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

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
INHD	INNO HOLDINGS INC	NASDAQ	Steel	$12.45M	$0.60	8.89%	N/A	N/A	0.85
SKE	SKEENA RESOURCES LTD	NYSE	Other Industrial Metals & Mining	$418.97M	$4.64	-2.93%	-$78.44M	-4.89x	0.57
GRFX	GRAPHEX GROUP LTD	NYSEMKT	Other Industrial Metals & Mining	$9.16M	$0.20	0.99%	N/A	N/A	1.29
CTGO	CONTANGO ORE INC	NYSEMKT	Gold	$192.63M	$20.06	-0.15%	-$55.56M	-2.90x	-5.03
CRML	CRITICAL METALS CORP	NASDAQ	Other Industrial Metals & Mining	$856.40M	$10.49	2.94%	N/A	-0.00x	0.13
RETO	RETO ECO-SOLUTIONS INC	NASDAQ	Building Materials	$730.87k	$0.95	1.72%	N/A	-0.01x	-15.95
NWGL	NATURE WOOD GROUP LTD	NASDAQ	Lumber & Wood Production	$219.40M	$15.59	5.20%	N/A	N/A	-4.18
FEAM	5E ADVANCED MATERIALS INC	NASDAQ	Specialty Chemicals	$73.41M	$1.16	-7.94%	-$32.41M	-1.27x	1.49
SA	SEABRIDGE GOLD INC	NYSE	Gold	$1.31B	$15.16	3.62%	-$24.97M	-58.99x	0.85
TSE	TRINSEO PLC	NYSE	Specialty Chemicals	$97.33M	$2.76	-4.50%	-$223.30M	-0.14x	-12.30
AIRJ	MONTANA TECHNOLOGIES CORP	NASDAQ	Building Products & Equipment	$187.74M	$10.55	0.48%	$3.00M	211.00x	-1.04
NB	NIOCORP DEVELOPMENTS LTD	NASDAQ	Other Industrial Metals & Mining	$85.89M	$2.46	-0.81%	-$35.31M	-1.95x	-3.70
TMC	TMC THE METALS CO INC	NASDAQ	Other Industrial Metals & Mining	$509.20M	$1.60	-3.61%	-$71.80M	-6.15x	5.31

Basic Material Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Agricultural Inputs	18	-0.18%	+1.38%	-3.70%	-23.48%	26.46x	1.36x	+9.98%	+3.92%	+6.60%	+16.53%	Buy
Aluminum	4	-2.30%	-1.81%	+6.41%	+31.86%	-3.91x	2.00x	-4.86%	-1.91%	+1.03%	-6.53%	Buy
Building Materials	15	-0.67%	+0.63%	-3.60%	+63.33%	26.79x	3.16x	+17.16%	+8.13%	+13.37%	+8.89%	Buy
Building Products & Equipment	33	-0.79%	+1.85%	-4.20%	+59.28%	26.91x	5.27x	-3.03%	+10.25%	+18.44%	+5.46%	Buy
Chemicals	16	-0.54%	+0.83%	-1.01%	+12.13%	41.31x	1.95x	+4.74%	+1.87%	+4.00%	+15.21%	Buy
Coking Coal	6	+1.07%	-3.85%	+2.99%	+69.75%	7.19x	2.10x	+32.05%	+21.80%	+29.30%	+13.82%	Buy
Copper	7	-0.49%	-4.00%	+5.11%	+24.64%	35.39x	5.75x	+20.52%	+8.75%	+18.99%	-10.15%	Buy
Gold	45	+0.04%	-1.19%	+9.35%	-10.27%	10.77x	1.68x	+1.47%	+0.82%	+3.45%	+16.78%	Buy
Lumber & Wood Production	6	+0.22%	-1.45%	-9.87%	+24.47%	-10.50x	1.71x	+13.11%	+8.64%	+13.01%	+16.86%	Buy
Other Industrial Metals & Mining	40	-0.13%	-1.30%	-2.41%	-26.72%	14.35x	2.17x	+10.17%	+7.01%	+14.06%	+60.77%	Buy
Other Precious Metals & Mining	17	-0.85%	+1.05%	+11.83%	-11.22%	16.05x	1.61x	+0.60%	+3.37%	+4.86%	+54.55%	Buy
Paper & Paper Products	6	+0.97%	+6.84%	+0.10%	+22.46%	5.75x	1.65x	+30.00%	+9.09%	+16.57%	-17.76%	Hold
Silver	3	-0.67%	-1.06%	+26.93%	-5.18%	4.41x	1.60x	-0.85%	+0.44%	-0.03%	+37.27%	Strong Buy
Specialty Chemicals	58	-0.24%	+0.28%	-4.47%	+9.74%	30.27x	3.36x	+20.21%	+6.94%	+12.48%	+13.76%	Buy
Steel	23	-1.08%	-3.88%	-6.98%	+14.38%	13.31x	0.94x	+14.60%	+8.93%	+14.37%	+13.46%	Hold
Thermal Coal	6	-0.43%	-1.27%	-1.95%	+24.34%	4.22x	1.23x	+34.08%	+19.39%	+26.95%	+21.81%	Strong Buy
Uranium	10	-0.91%	+0.19%	+5.41%	+67.08%	6.35x	4.44x	-3.31%	+4.91%	+6.84%	+42.41%	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 -35.73% over the past year, underperforming other basic material stocks by -57 percentage points.

Chemical & Mining Co Of Chile has an average 1 year price target of $57.72, an upside of 33.39% from Chemical & Mining Co Of Chile's current stock price of $43.27.

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 -37.34% over the past year, underperforming other basic material stocks by -58 percentage points.

Albemarle has an average 1 year price target of $141.71, an upside of 22.93% from Albemarle's current stock price of $115.27.

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 54.49% over the past year, overperforming other basic material stocks by 34 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 2.92%. 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 49.73%, which is 47 percentage points higher than the basic material sector average of 2.92%. 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 23.52%, which is 21 percentage points higher than the basic material sector average of 2.92%. 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 down?

Basic material stocks were down -0.43% in the last day, and down -0.03% over the last week. Equinox Gold was the among the top losers in the basic materials sector, dropping -8.57% yesterday.

Equinox Gold shares are trading lower after the company announced that it entered into a binding share purchase agreement with funds managed by Orion Mine Financing Management to acquire 40% interest in Greenstone Gold Mine GP.

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 86, which is 58 points higher than the basic material sector average of 28. It passed 6 out of 7 valuation due diligence checks.

Hudson Technologies's stock has gained 28.97% in the past year. It has overperformed other stocks in the basic material sector by 8 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 4.6% in the past year. It has underperformed other stocks in the basic material sector by -16 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 0.26% in the past year. It has underperformed other stocks in the basic material sector by -21 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 12.62% 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 23.31x.

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.