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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
SQM
CHEMICAL & MINING CO OF CHILE INC
$44.14852,590-28.32%44.9047.1447.0748.6254.2241.1913.4913.666.996.13-1.13-0.61-0.531.25
ALB
ALBEMARLE CORP
$116.881,673,00718.05%114.66120.85122.50125.49147.4246.0929.1525.6432.1923.93-2.69-2.10-0.581.35
ODC
OIL-DRI CORP OF AMERICA
$68.7510,172-7.43%69.2370.0970.7068.5665.1244.6123.4333.4133.3751.84-0.64-0.44-0.200.59
VALE
VALE SA
$12.2821,413,281-34.99%12.0712.1112.5613.5413.6650.7962.3262.3282.4086.83-0.09-0.150.061.06
HDSN
HUDSON TECHNOLOGIES INC
$10.43630,79096.45%10.4910.6512.0412.5512.1737.2549.1247.6972.9983.02-0.36-0.450.090.79
ARLP
ALLIANCE RESOURCE PARTNERS LP
$21.15563,30453.34%21.1420.9720.0620.3920.7559.8274.7479.6054.7668.070.310.32-0.011.09
SID
NATIONAL STEEL CO
$2.773,251,83710.22%2.772.873.133.382.9739.8026.8233.1664.7171.10-0.11-0.110.011.51
UFPI
UFP INDUSTRIES INC
$113.64214,899-48.88%112.93115.61115.60116.90109.5446.0633.4830.7945.2144.41-1.18-0.92-0.271.20
EMN
EASTMAN CHEMICAL CO
$95.561,335,954-18.12%96.4098.3793.6889.9584.9445.5815.9517.872.026.310.351.04-0.691.13
SILV
SILVERCREST METALS INC
$8.531,422,082-30.10%7.717.426.476.305.6771.8597.0792.8487.1370.850.480.390.090.85
UUUU
ENERGY FUELS INC
$5.403,124,11557.78%5.596.036.146.737.0534.8813.319.6819.5112.07-0.26-0.19-0.081.58
CSL
CARLISLE COMPANIES INC
$400.56681,93248.87%375.85382.77370.92341.40303.9266.8047.9136.5757.0739.592.522.240.280.99
RIO
RIO TINTO LTD
$68.242,972,0435.14%67.0966.1664.9467.7366.0261.6588.2085.9490.5484.670.870.650.220.92
CBT
CABOT CORP
$93.59173,434-9.09%92.6593.4389.3083.7577.0857.3436.7935.7627.2526.771.041.40-0.361.28
LYB
LYONDELLBASELL INDUSTRIES NV
$102.132,651,71454.37%100.32102.05100.7797.7396.4354.0831.8626.8036.3429.56-0.130.07-0.201.21
APOG
APOGEE ENTERPRISES INC
$62.05116,195-21.46%59.1158.7657.7355.1551.0362.0585.6078.9691.6689.050.940.510.431.41
STLD
STEEL DYNAMICS INC
$134.041,047,955-27.53%136.11141.20136.91127.44116.6540.3821.0216.6517.019.20-1.580.02-1.601.23
DNN
DENISON MINES CORP
$2.0318,140,57827.75%2.012.071.941.911.7152.2414.0510.3611.614.310.010.02-0.021.21
ARCH
ARCH RESOURCES INC
$164.42368,800-33.38%162.13159.18164.22167.14155.8154.0568.5057.1777.4164.66-0.22-1.150.930.83
WLKP
WESTLAKE CHEMICAL PARTNERS LP
$21.9213,467-37.95%21.8621.9822.2122.2722.1744.5737.3733.5288.4478.92-0.10-0.120.010.61
USLM
UNITED STATES LIME & MINERALS INC
$307.448,671-37.53%298.66298.21285.48259.79233.5764.1381.4577.2077.9772.924.394.290.100.99
NX
QUANEX BUILDING PRODUCTS CORP
$33.81164,779-18.06%34.3935.9035.5933.5530.7438.8617.4120.7012.5814.03-0.67-0.30-0.361.20
FF
FUTUREFUEL CORP
$5.56356,329-1.32%5.636.546.536.216.8032.052.853.174.013.84-0.43-0.31-0.120.94
GFI
GOLD FIELDS LTD
$17.533,259,99113.93%17.3617.2815.5314.8314.0058.9837.1628.9522.4014.570.480.62-0.130.39
BCC
BOISE CASCADE CO
$139.42217,826-22.18%138.12144.57139.65134.02118.6646.5727.1423.6632.7628.22-1.51-0.27-1.241.34
GGB
GERDAU SA
$3.616,892,642-57.86%3.623.683.623.693.9248.4316.4524.8112.7920.91-0.010.00-0.021.28
WDFC
WD 40 CO
$225.5248,739-39.60%228.86238.16249.76250.89233.4331.644.234.151.971.36-7.32-6.39-0.930.59
ECVT
ECOVYST INC
$9.91298,846-26.82%9.9410.339.949.709.8844.5526.5527.4823.4527.16-0.050.03-0.081.05
OC
OWENS CORNING
$168.50526,592-27.67%164.18166.44159.39154.09143.6558.2951.5447.9753.9547.851.161.46-0.301.28
LII
LENNOX INTERNATIONAL INC
$477.11272,012-47.22%465.30470.62471.63454.09413.6254.3246.0144.7780.4971.32-0.83-1.530.700.87
RS
RELIANCE INC
$290.62442,107-51.95%313.97324.10324.15302.50286.5118.0614.2711.830.000.04-6.27-1.73-4.540.99
ERO
ERO COPPER CORP
$20.62369,054-18.16%19.8020.2818.6316.9817.2058.5827.6217.7221.168.610.230.45-0.221.29
BIOX
BIOCERES CROP SOLUTIONS CORP
$12.0550,91232.82%12.1712.3912.7313.0312.2633.9630.9125.3632.5616.54-0.22-0.19-0.030.55
BVN
BUENAVENTURA MINING CO INC
$17.38900,779-61.75%16.0716.0216.1315.0111.6565.7369.3846.8878.4952.660.10-0.020.120.66
ICL
ICL GROUP LTD
$4.63505,312-1.89%4.664.865.054.935.2937.9612.2613.1512.3315.79-0.13-0.11-0.020.81
RPM
RPM INTERNATIONAL INC
$107.38356,365-23.83%107.55110.44113.46110.79104.3635.5317.8518.2740.3239.63-2.10-1.87-0.230.97
LPX
LOUISIANA-PACIFIC CORP
$74.57734,776-33.92%73.6876.7976.3471.9966.5043.7736.8531.1757.1047.68-1.09-0.76-0.331.49
ROCK
GIBRALTAR INDUSTRIES INC
$72.2697,909-52.52%72.0774.7076.6577.9372.7240.5216.0317.4439.4740.03-1.73-1.53-0.200.98
GOLD
BARRICK GOLD CORP
$17.0919,596,037-53.95%16.8417.2316.1016.3316.2454.1827.9522.2620.5113.570.160.27-0.110.38
NEU
NEWMARKET CORP
$529.4165,326-32.83%575.88594.49611.99588.92528.0414.815.029.345.1213.66-16.57-9.89-6.680.55
REX
REX AMERICAN RESOURCES CORP
$57.04164,09113.00%56.0457.1949.4946.7942.3661.4649.1044.6310.2010.161.892.37-0.481.19
OLN
OLIN CORP
$53.482,018,162102.70%53.4255.7155.5153.7152.1738.8814.1812.0110.059.53-0.93-0.60-0.331.32
SBSW
SIBANYE STILLWATER LTD
$4.935,226,831-21.48%5.095.164.714.805.4048.4617.5714.603.961.990.050.13-0.081.22
JCI
JOHNSON CONTROLS INTERNATIONAL PLC
$65.114,798,459-4.12%64.3764.7962.6358.9957.8558.7449.7949.7735.9738.800.510.68-0.170.95
TGB
TASEKO MINES LTD
$2.602,932,177-19.72%2.452.432.021.701.4968.2561.9042.9133.7315.080.120.15-0.021.19
GMS
GMS INC
$92.89312,9445.87%91.9194.9593.1987.1376.7047.4326.1522.3632.9526.80-0.63-0.15-0.481.48
FRD
FRIEDMAN INDUSTRIES INC
$19.4622,014100.20%19.1319.0218.4016.9615.1860.8494.7292.0183.9574.160.310.300.010.48
FMC
FMC CORP
$58.46942,104-6.80%57.4659.0059.2158.6265.7647.5733.8134.9144.4745.37-0.73-0.66-0.071.02
EXP
EAGLE MATERIALS INC
$256.70150,274-28.03%248.63255.17255.27232.54203.8053.3754.8648.4877.4565.44-1.42-1.38-0.051.34
MTX
MINERALS TECHNOLOGIES INC
$73.70175,94759.84%71.7372.6072.7370.0163.3856.4439.8837.6260.6751.02-0.24-0.240.001.23
TREX
TREX CO INC
$90.53353,869-26.98%88.9591.9593.8587.5776.5745.4231.8628.4147.9839.15-1.56-1.35-0.211.45
MOS
MOSAIC CO
$30.252,630,885-42.37%30.5331.4931.4732.6034.8239.1416.6812.9910.5912.99-0.42-0.27-0.151.19
CMC
COMMERCIAL METALS CO
$53.48530,152-29.39%54.7856.1655.3452.6651.3736.0112.9314.390.110.33-0.53-0.08-0.451.22
APD
AIR PRODUCTS & CHEMICALS INC
$236.081,247,31720.21%232.65235.31236.82247.69267.1050.5360.2753.6994.0788.04-1.33-1.720.390.92
ORGN
ORIGIN MATERIALS INC
$0.711,110,644-28.73%0.660.650.580.641.2258.1061.8860.0262.7160.630.040.030.011.20
BHP
BHP GROUP LTD
$56.434,044,8562.53%58.0658.5257.8960.5959.4741.2931.8344.3721.8035.57-0.110.07-0.181.04
PPIH
PERMA-PIPE INTERNATIONAL HOLDINGS INC
$7.9554,1001,259.98%7.267.557.777.917.8457.4247.9629.2571.8747.00-0.15-0.180.020.17
CF
CF INDUSTRIES HOLDINGS INC
$80.001,376,027-8.68%78.9280.5481.4779.4479.8547.5641.6828.5078.5051.02-0.81-0.810.000.95
AU
ANGLOGOLD ASHANTI (PTY) LTD
$23.852,448,9268.84%23.1223.2321.5219.6218.9858.9531.2619.0729.9213.860.360.54-0.180.39
NTR
NUTRIEN LTD
$52.551,118,767-24.99%52.2753.8153.1653.0856.9245.6316.1914.8318.8115.90-0.38-0.16-0.220.90
AAON
AAON INC
$91.15367,788-7.22%87.8187.9685.4078.6369.9462.7666.4855.9668.7051.511.231.120.110.90
FUL
FULLER H B CO
$74.23261,85411.54%75.5876.7878.2678.4574.6336.428.9316.6912.9025.44-1.11-0.83-0.271.13
OEC
ORION SA
$23.72155,892-46.82%23.8224.1123.3523.9422.8149.1722.4020.505.948.320.070.19-0.121.37
ALTM
ARCADIUM LITHIUM PLC
$3.887,566,0220.71%14.5012.9411.05N/AN/A56.7971.9764.5640.7532.421.101.12-0.021.78
AEM
AGNICO EAGLE MINES LTD
$65.524,978,1358.85%63.2362.3256.6453.9351.3172.1982.4777.9273.6448.112.142.130.000.38
GSM
FERROGLOBE PLC
$5.231,290,54920.71%5.085.124.865.385.2258.9936.8428.0730.3919.000.070.07-0.011.33
IOSP
INNOSPEC INC
$121.1264,800-32.29%121.43122.96124.22120.93112.2943.9820.8127.2032.1142.91-0.92-0.68-0.241.07
HWKN
HAWKINS INC
$75.7854,763-54.57%75.8176.2273.7270.0563.5851.5934.0241.9926.0433.580.540.85-0.310.91
AWI
ARMSTRONG WORLD INDUSTRIES INC
$116.98203,35512.49%115.46117.93119.74109.1292.4347.1133.3428.5263.3951.76-1.14-0.92-0.221.05
WMS
ADVANCED DRAINAGE SYSTEMS INC
$162.70313,096-0.18%159.39163.53164.41150.05134.7050.4043.3936.8056.7045.36-1.28-0.91-0.371.36
MEOH
METHANEX CORP
$48.27475,801-47.94%47.6348.1945.6045.5144.1357.4229.6826.5521.2017.350.610.78-0.171.30
CPAC
CEMENTOS PACASMAYO SAA
$5.325,334100.75%5.225.345.715.375.2743.1835.6722.46100.0082.08-0.16-0.170.010.24
TGLS
TECNOGLASS INC
$55.55174,165-36.21%56.1855.6350.2747.2242.0555.9134.5840.249.1311.011.411.96-0.541.20
ASH
ASHLAND INC
$96.06252,6764.95%95.2195.5695.2489.7886.1053.3369.7768.8260.2463.770.200.21-0.010.97
TT
TRANE TECHNOLOGIES PLC
$304.53914,137-33.98%294.71297.13291.67270.29237.8163.6568.3252.7673.3255.081.571.530.030.93
SUZ
SUZANO SA
$11.671,144,33912.80%11.6812.0511.9211.3310.8839.8321.5421.9627.3826.49-0.12-0.06-0.060.85
TILE
INTERFACE INC
$15.61414,387-6.06%15.3315.8215.5213.8711.7849.5140.5942.1958.4061.20-0.09-0.03-0.061.42
BLDR
BUILDERS FIRSTSOURCE INC
$187.66801,910-12.49%183.03190.44194.80180.79156.0046.8539.2033.7469.9857.51-3.67-3.44-0.231.58
MLM
MARTIN MARIETTA MATERIALS INC
$604.99377,964-7.10%592.30600.56591.80545.01492.1755.8648.8840.6160.2446.770.101.36-1.261.05
HUN
HUNTSMAN CORP
$23.991,039,391-38.42%23.8824.6425.1724.8625.2740.4015.5016.4635.3932.79-0.43-0.37-0.051.14
METC
RAMACO RESOURCES INC
$15.98412,912-10.49%15.7015.8817.0117.5114.1248.0651.1635.7587.4857.32-0.37-0.440.061.11
MAS
MASCO CORP
$69.851,921,758-31.29%71.6673.8975.0671.2763.8231.2118.6916.442.249.97-1.40-0.89-0.511.02
CMT
CORE MOLDING TECHNOLOGIES INC
$19.3747,92441.36%19.3318.7018.5618.1921.3354.8768.8474.1845.9755.590.230.200.030.67
AXTA
AXALTA COATING SYSTEMS LTD
$31.221,571,570-14.99%31.3432.2132.6032.7230.7238.1420.4519.4421.9420.97-0.55-0.42-0.131.14
UAN
CVR PARTNERS LP
$81.8751,507115.26%77.2478.5773.2971.1675.8765.9253.2933.4543.8124.181.131.32-0.191.07
SHW
SHERWIN WILLIAMS CO
$306.451,365,463-22.76%307.45318.44327.37315.31288.9634.7724.6820.9320.8214.96-7.56-6.08-1.470.92
PPG
PPG INDUSTRIES INC
$130.161,370,477-22.31%132.10135.92139.26141.82138.5933.1410.149.625.792.75-2.95-2.30-0.651.00
AGI
ALAMOS GOLD INC
$15.302,007,969-63.00%15.0514.9813.7313.3312.8561.2248.5743.1526.4024.220.370.43-0.060.38
KWR
QUAKER CHEMICAL CORP
$190.2333,717-4.27%189.78193.76197.91198.44183.4842.8919.1520.8635.4335.37-2.82-2.44-0.381.24
IAG
IAMGOLD CORP
$3.784,532,643-57.32%3.643.643.202.822.6161.9553.4745.1432.7125.790.140.16-0.020.54
NUE
NUCOR CORP
$175.421,252,402-22.83%185.14192.04190.40182.36171.2728.7910.878.5510.336.23-4.07-1.22-2.841.14
SVM
SILVERCORP METALS INC
$3.314,752,070346.12%3.543.623.072.792.6646.1436.8641.315.607.180.100.16-0.070.83
SSD
SIMPSON MANUFACTURING CO INC
$173.61549,581-0.31%178.39185.07195.52191.17170.6835.2826.1323.3624.6818.92-6.63-5.27-1.361.07
HCC
WARRIOR MET COAL INC
$70.13887,5156.45%66.7763.2359.8060.7953.2568.2390.8883.9374.3368.542.662.050.610.89
MAG
MAG SILVER CORP
$12.96752,698-31.95%12.2212.0810.2410.0510.4967.9775.1059.1937.1523.660.660.66-0.010.74
CTVA
CORTEVA INC
$54.922,350,15049.83%54.4055.6355.2251.4451.0648.1934.4836.0239.5541.65-0.18-0.05-0.130.91
HUDI
HUADI INTERNATIONAL GROUP CO LTD
$2.5910,950-8.61%2.562.612.682.803.2348.3936.2136.8661.2362.11-0.04-0.04-0.000.93
JBI
JANUS INTERNATIONAL GROUP INC
$14.54983,641-18.57%14.8414.6714.7814.0412.3646.2050.8865.1552.1469.980.020.03-0.000.53
SCCO
SOUTHERN COPPER CORP
$116.942,285,64654.75%113.01112.6699.3490.3983.5167.4340.9028.2523.9010.243.534.49-0.961.06
VMC
VULCAN MATERIALS CO
$261.24671,3342.35%257.44262.17264.24244.77228.9049.6238.7032.5566.3152.64-1.98-1.46-0.520.92

Basic Material Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
18+1.03%+1.39%-1.95%-18.96%26.58x1.37x+10.03%+3.94%+6.62%+16.61%Buy
4+4.96%+4.18%+12.40%+47.10%-4.12x2.06x-4.58%-1.82%+1.15%-11.96%Buy
15+1.32%+4.53%-2.50%+70.93%27.31x3.22x+17.16%+8.12%+13.36%+7.00%Buy
33+1.46%+4.80%-1.81%+68.38%28.48x5.19x-2.33%+10.12%+18.12%+4.78%Buy
16+0.97%+0.36%-0.20%+17.77%22.62x1.97x+6.39%+2.44%+4.60%+15.81%Buy
6+0.44%+3.26%+8.17%+91.37%8.17x2.20x+29.80%+20.52%+27.49%+8.18%Buy
7+4.65%+3.22%+14.20%+39.38%37.50x6.10x+20.56%+8.77%+19.03%-15.70%Buy
45+1.03%+1.89%+14.14%-6.15%18.12x1.76x+0.31%+0.06%+2.66%+12.46%Buy
6-2.05%-4.33%-11.42%+26.53%-10.18x1.71x+13.22%+8.65%+13.01%+15.57%Buy
40+1.14%+2.34%+0.91%-23.00%14.50x2.16x+9.20%+6.78%+13.63%+54.15%Buy
17+2.09%+5.25%+19.64%-4.77%17.38x1.68x+0.84%+3.60%+5.12%+46.58%Buy
6+1.26%+4.23%-1.11%+24.53%5.86x1.70x+30.08%+9.11%+16.60%-17.93%Hold
3-0.64%+2.69%+34.66%-0.64%4.71x1.66x-0.81%+0.50%+0.01%+32.99%Strong Buy
58+0.48%-1.11%-5.73%+12.17%30.42x3.35x+20.21%+6.93%+12.41%+13.85%Buy
23-0.13%-4.81%-8.15%+19.05%13.25x0.95x+14.67%+8.96%+14.41%+15.31%Hold
6+0.49%+1.48%+2.35%+29.12%4.30x1.24x+34.18%+19.42%+27.02%+19.51%Strong Buy
10+1.41%+1.67%+8.82%+71.18%3.08x4.52x-3.36%+4.89%+6.81%+39.83%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 -31.62% over the past year, underperforming other basic material stocks by -58 percentage points.

Chemical & Mining Co Of Chile has an average 1 year price target of $57.72, an upside of 30.76% from Chemical & Mining Co Of Chile's current stock price of $44.14.

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 -35.5% over the past year, underperforming other basic material stocks by -62 percentage points.

Albemarle has an average 1 year price target of $141.71, an upside of 21.24% from Albemarle's current stock price of $116.88.

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 60.18% 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. Flexible Solutions International (NYSEMKT:FSI)


Flexible Solutions International (NYSEMKT:FSI) has an annual dividend yield of N/A, which is N/A percentage points lower than the basic material sector average of 2.89%. Flexible Solutions International's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Flexible Solutions International's dividend has not shown consistent growth over the last 10 years.

Flexible Solutions International's dividend payout ratio of 22.7% indicates that its dividend yield is sustainable for the long-term.

2. 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 2.89%. 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.

3. Futurefuel (NYSE:FF)


Futurefuel (NYSE:FF) has an annual dividend yield of 49.28%, which is 46 percentage points higher than the basic material sector average of 2.89%. 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.

Why are basic material stocks up?

Basic material stocks were up 0.89% in the last day, and up 1.25% over the last week. Carlisle Companies was the among the top gainers in the basic materials sector, gaining 4.85% yesterday.

Carlisle 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 72 points higher than the basic material sector average of 28. It passed 7 out of 7 valuation due diligence checks.

Hudson Technologies's stock has gained 37.87% in the past year. It has overperformed other stocks in the basic material sector by 12 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 12.33% in the past year. It has underperformed other stocks in the basic material sector by -14 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 9.02% 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?

52.45% of basic material stocks rated by analysts are a buy right now. On average, analysts expect basic material stocks to rise by 11.38% 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 23.92x.
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