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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
Price
Volume
Vol 1d %
SMA 10
SMA 20
SMA 50
SMA 100
SMA 200
RSI
Stochastic %K
Stochastic %D
StochRSI %K
StochRSI %D
MACD
MACD Signal
MACD Histogram
Beta
MUX
MCEWEN MINING INC
$11.61343,194-44.49%11.5211.409.578.257.7960.0850.3661.456.1219.320.560.64-0.090.83
WFG
WEST FRASER TIMBER CO LTD
$78.36107,491-34.61%77.9378.9981.1181.2177.8444.6628.0121.2844.3522.73-1.26-1.19-0.070.98
ASM
AVINO SILVER & GOLD MINES LTD
$0.70878,86889.70%0.730.750.640.560.5648.4719.7432.774.8022.810.020.03-0.010.92
CMP
COMPASS MINERALS INTERNATIONAL INC
$12.71984,06283.52%12.9013.4616.8119.9424.3536.7719.9726.2249.3556.65-1.11-1.240.131.18
CNEY
CN ENERGY GROUP INC
$0.7815,39633.41%0.770.881.091.432.7037.3718.6416.4262.5750.99-0.10-0.110.010.76
FNV
FRANCO NEVADA CORP
$120.91779,09027.33%120.90120.49116.17112.54122.9953.7168.5576.7845.9461.011.341.49-0.140.35
BTG
B2GOLD CORP
$2.528,443,2461.19%2.562.682.612.772.9641.718.6513.9918.1324.02-0.03-0.02-0.020.52
SLVM
SYLVAMO CORP
$65.17280,85928.35%62.1960.4260.3954.6749.4968.8188.6886.1091.9989.331.150.690.460.87
DNMR
DANIMER SCIENTIFIC INC
$0.77510,104-65.53%0.800.841.111.001.4238.3919.4921.5842.7154.74-0.08-0.090.011.92
IPI
INTREPID POTASH INC
$20.5168,419-38.85%19.8920.0820.2220.4721.9055.8867.9956.7685.3674.26-0.03-0.090.061.43
NITO
N2OFF INC
$1.18674,344126.82%1.141.191.321.582.5547.0440.5232.5169.0352.32-0.05-0.060.010.47
VHI
VALHI INC
$14.716,352246.72%14.8815.2015.1414.7013.9243.5943.5448.5353.5963.52-0.22-0.14-0.070.94
SSRM
SSR MINING INC
$5.401,906,673-27.41%5.425.274.707.1310.3557.3357.6268.5022.3147.240.150.130.020.52
PAAS
PAN AMERICAN SILVER CORP
$18.384,570,3535.21%18.7218.7915.9015.2015.2256.7120.8027.832.1012.100.740.97-0.220.71
HBM
HUDBAY MINERALS INC
$8.321,949,112-43.03%8.167.927.076.235.5164.1168.9079.4616.8544.550.390.380.011.49
XPL
SOLITARIO RESOURCES CORP
$0.76111,548-35.97%0.700.690.610.580.5766.2489.1069.4691.7769.070.030.030.000.66
TMQ
TRILOGY METALS INC
$0.4175,738154.02%0.410.450.460.460.4742.4549.6149.8039.4837.30-0.02-0.02-0.000.91
SLSR
SOLARIS RESOURCES INC
$3.8412,444-55.58%3.61N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A2.95
ITP
IT TECH PACKAGING INC
$0.2354,601100.95%0.230.240.270.270.3343.0130.7925.0976.3362.76-0.01-0.010.000.42
ARLO
ARLO TECHNOLOGIES INC
$12.87836,130-32.52%11.5511.3611.4310.3010.0468.7590.4192.0994.8096.530.210.030.191.51
NAK
NORTHERN DYNASTY MINERALS LTD
$0.30448,202-38.56%0.300.310.300.290.3047.2122.6322.0827.9827.32-0.000.00-0.000.77
URG
UR-ENERGY INC
$1.792,202,325-51.20%1.691.701.631.651.5359.0863.1757.7873.6463.570.020.020.011.25
THM
INTERNATIONAL TOWER HILL MINES LTD
$0.6867,00370.29%0.650.680.640.610.5053.9023.2016.4935.9214.33-0.000.00-0.000.50
WWR
WESTWATER RESOURCES INC
$0.4486,19047.11%0.440.450.480.520.6042.1052.1850.8290.3288.07-0.01-0.010.001.02
NC
NACCO INDUSTRIES INC
$31.6947,956392.97%28.5328.6029.7432.8633.5866.9336.7127.4151.2547.56-0.25-0.540.290.95
GATO
GATOS SILVER INC
$9.77238,547-28.16%9.879.718.397.336.1957.8632.4240.709.1721.720.400.49-0.091.44
GROY
GOLD ROYALTY CORP
$1.98544,8054.72%2.032.001.931.681.5749.9042.8658.3326.6752.430.040.04-0.000.98
ZKIN
ZK INTERNATIONAL GROUP CO LTD
$0.681,835-86.26%0.640.640.640.750.6955.4189.6076.0490.3675.000.00-0.000.010.74
SMG
SCOTTS MIRACLE-GRO CO
$68.67858,910-50.76%68.1069.6468.5064.0658.9648.7341.6535.1779.3059.96-0.33-0.11-0.231.18
MTAL
METALS ACQUISITION LTD
$13.01181,246-63.17%18.6318.6318.9618.6117.7551.4877.6470.0983.2381.34-0.08-0.120.05-0.01
FSM
FORTUNA SILVER MINES INC
$4.686,318,826-4.84%4.664.653.863.633.3861.1455.6855.7819.6615.700.210.26-0.050.78
CGA
CHINA GREEN AGRICULTURE INC
$2.656,69140.21%2.922.902.892.672.4640.089.3934.470.2923.43-0.020.01-0.030.32
CGAU
CENTERRA GOLD INC
$6.04259,754-22.24%6.206.135.805.665.6149.9040.9453.724.7924.040.100.13-0.030.82
SWIM
LATHAM GROUP INC
$2.60723,856-36.47%2.943.183.252.922.9632.196.944.338.753.94-0.18-0.10-0.081.96
RDUS
RADIUS RECYCLING
$17.55218,789-28.22%17.8418.2719.4123.2525.8040.4924.9527.0447.0253.15-0.63-0.640.021.29
IONR
IONEER LTD
$5.335,860-52.97%5.115.214.604.064.9056.1644.7932.0838.0123.790.160.19-0.030.88
EMX
EMX ROYALTY CORP
$1.82396,8352.57%1.891.921.781.671.7245.5611.5715.503.456.380.010.04-0.020.61
UROY
URANIUM ROYALTY CORP
$2.461,445,351-39.96%2.342.392.472.722.6752.7042.0138.7365.9765.60-0.04-0.060.011.61
PLG
PLATINUM GROUP METALS LTD
$1.35222,87370.57%1.341.351.221.141.1653.6354.9654.9934.8536.530.030.04-0.011.06
AVD
AMERICAN VANGUARD CORP
$11.77185,63646.64%11.4011.6611.6611.1611.7352.0556.1845.9186.3878.38-0.09-0.110.021.03
USGO
US GOLDMINING INC
$6.091,195171.59%5.956.465.966.267.3348.7030.8332.3020.1021.23-0.060.03-0.090.72
WRN
WESTERN COPPER & GOLD CORP
$1.4787,6591.27%1.481.491.441.321.3449.9941.4349.7241.0357.960.010.01-0.001.04
NGD
NEW GOLD INC
$1.828,797,664-49.45%1.781.781.621.481.3056.3854.3553.1247.0052.910.050.05-0.000.69
LWLG
LIGHTWAVE LOGIC INC
$3.96336,324-14.70%3.833.994.144.414.9047.4546.3741.7080.6178.70-0.12-0.120.001.25
GLDG
GOLDMINING INC
$0.83147,634-49.20%0.830.860.850.870.8545.6613.3315.4323.8922.13-0.01-0.01-0.000.84
SGML
SIGMA LITHIUM CORP
$15.36883,15923.35%14.3014.4213.8818.8825.0359.5174.0466.6381.8576.330.170.020.151.24
OR
OSISKO GOLD ROYALTIES LTD
$15.60380,407-33.06%15.7615.9815.7315.0114.0545.4815.5324.7516.9727.92-0.060.02-0.080.44
EU
ENCORE ENERGY CORP
$4.921,202,511-38.41%4.464.384.244.253.6366.9578.2778.9984.4584.450.100.040.061.41
ACNT
ASCENT INDUSTRIES CO
$10.254,52139.84%10.2210.3110.409.969.2948.6662.2960.5175.5179.00-0.05-0.060.010.82
CSTE
CAESARSTONE LTD
$6.3967,02557.25%6.245.804.814.414.4163.6472.8366.7431.4521.700.480.480.010.77
HYMC
HYCROFT MINING HOLDING CORP
$3.25202,731-15.64%3.563.592.832.502.8048.297.4217.270.782.020.150.26-0.110.35
AREC
AMERICAN RESOURCES CORP
$1.52113,455-64.10%1.431.401.461.461.5057.1666.6766.3468.4769.190.01-0.010.021.16
TFPM
TRIPLE FLAG PRECIOUS METALS CORP
$16.39134,009-55.60%16.0115.8614.4513.6613.4264.1081.0184.4545.2545.730.510.53-0.020.43
MATV
MATIV HOLDINGS INC
$18.35295,4401.51%18.1217.9717.8515.5715.1756.1870.8172.9564.5469.500.190.19-0.011.01
HLP
HONGLI GROUP INC
$1.7789,260-28.42%1.571.331.381.712.1369.7284.4585.3392.7397.580.130.050.080.53
SMID
SMITH MIDLAND CORP
$37.0113,253-40.20%36.6438.8740.0740.0431.1142.2529.1324.3343.9629.60-1.44-1.23-0.210.41
LXU
LSB INDUSTRIES INC
$8.52380,142-48.49%8.328.297.998.218.9954.9347.8051.5255.3664.770.120.080.041.17
AG
FIRST MAJESTIC SILVER CORP
$6.725,474,684-23.29%6.787.156.105.685.6550.6226.0726.926.529.460.130.24-0.110.77
HL
HECLA MINING CO
$4.7710,128,834-9.67%5.035.224.614.424.4443.326.155.922.631.920.030.14-0.111.12
NMG
NOUVEAU MONDE GRAPHITE INC
$2.0424,93517.56%2.022.092.252.332.4842.9037.2638.4065.6268.99-0.06-0.070.011.10
AA
ALCOA CORP
$35.945,540,364-30.27%35.9836.0432.6031.0529.7454.5329.1344.8612.6831.310.741.07-0.321.55
ILAG
INTELLIGENT LIVING APPLICATION GROUP INC
$0.5848,520-43.51%0.570.520.520.580.7554.6948.7763.5242.4362.600.030.020.02-0.03
ATLX
ATLAS LITHIUM CORP
$14.7050,41385.80%14.3415.0515.2920.1222.6647.3158.1649.9791.2690.88-0.40-0.480.081.35
EVA
ENVIVA INC
$0.52363,750-24.20%0.470.440.460.593.6857.5759.8360.1183.5385.340.020.000.020.91
AUMN
GOLDEN MINERALS CO
$0.49166,757-54.63%0.540.610.480.480.6743.1313.109.042.781.080.000.03-0.030.63
NEWP
NEW PACIFIC METALS CORP
$1.9995,399-50.24%1.981.921.451.501.7662.6260.4770.3322.2039.060.160.17-0.020.68
ABAT
AMERICAN BATTERY TECHNOLOGY CO
$1.36315,02713.44%1.331.501.812.673.3437.2519.8817.9250.5935.77-0.15-0.160.01-7.62
IAUX
I-80 GOLD CORP
$1.242,731,060-4.53%1.241.231.331.441.5747.2831.0040.5748.2655.33-0.03-0.030.011.07
VZLA
VIZSLA SILVER CORP
$1.341,029,12027.48%1.361.401.301.301.1847.7222.5824.458.7715.840.000.02-0.011.06
NFGC
NEW FOUND GOLD CORP
$3.53183,790-21.01%3.663.733.563.453.8043.534.8313.330.0012.55-0.000.03-0.030.73
SLI
STANDARD LITHIUM LTD
$1.33900,135-26.05%1.091.171.351.120.9544.9251.3751.0573.4275.69-0.07-0.070.012.00
AMLI
AMERICAN LITHIUM CORP
$0.67471,61784.69%0.570.610.680.851.1157.5871.7258.42100.0095.25-0.03-0.040.011.63
NWGL
NATURE WOOD GROUP LTD
$3.05202,31511.41%9.6312.2613.6511.34N/A19.710.581.280.000.00-2.55-1.10-1.44-1.14
LITM
SNOW LAKE RESOURCES LTD
$0.9319,95290.44%0.910.940.960.951.1749.6041.4436.2249.3139.43-0.01-0.010.001.60
LAC
LITHIUM AMERICAS CORP
$4.494,102,437-26.66%4.555.615.745.54N/A34.283.623.628.297.40-0.51-0.36-0.152.28
CRKN
CROWN ELECTROKINETICS CORP
$0.0518,875,17384.47%0.050.050.060.100.6636.3726.9832.0852.8263.76-0.00-0.010.001.06
MTA
METALLA ROYALTY & STREAMING LTD
$2.85586,497-43.01%3.033.142.982.973.2237.848.3718.910.0020.51-0.030.01-0.050.80
MERC
MERCER INTERNATIONAL INC
$10.51144,169-36.55%10.089.859.709.218.9763.7783.0980.1088.6485.040.190.130.060.90
PPTA
PERPETUA RESOURCES CORP
$5.13204,49095.48%5.775.934.643.873.6643.543.996.650.000.380.200.40-0.200.71
HGAS
GLOBAL GAS CORP
$1.1225,967-52.84%1.281.501.682.526.1333.682.263.500.003.00-0.17-0.14-0.020.06
BAK
BRASKEM SA
$8.62906,95143.96%8.669.009.118.388.4543.6720.0219.6228.4525.05-0.24-0.16-0.081.43
CDE
COEUR MINING INC
$4.797,718,60311.59%4.654.643.803.362.9559.4348.9148.7120.9530.850.240.28-0.041.27
RYAM
RAYONIER ADVANCED MATERIALS INC
$3.95407,350-32.73%4.014.254.224.203.7943.3214.0914.0325.8622.10-0.14-0.08-0.051.44
GLT
GLATFELTER CORP
$1.69374,13418.49%1.531.611.821.761.8952.5432.1517.9665.2850.36-0.08-0.090.011.29
NG
NOVAGOLD RESOURCES INC
$3.00729,267-53.75%2.953.062.823.003.5051.3441.8438.8648.0246.670.020.04-0.020.58
LZM
LIFEZONE METALS LTD
$6.7633,806-47.37%7.377.497.097.129.1841.4929.9440.3220.9836.83-0.030.09-0.12-0.12
FMST
FOREMOST LITHIUM RESOURCE & TECHNOLOGY LTD
$2.524,887-44.39%2.592.672.732.75N/A43.6949.1053.1158.7465.48-0.03-0.030.001.24
IPX
IPERIONX LTD
$14.2122,557-11.58%13.9614.3114.5712.6910.5749.1942.5634.4975.7057.23-0.12-0.120.000.95
DC
DAKOTA GOLD CORP
$2.42180,271-28.67%2.492.582.342.342.5547.3633.5039.3324.8634.420.030.06-0.020.84
YTEN
YIELD10 BIOSCIENCE INC
$0.23946,966108.32%0.240.280.280.260.4241.3712.5010.8423.1815.08-0.02-0.02-0.010.90
USAS
AMERICAS GOLD & SILVER CORP
$0.25458,647-58.29%0.260.270.240.240.2948.116.7413.890.904.200.000.01-0.000.71
GORO
GOLD RESOURCE CORP
$0.46766,25697.36%0.480.520.420.360.4047.7820.3323.063.2113.310.010.02-0.010.66
NEXA
NEXA RESOURCES SA
$7.2926,652202.90%7.337.307.186.996.3350.9567.8268.7760.8961.810.040.04-0.001.18
IVP
INSPIRE VETERINARY PARTNERS INC
$0.047,946,594-11.72%0.040.040.050.14N/A40.0341.6738.5675.6677.30-0.01-0.010.00-0.57
USAU
US GOLD CORP
$4.4177,96567.34%4.244.253.883.813.7157.7455.0245.3853.4640.020.110.11-0.001.08
VGZ
VISTA GOLD CORP
$0.49282,044215.47%0.520.540.500.450.4340.839.5421.081.3818.75-0.000.01-0.010.67
ELBM
ELECTRA BATTERY MATERIALS CORP
$0.4652,739104.95%0.420.430.480.450.5854.4258.4441.4298.5893.72-0.01-0.020.010.93
GRFX
GRAPHEX GROUP LTD
$0.24111,25554.63%0.220.240.330.560.8742.3214.5312.9092.7786.90-0.03-0.040.010.36
CTGO
CONTANGO ORE INC
$19.48145,619794.30%20.5520.4019.7918.2718.7045.0956.5370.7849.2868.870.270.31-0.040.27
CRML
CRITICAL METALS CORP
$9.2636,472112.32%10.0210.2710.9410.8510.8545.8637.4754.1642.1361.78-0.35-0.27-0.080.12

Basic Material Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
18+0.22%+0.13%-4.34%-22.10%34.76x1.37x+8.23%+3.12%+5.52%+30.44%Buy
4+2.89%+2.54%+0.78%+38.72%1.85x2.00x+3.07%-0.06%+3.36%-8.67%Buy
15+1.20%+1.38%-1.15%+61.96%33.54x2.99x+18.61%+9.04%+14.89%+8.28%Buy
33+1.48%+1.17%-1.37%+60.22%28.48x5.25x-2.56%+10.12%+18.25%+6.94%Buy
16+1.51%+1.28%-4.90%+16.45%22.53x1.97x+6.42%+2.41%+4.60%+16.19%Buy
6+0.09%-4.83%+2.84%+85.13%7.93x2.05x+28.57%+19.68%+26.43%+15.41%Strong Buy
7-1.62%+1.02%+3.60%+33.28%36.86x5.87x+20.39%+8.58%+18.48%-5.59%Buy
45-0.14%-1.75%+2.10%-11.90%18.10x1.73x-0.63%-0.38%+2.38%+18.54%Buy
6+1.50%-1.02%-9.45%+26.49%-9.34x1.73x+13.38%+8.77%+13.21%+14.34%Buy
40+0.02%-2.20%-4.68%-24.92%14.10x2.14x+10.82%+7.08%+14.15%+61.16%Buy
17-0.13%-1.82%+2.73%-17.82%74.60x1.61x-5.30%+0.07%+2.01%+51.39%Buy
6+2.52%+7.06%+3.19%+30.67%5.91x1.70x+29.80%+9.04%+16.51%-15.38%Hold
3+0.36%-4.60%+4.48%-6.94%4.70x1.59x-0.76%+0.52%+0.05%+38.52%Strong Buy
58+0.97%+1.73%-4.59%+11.29%32.52x3.34x+18.45%+6.14%+11.60%+14.46%Buy
23+1.21%-0.82%-9.95%+16.60%11.85x0.95x+14.16%+8.73%+14.12%+18.02%Buy
6+2.13%-0.36%-0.68%+25.92%4.20x1.22x+34.25%+19.53%+26.93%+20.84%Strong Buy
10+3.76%+4.52%-0.19%+75.48%-1.93x4.52x-4.18%+4.91%+6.80%+35.80%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 72.29% over the past year, overperforming other basic material stocks by 50 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 -9.08% over the past year, underperforming other basic material stocks by -32 percentage points.

Vale Sa has an average 1 year price target of $16.75, an upside of 33.79% from Vale Sa's current stock price of $12.52.

Vale Sa stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Vale Sa, 37.5% have issued a Strong Buy rating, 25% have issued a Buy, 37.5% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Hudson Technologies (NASDAQ:HDSN)


Hudson Technologies (NASDAQ:HDSN) 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 18 out of 33 due diligence checks and has strong fundamentals. Hudson Technologies has seen its stock return 18.18% over the past year, underperforming other basic material stocks by -5 percentage points.

Hudson Technologies has an average 1 year price target of $13.00, an upside of 42.86% from Hudson Technologies's current stock price of $9.10.

Hudson Technologies stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Hudson Technologies, 50% have issued a Strong Buy rating, 25% have issued a Buy, 25% 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 51.31%, which is 48 percentage points higher than the basic material sector average of 2.93%. 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 22.42%, which is 19 percentage points higher than the basic material sector average of 2.93%. 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 14.37%, which is 11 percentage points higher than the basic material sector average of 2.93%. 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 1.04% in the last day, and up 0.67% over the last week. Aspen Aerogels was the among the top gainers in the basic materials sector, gaining 56.7% yesterday.

Aspen Aerogels shares are trading higher after the company reported better-than-expected Q1 financial 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 73 points higher than the basic material sector average of 27. It passed 7 out of 7 valuation due diligence checks.

Hudson Technologies's stock has gained 18.18% in the past year. It has underperformed other stocks in the basic material sector by -5 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 59 points higher than the basic material sector average of 27. It passed 6 out of 7 valuation due diligence checks.

Methanex's stock has gained 7.92% in the past year. It has underperformed other stocks in the basic material sector by -15 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 59 points higher than the basic material sector average of 27. It passed 6 out of 7 valuation due diligence checks.

Algoma Steel Group's stock has gained 9.39% in the past year. It has underperformed other stocks in the basic material sector by -13 percentage points.

Are basic material stocks a good buy now?

52.66% of basic material stocks rated by analysts are a buy right now. On average, analysts expect basic material stocks to rise by 13.78% 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 25.47x.
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