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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
EGO
ELDORADO GOLD CORP
$3.00B$1.04B$460.37M$118.92M$0.6114.58%20.56%N/AN/A2024-06-13
CE
CELANESE CORP
$17.32B$10.94B$2.63B$1.96B$18.0113.10%8.86%3.03%14.91%2024-05-08
CLF
CLEVELAND-CLIFFS INC
$8.18B$21.90B$1.78B$389.00M$0.76-1.92%56.82%-17.39%-28.23%2024-05-16
NTIC
NORTHERN TECHNOLOGIES INTERNATIONAL CORP
$175.73M$82.70M$8.35M$4.60M$0.486.80%8.47%77.78%-9.71%
IDR
IDAHO STRATEGIC RESOURCES INC
$108.55M$16.21M$4.96M$3.27M$0.2549.06%34.58%N/AN/A2024-05-13
SCCO
SOUTHERN COPPER CORP
$91.26B$9.70B$5.03B$2.35B$3.04-3.73%6.72%-11.63%9.97%2024-05-24
KGC
KINROSS GOLD CORP
$8.29B$4.24B$1.80B$416.30M$0.3422.71%5.71%N/AN/A2024-05-07
OEC
ORION SA
$1.39B$2.04B$331.18M$94.52M$1.62-7.38%3.11%-20.95%-5.44%2024-06-20
CMCL
CALEDONIA MINING CORP PLC
$191.31M$146.31MN/A-$4.20M-$0.242.98%16.43%N/AN/A2024-05-13
APT
ALPHA PRO TECH LTD
$70.61M$61.23M$7.09M$4.19M$0.35-1.21%5.60%34.62%6.13%2024-05-07
SHW
SHERWIN WILLIAMS CO
$79.87B$22.98B$4.63B$2.42B$9.491.70%5.46%14.89%19.04%
RGLD
ROYAL GOLD INC
$8.14B$605.72M$477.94M$239.44M$3.640.42%7.10%0.00%N/A2024-05-08
CEIX
CONSOL ENERGY INC
$2.47B$2.57B$1.05B$655.89M$19.9122.21%10.89%48.47%29.44%2024-05-07
WLK
WESTLAKE CORP
$19.71B$12.17B$1.64B$259.00M$2.01-19.39%7.41%-86.28%-19.67%2024-06-13
WPM
WHEATON PRECIOUS METALS CORP
$24.36B$1.02B$760.49M$537.64M$1.19-4.60%5.06%-19.91%4.34%2024-05-10
WTTR
SELECT WATER SOLUTIONS INC
$1.09B$1.54B$156.62M$65.68M$0.651.73%0.26%18.18%13.84%2024-05-08
GEVO
GEVO INC
$165.13M$17.13M-$46.43M-$67.47M-$0.29242.39%-11.20%N/AN/A2024-05-21
AMR
ALPHA METALLURGICAL RESOURCES INC
$3.86B$3.42B$827.87M$578.18M$42.59-13.11%9.67%-45.70%15.86%
IE
IVANHOE ELECTRIC INC
$1.33B$3.90M-$194.36M-$199.38M$1.95-53.76%N/A2.09%N/A2024-05-13
HNRG
HALLADOR ENERGY CO
$177.91M$634.48M$130.18M$44.79M$1.3575.28%16.67%136.84%40.11%
SUM
SUMMIT MATERIALS INC
$7.07B$2.99B$767.70M$249.79M$2.2523.16%7.12%-2.17%70.32%
ASPN
ASPEN AEROGELS INC
$1.97B$287.63M-$8.69M-$30.85M-$0.4453.37%21.37%N/AN/A
AVNT
AVIENT CORP
$4.05B$3.14B$390.80M$75.70M$0.83-7.48%1.75%-89.23%-16.21%2024-05-07
BCPC
BALCHEM CORP
$4.97B$929.56M$222.40M$114.82M$3.58-1.74%7.77%15.48%8.15%
KRO
KRONOS WORLDWIDE INC
$1.40B$1.67B-$2.70M-$49.10M-$0.43-13.66%0.06%N/AN/A2024-05-15
JCTCF
JEWETT CAMERON TRADING CO LTD
$18.68M$51.60M$3.13M$1.78M$0.51-8.90%1.42%628.57%-2.54%
CTVA
CORTEVA INC
$39.28B$16.83B$2.12B$559.00M$0.79-5.10%3.92%-51.83%N/A
SIM
GRUPO SIMEC SAB DE CV
$4.77B$3.01B$684.92M$436.57M$2.832.47%13.76%-12.35%34.90%
SXT
SENSIENT TECHNOLOGIES CORP
$3.18B$1.46B$212.84M$93.39M$2.221.35%0.98%-33.93%-9.76%
SNES
SENESTECH INC
$4.33M$1.19M-$7.57M-$7.71M-$11.5117.08%32.06%N/AN/A2024-06-25
MTRN
MATERION CORP
$2.24B$1.61B$187.11M$83.52M$4.05-8.15%5.93%-14.56%24.57%2024-05-09
ASTL
ALGOMA STEEL GROUP INC
$803.96M$2.13B$169.78M$42.39M$0.40-3.43%N/A-85.06%N/A2024-06-22
JELD
JELD-WEN HOLDING INC
$1.63B$4.30B$338.23M$62.45M$0.73-5.27%-0.20%37.74%-11.70%
ECL
ECOLAB INC
$65.38B$15.50B$3.12B$1.55B$5.456.95%4.81%34.57%1.22%
AVTR
AVANTOR INC
$16.89B$6.87B$1.01B$260.00M$0.39-6.48%2.99%-57.61%N/A2024-05-09
ESI
ELEMENT SOLUTIONS INC
$5.78B$2.33B$360.20M$131.20M$0.54-4.49%3.89%-23.94%N/A2024-06-04
KALU
KAISER ALUMINUM CORP
$1.57B$3.02B$220.20M$55.90M$3.48-8.21%13.62%N/A-9.49%
SEED
ORIGIN AGRITECH LTD
$21.79M$13.00M$8.43M$7.71M$1.1875.75%46.73%N/AN/A
BVN
BUENAVENTURA MINING CO INC
$4.37B$823.85M$182.10M$19.86M$0.08-0.12%-6.46%-96.63%N/A2024-05-14
EXK
ENDEAVOUR SILVER CORP
$620.31M$205.46M$48.44M$6.12M$0.03-2.23%6.42%0.00%N/A2024-05-22
LOMA
LOMA NEGRA COMPANIA INDUSTRIAL ARGENTINA SOCIEDAD ANONIMA
$886.89M$483.41M$141.48M$11.80M$0.10-79.62%-17.41%-62.67%-41.52%
ECVT
ECOVYST INC
$1.11B$690.78M$219.50M$73.85M$0.62-13.79%-10.78%29.17%6.15%2024-05-08
SXC
SUNCOKE ENERGY INC
$864.30M$2.06B$263.00M$61.20M$0.722.14%6.71%-30.10%11.92%2024-05-16
PRM
PERIMETER SOLUTIONS SA
$1.08B$322.11M$173.06M$67.49M$0.44-10.65%N/A-22.81%N/A2024-05-23
DD
DUPONT DE NEMOURS INC
$32.83B$11.98B$1.89B$355.00M$0.84-6.11%-11.77%-92.61%-27.76%2024-05-23
CPAC
CEMENTOS PACASMAYO SAA
$482.05M$521.88M$135.44M$46.88M$0.55-3.17%6.67%5.70%15.29%
KNF
KNIFE RIVER CORP
$4.57B$2.83B$427.21M$182.87M$3.2311.66%N/A57.56%N/A
AZEK
AZEK CO INC
$6.88B$1.39B$337.96M$119.51M$0.796.28%N/A276.19%N/A2024-05-08
X
UNITED STATES STEEL CORP
$8.55B$17.74B$1.64B$867.00M$3.87-12.60%4.08%-49.28%-9.88%
CSTM
CONSTELLIUM SE
$3.00B$7.54B$666.67M$126.88M$1.74-13.38%2.83%23.67%-2.41%
UUUU
ENERGY FUELS INC
$942.63M$43.74M-$7.73M-$10.77M-$0.0749.84%6.36%N/AN/A2024-06-11
MTUS
METALLUS INC
$913.78M$1.36B$146.20M$69.40M$1.582.44%-3.29%11.27%N/A2024-05-10
PLL
PIEDMONT LITHIUM INC
$260.60M$39.82M-$18.12M-$21.78M-$1.14N/AN/AN/AN/A2024-06-11
SCL
STEPAN CO
$1.94B$2.33B$165.83M$40.20M$1.77-16.14%3.13%-72.60%-18.19%
FCX
FREEPORT-MCMORAN INC
$73.14B$22.86B$6.70B$1.85B$1.280.33%4.17%-46.67%-6.49%2024-06-11
UEC
URANIUM ENERGY CORP
$2.98B$59.39M-$2.46M-$4.87M-$0.01-48.44%N/AN/AN/A2024-06-06
BYU
BAIYU HOLDINGS INC
$23.15M$134.63M$11.99M-$719.79k-$0.48-14.16%207.70%N/AN/A
FBIN
FORTUNE BRANDS INNOVATIONS INC
$9.23B$4.70B$870.80M$416.30M$3.301.58%-3.32%-27.95%3.41%2024-05-07
EQX
EQUINOX GOLD CORP
$1.78B$1.09B$291.09M$28.88M$0.0914.28%104.86%N/AN/A2024-05-09
VOXR
VOX ROYALTY CORP
$102.47M$12.31M$4.93M-$101.11k$0.0044.69%N/A-100.00%N/A2024-05-08
CRH
CRH PUBLIC LTD CO
$56.69B$34.95B$6.41B$3.18B$4.366.80%4.95%-15.34%4.70%2024-05-10
UAN
CVR PARTNERS LP
$859.52M$582.88M$196.31M$83.14M$7.86-30.52%9.93%-71.83%N/A
ORLA
ORLA MINING LTD
$1.25B$233.64M$48.59M-$27.01M-$0.0920.91%N/AN/AN/A2024-06-20
MP
MP MATERIALS CORP
$2.66B$206.43M$84.14M$3.35M$0.02-54.82%N/A-98.54%N/A2024-06-11
LVRO
LAVORO LTD
$644.12M$1.88B$74.05M-$111.65M-$0.989.04%N/AN/AN/A
FURY
FURY GOLD MINES LTD
$58.30M$0.00$13.17M$12.66M$0.09N/AN/AN/AN/A2024-06-28
TRX
TRX GOLD CORP
$126.49M$35.89MN/A$3.82M$0.0113.67%N/A0.00%N/A
PKX
POSCO HOLDINGS INC
$22.78B$55.73B$7.62B$1.23B$4.05-11.73%0.32%-47.66%-1.91%
NXE
NEXGEN ENERGY LTD
$4.52B$0.00$56.48M$51.59M$0.12N/AN/AN/AN/A2024-05-13
PZG
PARAMOUNT GOLD NEVADA CORP
$25.81M$0.00-$6.29M-$6.83M$0.13N/A-100.00%-7.14%-10.78%2024-05-12
MTEN
MINGTENG INTERNATIONAL CORP INC
N/A$7.75M$2.44M$1.71M$0.34-4.22%N/A-17.07%N/A
AEHL
ANTELOPE ENTERPRISE HOLDINGS LTD
$3.98M$63.36M$1.38M$1.42M$0.14205.21%-12.97%N/AN/A
TECK
TECK RESOURCES LTD
$25.89B$11.02B$3.98B$1.17B$2.25-6.35%3.42%-42.71%-10.20%
ALTO
ALTO INGREDIENTS INC
$147.61M$1.22B$2.60M-$29.27M-$0.40-8.44%-4.20%N/AN/A
BHIL
BENSON HILL INC
$42.22M$473.34M-$58.83M-$115.31M-$0.6124.16%N/AN/AN/A2024-05-09
GURE
GULF RESOURCES INC
$15.65M$41.76M$21.77M-$5.71M-$0.51-38.92%47.62%N/AN/A
CARR
CARRIER GLOBAL CORP
$57.72B$23.01B$2.86B$1.25B$1.479.35%N/A-51.32%N/A
LIN
LINDE PLC
$205.07B$32.76B$12.20B$6.31B$13.00-1.75%11.75%43.33%0.63%2024-05-10
LOOP
LOOP INDUSTRIES INC
$135.93M$119.49k-$9.84M-$10.57M-$0.23-25.32%N/AN/AN/A2024-05-16
UAMY
UNITED STATES ANTIMONY CORP
$24.01M$8.69M-$5.39M-$6.36M-$0.06-21.29%-0.77%N/AN/A2024-05-13
CX
CEMEX SAB DE CV
$11.56B$17.39B$3.20B$182.00M$0.0411.63%5.14%-78.68%-18.10%
CENX
CENTURY ALUMINUM CO
$1.61B$2.12B$343.10M$228.70M$2.47-17.61%1.93%N/AN/A2024-06-03
SSL
SASOL LTD
$4.61B$15.39B$1.23B$467.53M$0.74-7.43%3.43%-80.43%-6.15%
AUST
AUSTIN GOLD CORP
$13.07M$0.00-$2.94M-$2.94M-$0.22N/AN/AN/AN/A
CCJ
CAMECO CORP
$21.99B$1.93B$614.46M$269.29M$0.6242.70%4.66%287.58%14.94%2024-05-09
SID
NATIONAL STEEL CO
$3.74B$8.74B$1.83B-$61.19M-$0.0511.26%9.53%N/AN/A2024-05-09
ODV
OSISKO DEVELOPMENT CORP
$154.75M$23.25M-$131.98M-$133.73M-$1.63-49.14%N/AN/AN/A2024-05-07
WFG
WEST FRASER TIMBER CO LTD
$6.39B$6.45B$382.00M-$90.00M-$1.09-21.47%N/AN/AN/A
ASM
AVINO SILVER & GOLD MINES LTD
$95.26M$32.27M$2.11M$398.53k$0.002.31%5.48%-100.00%-100.00%2024-06-19
ASPI
ASP ISOTOPES INC
$171.23M$433.03k-$16.14M-$16.29M-$0.49N/AN/AN/AN/A
USAP
UNIVERSAL STAINLESS & ALLOY PRODUCTS INC
$273.30M$297.72M$38.88M$9.56M$1.0435.07%3.35%N/A-1.99%2024-05-08
LGO
LARGO INC
$110.81M$198.68M$3.82M-$32.36M-$0.51-13.33%N/AN/AN/A2024-06-25
HUN
HUNTSMAN CORP
$4.29B$5.98B$358.00M-$89.00M-$0.50-19.66%-5.34%N/AN/A
NEM
NEWMONT CORP
$47.73B$13.16B$470.00M-$2.68B-$3.2713.70%12.69%N/AN/A
ARMN
ARIS MINING CORP
$575.04M$447.67M$124.49M$11.42M$0.0811.93%N/AN/AN/A2024-05-16
MUX
MCEWEN MINING INC
$595.75M$166.23M$82.60M$55.30M$1.1650.55%5.34%N/AN/A2024-05-09
TROX
TRONOX HOLDINGS PLC
$2.95B$2.92B$460.00M-$348.00M-$2.23-8.79%10.54%N/AN/A2024-05-08
IFF
INTERNATIONAL FLAVORS & FRAGRANCES INC
$22.64B$11.35B-$925.00M-$2.50B-$9.77-7.27%21.18%N/AN/A2024-05-07
SAND
SANDSTORM GOLD LTD
$1.67B$178.47M$143.77M$21.85M$0.0813.42%19.96%-76.47%21.67%
GATO
GATOS SILVER INC
$712.56M$0.00$15.44M$14.56M$0.22N/AN/A4.76%N/A2024-06-04

Basic Material Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
18+0.32%-0.65%-3.67%-25.98%34.26x1.38x+8.26%+3.12%+5.53%+26.94%Buy
4+1.81%+0.87%+1.94%+39.60%1.88x2.07x+3.22%-0.02%+3.39%-12.07%Buy
15+2.33%+3.54%+0.02%+59.39%34.18x3.06x+18.64%+9.05%+14.90%+6.17%Buy
33+1.58%+1.77%-0.68%+61.33%29.26x5.42x-2.09%+10.06%+18.16%+4.22%Buy
16+0.76%-0.68%-3.94%+16.55%20.33x1.99x+6.61%+2.31%+4.40%+14.80%Buy
6-6.73%-9.44%-1.13%+59.69%8.25x1.98x+25.25%+17.32%+23.28%+20.84%Strong Buy
7+1.67%-2.43%+3.40%+35.87%38.51x6.13x+20.41%+8.57%+18.47%-8.73%Buy
45+2.20%-0.90%+2.17%-12.09%18.06x1.77x-0.68%-0.42%+2.35%+16.31%Buy
6+0.77%+2.71%-6.24%+29.05%-8.48x1.76x+13.50%+8.86%+13.34%+12.11%Buy
40+0.89%-2.96%-4.50%-25.92%19.52x2.19x+10.83%+7.08%+14.12%+60.38%Buy
17+2.00%-2.36%-1.04%-7.21%75.69x1.65x-5.12%+0.13%+2.05%+48.59%Buy
6+2.24%+8.42%+8.84%+37.23%5.99x1.74x+29.76%+9.03%+16.49%-17.57%Hold
3+3.82%+0.30%-3.50%-2.20%4.23x1.66x-0.92%+0.40%-0.11%+34.03%Strong Buy
58+1.14%+1.97%-3.08%+12.50%33.09x3.40x+18.48%+6.14%+11.62%+13.41%Buy
23-0.47%-1.56%-10.58%+20.61%11.88x0.96x+14.13%+8.71%+14.09%+16.36%Buy
6-0.65%-0.98%+1.71%+32.26%4.28x1.25x+34.24%+19.54%+26.92%+16.74%Strong Buy
10+2.96%+3.82%+3.16%+72.38%-2.73x4.71x-5.01%+3.94%+5.84%+32.61%Strong Buy

Basic Material Stocks FAQ

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

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

1. Oil Dri Of America (NYSE:ODC)


Oil Dri Of America (NYSE:ODC) is the top basic material stock with a Zen Score of 63, which is 33 points higher than the basic material sector average of 30. It passed 23 out of 38 due diligence checks and has strong fundamentals. Oil Dri Of America has seen its stock return 86.1% over the past year, overperforming other basic material stocks by 63 percentage points.

2. Vale Sa (NYSE:VALE)


Vale Sa (NYSE:VALE) is the second best basic material stock with a Zen Score of 60, which is 30 points higher than the basic material sector average of 30. It passed 22 out of 38 due diligence checks and has strong fundamentals. Vale Sa has seen its stock lose -9.42% over the past year, underperforming other basic material stocks by -32 percentage points.

Vale Sa has an average 1 year price target of $17.00, an upside of 35.03% from Vale Sa's current stock price of $12.59.

Vale Sa stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Vale Sa, 42.86% have issued a Strong Buy rating, 14.29% have issued a Buy, 42.86% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Eastman Chemical Co (NYSE:EMN)


Eastman Chemical Co (NYSE:EMN) 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 21 out of 38 due diligence checks and has strong fundamentals. Eastman Chemical Co has seen its stock return 22.29% over the past year, underperforming other basic material stocks by -1 percentage points.

Eastman Chemical Co has an average 1 year price target of $106.31, an upside of 7.65% from Eastman Chemical Co's current stock price of $98.75.

Eastman Chemical Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Eastman Chemical Co, 46.15% have issued a Strong Buy rating, 0% have issued a Buy, 53.85% 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 132 basic material stocks that have issued dividends in the past year, the 3 basic material stocks with the highest dividend yields are:

1. Futurefuel (NYSE:FF)


Futurefuel (NYSE:FF) has an annual dividend yield of 50.93%, which is 48 percentage points higher than the basic material sector average of 2.86%. 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.

2. Cvr Partners (NYSE:UAN)


Cvr Partners (NYSE:UAN) has an annual dividend yield of 21.89%, which is 19 percentage points higher than the basic material sector average of 2.86%. 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 226.5% indicates that its high dividend yield might not be sustainable for the long-term.

3. National Steel Co (NYSE:SID)


National Steel Co (NYSE:SID) has an annual dividend yield of 14.06%, which is 11 percentage points higher than the basic material sector average of 2.86%. 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 0.97% in the last day, and up 0.86% over the last week. Idaho Strategic Resources was the among the top gainers in the basic materials sector, gaining 11.96% yesterday.

Idaho Strategic Resources shares are trading higher after the company reported better-than-expected Q1 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. 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 74 points higher than the basic material sector average of 26. It passed 7 out of 7 valuation due diligence checks.

Hudson Technologies's stock has gained 20.59% in the past year. It has underperformed other stocks in the basic material sector by -2 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 60 points higher than the basic material sector average of 26. It passed 6 out of 7 valuation due diligence checks.

Methanex's stock has gained 10.93% in the past year. It has underperformed other stocks in the basic material sector by -12 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 60 points higher than the basic material sector average of 26. It passed 6 out of 7 valuation due diligence checks.

Algoma Steel Group's stock has gained 6.45% in the past year. It has underperformed other stocks in the basic material sector by -17 percentage points.

Are basic material stocks a good buy now?

53.59% of basic material stocks rated by analysts are a buy right now. On average, analysts expect basic material stocks to rise by 12.1% 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 26.61x.
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