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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
ODC
OIL-DRI CORP OF AMERICA
$556.58M$76.38N/AN/AN/AN/AN/AN/AN/AN/A
VALE
VALE SA
$57.60B$12.69$17.0033.96%Strong Buy71.02%55.41%N/AN/A
HDSN
HUDSON TECHNOLOGIES INC
$428.71M$9.42$13.0038.00%Strong Buy4-10.91%N/AN/AN/A
UFPI
UFP INDUSTRIES INC
$7.20B$116.82$120.002.72%Strong Buy31.05%24.42%N/AN/A
ARLP
ALLIANCE RESOURCE PARTNERS LP
$2.88B$22.48$25.0011.21%Strong Buy10.41%N/AN/AN/A
STLD
STEEL DYNAMICS INC
$20.99B$132.71$129.25-2.61%Hold4-2.26%-27.91%N/AN/A
SILV
SILVERCREST METALS INC
$1.22B$8.33$8.25-0.96%Buy2N/AN/AN/AN/A
EMN
EASTMAN CHEMICAL CO
$11.84B$100.63$106.315.64%Buy134.71%23.00%N/AN/A
RIO
RIO TINTO LTD
$113.96B$70.04N/AN/AN/AN/A-4.68%31.09%N/AN/A
CSL
CARLISLE COMPANIES INC
$19.30B$405.55$447.5010.34%Strong Buy42.13%29.23%N/AN/A
LYB
LYONDELLBASELL INDUSTRIES NV
$33.03B$101.45$107.636.09%Buy8-6.01%98.99%N/AN/A
CBT
CABOT CORP
$5.60B$101.07$102.331.25%Buy34.38%-6.27%N/AN/A
ARCH
ARCH RESOURCES INC
$2.90B$160.12$177.0010.54%Buy4-7.37%20.42%N/AN/A
WLKP
WESTLAKE CHEMICAL PARTNERS LP
$776.78M$22.05N/AN/AN/AN/A3.36%39.33%N/AN/A
WDFC
WD 40 CO
$3.18B$234.64$313.0033.40%Strong Buy14.95%24.13%N/AN/A
USLM
UNITED STATES LIME & MINERALS INC
$2.12B$371.78N/AN/AN/AN/AN/AN/AN/AN/A
DNN
DENISON MINES CORP
$1.91B$2.14N/AN/AN/AN/AN/AN/AN/AN/A
ICL
ICL GROUP LTD
$6.44B$4.90$4.50-8.16%Strong Sell1-1.35%67.33%N/AN/A
NX
QUANEX BUILDING PRODUCTS CORP
$1.15B$34.69$38.009.54%Strong Buy1-0.63%N/AN/AN/A
FF
FUTUREFUEL CORP
$237.63M$5.43N/AN/AN/AN/AN/AN/AN/AN/A
GFI
GOLD FIELDS LTD
$14.21B$15.90$13.50-15.09%Sell219.46%73.93%N/AN/A
GGB
GERDAU SA
$7.99B$3.79$4.6322.03%Buy2-0.49%N/AN/AN/A
TGB
TASEKO MINES LTD
$735.49M$2.53$2.50-1.19%Hold1N/AN/AN/AN/A
APOG
APOGEE ENTERPRISES INC
$1.44B$64.92N/AN/AN/AN/A6.21%-10.68%N/AN/A
LII
LENNOX INTERNATIONAL INC
$16.79B$471.20$508.587.93%Buy125.72%10.49%N/AN/A
BCC
BOISE CASCADE CO
$5.16B$130.67$152.0016.32%Buy22.30%-49.90%N/AN/A
GMS
GMS INC
$3.76B$94.46$93.50-1.02%Buy66.15%3.25%21.76%9.44%
MOS
MOSAIC CO
$9.60B$29.88$36.7122.87%Buy7-4.52%115.89%N/AN/A
FMC
FMC CORP
$8.33B$66.75$65.78-1.46%Buy99.45%2.21%N/AN/A
NEU
NEWMARKET CORP
$5.40B$562.34N/AN/AN/AN/AN/AN/AN/AN/A
LPX
LOUISIANA-PACIFIC CORP
$5.27B$72.97$77.295.91%Buy74.83%130.56%N/AN/A
RPM
RPM INTERNATIONAL INC
$14.46B$112.30$125.2511.53%Buy41.65%7.50%N/AN/A
MLM
MARTIN MARIETTA MATERIALS INC
$36.91B$598.81$636.306.26%Strong Buy106.51%-17.88%N/AN/A
ERO
ERO COPPER CORP
$2.15B$20.92N/AN/AN/AN/A39.52%126.64%N/AN/A
CF
CF INDUSTRIES HOLDINGS INC
$13.71B$74.99$84.0012.01%Hold8-1.52%6.57%N/AN/A
REX
REX AMERICAN RESOURCES CORP
$1.01B$57.61$70.0021.51%Strong Buy1-3.50%-10.59%N/AN/A
OLN
OLIN CORP
$6.69B$56.00$64.4615.10%Buy118.09%131.27%N/AN/A
DOOR
MASONITE INTERNATIONAL CORP
$2.92B$132.65$115.00-13.31%Buy98.26%115.71%N/AN/A
NTR
NUTRIEN LTD
$27.33B$55.26$65.5018.53%Buy10-2.76%180.67%N/AN/A
OC
OWENS CORNING
$15.17B$175.08$172.60-1.42%Buy101.29%12.01%N/AN/A
FRD
FRIEDMAN INDUSTRIES INC
$128.85M$18.47N/AN/AN/AN/AN/AN/AN/AN/A
RS
RELIANCE INC
$16.96B$295.36$362.3322.68%Buy3-0.58%-1.32%N/AN/A
SUZ
SUZANO SA
$13.76B$10.39N/AN/AN/AN/AN/AN/AN/AN/A
MEOH
METHANEX CORP
$3.37B$49.97$54.208.47%Buy56.38%100.80%N/AN/A
CMC
COMMERCIAL METALS CO
$6.51B$56.27$62.5011.07%Buy2-2.51%-7.67%N/AN/A
APD
AIR PRODUCTS & CHEMICALS INC
$55.28B$248.65$270.008.59%Buy114.72%15.10%N/AN/A
TREX
TREX CO INC
$10.05B$92.51$102.5610.86%Buy912.94%11.11%N/AN/A
METC
RAMACO RESOURCES INC
$835.10M$15.73$21.0033.50%Buy417.50%30.19%N/AN/A
AAON
AAON INC
$6.45B$78.46N/AN/AN/AN/A3.35%N/AN/AN/A
EXP
EAGLE MATERIALS INC
$9.24B$268.33$284.866.16%Strong Buy76.40%9.83%N/AN/A
MTX
MINERALS TECHNOLOGIES INC
$2.55B$79.20$90.0013.64%Buy13.35%127.59%N/AN/A
ORGN
ORIGIN MATERIALS INC
$160.51M$1.10N/AN/AN/AN/A61.62%N/AN/AN/A
TT
TRANE TECHNOLOGIES PLC
$73.77B$325.89$313.91-3.68%Hold116.25%-8.06%N/AN/A
ALB
ALBEMARLE CORP
$15.46B$131.55$142.298.17%Buy17-1.74%124.26%N/AN/A
TILE
INTERFACE INC
$942.95M$16.19$18.0011.18%Buy21.12%50.00%N/AN/A
PPIH
PERMA-PIPE INTERNATIONAL HOLDINGS INC
$73.35M$9.15N/AN/AN/AN/AN/AN/AN/AN/A
BLDR
BUILDERS FIRSTSOURCE INC
$19.85B$162.62$205.7026.49%Buy105.23%2.29%N/AN/A
SQM
CHEMICAL & MINING CO OF CHILE INC
$13.71B$48.01$57.7220.22%Buy6-2.07%93.95%N/AN/A
ALTM
ARCADIUM LITHIUM PLC
$5.09B$4.74$7.0648.97%Hold9N/AN/AN/AN/A
ROCK
GIBRALTAR INDUSTRIES INC
$2.23B$73.12N/AN/AN/AN/A3.86%N/A17.73%12.63%
FUL
FULLER H B CO
$4.32B$79.20$97.6723.32%Strong Buy33.66%64.63%N/AN/A
IOSP
INNOSPEC INC
$3.11B$124.96N/AN/AN/AN/A4.58%N/AN/AN/A
PPG
PPG INDUSTRIES INC
$31.47B$134.21$155.8316.11%Buy122.39%19.42%N/AN/A
GSM
FERROGLOBE PLC
$1.01B$5.40N/AN/AN/AN/A-0.32%59.48%N/AN/A
AEM
AGNICO EAGLE MINES LTD
$32.82B$65.88$67.001.70%Buy21.76%93.01%N/AN/A
AWI
ARMSTRONG WORLD INDUSTRIES INC
$5.09B$116.28$126.008.36%Buy45.52%13.18%N/AN/A
ASH
ASHLAND INC
$4.91B$98.02$107.8610.04%Buy74.00%29.94%N/AN/A
WMS
ADVANCED DRAINAGE SYSTEMS INC
$13.05B$168.13$175.754.53%Strong Buy46.65%19.33%N/AN/A
FSI
FLEXIBLE SOLUTIONS INTERNATIONAL INC
$25.15M$2.02N/AN/AN/AN/AN/AN/AN/AN/A
MAS
MASCO CORP
$15.57B$70.68$75.226.43%Buy92.39%18.78%N/AN/A
BHP
BHP GROUP LTD
$145.57B$57.47N/AN/AN/AN/A-0.92%37.37%N/AN/A
JHX
JAMES HARDIE INDUSTRIES PLC
$16.09B$36.93N/AN/AN/AN/A11.09%24.14%N/AN/A
TGLS
TECNOGLASS INC
$2.43B$51.67$56.008.38%Strong Buy45.18%-0.79%N/AN/A
CMT
CORE MOLDING TECHNOLOGIES INC
$165.34M$18.08$25.5041.04%Strong Buy2N/AN/AN/AN/A
SSD
SIMPSON MANUFACTURING CO INC
$7.59B$180.05$208.0015.52%Buy1N/AN/AN/AN/A
BIOX
BIOCERES CROP SOLUTIONS CORP
$804.20M$12.80$21.0064.06%Strong Buy119.57%84.13%N/AN/A
NUE
NUCOR CORP
$41.36B$171.79$210.0022.24%Buy4-3.17%-22.60%N/AN/A
CLW
CLEARWATER PAPER CORP
$792.73M$47.53$42.00-11.63%Hold1N/AN/AN/AN/A
AU
ANGLOGOLD ASHANTI (PTY) LTD
$9.87B$23.57$31.0031.52%Strong Buy114.89%107.26%N/AN/A
GOLD
BARRICK GOLD CORP
$29.39B$16.74$22.3333.41%Buy37.35%22.47%N/AN/A
AGI
ALAMOS GOLD INC
$6.07B$15.30$18.8122.96%Strong Buy49.18%5.61%N/AN/A
IAG
IAMGOLD CORP
$1.82B$3.79$4.005.54%Buy227.95%700.00%N/AN/A
KWR
QUAKER CHEMICAL CORP
$3.37B$187.18$223.0019.14%Buy14.20%7.12%N/AN/A
SVM
SILVERCORP METALS INC
$607.23M$3.43$6.0074.93%Strong Buy1N/AN/AN/AN/A
HCC
WARRIOR MET COAL INC
$3.46B$66.08$76.0015.01%Buy41.62%-7.22%N/AN/A
HUDI
HUADI INTERNATIONAL GROUP CO LTD
$37.79M$2.65N/AN/AN/AN/AN/AN/AN/AN/A
SCCO
SOUTHERN COPPER CORP
$89.89B$115.07$91.68-20.32%Sell56.78%25.50%N/AN/A
MAG
MAG SILVER CORP
$1.31B$12.71$16.5029.82%Strong Buy3N/AN/AN/AN/A
VMC
VULCAN MATERIALS CO
$35.49B$268.35$283.205.53%Strong Buy104.48%26.09%N/AN/A
JCI
JOHNSON CONTROLS INTERNATIONAL PLC
$43.43B$64.46$62.30-3.35%Hold103.83%51.87%N/AN/A
HWKN
HAWKINS INC
$1.64B$78.46N/AN/AN/AN/A6.51%N/AN/AN/A
JBI
JANUS INTERNATIONAL GROUP INC
$1.97B$13.40$20.5052.99%Strong Buy24.12%-5.43%N/AN/A
LAAC
LITHIUM AMERICAS (ARGENTINA) CORP
$866.06M$5.39$7.1732.97%Hold3N/A104.45%N/AN/A
MSB
MESABI TRUST
$220.94M$16.84N/AN/AN/AN/AN/AN/AN/AN/A
KOP
KOPPERS HOLDINGS INC
$941.29M$44.40$64.0044.14%Buy15.26%28.07%24.94%6.84%
ZEUS
OLYMPIC STEEL INC
$591.47M$53.13N/AN/AN/AN/A1.83%N/AN/AN/A
MT
ARCELORMITTAL
$21.02B$25.66$31.0020.81%Hold1-3.06%204.55%N/AN/A
AVNT
AVIENT CORP
$4.23B$46.32$49.506.87%Strong Buy24.56%85.33%N/AN/A
BTU
PEABODY ENERGY CORP
$2.82B$21.93$27.6726.16%Strong Buy3-5.79%-6.56%N/AN/A
CE
CELANESE CORP
$17.72B$162.73$168.463.52%Buy113.70%-1.31%N/AN/A

Basic Material Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
18+1.68%+2.49%-2.05%-24.74%35.05x1.42x+7.86%+3.05%+5.35%+24.14%Buy
4+0.13%+6.47%+2.07%+39.79%1.78x2.08x+3.18%-0.03%+3.37%-12.19%Buy
15-0.08%+5.62%-0.06%+59.42%33.83x3.05x+18.63%+9.05%+14.88%+8.06%Buy
33-1.53%+1.54%-2.24%+58.80%29.36x5.33x-2.94%+9.95%+17.88%+6.16%Buy
16+1.37%+3.52%-2.62%+18.14%20.75x2.02x+6.64%+2.32%+4.40%+12.73%Buy
6+1.66%-4.07%+0.51%+62.35%8.34x2.01x+25.41%+17.40%+23.37%+19.05%Strong Buy
7-0.43%+1.09%+2.95%+35.22%38.45x6.11x+20.20%+8.47%+18.33%-8.32%Buy
45-0.09%+2.97%+2.08%-12.17%17.99x1.76x-0.80%-0.44%+2.31%+16.38%Buy
6-1.35%+2.71%-7.51%+27.33%-8.32x1.73x+12.88%+8.62%+12.93%+13.66%Buy
40+1.01%+1.51%-3.54%-25.18%19.64x2.20x+10.71%+7.06%+14.11%+58.51%Buy
17+1.01%+2.64%-0.04%-6.27%75.12x1.65x-5.51%+0.02%+1.99%+46.99%Buy
6-0.62%+4.53%+8.16%+36.37%5.60x1.58x+29.45%+8.95%+16.42%-17.87%Hold
3+1.12%+5.84%-2.42%-1.10%4.05x1.68x-0.98%+0.35%-0.16%+32.54%Strong Buy
58+1.23%+4.62%-1.88%+13.89%33.28x3.44x+18.44%+6.12%+11.59%+12.39%Buy
23+0.21%+1.87%-10.40%+20.87%11.89x0.96x+14.18%+8.74%+14.13%+15.77%Buy
6+0.71%+3.39%+2.44%+33.20%4.60x1.24x+31.31%+18.22%+24.90%+15.07%Strong Buy
10-0.11%+8.91%+3.05%+72.18%0.86x4.78x-4.57%+3.93%+5.84%+32.88%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 82.68% over the past year, overperforming other basic material stocks by 59 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 -8.71% over the past year, underperforming other basic material stocks by -32 percentage points.

Vale Sa has an average 1 year price target of $17.00, an upside of 33.96% from Vale Sa's current stock price of $12.69.

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. Hudson Technologies (NASDAQ:HDSN)


Hudson Technologies (NASDAQ:HDSN) 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 18 out of 33 due diligence checks and has strong fundamentals. Hudson Technologies has seen its stock return 21.24% over the past year, underperforming other basic material stocks by -2 percentage points.

Hudson Technologies has an average 1 year price target of $13.00, an upside of 38% from Hudson Technologies's current stock price of $9.42.

Hudson Technologies stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Hudson Technologies, 50% have issued a Strong Buy rating, 25% have issued a Buy, 25% 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 50.46%, which is 48 percentage points higher than the basic material sector average of 2.86%. 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 21.87%, which is 19 percentage points higher than the basic material sector average of 2.86%. 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 14.32%, which is 11 percentage points higher than the basic material sector average of 2.86%. 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 up?

Basic material stocks were up 0.24% in the last day, and up 3.21% over the last week. Mingteng International was the among the top gainers in the basic materials sector, gaining 20.15% yesterday.

Shares of US-listed Chinese stocks are trading lower following recent Golden Week strength. China stocks may be under pressure amid China tightening hedge fund rules as well as reports of softer consumer confidence.

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

Hudson Technologies's stock has gained 21.24% in the past year. It has underperformed other stocks in the basic material sector by -2 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 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 12.85% in the past year. It has underperformed other stocks in the basic material sector by -10 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 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 7.54% in the past year. It has underperformed other stocks in the basic material sector by -16 percentage points.

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 12.23% 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 26.78x.
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.