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 Technicals

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
VGZ	VISTA GOLD CORP	$0.54	673,806	77.17%	0.50	0.52	0.52	0.45	0.43	55.35	42.77	24.75	53.70	27.39	-0.01	-0.01	-0.00	0.68
SKE	SKEENA RESOURCES LTD	$4.95	126,212	-60.15%	4.87	4.77	4.60	4.44	4.43	55.23	71.20	67.10	54.38	49.00	0.10	0.09	0.01	0.89
CRML	CRITICAL METALS CORP	$8.39	19,401	-16.46%	9.53	9.56	10.43	10.75	10.81	42.46	21.03	33.09	23.29	35.98	-0.48	-0.35	-0.13	0.12
NGVT	INGEVITY CORP	$54.48	134,344	6.64%	53.29	49.77	47.73	46.29	46.18	69.62	81.57	81.53	79.21	81.29	2.16	1.70	0.46	1.24
RETO	RETO ECO-SOLUTIONS INC	$1.36	91,003	1,712.09%	1.31	1.16	1.44	2.61	7.78	52.14	68.20	77.04	84.84	89.56	-0.03	-0.10	0.07	0.18
CRH	CRH PUBLIC LTD CO	$83.77	4,820,336	75.00%	80.04	79.12	82.29	77.04	67.53	60.49	71.00	73.53	80.03	79.41	-0.08	-0.66	0.57	1.12
SBSW	SIBANYE STILLWATER LTD	$5.04	5,834,666	-30.93%	4.81	4.95	4.81	4.81	5.28	53.56	61.03	47.93	76.52	61.50	-0.01	-0.01	-0.00	1.22
SA	SEABRIDGE GOLD INC	$15.25	434,669	-14.53%	15.19	15.20	14.60	12.88	12.15	52.67	47.72	45.47	34.49	33.28	0.13	0.21	-0.08	0.72
FEAM	5E ADVANCED MATERIALS INC	$1.43	116,061	16.57%	1.32	1.25	1.31	1.34	1.90	60.49	91.89	88.60	90.08	88.68	0.04	0.00	0.04	1.28
SLSR	SOLARIS RESOURCES INC	$3.78	20,638	123.74%	3.84	N/A	N/A	N/A	N/A	56.80	N/A	N/A	N/A	N/A	N/A	N/A	N/A	2.83
TMC	TMC THE METALS CO INC	$1.46	1,276,049	-12.47%	1.52	1.58	1.60	1.44	1.27	42.24	14.29	17.71	22.46	25.54	-0.04	-0.02	-0.02	1.00
NB	NIOCORP DEVELOPMENTS LTD	$2.36	66,113	-40.64%	2.37	2.43	2.59	2.77	3.30	45.46	73.07	79.04	83.52	91.20	-0.05	-0.07	0.02	-3.32
AIRJ	MONTANA TECHNOLOGIES CORP	$12.94	36,285	-17.21%	11.81	11.19	11.93	11.36	10.99	61.47	80.27	81.66	100.00	97.30	0.33	0.06	0.27	-0.06

Basic Material Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Agricultural Inputs	18	-1.37%	+2.22%	-1.74%	-23.26%	38.09x	1.43x	+7.23%	+2.79%	+4.91%	+24.21%	Buy
Aluminum	4	+0.56%	+1.94%	+4.74%	+43.83%	1.93x	2.06x	+3.15%	-0.03%	+3.37%	-12.18%	Buy
Building Materials	15	+0.34%	+2.97%	+3.67%	+59.47%	28.56x	3.14x	+14.03%	+6.93%	+11.20%	+6.32%	Buy
Building Products & Equipment	33	-0.18%	+2.36%	+3.62%	+61.19%	29.77x	5.42x	-2.46%	+10.12%	+18.11%	+3.82%	Buy
Chemicals	16	-0.91%	+2.06%	-1.27%	+20.63%	26.38x	2.02x	+6.41%	+2.34%	+4.54%	+13.56%	Buy
Coking Coal	6	-2.82%	-8.86%	-5.60%	+52.60%	8.28x	1.93x	+24.74%	+17.07%	+22.78%	+23.85%	Strong Buy
Copper	7	+1.12%	+4.01%	+3.39%	+45.35%	41.11x	6.18x	+19.73%	+8.34%	+18.01%	-10.75%	Buy
Gold	45	+0.29%	+4.66%	+4.08%	-8.98%	8.42x	1.83x	-0.70%	-0.36%	+2.49%	+12.99%	Buy
Lumber & Wood Production	6	-0.88%	-1.08%	-4.61%	+26.59%	-8.99x	1.72x	+12.51%	+8.44%	+12.47%	+14.11%	Buy
Other Industrial Metals & Mining	40	+0.04%	+2.77%	-3.80%	-25.13%	19.67x	2.19x	+11.16%	+7.11%	+14.21%	+54.14%	Buy
Other Precious Metals & Mining	17	-1.31%	+3.32%	+1.10%	+2.90%	62.73x	1.70x	-5.40%	+0.02%	+2.02%	+47.82%	Buy
Paper & Paper Products	6	-2.61%	+0.52%	+9.41%	+40.38%	7.96x	1.56x	+18.43%	+5.83%	+11.43%	-13.09%	Hold
Silver	3	-2.52%	+5.83%	-1.21%	+3.69%	-11.55x	1.71x	+2.42%	+2.64%	+3.24%	+31.47%	Strong Buy
Specialty Chemicals	58	+0.02%	+3.04%	+0.88%	+15.21%	33.16x	3.40x	+18.81%	+6.12%	+11.49%	+12.13%	Buy
Steel	23	+0.18%	+0.53%	-8.31%	+22.90%	12.08x	0.96x	+13.64%	+8.47%	+13.76%	+14.89%	Buy
Thermal Coal	6	-0.92%	+0.20%	+3.28%	+29.99%	5.13x	1.24x	+28.59%	+16.65%	+22.33%	+15.32%	Strong Buy
Uranium	10	-2.23%	+0.41%	+1.03%	+60.89%	3.10x	4.57x	+65.39%	+3.10%	+5.38%	+36.69%	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 104.4% over the past year, overperforming other basic material stocks by 80 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 -11.14% over the past year, underperforming other basic material stocks by -36 percentage points.

Vale Sa has an average 1 year price target of $17.00, an upside of 36.66% from Vale Sa's current stock price of $12.44.

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 41.41% over the past year, overperforming other basic material stocks by 17 percentage points.

Ufp Industries has an average 1 year price target of $120.00, an upside of 1.63% from Ufp Industries's current stock price of $118.08.

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 134 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 2.66%.

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

2. Futurefuel (NYSE:FF)

Futurefuel (NYSE:FF) has an annual dividend yield of 49.82%, which is 47 percentage points higher than the basic material sector average of 2.66%. 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 322.4% indicates that its high dividend yield might not be sustainable for the long-term.

3. Alliance Resource Partners (NASDAQ:ARLP)

Alliance Resource Partners (NASDAQ:ARLP) has an annual dividend yield of 12.58%, which is 10 percentage points higher than the basic material sector average of 2.66%. 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.

Why are basic material stocks down?

Basic material stocks were down -0.21% in the last day, and up 2.04% over the last week. American Vanguard was the among the top losers in the basic materials sector, dropping -27.69% yesterday.

American Vanguard shares are trading lower after the company reported worse-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. Methanex (NASDAQ:MEOH)

Methanex (NASDAQ:MEOH) is the most undervalued basic material stock based on WallStreetZen's Valuation Score. Methanex 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.

Methanex's stock has gained 17.18% in the past year. It has underperformed other stocks in the basic material sector by -8 percentage points.

2. Ramaco Resources (NASDAQ:METC)

Ramaco Resources (NASDAQ:METC) is the second most undervalued basic material stock based on WallStreetZen's Valuation Score. Ramaco Resources 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.

Ramaco Resources's stock has gained 28.6% in the past year. It has overperformed other stocks in the basic material sector by 4 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 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 7.62% 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?

52.13% of basic material stocks rated by analysts are a buy right now. On average, analysts expect basic material stocks to rise by 11.37% 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 25.95x.

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.