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.

According to Zen Score, the 3 best basic material stocks to buy right now are:

Chemical & Mining Co Of Chile (NYSE:SQM) is the top basic material stock with a Zen Score of 69, which is 39 points higher than the basic material sector average of 30. It passed 26 out of 38 due diligence checks and has strong fundamentals. Chemical & Mining Co Of Chile has seen its stock lose -44.11% over the past year, underperforming other basic material stocks by -64 percentage points.

Chemical & Mining Co Of Chile has an average 1 year price target of $59.90, an upside of 30.16% from Chemical & Mining Co Of Chile's current stock price of $46.02.

Chemical & Mining Co Of Chile stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Chemical & Mining Co Of Chile, 28.57% have issued a Strong Buy rating, 28.57% have issued a Buy, 28.57% have issued a Hold, while 14.29% have issued a Sell rating, and 0% have issued a Strong Sell.

Albemarle (NYSE:ALB) is the second best basic material stock with a Zen Score of 65, which is 35 points higher than the basic material sector average of 30. It passed 24 out of 38 due diligence checks and has strong fundamentals. Albemarle has seen its stock lose -44.44% over the past year, underperforming other basic material stocks by -64 percentage points.

Albemarle has an average 1 year price target of $141.71, an upside of 23.88% from Albemarle's current stock price of $114.39.

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.

Oil Dri Of America (NYSE:ODC) is the third best basic material stock with a Zen Score of 63, which is 33 points higher than the basic material sector average of 30. It passed 23 out of 38 due diligence checks and has strong fundamentals. Oil Dri Of America has seen its stock return 72.06% over the past year, overperforming other basic material stocks by 52 percentage points.

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:

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 2.91%. 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.

Futurefuel (NYSE:FF) has an annual dividend yield of 48.32%, which is 45 percentage points higher than the basic material sector average of 2.91%. 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.

Cvr Partners (NYSE:UAN) has an annual dividend yield of 23.36%, which is 20 percentage points higher than the basic material sector average of 2.91%. 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.

Basic material stocks were down -0.51% in the last day, and down -2.65% over the last week. Trilogy Metals was the among the top losers in the basic materials sector, dropping -20.48% yesterday.

Trilogy Metals shares are trading lower after the company provided an update on the Ambler Access Project.

Based on WallStreetZen's Valuation Score, the 3 most undervalued basic material stocks right now are:

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 25.45% in the past year. It has overperformed other stocks in the basic material sector by 5 percentage points.

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 0.99% in the past year. It has underperformed other stocks in the basic material sector by -19 percentage points.

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 dropped -0.38% in the past year. It has underperformed other stocks in the basic material sector by -20 percentage points.