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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
Valuation Score
Graham Fair Value
Graham Fair Value %
P/E
Forward P/E
P/S
P/B
PEG
Free Cash Flow
Free Cash Flow Yield
Book Value
BVPS
EV
EV/EBITDA
SQM
CHEMICAL & MINING CO OF CHILE INC
$48.49$120.32-59.70%3.55x4.94x1.29x2.83x0.38x$4.77B34.42%$4.90B17.14$14.17B2.55
ALB
ALBEMARLE CORP
$128.80$240.28-46.40%9.60x6.16x1.57x1.61x0.27x-$823.96M-5.45%$9.41B80.23$18.40B7.22
ODC
OIL-DRI CORP OF AMERICA
$75.03$96.05-21.88%11.51xN/A1.20x2.79x0.44x$26.25M5.10%$196.04M28.58$564.69M8.15
UUUU
ENERGY FUELS INC
$6.04$114.98-94.75%9.59xN/A26.03x2.63x0.02x-$3.24M-0.33%$375.25M2.29$914.26M8.89
METC
RAMACO RESOURCES INC
$16.55$26.55-37.66%9.35x4.85x1.27x2.38x0.34x$78.13M8.89%$369.61M6.96$941.25M5.61
RIO
RIO TINTO LTD
$63.46$94.80-33.06%10.23x8.61x1.91x1.89x0.37x$8.08B7.83%$54.59B33.55$108.72B5.38
ARLP
ALLIANCE RESOURCE PARTNERS LP
$20.19$41.02-50.78%4.20xN/A1.00x1.41x0.48x$416.33M16.22%$1.83B14.42$2.88B3.05
VALE
VALE SA
$12.17$27.93-56.43%3.00x4.24x1.33x1.62x0.75x$13.32B22.89%$35.87B7.51$70.65B3.08
STLD
STEEL DYNAMICS INC
$146.99N/AN/A9.99x16.50x1.30x2.62xN/A$1.86B7.61%$8.87B53.24$24.92B6.70
EMN
EASTMAN CHEMICAL CO
$99.58$101.00-1.41%13.21x8.91x1.27x2.14x0.58x$541.00M4.63%$5.46B46.51$15.98B8.89
SILV
SILVERCREST METALS INC
$6.58$60.01-89.04%8.33xN/A3.94x2.40x0.04x$107.00M11.08%$402.33M2.74$881.16M5.98
HDSN
HUDSON TECHNOLOGIES INC
$11.14$13.55-17.78%9.69xN/A1.75x2.22x0.54x$54.97M10.87%$228.77M5.04$499.34M5.95
GGB
GERDAU SA
$4.39$18.05-75.68%3.65xN/A0.46x0.82x0.13x$2.19B29.79%$8.92B5.33$9.51B2.43
DNN
DENISON MINES CORP
$1.95$3.09-36.79%24.07xN/A975.00x3.65x0.26x-$25.02M-1.54%$475.40M0.56$1.63B22.37
SID
NATIONAL STEEL CO
$3.14$15.07-79.17%13.36x2.91x0.47x1.06x0.08x-$262.94M-6.31%$3.91B2.95$9.97B5.05
GFI
GOLD FIELDS LTD
$15.61$22.66-31.10%19.51x9.82x3.25x3.31x0.30x$1.38B9.91%$4.21B4.72$14.62B11.93
WDFC
WD 40 CO
$249.71$65.38281.93%48.96x36.72x6.13x15.68x2.34x$109.28M3.23%$215.93M15.92$3.45B33.00
CBT
CABOT CORP
$91.85N/AN/A11.87x12.77x1.29x3.83xN/A$385.00M7.58%$1.33B24.03$6.16B9.23
UFPI
UFP INDUSTRIES INC
$121.79$108.2312.53%14.83x11.64x1.04x2.50x0.67x$782.80M10.43%$3.00B48.68$6.77B8.29
WLKP
WESTLAKE CHEMICAL PARTNERS LP
$22.23$27.20-18.26%14.44x9.88x0.66x2.80x0.42x$405.18M51.75%$279.93M7.95$1.12B5.86
APOG
APOGEE ENTERPRISES INC
$59.09N/AN/A12.36x14.45x0.92x2.86xN/A$129.61M10.05%$455.73M20.89$1.42B7.29
NEU
NEWMARKET CORP
$629.58$374.0068.34%15.57xN/A2.24x5.61x1.45x$528.53M8.75%$1.08B112.31$6.64B10.99
USLM
UNITED STATES LIME & MINERALS INC
$297.45$172.3872.55%22.71xN/A6.04x4.32x1.04x$60.30M3.55%$393.10M68.85$1.52B12.93
BCC
BOISE CASCADE CO
$151.83N/AN/A12.45x19.59x0.88x2.73xN/A$472.02M7.84%$2.20B55.38$5.58B6.93
OC
OWENS CORNING
$167.21$93.2579.32%12.60x11.95x1.56x2.82x2.87x$1.19B7.92%$5.17B57.34$16.21B7.10
NX
QUANEX BUILDING PRODUCTS CORP
$38.79$40.35-3.88%14.69xN/A1.15x2.31x0.52x$108.57M8.53%$555.03M16.91$1.35B8.84
FMC
FMC CORP
$62.70N/AN/A5.94x6.84x1.74x1.77xN/A-$514.50M-6.58%$4.41B35.36$11.55B18.51
REX
REX AMERICAN RESOURCES CORP
$43.92$25.9569.27%15.80x13.99x0.91x1.56x1.44x$37.25M4.84%$492.99M28.12$708.45M7.97
LYB
LYONDELLBASELL INDUSTRIES NV
$102.95$237.65-56.68%15.89x6.41x0.81x2.58x0.18x$3.41B10.21%$12.93B39.84$42.65B9.20
SBSW
SIBANYE STILLWATER LTD
$4.49$23.30-80.73%3.13x2.27x0.42x0.65x0.10x-$9.10M-0.29%$4.86B6.86$3.01B1.81
NTR
NUTRIEN LTD
$53.63$157.88-66.03%21.20x4.78x0.92x1.05x0.13x$2.40B9.00%$25.16B50.68$38.15B7.80
CSL
CARLISLE COMPANIES INC
$388.62$289.9834.02%25.32x16.70x4.23x6.56x0.66x$1.06B5.46%$2.83B56.69$20.27B16.10
ERO
ERO COPPER CORP
$18.93$31.96-40.76%19.12x6.81x4.17x2.42x0.25x-$297.55M-16.70%$804.25M8.55$2.28B10.37
BVN
BUENAVENTURA MINING CO INC
$16.01$48.14-66.74%6.76x19.52x4.93x1.35x0.16x-$97.19M-2.39%$3.01B11.85$4.55B6.93
ROCK
GIBRALTAR INDUSTRIES INC
$80.56$31.36156.87%22.32x16.47x1.79x2.68x2.44x$204.57M8.29%$915.00M29.88$2.39B13.32
GOLD
BARRICK GOLD CORP
$16.21$10.9248.50%22.51x12.57x2.50x1.22x0.81x$646.00M2.27%$23.34B13.30$29.04B6.68
ICL
ICL GROUP LTD
$5.36$13.35-59.85%10.72x5.41x0.93x1.22x0.18x$815.00M11.57%$5.77B4.39$9.31B5.38
LII
LENNOX INTERNATIONAL INC
$486.68$161.43201.47%29.30x28.51x3.47x60.71x2.42x$488.10M2.83%$285.30M8.04$18.79B21.46
AAON
AAON INC
$86.67$30.08188.15%39.58xN/A6.02x9.62x1.68x$54.73M0.78%$735.22M9.06$7.10B25.84
ECVT
ECOVYST INC
$11.05$15.06-26.65%18.42x10.14x1.89x1.83x0.33x$72.26M5.52%$705.46M5.96$2.10B9.92
GMS
GMS INC
$96.85$45.47113.02%13.32x13.07x0.72x2.72x6.09x$377.85M9.79%$1.42B35.60$4.99B8.43
RGLD
ROYAL GOLD INC
$119.19$22.16437.80%32.74x31.53x12.91x2.71x19.10x$415.79M5.32%$2.89B44.02$7.97B16.68
ARCH
ARCH RESOURCES INC
$162.33$139.6816.21%6.38x5.64x0.94x2.01xN/A$459.34M15.52%$1.48B81.14$2.83B3.97
MEOH
METHANEX CORP
$45.01$92.85-51.52%17.51x14.47x0.82x1.57x0.20x$211.82M6.94%$1.93B28.48$5.68B8.30
JCI
JOHNSON CONTROLS INTERNATIONAL PLC
$64.87$44.9844.23%21.06x15.82x1.65x2.65x0.81x$1.78B4.02%$16.70B24.50$53.02B17.93
OLN
OLIN CORP
$58.25$134.75-56.77%15.92x6.39x1.07x3.14x0.18x$767.10M10.46%$2.23B17.73$9.85B7.69
TGB
TASEKO MINES LTD
$2.21$3.68-39.94%10.38xN/A1.65x2.01x0.31x-$16.17M-2.53%$319.23M1.11$1.04B5.91
EXP
EAGLE MATERIALS INC
$269.13$108.11148.95%18.83x21.44x4.12x6.95x3.17x$425.12M4.58%$1.33B38.68$10.28B12.42
CMC
COMMERCIAL METALS CO
$58.28N/AN/A10.00x10.79x0.81x1.60xN/A$657.51M9.69%$4.22B36.28$7.27B6.14
MOS
MOSAIC CO
$32.01$93.83-65.89%9.09x4.79x0.77x0.84x0.15x$1.00B9.48%$12.29B37.10$13.71B5.64
RS
RELIANCE INC
$336.90N/AN/A14.71x16.51x1.33x2.51xN/A$1.21B6.18%$7.72B132.39$19.64B9.71
SUZ
SUZANO SA
$12.83$66.51-80.71%5.84xN/A2.08x1.85x0.08x$635.09M3.80%$9.05B6.94$31.93B5.27
AEM
AGNICO EAGLE MINES LTD
$57.85N/AN/A14.57x26.91x4.34x1.48xN/A$936.48M3.25%$19.42B39.06$30.43B7.65
ASH
ASHLAND INC
$97.61$60.6760.89%31.19x14.88x2.29x1.60x0.79x$321.00M6.56%$3.05B60.94$5.92B15.14
NUE
NUCOR CORP
$198.56N/AN/A11.00x18.40x1.38x2.28xN/A$4.91B10.28%$20.94B86.98$48.26B6.87
RPM
RPM INTERNATIONAL INC
$120.18$36.69227.58%29.31x25.04x2.09x6.56x2.97x$923.70M6.02%$2.36B18.48$17.76B17.72
CF
CF INDUSTRIES HOLDINGS INC
$82.61N/AN/A10.47x12.81x2.41x2.72xN/A$1.04B6.49%$5.72B29.58$16.76B5.67
FUL
FULLER H B CO
$82.58$74.5810.72%30.93x15.73x1.28x2.55x0.48x$264.29M5.89%$1.76B32.31$6.14B11.51
TGLS
TECNOGLASS INC
$52.68N/AN/A13.68x16.06x3.00x4.52xN/A$60.87M2.43%$548.02M11.54$2.52B8.62
ORGN
ORIGIN MATERIALS INC
$0.52N/AN/A3.04x-0.91x2.51x0.18xN/A-$162.54M-224.95%$422.51M3.02$9.70M0.36
ALTM
ARCADIUM LITHIUM PLC
$4.43$17.48-74.66%2.41xN/A0.90x2.67x0.21x-$29.80M-3.75%$1.78B9.93$4.83B11.54
OEC
ORION SA
$23.53$33.04-28.78%12.50x7.59x0.68x2.65x0.36x$186.13M13.41%$514.52M8.72$2.20B6.24
BIOX
BIOCERES CROP SOLUTIONS CORP
$12.65$12.372.28%35.73x13.90x1.76x2.64x0.42x$6.78M0.85%$300.54M4.78$1.01B13.43
PPG
PPG INDUSTRIES INC
$144.54$73.0897.79%26.87x18.02x1.86x4.34x1.16x$1.86B5.48%$7.83B33.29$39.36B15.66
APD
AIR PRODUCTS & CHEMICALS INC
$243.10$126.1192.77%23.11x19.29x4.35x3.63x1.24x-$2.12B-3.93%$14.87B66.85$64.82B14.52
WLK
WESTLAKE CORP
$152.35$236.15-35.49%40.84x9.04x1.55x1.91x0.25x$1.30B6.69%$10.24B80.13$21.75B11.33
MTX
MINERALS TECHNOLOGIES INC
$76.70$127.91-40.03%29.61x11.62x1.15x1.50x0.24x$140.30M5.63%$1.65B50.83$3.18B12.14
GSM
FERROGLOBE PLC
$4.94$11.14-55.67%10.74x4.57x0.56x1.06x0.20x$91.09M9.82%$874.60M4.66$1.10B4.46
LPX
LOUISIANA-PACIFIC CORP
$83.60$115.15-27.40%33.85x10.72x2.33x3.88x0.29x-$64.00M-1.06%$1.56B21.63$6.19B16.08
HWKN
HAWKINS INC
$77.05$44.7372.25%21.95xN/A1.73x4.10x1.06x$106.21M6.63%$393.75M18.95$1.74B13.01
IOSP
INNOSPEC INC
$129.55$45.00187.89%23.13xN/A1.65x2.81x3.18x$130.20M4.04%$1.15B46.16$3.06B14.49
HCC
WARRIOR MET COAL INC
$62.07N/AN/A6.74x10.26x1.92x1.73xN/A$176.32M5.47%$1.87B36.07$2.68B3.84
AWI
ARMSTRONG WORLD INDUSTRIES INC
$124.47$58.68112.11%24.89x20.44x4.30x9.21x1.39x$149.70M2.69%$591.80M13.24$6.02B14.24
TT
TRANE TECHNOLOGIES PLC
$299.71N/AN/A33.87x34.41x3.85x9.73xN/A$2.10B3.08%$7.00B30.81$71.74B23.11
TREX
TREX CO INC
$99.25$16.33507.88%52.51x47.26x9.85x15.04x5.83x$223.33M2.07%$716.67M6.59$10.80B33.10
AXTA
AXALTA COATING SYSTEMS LTD
$34.28$25.8832.44%28.33x14.53x1.46x4.37x0.62x$437.70M5.80%$1.73B7.85$10.35B12.28
FF
FUTUREFUEL CORP
$8.06N/AN/A9.48xN/A0.96x1.14xN/A$17.96M5.09%$309.88M7.08$133.29M2.78
MLM
MARTIN MARIETTA MATERIALS INC
$611.86$162.89275.63%32.41x31.07x5.59x4.71x3.61x$878.10M2.32%$8.03B129.78$41.27B19.29
BLDR
BUILDERS FIRSTSOURCE INC
$209.68$66.48215.42%17.39x17.37x1.57x5.40x258.86x$1.88B7.01%$4.73B37.04$29.22B10.68
CMT
CORE MOLDING TECHNOLOGIES INC
$18.54$80.95-77.10%7.82xN/A0.47x1.21x0.10x$25.74M15.36%$138.95M15.37$166.50M4.20
FRD
FRIEDMAN INDUSTRIES INC
$18.66$22.86-18.36%7.38xN/A0.26x1.06x0.73x$7.86M6.04%$122.74M17.59$172.21M5.65
SVM
SILVERCORP METALS INC
$3.15N/AN/A18.53xN/A2.70x1.09xN/A$29.98M5.37%$511.22M2.89$414.78M5.27
SHW
SHERWIN WILLIAMS CO
$346.89$116.76197.09%37.10x29.57x3.84x23.76x1.86x$2.63B2.97%$3.72B14.55$99.80B21.68
UAN
CVR PARTNERS LP
$76.69$294.99-74.00%4.70xN/A1.19x2.68x0.13x$219.33M27.06%$302.88M28.66$1.31B4.67
IAG
IAMGOLD CORP
$3.19$2.0456.41%319.00x39.88x1.55x0.70x0.56x-$747.90M-48.78%$2.21B4.59$2.12B6.62
LEU
CENTRUS ENERGY CORP
$41.07$318.42-87.10%7.40xN/A1.95x19.93x0.05x$7.50M1.20%$32.30M2.12$601.40M6.47
HUDI
HUADI INTERNATIONAL GROUP CO LTD
$2.72N/AN/A11.83xN/A0.46x0.52xN/A-$6.04M-15.70%$74.41M5.26$29.34M6.53
BHP
BHP GROUP LTD
$57.53$50.4014.15%19.70x10.27x2.63x3.52x0.59x$12.77B8.77%$41.39B16.34$160.12B7.76
AU
ANGLOGOLD ASHANTI (PTY) LTD
$21.99$37.07-40.68%30.97x11.70x2.05x2.25x0.23x$874.00M9.50%$4.10B9.80$10.24B21.79
SCCO
SOUTHERN COPPER CORP
$104.32$42.26146.87%33.22x25.89x8.15x10.87x1.46x$2.56B3.18%$7.42B9.60$86.53B16.79
SSD
SIMPSON MANUFACTURING CO INC
$202.91$98.29106.44%24.42xN/A3.90x5.13x1.35x$339.94M3.93%$1.68B39.43$8.72B15.52
WMS
ADVANCED DRAINAGE SYSTEMS INC
$171.44$55.20210.55%26.91x24.46x4.70x12.34x2.96x$571.19M4.28%$1.08B13.85$14.07B15.77
MAS
MASCO CORP
$77.85$47.0765.38%19.32x15.23x2.15x-135.78x1.09x$1.17B6.84%-$126.00M-0.57$19.68B13.66
HUN
HUNTSMAN CORP
$25.90$34.49-24.91%45.44x5.76x0.75x1.37x0.29x-$21.00M-0.46%$3.25B18.33$5.99B10.40
VMC
VULCAN MATERIALS CO
$272.79$93.83190.72%38.86x31.79x4.66x4.82x1.73x$758.80M2.09%$7.48B56.27$39.51B18.82
CTVA
CORTEVA INC
$57.00$36.7954.91%54.81x15.45x2.32x1.60x0.64x$1.17B2.94%$25.04B35.68$39.85B17.09
JBI
JANUS INTERNATIONAL GROUP INC
$15.29N/AN/A16.62x17.57x2.10x4.32xN/A$196.10M8.74%$519.60M3.54$2.69B9.33
SXT
SENSIENT TECHNOLOGIES CORP
$68.91N/AN/A31.04xN/A1.99x2.77xN/A$81.99M2.83%$1.05B25.06$3.55B16.67
MAG
MAG SILVER CORP
$9.88$24.15-59.09%21.02xN/AN/A2.01x0.16x-$24.17M-2.39%$506.76M4.95$948.82M17.38
FSI
FLEXIBLE SOLUTIONS INTERNATIONAL INC
$1.90$3.53-46.14%6.33xN/A0.57x0.70x0.35x$6.60M27.95%$33.74M2.71$22.67M4.27

Basic Material Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
18+1.64%-0.15%+7.92%-17.23%27.45x1.43x+9.99%+3.94%+6.54%+8.35%Buy
4+4.13%+7.36%+24.48%+15.62%-2.07x1.93x-3.52%-1.65%+1.53%-13.78%Buy
15+0.32%+1.39%+9.08%+76.56%28.75x3.41x+17.16%+8.10%+13.34%-3.25%Buy
34+0.83%+1.28%+6.19%+72.01%28.01x5.53x+28.62%+10.26%+18.62%-4.50%Buy
16+2.14%+1.33%+8.01%+18.33%38.10x2.01x+8.39%+2.03%+4.30%+5.95%Buy
6+2.84%+0.55%-17.59%+70.69%7.48x2.09x+34.45%+21.88%+29.43%+16.02%Strong Buy
7+2.18%+0.54%+22.74%+29.11%33.70x5.48x+20.54%+8.77%+19.01%-3.25%Buy
45+4.07%+2.44%+16.73%-9.98%10.47x1.57x-2.04%+0.80%+3.38%+20.12%Buy
6+1.42%+1.59%+2.47%+44.59%0.67x1.92x+13.06%+8.51%+12.74%+2.45%Buy
40+2.85%+0.25%-0.78%-23.17%12.54x2.15x-5.49%+9.19%+16.96%+44.49%Buy
17+3.29%-0.30%+18.03%-1.00%15.65x1.45x-0.08%+3.43%+5.12%+30.39%Buy
6+2.21%+3.78%+7.82%+29.04%6.11x1.78x+30.20%+9.15%+16.62%-16.74%Hold
3+7.51%+2.31%+20.06%-16.99%4.12x1.34x-0.74%+0.50%+0.09%+64.94%Strong Buy
58+1.55%+1.28%+3.81%+20.55%32.23x3.56x+20.68%+7.01%+12.64%+3.80%Buy
23+1.84%+2.75%+3.60%+26.61%14.64x1.06x+14.98%+9.10%+14.84%-2.31%Buy
6+1.84%+1.00%-1.36%+26.94%4.22x1.23x+33.87%+19.25%+26.86%+25.58%Strong Buy
10+2.28%+0.53%+1.21%+54.01%-7.97x4.10x-3.98%+5.19%+7.02%+62.69%Strong Buy

Basic Material Stocks FAQ

What are the best basic material stocks to buy right now in Mar 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 67, which is 36 points higher than the basic material sector average of 31. It passed 25 out of 38 due diligence checks and has strong fundamentals. Chemical & Mining Co Of Chile has seen its stock lose -40.19% over the past year, underperforming other basic material stocks by -71 percentage points.

Chemical & Mining Co Of Chile has an average 1 year price target of $61.64, an upside of 27.13% from Chemical & Mining Co Of Chile's current stock price of $48.49.

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.

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 -41.15% over the past year, underperforming other basic material stocks by -72 percentage points.

Albemarle has an average 1 year price target of $138.56, an upside of 7.58% from Albemarle's current stock price of $128.80.

Albemarle stock has a consensus Hold recommendation according to Wall Street analysts. Of the 16 analysts covering Albemarle, 18.75% have issued a Strong Buy rating, 18.75% have issued a Buy, 50% have issued a Hold, while 0% have issued a Sell rating, and 12.5% 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 94.88% over the past year, overperforming other basic material stocks by 65 percentage points.

What are the basic material stocks with highest dividends?

Out of 139 basic material stocks that have issued dividends in the past year, the 3 basic material stocks with the highest dividend yields are:

1. 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 2.54%. 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.

2. Cvr Partners (NYSE:UAN)


Cvr Partners (NYSE:UAN) has an annual dividend yield of 23.21%, which is 21 percentage points higher than the basic material sector average of 2.54%. 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.

3. Alliance Resource Partners (NASDAQ:ARLP)


Alliance Resource Partners (NASDAQ:ARLP) has an annual dividend yield of 13.87%, which is 11 percentage points higher than the basic material sector average of 2.54%. 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 58.2% indicates that its high dividend yield is sustainable for the long-term.

Why are basic material stocks up?

Basic material stocks were up 1.54% in the last day, and up 1.41% over the last week. Royal Gold was the among the top gainers in the basic materials sector, gaining 8.3% yesterday.

Royal Gold shares are trading higher after BMO Capital upgraded the stock from Market Perform to Outperform and raised its price target from $148 to $158.

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

Methanex's stock has gained 0.56% in the past year. It has underperformed other stocks in the basic material sector by -30 percentage points.

2. Hudson Technologies (NASDAQ:HDSN)


Hudson Technologies (NASDAQ:HDSN) is the second 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 39.77% in the past year. It has overperformed other stocks in the basic material sector by 9 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 12.1% in the past year. It has underperformed other stocks in the basic material sector by -18 percentage points.

Are basic material stocks a good buy now?

47.74% of basic material stocks rated by analysts are a buy right now. On average, analysts expect basic material stocks to rise by 3.28% 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 23.99x.
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