength as investors assess this week's inflation data.

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. Methanex (NASDAQ:MEOH)


Methanex (NASDAQ:MEOH) is the most undervalued basic material stock based on WallStreetZen's Valuation Score. Methanex has a valuation score of 86, which is 62 points higher than the basic material sector average of 24. It passed 6 out of 7 valuation due diligence checks.

Methanex's stock has gained 16.94% in the past year. It has overperformed other stocks in the basic material sector by 9 percentage points.

2. Core Molding Technologies (NYSEMKT:CMT)


Core Molding Technologies (NYSEMKT:CMT) is the second most undervalued basic material stock based on WallStreetZen's Valuation Score. Core Molding Technologies has a valuation score of 71, which is 47 points higher than the basic material sector average of 24. It passed 5 out of 7 valuation due diligence checks.

Core Molding Technologies's stock has dropped -27.57% in the past year. It has underperformed other stocks in the basic material sector by -35 percentage points.

3. Apogee Enterprises (NASDAQ:APOG)


Apogee Enterprises (NASDAQ:APOG) is the third most undervalued basic material stock based on WallStreetZen's Valuation Score. Apogee Enterprises has a valuation score of 71, which is 47 points higher than the basic material sector average of 24. It passed 5 out of 7 valuation due diligence checks.

Apogee Enterprises's stock has gained 25.46% in the past year. It has overperformed other stocks in the basic material sector by 18 percentage points.

Are basic material stocks a good buy now?

48.65% of basic material stocks rated by analysts are a buy right now. On average, analysts expect basic material stocks to rise by 14.1% 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 26.1x.
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.