Sectors & IndustriesBasic Materials
Best Basic Material Stocks to Buy Now (2024)
Top basic material stocks in 2024 ranked by overall Due Diligence Score. See the best basic material stocks to buy now, according to analyst forecasts for the basic materials sector.

Sector: Basic Materials

Due Diligence Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
SLSR	SOLARIS RESOURCES INC	NYSEMKT	Other Precious Metals & Mining	$506.85M	$3.12	-2.80%	N/A	N/A	9.33
NWGL	NATURE WOOD GROUP LTD	NASDAQ	Lumber & Wood Production	$22.18M	$1.34	5.51%	N/A	-1.68x	-1.93
NGVT	INGEVITY CORP	NYSE	Specialty Chemicals	$1.67B	$45.83	-2.59%	-$472.40M	-2.96x	9.31
SA	SEABRIDGE GOLD INC	NYSE	Gold	$1.21B	$13.39	-2.26%	N/A	-123.98x	0.66
ITRG	INTEGRA RESOURCES CORP	NYSEMKT	Other Precious Metals & Mining	$83.15M	$0.94	-3.79%	-$23.91M	-3.03x	1.60
FEAM	5E ADVANCED MATERIALS INC	NASDAQ	Specialty Chemicals	$29.62M	$0.43	1.90%	-$48.69M	-0.38x	39.96
ELBM	ELECTRA BATTERY MATERIALS CORP	NASDAQ	Other Industrial Metals & Mining	$24.15M	$0.42	-1.86%	-$64.63M	-0.31x	1.21
AUMN	GOLDEN MINERALS CO	NYSEMKT	Other Precious Metals & Mining	$1.82M	$0.12	-18.24%	-$8.39M	-0.23x	-4.63
CTGO	CONTANGO ORE INC	NYSEMKT	Gold	$139.77M	$11.43	-1.80%	-$65.39M	-1.46x	-16.50
SDST	STARDUST POWER INC	NASDAQ	Specialty Chemicals	$255.50M	$5.33	-2.83%	N/A	N/A	-1.40
CRML	CRITICAL METALS CORP	NASDAQ	Other Industrial Metals & Mining	$514.31M	$6.35	-8.10%	-$110.81M	-0.01x	-4.11
NB	NIOCORP DEVELOPMENTS LTD	NASDAQ	Other Industrial Metals & Mining	$62.07M	$1.46	-1.35%	-$7.90M	-5.41x	6.06

Basic Material Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Agricultural Inputs	16	-0.20%	-0.97%	+0.87%	+3.87%	31.12x	1.38x	+7.26%	+3.11%	+5.33%	+12.24%	Buy
Aluminum	4	-1.57%	-6.37%	-4.75%	+25.25%	-11.52x	1.98x	+4.41%	+1.18%	+5.62%	+25.42%	Strong Buy
Building Materials	16	-1.49%	-4.86%	-3.60%	+33.96%	26.05x	3.11x	+11.46%	+6.01%	+9.90%	+11.57%	Buy
Building Products & Equipment	31	-0.79%	-2.90%	-1.44%	+38.01%	29.22x	5.61x	-13.51%	+11.69%	+21.09%	+7.06%	Buy
Chemicals	17	-0.35%	-2.16%	-5.60%	-21.33%	14.52x	1.32x	+2.26%	+1.22%	+3.49%	+38.72%	Buy
Coking Coal	6	-1.36%	+0.17%	-5.01%	-11.54%	11.07x	1.74x	+17.04%	+11.30%	+15.18%	+36.20%	Strong Buy
Copper	7	-2.21%	-1.20%	-3.60%	+18.78%	28.03x	4.75x	+24.47%	+10.61%	+21.63%	+14.74%	Buy
Gold	45	-2.25%	+0.51%	+4.13%	+18.50%	0.40x	1.84x	+2.01%	+1.09%	+4.45%	+29.60%	Buy
Lumber & Wood Production	5	-1.28%	-2.73%	-1.50%	+2.68%	-10.01x	1.87x	+10.81%	+7.34%	+10.78%	+19.20%	Buy
Other Industrial Metals & Mining	39	-1.53%	-1.14%	-1.84%	-12.05%	14.71x	1.90x	+7.87%	+6.29%	+16.65%	+38.72%	Buy
Other Precious Metals & Mining	18	-2.25%	-0.80%	+3.49%	+13.03%	-11.31x	1.72x	-2.16%	-0.24%	+1.85%	+59.58%	Strong Buy
Paper & Paper Products	6	-1.69%	-4.02%	+4.09%	+18.67%	16.54x	1.79x	+12.62%	+3.87%	+8.49%	+12.56%	Buy
Silver	3	-2.52%	-1.31%	-3.22%	+22.61%	-0.84x	1.47x	+4.21%	+4.46%	+6.20%	+30.17%	Strong Buy
Specialty Chemicals	60	-0.48%	-1.78%	-3.25%	+2.65%	30.24x	3.35x	+21.11%	+6.77%	+12.35%	+16.60%	Buy
Steel	24	-2.96%	-6.10%	-7.77%	-14.94%	12.58x	0.78x	+9.49%	+6.16%	+9.72%	+20.14%	Buy
Thermal Coal	6	-0.34%	-0.26%	-3.60%	+21.02%	5.72x	1.40x	+22.82%	+13.54%	+17.85%	+18.85%	Strong Buy
Uranium	9	-3.06%	-9.09%	-4.80%	+21.63%	49.32x	4.66x	+8.09%	+2.53%	+5.42%	+31.86%	Strong Buy

Basic Material Stocks FAQ

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

According to Due Diligence 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 Due Diligence Score of 71, which is 40 points higher than the basic material sector average of 31. It passed 24 out of 33 due diligence checks and has strong fundamentals. Idaho Strategic Resources has seen its stock return 89.62% over the past year, overperforming other basic material stocks by 79 percentage points.

Idaho Strategic Resources has an average 1 year price target of $14.00, an upside of 17.94% from Idaho Strategic Resources's current stock price of $11.87.

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. Rpm International (NYSE:RPM)

Rpm International (NYSE:RPM) is the second best basic material stock with a Due Diligence Score of 62, which is 31 points higher than the basic material sector average of 31. It passed 23 out of 38 due diligence checks and has strong fundamentals. Rpm International has seen its stock return 20.93% over the past year, overperforming other basic material stocks by 10 percentage points.

Rpm International has an average 1 year price target of $133.44, an upside of 0.77% from Rpm International's current stock price of $132.43.

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.

3. Uranium Royalty (NASDAQ:UROY)

Uranium Royalty (NASDAQ:UROY) is the third best basic material stock with a Due Diligence Score of 60, which is 29 points higher than the basic material sector average of 31. It passed 20 out of 33 due diligence checks and has strong fundamentals. Uranium Royalty has seen its stock lose -14.71% over the past year, underperforming other basic material stocks by -25 percentage points.

Uranium Royalty has an average 1 year price target of $5.60, an upside of 141.38% from Uranium Royalty's current stock price of $2.32.

Uranium Royalty stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Uranium Royalty, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% 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 136 basic material stocks that have issued dividends in the past year, the 3 basic material stocks with the highest dividend yields are:

1. Alpha Metallurgical Resources (NYSE:AMR)

Alpha Metallurgical Resources (NYSE:AMR) has an annual dividend yield of N/A, which is N/A percentage points lower than the basic material sector average of 2.2%.

Alpha Metallurgical Resources's dividend payout ratio of 1.8% indicates that its dividend yield is sustainable for the long-term.

2. 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 2.2%.

Ssr Mining's dividend payout ratio of -2.9% indicates that its 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 13.34%, which is 11 percentage points higher than the basic material sector average of 2.2%. National Steel Co's dividend payout is not stable, having dropped more than 10% seven 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 down?

Basic material stocks were down -1.09% in the last day, and down -2.65% over the last week.

We couldn't find a catalyst for why basic material stocks are down.

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. Core Molding Technologies (NYSEMKT:CMT)

Core Molding Technologies (NYSEMKT:CMT) is the most undervalued basic material stock based on WallStreetZen's Valuation Score. Core Molding Technologies has a valuation score of 71, which is 48 points higher than the basic material sector average of 23. It passed 5 out of 7 valuation due diligence checks.

Core Molding Technologies's stock has dropped -10.97% in the past year. It has underperformed other stocks in the basic material sector by -22 percentage points.

2. Perma Pipe International Holdings (NASDAQ:PPIH)

Perma Pipe International Holdings (NASDAQ:PPIH) is the second most undervalued basic material stock based on WallStreetZen's Valuation Score. Perma Pipe International Holdings has a valuation score of 71, which is 48 points higher than the basic material sector average of 23. It passed 5 out of 7 valuation due diligence checks.

Perma Pipe International Holdings's stock has gained 102.85% in the past year. It has overperformed other stocks in the basic material sector by 92 percentage points.

3. Taseko Mines (NYSEMKT:TGB)

Taseko Mines (NYSEMKT:TGB) is the third most undervalued basic material stock based on WallStreetZen's Valuation Score. Taseko Mines has a valuation score of 71, which is 48 points higher than the basic material sector average of 23. It passed 5 out of 7 valuation due diligence checks.

Taseko Mines's stock has gained 69.11% in the past year. It has overperformed other stocks in the basic material sector by 58 percentage points.

Are basic material stocks a good buy now?

48.89% of basic material stocks rated by analysts are a buy right now. On average, analysts expect basic material stocks to rise by 16.95% 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 22.24x.

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.