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

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

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
CRH	CRH PUBLIC LTD CO	Ireland	$56.25B	686,677,448	61.00%	0.00%
SBSW	SIBANYE STILLWATER LTD	South Africa	$4.03B	2,830,370,251	3.48%	0.00%
FEAM	5E ADVANCED MATERIALS INC	United States	$94.93M	63,285,836	12.40%	24.87%	Net Selling	Net Selling
SLSR	SOLARIS RESOURCES INC	Canada (Federal Level)	$598.74M	150,815,361	0.00%	0.00%
ELBM	ELECTRA BATTERY MATERIALS CORP	Canada	$26.64M	55,851,327	5.93%	0.00%
TMC	TMC THE METALS CO INC	United States	$442.30M	320,510,004	4.57%	41.54%	Net Buying	Net Selling
CTGO	CONTANGO ORE INC	United States	$205.44M	9,631,684	18.05%	81.95%	Net Selling	Net Selling
AIRJ	MONTANA TECHNOLOGIES CORP	United States	$236.50M	17,795,678	0.19%	99.81%	Net Buying	Net Buying
NB	NIOCORP DEVELOPMENTS LTD	United States	$80.99M	36,483,550	5.99%	9.90%	Net Buying
HGAS	GLOBAL GAS CORP	United States	$11.46M	8,128,256	10.63%	58.15%
LAC	LITHIUM AMERICAS CORP	Canada	$724.81M	162,151,000	20.57%	0.00%

Basic Material Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Agricultural Inputs	16	+0.12%	+1.02%	+6.39%	-8.42%	37.34x	1.42x	+7.23%	+2.81%	+4.90%	+12.98%	Buy
Aluminum	4	+2.22%	+4.37%	+10.38%	+47.24%	1.02x	2.21x	+2.48%	-0.21%	+3.09%	-15.86%	Buy
Building Materials	15	-0.40%	-2.72%	+3.80%	+51.89%	27.80x	3.05x	+13.98%	+6.90%	+11.27%	+10.63%	Buy
Building Products & Equipment	31	+0.42%	-0.38%	+6.92%	+61.47%	29.88x	5.45x	-1.78%	+10.09%	+18.04%	+5.52%	Buy
Chemicals	17	+0.92%	+1.31%	+4.47%	+22.77%	27.81x	2.04x	+6.11%	+2.29%	+4.52%	+13.04%	Buy
Coking Coal	6	+0.04%	+0.23%	-10.40%	+67.61%	8.36x	1.94x	+24.68%	+17.04%	+22.74%	+23.26%	Strong Buy
Copper	7	+4.10%	+6.02%	+12.08%	+56.46%	43.38x	6.52x	+19.79%	+8.38%	+18.06%	-15.25%	Buy
Gold	44	+3.05%	+4.19%	+8.83%	+0.56%	8.81x	1.89x	-0.75%	-0.38%	+2.43%	+8.58%	Buy
Lumber & Wood Production	6	-0.27%	-0.74%	-2.72%	+25.16%	-11.16x	1.72x	+12.25%	+8.30%	+12.25%	+14.98%	Buy
Other Industrial Metals & Mining	40	+2.64%	+5.33%	+5.67%	-20.40%	21.80x	2.34x	+10.45%	+7.02%	+13.96%	+46.55%	Buy
Other Precious Metals & Mining	18	+5.26%	+6.91%	+13.47%	+15.00%	53.94x	1.89x	-10.47%	-0.14%	+0.93%	+41.88%	Strong Buy
Paper & Paper Products	6	-0.09%	+6.72%	+21.09%	+50.35%	8.33x	1.60x	+18.55%	+5.86%	+11.50%	-12.85%	Hold
Silver	3	+6.00%	+10.09%	+14.97%	+19.41%	-13.80x	1.87x	+3.05%	+3.24%	+3.85%	+19.41%	Strong Buy
Specialty Chemicals	59	+0.44%	+0.44%	+4.33%	+15.84%	33.15x	3.40x	+18.59%	+6.08%	+11.42%	+11.35%	Buy
Steel	24	-0.69%	+0.72%	-4.39%	+22.70%	12.09x	0.97x	+13.39%	+8.33%	+13.56%	+14.68%	Buy
Thermal Coal	6	+1.24%	+2.25%	+4.44%	+41.04%	5.28x	1.27x	+28.66%	+16.67%	+22.38%	+10.75%	Strong Buy
Uranium	9	+6.45%	+5.50%	+11.40%	+72.15%	4.49x	4.77x	+65.86%	+3.16%	+5.43%	+29.42%	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 34 points higher than the basic material sector average of 29. It passed 23 out of 38 due diligence checks and has strong fundamentals. Oil Dri Of America has seen its stock return 97.82% over the past year, overperforming other basic material stocks by 71 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 31 points higher than the basic material sector average of 29. It passed 22 out of 38 due diligence checks and has strong fundamentals. Vale Sa has seen its stock lose -8.26% over the past year, underperforming other basic material stocks by -35 percentage points.

Vale Sa has an average 1 year price target of $17.00, an upside of 30.87% from Vale Sa's current stock price of $12.99.

Vale Sa stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Vale Sa, 57.14% have issued a Strong Buy rating, 14.29% have issued a Buy, 28.57% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Ufp Industries (NASDAQ:UFPI)

Ufp Industries (NASDAQ:UFPI) is the third best basic material stock with a Zen Score of 59, which is 30 points higher than the basic material sector average of 29. It passed 22 out of 38 due diligence checks and has strong fundamentals. Ufp Industries has seen its stock return 42.97% over the past year, overperforming other basic material stocks by 16 percentage points.

Ufp Industries has an average 1 year price target of $120.00, an upside of 0.07% from Ufp Industries's current stock price of $119.92.

Ufp Industries stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Ufp Industries, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% 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 133 basic material stocks that have issued dividends in the past year, the 3 basic material stocks with the highest dividend yields are:

1. Consol Energy (NYSE:CEIX)

Consol Energy (NYSE:CEIX) has an annual dividend yield of N/A, which is N/A percentage points lower than the basic material sector average of 2.24%.

Consol Energy's dividend payout ratio of 6.7% indicates that its dividend yield is sustainable for the long-term.

2. Alliance Resource Partners (NASDAQ:ARLP)

Alliance Resource Partners (NASDAQ:ARLP) has an annual dividend yield of 12.27%, which is 10 percentage points higher than the basic material sector average of 2.24%. Alliance Resource Partners's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Alliance Resource Partners's dividend has shown consistent growth over the last 10 years.

Alliance Resource Partners's dividend payout ratio of 61.3% indicates that its high dividend yield is sustainable for the long-term.

3. Vale Sa (NYSE:VALE)

Vale Sa (NYSE:VALE) has an annual dividend yield of 10.98%, which is 9 percentage points higher than the basic material sector average of 2.24%. Vale Sa's dividend payout is not stable, having dropped more than 10% eight times in the last 10 years. Vale Sa's dividend has shown consistent growth over the last 10 years.

Vale Sa's dividend payout ratio of 78% indicates that its high dividend yield is sustainable for the long-term.

Why are basic material stocks up?

Basic material stocks were up 0.59% in the last day, and up 0.54% over the last week. New Gold was the among the top gainers in the basic materials sector, gaining 12.23% yesterday.

Shares of precious metals stocks are trading higher amid strength in gold and silver.

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. Algoma Steel Group (NASDAQ:ASTL)

Algoma Steel Group (NASDAQ:ASTL) is the most undervalued basic material stock based on WallStreetZen's Valuation Score. Algoma Steel Group has a valuation score of 86, which is 62 points higher than the basic material sector average of 24. It passed 6 out of 7 valuation due diligence checks.

Algoma Steel Group's stock has gained 8.31% in the past year. It has underperformed other stocks in the basic material sector by -19 percentage points.

2. Core Molding Technologies (NYSEMKT:CMT)

Core Molding Technologies (NYSEMKT:CMT) is the second most undervalued basic material stock based on WallStreetZen's Valuation Score. Core Molding Technologies has a valuation score of 71, which is 47 points higher than the basic material sector average of 24. It passed 5 out of 7 valuation due diligence checks.

Core Molding Technologies's stock has dropped -2.43% in the past year. It has underperformed other stocks in the basic material sector by -30 percentage points.

3. Alliance Resource Partners (NASDAQ:ARLP)

Alliance Resource Partners (NASDAQ:ARLP) is the third most undervalued basic material stock based on WallStreetZen's Valuation Score. Alliance Resource Partners has a valuation score of 71, which is 47 points higher than the basic material sector average of 24. It passed 5 out of 7 valuation due diligence checks.

Alliance Resource Partners's stock has gained 22.69% in the past year. It has underperformed other stocks in the basic material sector by -4 percentage points.

Are basic material stocks a good buy now?

47.39% of basic material stocks rated by analysts are a buy right now. On average, analysts expect basic material stocks to rise by 11% 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 26.28x.

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.