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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
VMC
VULCAN MATERIALS CO
NYSE
Building Materials
$34.19B$258.540.83%$2.10B36.83x0.94
RGLD
ROYAL GOLD INC
NASDAQ
Gold
$8.16B$124.192.70%$477.94M34.12x0.16
LAAC
LITHIUM AMERICAS (ARGENTINA) CORP
NYSE
Other Industrial Metals & Mining
$785.72M$4.89-0.20%$1.32B44.45x0.27
NRP
NATURAL RESOURCE PARTNERS LP
NYSE
Thermal Coal
$1.13B$89.401.09%$237.40M5.73x0.41
MSB
MESABI TRUST
NYSE
Steel
$226.45M$17.26-0.06%$18.98M11.93x0.27
JHX
JAMES HARDIE INDUSTRIES PLC
NYSE
Building Materials
$15.23B$34.95-0.63%$1.03B28.65x1.54
WLK
WESTLAKE CORP
NYSE
Specialty Chemicals
$19.02B$148.37-1.02%$1.92B39.78x1.00
CLW
CLEARWATER PAPER CORP
NYSE
Paper & Paper Products
$658.53M$39.95-1.77%$272.70M6.25x1.50
MT
ARCELORMITTAL
NYSE
Steel
$20.66B$25.220.08%$4.69B23.14x0.70
CE
CELANESE CORP
NYSE
Chemicals
$16.76B$153.89-0.99%$2.63B8.54x2.69
DOOR
MASONITE INTERNATIONAL CORP
NYSE
Building Products & Equipment
$2.89B$131.750.11%$334.11M24.53x2.15
CLF
CLEVELAND-CLIFFS INC
NYSE
Steel
$8.67B$18.23-0.49%$1.78B23.99x1.36
NTIC
NORTHERN TECHNOLOGIES INTERNATIONAL CORP
NASDAQ
Specialty Chemicals
$163.95M$17.390.23%$8.35M36.23x0.23
MTRN
MATERION CORP
NYSE
Other Industrial Metals & Mining
$2.45B$118.630.14%$200.80M25.57x0.99
KGC
KINROSS GOLD CORP
NYSE
Gold
$8.26B$6.731.97%$1.80B19.79x0.72
SXT
SENSIENT TECHNOLOGIES CORP
NYSE
Specialty Chemicals
$2.95B$69.64-0.56%$212.84M31.37x0.91
IDR
IDAHO STRATEGIC RESOURCES INC
NYSEMKT
Gold
$114.55M$9.123.52%$2.67M101.33x0.19
GEVO
GEVO INC
NASDAQ
Specialty Chemicals
$143.58M$0.60-10.09%-$45.05M-2.13x0.17
BTG
B2GOLD CORP
NYSEMKT
Gold
$3.36B$2.581.98%$302.77M258.00x0.25
ESI
ELEMENT SOLUTIONS INC
NYSE
Specialty Chemicals
$5.73B$23.68-0.59%$347.10M48.33x1.13
EGO
ELDORADO GOLD CORP
NYSE
Gold
$3.00B$14.783.07%$460.37M24.23x0.41
ASIX
ADVANSIX INC
NYSE
Chemicals
$691.53M$25.90-2.78%$149.72M12.95x1.02
MP
MP MATERIALS CORP
NYSE
Other Industrial Metals & Mining
$2.85B$16.031.84%$94.04M114.50x0.71
CMCL
CALEDONIA MINING CORP PLC
NYSEMKT
Gold
$194.38M$10.131.00%N/A-42.21x0.27
APT
ALPHA PRO TECH LTD
NYSEMKT
Building Products & Equipment
$70.38M$6.142.68%$7.09M17.54x0.12
SIM
GRUPO SIMEC SAB DE CV
NYSEMKT
Steel
$4.77B$31.000.00%$684.92M10.95x0.41
WTTR
SELECT WATER SOLUTIONS INC
NYSE
Specialty Chemicals
$1.11B$9.420.64%$159.69M12.90x0.42
SUM
SUMMIT MATERIALS INC
NYSE
Building Materials
$6.86B$39.371.13%$731.46M16.40x1.23
IE
IVANHOE ELECTRIC INC
NYSEMKT
Copper
$1.15B$9.551.60%-$194.36M4.90x0.30
AMR
ALPHA METALLURGICAL RESOURCES INC
NYSE
Coking Coal
$4.43B$341.105.18%$989.25M6.66x0.53
AVTR
AVANTOR INC
NYSE
Specialty Chemicals
$17.06B$25.15-1.22%$1.10B52.40x1.47
KOP
KOPPERS HOLDINGS INC
NYSE
Specialty Chemicals
$1.13B$53.540.58%$252.00M12.51x2.67
HNRG
HALLADOR ENERGY CO
NASDAQ
Thermal Coal
$168.32M$4.830.10%$130.18M3.57x1.20
ZEUS
OLYMPIC STEEL INC
NASDAQ
Steel
$752.00M$67.55-0.01%$104.77M17.55x0.77
JCTCF
JEWETT CAMERON TRADING CO LTD
NASDAQ
Lumber & Wood Production
$17.96M$5.122.48%$3.13M10.05x0.17
FSI
FLEXIBLE SOLUTIONS INTERNATIONAL INC
NYSEMKT
Specialty Chemicals
$28.14M$2.260.00%$4.88M10.27x0.49
KRO
KRONOS WORLDWIDE INC
NYSE
Specialty Chemicals
$1.31B$11.36-2.07%-$2.70M-26.42x1.27
AVNT
AVIENT CORP
NYSE
Specialty Chemicals
$3.90B$42.79-1.09%$390.80M51.55x1.57
ASTL
ALGOMA STEEL GROUP INC
NASDAQ
Steel
$806.03M$7.780.91%$169.78M19.65x0.84
ECL
ECOLAB INC
NYSE
Specialty Chemicals
$62.75B$219.79-0.45%$2.96B45.60x1.71
BTU
PEABODY ENERGY CORP
NYSE
Thermal Coal
$3.07B$23.942.05%$1.45B4.34x0.66
WPM
WHEATON PRECIOUS METALS CORP
NYSE
Gold
$24.34B$53.732.23%$760.49M45.27x0.01
CX
CEMEX SAB DE CV
NYSE
Building Materials
$12.03B$8.180.74%$2.59B41.52x1.48
SNES
SENESTECH INC
NASDAQ
Specialty Chemicals
$3.86M$0.75-1.45%-$7.57M-0.07x0.15
SEED
ORIGIN AGRITECH LTD
NASDAQ
Agricultural Inputs
$20.78M$3.28-7.34%$8.43M2.79x-5.57
ASPN
ASPEN AEROGELS INC
NYSE
Building Products & Equipment
$1.20B$15.71-5.59%-$28.84M-23.80x0.44
X
UNITED STATES STEEL CORP
NYSE
Steel
$8.32B$37.171.56%$1.72B9.34x0.84
CEIX
CONSOL ENERGY INC
NYSE
Thermal Coal
$2.55B$86.153.26%$1.05B4.33x0.99
DD
DUPONT DE NEMOURS INC
NYSE
Specialty Chemicals
$30.69B$73.50-0.62%$1.94B78.19x0.57
FCX
FREEPORT-MCMORAN INC
NYSE
Copper
$70.86B$49.402.40%$6.70B38.59x1.51
KNF
KNIFE RIVER CORP
NYSE
Building Materials
$4.39B$77.620.73%$427.21M24.03x1.05
PKX
POSCO HOLDINGS INC
NYSE
Steel
$21.56B$71.04-0.48%$7.88B16.94x0.76
LOMA
LOMA NEGRA COMPANIA INDUSTRIAL ARGENTINA SOCIEDAD ANONIMA
NYSE
Building Materials
$836.99M$7.172.14%$229.78M47.17x0.75
EXK
ENDEAVOUR SILVER CORP
NYSE
Other Precious Metals & Mining
$605.13M$2.793.33%$48.44M93.00x0.23
GAU
GALIANO GOLD INC
NYSEMKT
Gold
$339.71M$1.515.59%$26.25M12.58x0.06
CSTM
CONSTELLIUM SE
NYSE
Aluminum
$2.99B$20.371.90%$666.67M11.69x4.34
CARR
CARRIER GLOBAL CORP
NYSE
Building Products & Equipment
$53.89B$59.819.20%$2.86B40.69x2.50
PRM
PERIMETER SOLUTIONS SA
NYSE
Specialty Chemicals
$1.02B$6.97-0.43%$173.06M15.84x1.01
GPRE
GREEN PLAINS INC
NASDAQ
Chemicals
$1.36B$21.16-2.71%$36.95M-13.31x1.13
SXC
SUNCOKE ENERGY INC
NYSE
Coking Coal
$877.14M$10.470.87%$261.90M15.40x1.65
MTUS
METALLUS INC
NYSE
Steel
$937.04M$21.35-0.65%$146.20M13.51x0.61
PPIH
PERMA-PIPE INTERNATIONAL HOLDINGS INC
NASDAQ
Building Products & Equipment
$57.82M$7.17-0.83%$15.14M11.03x1.65
AZEK
AZEK CO INC
NYSE
Building Products & Equipment
$6.64B$45.560.35%$337.96M57.67x0.68
JELD
JELD-WEN HOLDING INC
NYSE
Building Products & Equipment
$1.79B$20.9711.54%$338.23M28.73x2.50
EQX
EQUINOX GOLD CORP
NYSEMKT
Gold
$1.67B$5.250.38%$291.09M58.33x0.78
LXU
LSB INDUSTRIES INC
NYSE
Chemicals
$593.46M$8.130.49%$143.95M21.97x1.51
FBIN
FORTUNE BRANDS INNOVATIONS INC
NYSE
Building Products & Equipment
$9.24B$73.22-0.42%$837.30M22.95x1.86
BYU
BAIYU HOLDINGS INC
NASDAQ
Other Industrial Metals & Mining
$23.74M$1.20-5.51%$11.99M-2.50x0.19
UEC
URANIUM ENERGY CORP
NYSEMKT
Uranium
$2.69B$6.660.60%-$2.46M-666.00x0.14
PLL
PIEDMONT LITHIUM INC
NASDAQ
Other Industrial Metals & Mining
$221.10M$11.422.79%-$18.12M-10.02x0.15
SCL
STEPAN CO
NYSE
Specialty Chemicals
$1.86B$83.17-2.03%$165.83M46.99x0.94
VOXR
VOX ROYALTY CORP
NASDAQ
Other Precious Metals & Mining
$102.47M$2.05-0.97%$4.93MN/A0.17
LVRO
LAVORO LTD
NASDAQ
Agricultural Inputs
$679.34M$5.98-1.48%$74.05M-6.09x3.04
ORLA
ORLA MINING LTD
NYSEMKT
Gold
$1.29B$4.102.24%$48.59M-45.56x0.34
SAND
SANDSTORM GOLD LTD
NYSE
Gold
$1.63B$5.492.23%$161.36M39.21x0.35
TRX
TRX GOLD CORP
NYSEMKT
Gold
$126.49M$0.450.00%N/A45.30x0.44
CRH
CRH PUBLIC LTD CO
NYSE
Building Materials
$53.30B$77.20-0.55%$6.41B17.71x1.24
BCPC
BALCHEM CORP
NASDAQ
Specialty Chemicals
$4.47B$138.50-1.52%$214.81M40.98x0.52
FURY
FURY GOLD MINES LTD
NYSEMKT
Other Industrial Metals & Mining
$72.44M$0.50-0.60%$13.17M5.65x0.03
PZG
PARAMOUNT GOLD NEVADA CORP
NYSEMKT
Gold
$26.60M$0.440.92%-$6.29M3.39x0.51
LIN
LINDE PLC
NASDAQ
Specialty Chemicals
$213.74B$443.83-0.11%$12.03B34.95x1.00
LGO
LARGO INC
NASDAQ
Other Industrial Metals & Mining
$95.76M$1.50-2.29%$3.82M-2.93x0.51
MTEN
MINGTENG INTERNATIONAL CORP INC
NASDAQ
Building Products & Equipment
N/A$3.99-0.25%$2.44M11.74x0.60
BHIL
BENSON HILL INC
NYSE
Agricultural Inputs
$39.69M$0.195.03%-$58.83M-0.31x2.19
AEHL
ANTELOPE ENTERPRISE HOLDINGS LTD
NASDAQ
Building Products & Equipment
$4.15M$1.985.88%$1.38M13.85x0.12
ALTO
ALTO INGREDIENTS INC
NASDAQ
Specialty Chemicals
$143.07M$1.89-3.57%$2.60M-4.73x0.63
TECK
TECK RESOURCES LTD
NYSE
Other Industrial Metals & Mining
$25.71B$49.549.02%$3.98B22.06x1.05
GURE
GULF RESOURCES INC
NASDAQ
Chemicals
$16.02M$1.544.14%$21.77M-3.01x0.07
SSL
SASOL LTD
NYSE
Specialty Chemicals
$4.39B$6.86-2.97%$1.23B9.22x1.18
AUST
AUSTIN GOLD CORP
NYSEMKT
Gold
$12.04M$0.913.07%-$2.94M-4.10x0.06
ODV
OSISKO DEVELOPMENT CORP
NYSE
Gold
$173.25M$2.060.49%-$131.98M-1.27x0.31
LOOP
LOOP INDUSTRIES INC
NASDAQ
Specialty Chemicals
$134.03M$2.820.71%-$9.84M-12.26x0.31
UAMY
UNITED STATES ANTIMONY CORP
NYSEMKT
Other Industrial Metals & Mining
$25.40M$0.24-2.88%-$5.39M-3.93x0.10
HYMC
HYCROFT MINING HOLDING CORP
NASDAQ
Gold
$76.88M$3.66-2.14%-$32.66M-1.40x14.94
ASPI
ASP ISOTOPES INC
NASDAQ
Chemicals
$165.36M$3.381.20%-$16.14M-6.90x0.54
HBM
HUDBAY MINERALS INC
NYSE
Copper
$2.85B$8.124.91%$617.92M36.91x1.53
NXE
NEXGEN ENERGY LTD
NYSE
Uranium
$4.05B$7.71-1.28%$56.48M65.34x0.23
MUX
MCEWEN MINING INC
NYSE
Other Precious Metals & Mining
$590.31M$11.949.34%$82.60M10.29x0.31
NC
NACCO INDUSTRIES INC
NYSE
Thermal Coal
$213.78M$28.52-0.42%-$32.31M-5.39x0.41
ARMN
ARIS MINING CORP
NYSEMKT
Gold
$546.15M$3.971.53%$124.49M49.63x1.17

Basic Material Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
18+0.19%+0.72%-3.51%-21.30%26.45x1.36x+10.01%+3.93%+6.62%+17.00%Buy
4+1.01%-0.77%+7.48%+41.41%-4.29x2.01x-4.61%-1.83%+1.14%-7.59%Buy
15+0.34%+1.99%-3.27%+65.66%26.94x3.17x+17.14%+8.12%+13.35%+8.23%Buy
33+0.81%+2.89%-3.43%+63.22%28.31x5.12x-2.95%+10.04%+18.02%+5.51%Buy
16-0.86%+0.26%-1.86%+15.87%40.96x1.93x+4.75%+1.87%+4.00%+16.30%Buy
6+4.69%+1.69%+7.81%+88.40%8.16x2.19x+29.88%+20.52%+27.49%+8.65%Buy
7+2.45%-2.63%+7.69%+33.15%36.25x5.89x+20.51%+8.75%+18.98%-12.07%Buy
45+2.88%+1.47%+12.46%-7.94%17.57x1.75x+0.25%+0.04%+2.63%+13.43%Buy
6+0.47%-1.63%-9.45%+22.08%-10.85x1.71x+13.02%+8.34%+12.51%+16.73%Buy
40+0.82%+0.34%-1.61%-23.56%14.64x2.15x+9.41%+6.80%+13.70%+57.78%Buy
17+3.38%+2.39%+15.60%-6.66%17.57x1.65x+0.98%+3.64%+5.14%+49.49%Buy
6-1.58%+5.10%-1.47%+21.90%5.66x1.63x+29.98%+9.08%+16.56%-16.53%Hold
3+5.01%+4.27%+33.30%+0.30%5.35x1.67x-0.66%+0.60%+0.16%+32.14%Strong Buy
58-1.72%-1.38%-6.11%+10.34%30.16x3.34x+20.25%+6.95%+12.45%+14.55%Buy
23-1.38%-4.53%-8.26%+17.88%13.24x0.94x+14.67%+8.97%+14.41%+15.53%Hold
6+1.75%+1.33%-0.24%+27.92%4.31x1.25x+34.15%+19.41%+27.01%+18.55%Strong Buy
10+0.34%+0.81%+5.77%+70.11%6.28x4.46x-3.31%+4.89%+6.83%+41.55%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 -34.43% over the past year, underperforming other basic material stocks by -58 percentage points.

Chemical & Mining Co Of Chile has an average 1 year price target of $57.72, an upside of 32.65% from Chemical & Mining Co Of Chile's current stock price of $43.51.

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 -34.91% over the past year, underperforming other basic material stocks by -59 percentage points.

Albemarle has an average 1 year price target of $141.71, an upside of 23.24% from Albemarle's current stock price of $114.98.

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 58.85% over the past year, overperforming other basic material stocks by 35 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 2.91%. 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 49.28%, which is 46 percentage points higher than the basic material sector average of 2.91%. 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 22.7%, which is 20 percentage points higher than the basic material sector average of 2.91%. 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 up?

Basic material stocks were up 0% in the last day, and up 0.23% over the last week. Newmont was the among the top gainers in the basic materials sector, gaining 12.46% yesterday.

Newmont shares are trading higher after the company reported better-than-expected Q1 2024 adjusted EPS and sales.

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 100, which is 72 points higher than the basic material sector average of 28. It passed 7 out of 7 valuation due diligence checks.

Hudson Technologies's stock has gained 33.38% in the past year. It has overperformed other stocks in the basic material sector by 10 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 gained 10.12% in the past year. It has underperformed other stocks in the basic material sector by -14 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 gained 7.61% in the past year. It has underperformed other stocks in the basic material sector by -16 percentage points.

Are basic material stocks a good buy now?

52.45% of basic material stocks rated by analysts are a buy right now. On average, analysts expect basic material stocks to rise by 12.35% 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 24.23x.
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.