WallStreetZenWallStreetZen

Sectors & IndustriesBasic Materials
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
IDR
IDAHO STRATEGIC RESOURCES INC
NYSEMKT
Gold
$153.00M$11.20-0.44%$8.63M21.96x0.15
NX
QUANEX BUILDING PRODUCTS CORP
NYSE
Building Products & Equipment
$1.45B$30.63-1.10%$140.10M13.55x0.47
RPM
RPM INTERNATIONAL INC
NYSE
Specialty Chemicals
$17.49B$135.89-0.99%$1.09B28.37x1.51
ODC
OIL-DRI CORP OF AMERICA
NYSE
Specialty Chemicals
$493.46M$67.69-5.75%$70.74M11.57x0.68
GFI
GOLD FIELDS LTD
NYSE
Gold
$12.53B$14.02-3.11%$1.23B17.75x0.81
WDFC
WD 40 CO
NASDAQ
Specialty Chemicals
$3.93B$290.111.47%$106.47M56.66x0.95
KRO
KRONOS WORLDWIDE INC
NYSE
Specialty Chemicals
$1.31B$11.42-2.14%$222.20M14.10x1.27
IOSP
INNOSPEC INC
NASDAQ
Specialty Chemicals
$3.04B$121.93-1.97%$228.30M21.13x0.44
VALE
VALE SA
NYSE
Other Industrial Metals & Mining
$45.25B$9.97-2.45%$12.49B5.45x1.35
LPX
LOUISIANA-PACIFIC CORP
NYSE
Building Products & Equipment
$7.92B$112.780.41%$684.00M19.38x0.55
NTIC
NORTHERN TECHNOLOGIES INTERNATIONAL CORP
NASDAQ
Specialty Chemicals
$122.55M$12.98-4.35%$7.99M27.62x0.24
CSL
CARLISLE COMPANIES INC
NYSE
Building Products & Equipment
$20.54B$453.04-0.47%$1.85B15.85x1.35
GOLD
BARRICK GOLD CORP
NYSE
Gold
$29.83B$17.02-2.18%$4.80B18.30x0.61
BLDR
BUILDERS FIRSTSOURCE INC
NYSE
Building Products & Equipment
$20.56B$178.65-2.69%$2.35B17.29x1.45
ASPN
ASPEN AEROGELS INC
NYSE
Building Products & Equipment
$1.30B$15.80-8.46%$32.50M790.00x0.54
STLD
STEEL DYNAMICS INC
NASDAQ
Steel
$21.98B$144.35-2.33%$2.79B12.95x0.73
CBT
CABOT CORP
NYSE
Specialty Chemicals
$6.17B$112.54-3.40%$714.00M13.32x1.55
AAON
AAON INC
NASDAQ
Building Products & Equipment
$11.19B$137.73-2.15%$302.54M58.61x0.29
UROY
URANIUM ROYALTY CORP
NASDAQ
Uranium
$323.05M$2.66-0.75%$5.40M40.30x0.01
ZEUS
OLYMPIC STEEL INC
NASDAQ
Steel
$452.65M$40.66-3.53%$82.18M17.83x0.77
AWI
ARMSTRONG WORLD INDUSTRIES INC
NYSE
Building Products & Equipment
$6.74B$154.57-0.39%$470.30M27.12x1.52
EMN
EASTMAN CHEMICAL CO
NYSE
Specialty Chemicals
$11.65B$100.49-1.84%$1.90B13.35x1.65
FMC
FMC CORP
NYSE
Agricultural Inputs
$6.98B$55.94-5.33%$379.80M4.81x1.65
APOG
APOGEE ENTERPRISES INC
NASDAQ
Building Products & Equipment
$1.87B$85.25-2.26%$192.77M17.83x0.81
BCPC
BALCHEM CORP
NASDAQ
Specialty Chemicals
$5.80B$178.33-1.60%$225.37M47.30x0.36
SILV
SILVERCREST METALS INC
NYSEMKT
Other Precious Metals & Mining
$1.48B$9.97-0.40%$161.59M14.04x0.10
PPIH
PERMA-PIPE INTERNATIONAL HOLDINGS INC
NASDAQ
Building Products & Equipment
$115.20M$14.44-1.30%$18.23M7.56x1.50
CENX
CENTURY ALUMINUM CO
NASDAQ
Aluminum
$1.97B$21.19-4.38%$455.70M6.44x1.95
SVM
SILVERCORP METALS INC
NYSEMKT
Silver
$701.81M$3.951.28%$108.88M12.74x0.22
LII
LENNOX INTERNATIONAL INC
NYSE
Building Products & Equipment
$21.95B$616.08-2.28%$1.07B29.10x3.39
RGLD
ROYAL GOLD INC
NASDAQ
Gold
$9.29B$141.32-1.54%$533.92M32.41x0.08
ARLP
ALLIANCE RESOURCE PARTNERS LP
NASDAQ
Thermal Coal
$3.28B$25.64-2.03%$770.32M7.28x0.58
APD
AIR PRODUCTS & CHEMICALS INC
NYSE
Specialty Chemicals
$69.17B$311.12-0.89%$4.78B26.91x1.34
PPG
PPG INDUSTRIES INC
NYSE
Specialty Chemicals
$28.25B$121.75-3.34%$2.79B19.20x1.78
EGO
ELDORADO GOLD CORP
NYSE
Gold
$3.15B$15.37-1.16%$565.90M11.14x0.48
KWR
QUAKER CHEMICAL CORP
NYSE
Specialty Chemicals
$3.05B$171.21-1.11%$309.33M25.07x0.89
ROCK
GIBRALTAR INDUSTRIES INC
NASDAQ
Building Products & Equipment
$2.22B$73.10-1.20%$169.87M20.19x0.42
MLM
MARTIN MARIETTA MATERIALS INC
NYSE
Building Materials
$37.09B$606.79-1.50%$3.29B18.85x0.80
MTX
MINERALS TECHNOLOGIES INC
NYSE
Specialty Chemicals
$2.58B$80.83-2.51%$358.30M17.09x0.97
HDSN
HUDSON TECHNOLOGIES INC
NASDAQ
Specialty Chemicals
$270.29M$5.984.36%$45.65M8.93x0.22
RIO
RIO TINTO LTD
NYSE
Other Industrial Metals & Mining
$99.58B$61.20-2.24%$20.19B9.87x0.87
BCC
BOISE CASCADE CO
NYSE
Building Materials
$5.42B$141.13-1.40%$709.92M13.73x0.62
REX
REX AMERICAN RESOURCES CORP
NYSE
Chemicals
$829.52M$47.22-3.71%$117.63M11.92x0.12
METC
RAMACO RESOURCES INC
NASDAQ
Coking Coal
$621.42M$11.83-5.89%$117.17M17.66x0.78
UFPI
UFP INDUSTRIES INC
NASDAQ
Lumber & Wood Production
$8.10B$133.34-3.17%$740.29M18.24x0.32
WMS
ADVANCED DRAINAGE SYSTEMS INC
NYSE
Building Products & Equipment
$10.15B$130.97-3.58%$897.55M20.63x1.49
CF
CF INDUSTRIES HOLDINGS INC
NYSE
Agricultural Inputs
$14.66B$84.22-1.01%$2.53B13.30x1.18
MEOH
METHANEX CORP
NASDAQ
Chemicals
$2.85B$42.33-0.17%$667.57M18.73x2.09
OC
OWENS CORNING
NYSE
Building Products & Equipment
$16.36B$190.67-1.44%$2.21B16.02x1.67
USAP
UNIVERSAL STAINLESS & ALLOY PRODUCTS INC
NASDAQ
Steel
$412.16M$44.270.52%$60.66M15.37x0.47
GGB
GERDAU SA
NYSE
Steel
$7.17B$3.40-3.68%$2.73B4.78x0.52
KALU
KAISER ALUMINUM CORP
NASDAQ
Aluminum
$1.34B$83.17-1.66%$216.80M28.29x2.47
ERO
ERO COPPER CORP
NYSE
Copper
$1.68B$16.31-1.57%$134.29M85.84x1.12
SCL
STEPAN CO
NYSE
Specialty Chemicals
$1.73B$77.07-3.09%$176.80M38.34x0.98
FSM
FORTUNA MINING CORP
NYSE
Gold
$1.44B$4.592.00%$352.51M65.57x0.43
CEIX
CONSOL ENERGY INC
NYSE
Thermal Coal
$3.73B$126.80-2.27%$721.77M9.37x0.85
TT
TRANE TECHNOLOGIES PLC
NYSE
Building Products & Equipment
$92.52B$411.14-0.91%$3.67B37.79x1.75
NUE
NUCOR CORP
NYSE
Steel
$36.14B$153.89-3.25%$4.51B14.83x0.63
NEU
NEWMARKET CORP
NYSE
Specialty Chemicals
$5.31B$553.08-0.92%$712.55M12.28x1.32
GMS
GMS INC
NYSE
Building Products & Equipment
$3.98B$101.42-1.73%$556.93M16.44x1.65
MAG
MAG SILVER CORP
NYSEMKT
Silver
$1.57B$15.220.20%$82.06M21.14x0.03
FBIN
FORTUNE BRANDS INNOVATIONS INC
NYSE
Building Products & Equipment
$9.47B$76.20-2.76%$942.50M21.28x1.75
AEM
AGNICO EAGLE MINES LTD
NYSE
Gold
$38.69B$77.15-1.25%$3.37B39.16x0.45
CCJ
CAMECO CORP
NYSE
Uranium
$23.58B$54.414.47%$614.46M87.90x0.63
TGLS
TECNOGLASS INC
NYSE
Building Materials
$3.47B$73.94-6.84%$242.75M23.18x0.62
WLKP
WESTLAKE CHEMICAL PARTNERS LP
NYSE
Chemicals
$796.39M$22.60-1.70%$201.82M12.99x1.65
EXP
EAGLE MATERIALS INC
NYSE
Building Materials
$10.41B$310.37-1.03%$819.08M21.77x1.18
TGB
TASEKO MINES LTD
NYSEMKT
Copper
$645.42M$2.15-4.02%$196.67M10.97x3.25
HCC
WARRIOR MET COAL INC
NYSE
Coking Coal
$3.52B$67.34-5.79%$599.67M9.28x0.24
MAS
MASCO CORP
NYSE
Building Products & Equipment
$17.05B$79.02-2.17%$1.33B21.02x-58.57
ECL
ECOLAB INC
NYSE
Specialty Chemicals
$70.31B$248.31-0.90%$3.78B34.54x1.58
USLM
UNITED STATES LIME & MINERALS INC
NASDAQ
Building Materials
$3.94B$137.78-3.18%$147.77M39.77x0.10
FSI
FLEXIBLE SOLUTIONS INTERNATIONAL INC
NYSEMKT
Specialty Chemicals
$54.16M$4.35-0.46%$5.36M19.77x0.48
RS
RELIANCE INC
NYSE
Steel
$17.31B$319.81-1.04%$1.64B17.38x0.40
SHW
SHERWIN WILLIAMS CO
NYSE
Specialty Chemicals
$96.63B$383.67-1.43%$4.81B37.69x4.77
WPM
WHEATON PRECIOUS METALS CORP
NYSE
Gold
$27.07B$59.69-2.10%$937.66M44.38x0.02
SLVM
SYLVAMO CORP
NYSE
Paper & Paper Products
$3.64B$88.81-6.95%$563.00M13.52x2.05
LEU
CENTRUS ENERGY CORP
NYSEMKT
Uranium
$1.50B$91.51-0.09%$94.90M18.68x6.74
CMC
COMMERCIAL METALS CO
NYSE
Steel
$7.00B$61.41-1.98%$963.93M14.66x0.59
FF
FUTUREFUEL CORP
NYSE
Specialty Chemicals
$222.75M$5.091.80%$46.37M6.21x0.20
MTRN
MATERION CORP
NYSE
Other Industrial Metals & Mining
$2.47B$119.04-0.97%$182.12M33.25x0.99
CMCL
CALEDONIA MINING CORP PLC
NYSEMKT
Gold
$236.54M$12.32-8.20%N/A20.53x0.27
BYU
BAIYU HOLDINGS INC
NASDAQ
Other Industrial Metals & Mining
$9.64M$0.19-9.39%$21.34M0.15x0.20
ASH
ASHLAND INC
NYSE
Specialty Chemicals
$3.77B$77.20-1.97%$179.00M25.65x0.94
LYB
LYONDELLBASELL INDUSTRIES NV
NYSE
Specialty Chemicals
$27.15B$83.60-1.61%$4.65B12.69x1.72
KGC
KINROSS GOLD CORP
NYSE
Gold
$11.68B$9.500.53%$2.34B15.83x0.60
ICL
ICL GROUP LTD
NYSE
Agricultural Inputs
$5.52B$4.28-2.51%$1.33B13.81x0.92
SQM
CHEMICAL & MINING CO OF CHILE INC
NYSE
Specialty Chemicals
$10.58B$37.03-3.04%$2.94B11.46x1.42
FUL
FULLER H B CO
NYSE
Specialty Chemicals
$4.16B$76.07-1.91%$575.58M22.78x1.70
SSD
SIMPSON MANUFACTURING CO INC
NYSE
Lumber & Wood Production
$7.76B$184.12-3.23%$521.76M24.16x0.56
CTVA
CORTEVA INC
NYSE
Agricultural Inputs
$39.27B$57.13-2.38%$2.35B57.71x0.68
VGZ
VISTA GOLD CORP
NYSEMKT
Gold
$67.48M$0.55-1.97%$11.32M5.48x0.06
ORGN
ORIGIN MATERIALS INC
NASDAQ
Chemicals
$182.19M$1.25-3.10%-$5.16M-12.50x0.10
SAND
SANDSTORM GOLD LTD
NYSE
Gold
$1.60B$5.40-1.28%$152.60M45.00x0.30
CARR
CARRIER GLOBAL CORP
NYSE
Building Products & Equipment
$67.69B$75.44-1.11%$6.39B19.39x1.71
HWKN
HAWKINS INC
NASDAQ
Specialty Chemicals
$2.65B$126.670.40%$150.82M32.23x0.56
SNES
SENESTECH INC
NASDAQ
Specialty Chemicals
$1.38M$2.67-9.18%-$6.94M0.05x0.30
SCCO
SOUTHERN COPPER CORP
NYSE
Copper
$81.18B$102.70-1.97%$6.12B26.71x1.06
GSM
FERROGLOBE PLC
NASDAQ
Other Industrial Metals & Mining
$772.13M$4.10-1.68%$174.76M19.52x0.79
SXC
SUNCOKE ENERGY INC
NYSE
Coking Coal
$1.06B$12.57-0.55%$261.30M12.45x1.46

Basic Material Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
16-2.10%-7.12%-4.12%+4.98%33.35x1.32x+7.26%+2.87%+4.83%+13.13%Hold
4-3.14%+2.34%+7.47%+50.45%-11.90x2.07x+4.23%+1.12%+5.54%+17.97%Strong Buy
16-1.80%+4.96%+9.50%+53.36%25.23x3.19x+11.93%+6.20%+10.09%+2.64%Buy
31-1.62%+2.13%+0.01%+58.20%30.53x5.74x-13.15%+11.58%+20.82%+5.06%Buy
17-3.27%-6.29%-17.51%-5.80%16.10x1.44x+0.79%+0.91%+3.30%+31.43%Buy
6-2.39%+7.31%+8.90%+10.78%11.77x1.85x+17.04%+11.39%+15.27%+30.33%Strong Buy
7-2.26%-8.38%-10.59%+41.21%29.19x4.94x+24.16%+10.43%+21.36%+7.61%Hold
45-1.81%-9.48%-6.96%+26.05%0.35x1.80x+1.90%+0.97%+4.28%+31.97%Buy
5-2.51%+2.25%-5.35%+23.45%-10.65x1.92x+10.76%+7.32%+10.76%+16.59%Buy
40-1.69%+0.01%-1.16%-3.28%16.04x1.93x+8.18%+6.49%+18.63%+36.27%Buy
18-0.49%-7.57%-6.00%+28.84%-17.26x1.68x-1.50%+0.38%+2.45%+60.23%Strong Buy
6-4.74%-2.19%-0.32%+26.24%16.59x1.79x+12.66%+3.88%+8.51%+7.75%Buy
3+0.67%-8.97%-5.10%+55.78%-0.52x1.57x+4.30%+4.46%+6.21%+16.22%Buy
59-1.46%+1.79%-0.68%+17.56%32.25x3.48x+20.57%+6.46%+11.99%+11.89%Buy
23-2.10%+5.97%+5.87%+11.07%13.72x0.87x+9.30%+5.89%+9.80%+6.78%Strong Buy
6-3.23%+6.83%+9.43%+26.55%6.48x1.49x+22.76%+13.45%+17.91%+7.54%Strong Buy
9+1.69%+13.41%+25.99%+41.56%44.79x4.76x+9.50%+2.90%+5.91%+14.48%Strong Buy

Basic Material Stocks FAQ

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

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

1. Idaho Strategic Resources (NYSEMKT:IDR)


Idaho Strategic Resources (NYSEMKT:IDR) is the top basic material stock with a Zen Score of 74, which is 43 points higher than the basic material sector average of 31. It passed 25 out of 33 due diligence checks and has strong fundamentals. Idaho Strategic Resources has seen its stock return 122.66% over the past year, overperforming other basic material stocks by 95 percentage points.

Idaho Strategic Resources has an average 1 year price target of $14.00, an upside of 25% from Idaho Strategic Resources's current stock price of $11.20.

Idaho Strategic Resources stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Idaho Strategic Resources, 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. Quanex Building Products (NYSE:NX)


Quanex Building Products (NYSE:NX) is the second best basic material stock with a Zen Score of 64, which is 33 points higher than the basic material sector average of 31. It passed 24 out of 38 due diligence checks and has strong fundamentals. Quanex Building Products has seen its stock return 5.29% over the past year, underperforming other basic material stocks by -22 percentage points.

Quanex Building Products has an average 1 year price target of $38.00, an upside of 24.06% from Quanex Building Products's current stock price of $30.63.

Quanex Building Products stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Quanex Building Products, 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.

3. Rpm International (NYSE:RPM)


Rpm International (NYSE:RPM) is the third best basic material stock with a Zen Score of 59, which is 28 points higher than the basic material sector average of 31. It passed 22 out of 38 due diligence checks and has strong fundamentals. Rpm International has seen its stock return 39.36% over the past year, overperforming other basic material stocks by 12 percentage points.

Rpm International has an average 1 year price target of $133.44, a downside of -1.8% from Rpm International's current stock price of $135.89.

Rpm International stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Rpm International, 11.11% have issued a Strong Buy rating, 33.33% have issued a Buy, 55.56% 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 130 basic material stocks that have issued dividends in the past year, the 3 basic material stocks with the highest dividend yields are:

1. Ssr Mining (NASDAQ:SSRM)


Ssr Mining (NASDAQ:SSRM) has an annual dividend yield of N/A, which is N/A percentage points lower than the basic material sector average of 2.16%.

Ssr Mining's dividend payout ratio of -2.9% indicates that its dividend yield might not be sustainable for the long-term.

2. National Steel Co (NYSE:SID)


National Steel Co (NYSE:SID) has an annual dividend yield of 14.98%, which is 13 percentage points higher than the basic material sector average of 2.16%. 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.

3. Vale Sa (NYSE:VALE)


Vale Sa (NYSE:VALE) has an annual dividend yield of 13.95%, which is 12 percentage points higher than the basic material sector average of 2.16%. 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.

Why are basic material stocks down?

Basic material stocks were down -1.79% in the last day, and up 1.5% over the last week. Perimeter Solutions Sa was the among the top losers in the basic materials sector, dropping -13.14% yesterday.

Perimeter Solutions shares are trading lower after the company reported a year-over-year decrease in Q3 EPS results and worse-than-expected Q3 sales results.

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. Olympic Steel (NASDAQ:ZEUS)


Olympic Steel (NASDAQ:ZEUS) is the most undervalued basic material stock based on WallStreetZen's Valuation Score. Olympic Steel has a valuation score of 86, which is 64 points higher than the basic material sector average of 22. It passed 6 out of 7 valuation due diligence checks.

Olympic Steel's stock has dropped -21.54% in the past year. It has underperformed other stocks in the basic material sector by -49 percentage points.

2. Ramaco Resources (NASDAQ:METC)


Ramaco Resources (NASDAQ:METC) is the second most undervalued basic material stock based on WallStreetZen's Valuation Score. Ramaco Resources has a valuation score of 86, which is 64 points higher than the basic material sector average of 22. It passed 6 out of 7 valuation due diligence checks.

Ramaco Resources's stock has dropped -35.36% in the past year. It has underperformed other stocks in the basic material sector by -63 percentage points.

3. Kronos Worldwide (NYSE:KRO)


Kronos Worldwide (NYSE:KRO) is the third most undervalued basic material stock based on WallStreetZen's Valuation Score. Kronos Worldwide has a valuation score of 71, which is 49 points higher than the basic material sector average of 22. It passed 5 out of 7 valuation due diligence checks.

Kronos Worldwide's stock has gained 39.78% in the past year. It has overperformed other stocks in the basic material sector by 12 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 12.12% 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 23.35x.
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.