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

Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	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
CTGO	CONTANGO ORE INC	$18.20	N/A	N/A	-2.63x	N/A	N/A	-12.02x	N/A	-$13.57M	-7.91%	-$14.54M	-1.54	$203.72M	-3.67
ELBM	ELECTRA BATTERY MATERIALS CORP	$0.46	N/A	N/A	-15.17x	N/A	N/A	0.19x	N/A	-$49.53M	-233.19%	$131.14M	2.81	$69.29M	N/A
CRML	CRITICAL METALS CORP	$8.89	N/A	N/A	-0.00x	N/A	N/A	22.68x	N/A	-$3.16M	-0.44%	$32.01M	0.39	$725.62M	N/A
INHD	INNO HOLDINGS INC	$0.62	N/A	N/A	N/A	N/A	N/A	2.38x	N/A	N/A	N/A	$5.36M	0.29	$6.23M	N/A
SKE	SKEENA RESOURCES LTD	$4.76	N/A	N/A	-5.02x	N/A	N/A	4.69x	N/A	-$83.60M	-20.82%	$91.57M	1.09	$385.06M	-4.91
RETO	RETO ECO-SOLUTIONS INC	$1.35	N/A	N/A	-0.01x	N/A	0.15x	-0.79x	N/A	N/A	N/A	-$1.33M	-2.44	$10.37M	N/A
SBSW	SIBANYE STILLWATER LTD	$4.66	N/A	N/A	-1.64x	2.35x	0.55x	1.27x	N/A	-$805.32M	-24.42%	$2.59B	3.66	$4.12B	-2.10
SA	SEABRIDGE GOLD INC	$14.97	N/A	N/A	-58.25x	N/A	N/A	2.40x	N/A	-$185.07M	-14.89%	$536.71M	6.47	$1.65B	-66.13
FEAM	5E ADVANCED MATERIALS INC	$1.41	N/A	N/A	-1.26x	N/A	N/A	3.50x	N/A	-$42.13M	-51.06%	$25.46M	0.44	$144.85M	-2.92
TSE	TRINSEO PLC	$3.35	N/A	N/A	-0.17x	0.66x	0.03x	-0.44x	N/A	$79.00M	66.81%	-$268.00M	-7.59	$2.23B	-9.97
NB	NIOCORP DEVELOPMENTS LTD	$2.61	N/A	N/A	-7.05x	N/A	N/A	-45.47x	N/A	-$11.45M	-12.49%	-$2.09M	-0.06	$96.92M	-10.82
AIRJ	MONTANA TECHNOLOGIES CORP	$12.15	N/A	N/A	243.00x	N/A	N/A	-14.44x	N/A	-$1.98M	-0.63%	-$14.98M	-0.58	$216.16M	72.01
TMC	TMC THE METALS CO INC	$1.46	N/A	N/A	-5.60x	-4.28x	N/A	42.41x	N/A	-$60.15M	-14.30%	$10.92M	0.04	$456.21M	-6.35

Basic Material Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Agricultural Inputs	18	-1.06%	+2.42%	-3.28%	-25.56%	34.71x	1.40x	+7.81%	+3.06%	+5.43%	+26.35%	Buy
Aluminum	4	-2.14%	+4.72%	-0.11%	+36.80%	1.81x	2.03x	+3.12%	-0.04%	+3.36%	-10.27%	Buy
Building Materials	15	-0.22%	+4.52%	-0.27%	+59.28%	33.68x	3.03x	+18.67%	+9.07%	+14.91%	+8.40%	Buy
Building Products & Equipment	33	+0.90%	+3.19%	-1.37%	+60.20%	29.55x	5.36x	-2.46%	+10.00%	+17.96%	+5.01%	Buy
Chemicals	16	-0.09%	+3.39%	-2.71%	+18.04%	20.95x	2.02x	+6.70%	+2.32%	+4.41%	+12.81%	Buy
Coking Coal	6	-0.93%	-3.73%	-0.43%	+60.84%	8.29x	1.99x	+25.33%	+17.35%	+23.32%	+20.17%	Strong Buy
Copper	7	-1.33%	+0.54%	+1.59%	+33.43%	39.48x	5.93x	+19.65%	+8.31%	+17.95%	-6.76%	Buy
Gold	45	-0.08%	+1.87%	+2.03%	-12.21%	13.61x	1.77x	-0.78%	-0.42%	+2.35%	+16.46%	Buy
Lumber & Wood Production	6	+0.26%	+2.28%	-7.27%	+27.66%	-9.65x	1.73x	+12.46%	+8.40%	+12.42%	+13.37%	Buy
Other Industrial Metals & Mining	40	-1.12%	+1.11%	-4.62%	-25.99%	19.10x	2.17x	+10.98%	+7.09%	+14.20%	+59.50%	Buy
Other Precious Metals & Mining	17	-0.52%	+2.23%	-0.56%	-6.76%	75.79x	1.64x	-5.37%	+0.18%	+2.19%	+46.27%	Buy
Paper & Paper Products	6	+1.84%	+6.36%	+10.15%	+38.88%	5.63x	1.58x	+29.36%	+8.92%	+16.39%	-19.49%	Hold
Silver	3	-1.33%	+3.50%	-3.71%	-2.41%	-11.21x	1.67x	+2.44%	+2.67%	+3.26%	+34.32%	Strong Buy
Specialty Chemicals	58	-0.02%	+3.93%	-1.90%	+13.87%	32.94x	3.43x	+18.43%	+6.12%	+11.59%	+12.67%	Buy
Steel	23	-0.70%	+0.59%	-11.02%	+20.02%	11.90x	0.95x	+13.69%	+8.48%	+13.82%	+16.67%	Buy
Thermal Coal	6	-0.23%	+3.83%	+2.20%	+32.89%	4.58x	1.24x	+31.25%	+18.19%	+24.86%	+15.83%	Strong Buy
Uranium	10	-3.82%	+2.71%	-0.89%	+65.36%	4.35x	4.56x	+63.17%	+3.32%	+5.52%	+37.52%	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 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 92.51% over the past year, overperforming other basic material stocks by 69 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 30 points higher than the basic material sector average of 30. It passed 22 out of 38 due diligence checks and has strong fundamentals. Vale Sa has seen its stock lose -9.71% over the past year, underperforming other basic material stocks by -33 percentage points.

Vale Sa has an average 1 year price target of $17.00, an upside of 35.46% from Vale Sa's current stock price of $12.55.

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 29 points higher than the basic material sector average of 30. It passed 22 out of 38 due diligence checks and has strong fundamentals. Ufp Industries has seen its stock return 43.82% over the past year, overperforming other basic material stocks by 21 percentage points.

Ufp Industries has an average 1 year price target of $120.00, an upside of 1.03% from Ufp Industries's current stock price of $118.78.

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

1. Futurefuel (NYSE:FF)

Futurefuel (NYSE:FF) has an annual dividend yield of 50.18%, which is 47 percentage points higher than the basic material sector average of 2.87%. 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.

2. Cvr Partners (NYSE:UAN)

Cvr Partners (NYSE:UAN) has an annual dividend yield of 21.77%, which is 19 percentage points higher than the basic material sector average of 2.87%. 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 226.5% indicates that its high dividend yield might not be sustainable for the long-term.

3. National Steel Co (NYSE:SID)

National Steel Co (NYSE:SID) has an annual dividend yield of 14.42%, which is 12 percentage points higher than the basic material sector average of 2.87%. National Steel Co's dividend payout is not stable, having dropped more than 10% six times in the last 10 years. National Steel Co's dividend has shown consistent growth over the last 10 years.

National Steel Co's dividend payout ratio of -860.2% indicates that its high dividend yield might not be sustainable for the long-term.

Why are basic material stocks down?

Basic material stocks were down -0.09% in the last day, and up 2.97% over the last week. Nexgen Energy was the among the top losers in the basic materials sector, dropping -12.23% yesterday.

NexGen Energy shares are trading lower after the company entered a binding term sheet with MMCap International Inc. for the purchase of 2,702,410 pounds of natural uranium concentrate for $250 million.

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 61 points higher than the basic material sector average of 25. It passed 6 out of 7 valuation due diligence checks.

Methanex's stock has gained 9.3% in the past year. It has underperformed other stocks in the basic material sector by -14 percentage points.

2. Algoma Steel Group (NASDAQ:ASTL)

Algoma Steel Group (NASDAQ:ASTL) is the second most undervalued basic material stock based on WallStreetZen's Valuation Score. Algoma Steel Group has a valuation score of 86, which is 61 points higher than the basic material sector average of 25. It passed 6 out of 7 valuation due diligence checks.

Algoma Steel Group's stock has gained 6.04% in the past year. It has underperformed other stocks in the basic material sector by -17 percentage points.

3. Arcadium Lithium (NYSE:ALTM)

Arcadium Lithium (NYSE:ALTM) is the third most undervalued basic material stock based on WallStreetZen's Valuation Score. Arcadium Lithium has a valuation score of 71, which is 46 points higher than the basic material sector average of 25. It passed 5 out of 7 valuation due diligence checks.

Are basic material stocks a good buy now?

53.59% of basic material stocks rated by analysts are a buy right now. On average, analysts expect basic material stocks to rise by 12.36% 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 26.27x.

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.