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

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)	Ex-dividend Date	Div. Payment Date
SQM	CHEMICAL & MINING CO OF CHILE INC	$12.43B	11.78%	65.40%	$0.5035	$5.12	95%	16
ALB	ALBEMARLE CORP	$13.50B	1.39%	11.90%	$0.4000	$1.60	27%	0
ODC	OIL-DRI CORP OF AMERICA	$493.33M	1.70%	17.60%	$0.2900	$1.15	34%	0	2024-05-09	2024-05-24
VALE	VALE SA	$54.74B	11.83%	78.00%	$0.5519	$1.43	95%	8
HDSN	HUDSON TECHNOLOGIES INC	$480.14M	N/A	0.00%	N/A	N/A	N/A	N/A
APOG	APOGEE ENTERPRISES INC	$1.35B	1.58%	20.10%	$0.2500	$0.97	31%	0
SID	NATIONAL STEEL CO	$3.59B	14.64%	136.50%	$0.1526	$0.40	97%	6
ARLP	ALLIANCE RESOURCE PARTNERS LP	$2.75B	13.02%	58.20%	$0.7000	$2.80	96%	3
UFPI	UFP INDUSTRIES INC	$6.94B	1.05%	10.40%	$0.3300	$1.18	19%	1
STLD	STEEL DYNAMICS INC	$21.04B	1.30%	11.50%	$0.4600	$1.74	25%	0
EMN	EASTMAN CHEMICAL CO	$11.28B	3.33%	42.20%	$0.8100	$3.20	59%	0
SILV	SILVERCREST METALS INC	$1.25B	N/A	0.00%	N/A	N/A	N/A	N/A
UUUU	ENERGY FUELS INC	$876.74M	N/A	0.00%	N/A	N/A	N/A	N/A
RIO	RIO TINTO LTD	$110.29B	6.42%	64.80%	$2.5800	$4.35	85%	10
CBT	CABOT CORP	$5.16B	1.72%	20.30%	$0.4000	$1.60	34%	0
ARCH	ARCH RESOURCES INC	$3.00B	4.88%	46.00%	$1.6500	$8.07	77%	5
DNN	DENISON MINES CORP	$1.76B	N/A	0.00%	N/A	N/A	N/A	N/A
WLKP	WESTLAKE CHEMICAL PARTNERS LP	$774.31M	8.58%	122.50%	$0.4714	$1.89	91%	0
BCC	BOISE CASCADE CO	$5.47B	6.32%	71.30%	$0.2000	$8.75	84%	9
FF	FUTUREFUEL CORP	$243.32M	49.28%	28.20%	$2.5000	$2.74	100%	1	2024-06-03	2024-06-18
GFI	GOLD FIELDS LTD	$15.55B	2.24%	49.40%	$0.2190	$0.39	44%	6
NX	QUANEX BUILDING PRODUCTS CORP	$1.11B	0.95%	12.10%	$0.0800	$0.32	17%	0
USLM	UNITED STATES LIME & MINERALS INC	$1.72B	0.28%	6.50%	$0.2500	$0.85	3%	1
GGB	GERDAU SA	$7.36B	7.29%	35.70%	$0.0169	$0.25	88%	16
LYB	LYONDELLBASELL INDUSTRIES NV	$32.35B	5.02%	76.20%	$1.2500	$5.00	78%	1
WDFC	WD 40 CO	$3.05B	1.52%	67.00%	$0.8800	$3.42	30%	0		2024-04-30
LII	LENNOX INTERNATIONAL INC	$16.94B	0.93%	25.40%	$1.1000	$4.40	16%	0
RS	RELIANCE INC	$16.78B	1.40%	17.50%	$1.1000	$4.10	27%	0
OC	OWENS CORNING	$14.30B	1.36%	17.90%	$0.6000	$2.24	26%	0
CSL	CARLISLE COMPANIES INC	$18.24B	0.86%	21.50%	$0.8500	$3.30	16%	0
ERO	ERO COPPER CORP	$1.96B	N/A	0.00%	N/A	N/A	N/A	N/A
BVN	BUENAVENTURA MINING CO INC	$4.29B	0.43%	3.10%	$0.0726	$0.07	6%	2		2024-05-10
BIOX	BIOCERES CROP SOLUTIONS CORP	$758.96M	N/A	0.00%	N/A	N/A	N/A	N/A
RPM	RPM INTERNATIONAL INC	$13.76B	1.68%	40.30%	$0.4600	$1.80	34%	0		2024-04-30
GOLD	BARRICK GOLD CORP	$29.99B	2.34%	55.60%	$0.1000	$0.40	45%	5
LPX	LOUISIANA-PACIFIC CORP	$5.41B	1.31%	38.90%	$0.2600	$0.98	25%	0
NEU	NEWMARKET CORP	$5.12B	1.73%	22.20%	$2.5000	$9.25	34%	0
ICL	ICL GROUP LTD	$5.99B	5.65%	39.00%	$0.0479	$0.26	82%	13
ROCK	GIBRALTAR INDUSTRIES INC	$2.16B	N/A	0.00%	N/A	N/A	N/A	N/A
SBSW	SIBANYE STILLWATER LTD	$3.43B	N/A	41.30%	$0.3949	N/A	N/A	4
TGB	TASEKO MINES LTD	$716.30M	N/A	0.00%	N/A	N/A	N/A	N/A
JCI	JOHNSON CONTROLS INTERNATIONAL PLC	$43.92B	2.30%	47.70%	$0.3700	$1.48	45%	1
REX	REX AMERICAN RESOURCES CORP	$984.06M	N/A	0.00%	N/A	N/A	N/A	N/A
GMS	GMS INC	$3.70B	N/A	0.00%	N/A	N/A	N/A	N/A
ECVT	ECOVYST INC	$1.16B	N/A	0.00%	N/A	N/A	N/A	N/A
OLN	OLIN CORP	$6.35B	1.51%	21.90%	$0.2000	$0.80	30%	0
EXP	EAGLE MATERIALS INC	$8.75B	0.39%	7.00%	$0.2500	$1.00	5%	0
MEOH	METHANEX CORP	$3.22B	1.55%	29.80%	$0.1850	$0.74	31%	1	2024-06-14	2024-06-28
METC	RAMACO RESOURCES INC	$844.65M	2.36%	21.20%	$0.1250	$0.38	46%	0
MOS	MOSAIC CO	$9.74B	2.68%	29.80%	$0.2100	$0.81	50%	3	2024-06-06	2024-06-20
FMC	FMC CORP	$7.21B	4.01%	22.00%	$0.5800	$2.32	68%	0
SUZ	SUZANO SA	$15.14B	2.06%	10.90%	$0.2388	$0.24	41%	1
CMC	COMMERCIAL METALS CO	$6.21B	1.23%	11.00%	$0.1800	$0.66	23%	0
FRD	FRIEDMAN INDUSTRIES INC	$135.27M	0.62%	3.20%	$0.0400	$0.12	10%	3		2024-05-24
TREX	TREX CO INC	$9.71B	N/A	0.00%	N/A	N/A	N/A	N/A
FUL	FULLER H B CO	$4.01B	1.14%	29.00%	$0.2225	$0.84	21%	0		2024-05-09
ORGN	ORIGIN MATERIALS INC	$101.12M	N/A	0.00%	N/A	N/A	N/A	N/A
CF	CF INDUSTRIES HOLDINGS INC	$15.06B	2.13%	21.50%	$0.5000	$1.70	42%	0	2024-05-14	2024-05-31
BHP	BHP GROUP LTD	$144.91B	5.31%	116.40%	$1.4400	$3.04	80%	8
AU	ANGLOGOLD ASHANTI (PTY) LTD	$9.54B	0.16%	66.30%	$0.0367	$0.04	1%	4
AAON	AAON INC	$7.33B	0.36%	14.60%	$0.0800	$0.32	5%	1
NTR	NUTRIEN LTD	$25.74B	4.09%	83.80%	$0.5400	$2.13	69%	1
OEC	ORION SA	$1.37B	0.35%	4.40%	$0.0207	$0.08	5%	3
ALTM	ARCADIUM LITHIUM PLC	$4.27B	N/A	0.00%	N/A	N/A	N/A	N/A
GSM	FERROGLOBE PLC	$975.06M	0.25%	0.00%	$0.0130	$0.01	3%	2
WMS	ADVANCED DRAINAGE SYSTEMS INC	$12.52B	0.35%	8.50%	$0.1400	$0.56	4%	1
APD	AIR PRODUCTS & CHEMICALS INC	$52.26B	2.99%	66.50%	$1.7700	$7.02	54%	0		2024-05-13
MTX	MINERALS TECHNOLOGIES INC	$2.30B	0.42%	11.60%	$0.1000	$0.30	6%	0
HWKN	HAWKINS INC	$1.57B	0.84%	17.70%	$0.1600	$0.63	15%	1
AEM	AGNICO EAGLE MINES LTD	$32.35B	2.46%	175.80%	$0.4000	$1.60	47%	0
AWI	ARMSTRONG WORLD INDUSTRIES INC	$5.07B	0.92%	20.80%	$0.2800	$1.07	16%	0	2024-05-08	2024-05-23
IOSP	INNOSPEC INC	$2.99B	1.17%	25.20%	$0.7200	$1.41	22%	0
TILE	INTERFACE INC	$891.06M	0.26%	5.20%	$0.0100	$0.04	3%	1
CPAC	CEMENTOS PACASMAYO SAA	$449.51M	10.29%	107.20%	$0.5403	$0.54	94%	2
BLDR	BUILDERS FIRSTSOURCE INC	$22.59B	N/A	0.00%	N/A	N/A	N/A	N/A
HUN	HUNTSMAN CORP	$4.08B	4.07%	166.70%	$0.2500	$0.96	69%	0
TT	TRANE TECHNOLOGIES PLC	$67.98B	1.03%	33.90%	$0.8400	$3.09	18%	0	2024-06-07	2024-06-28
TGLS	TECNOGLASS INC	$2.58B	0.69%	9.40%	$0.1100	$0.38	12%	1		2024-04-30
MAS	MASCO CORP	$15.39B	1.64%	28.00%	$0.2900	$1.15	33%	0
AXTA	AXALTA COATING SYSTEMS LTD	$6.81B	N/A	0.00%	N/A	N/A	N/A	N/A
ASH	ASHLAND INC	$4.77B	1.62%	47.60%	$0.3850	$1.54	32%	1
MLM	MARTIN MARIETTA MATERIALS INC	$36.91B	0.48%	14.80%	$0.7400	$2.88	7%	0
CMT	CORE MOLDING TECHNOLOGIES INC	$168.70M	N/A	0.00%	$0.0500	N/A	N/A	0
PPG	PPG INDUSTRIES INC	$30.30B	1.99%	43.10%	$0.6500	$2.57	40%	0	2024-05-09	2024-06-12
SHW	SHERWIN WILLIAMS CO	$77.56B	0.83%	25.90%	$0.7150	$2.53	15%	0	2024-05-16	2024-06-07
AGI	ALAMOS GOLD INC	$5.95B	0.67%	19.20%	$0.0250	$0.10	11%	2
KWR	QUAKER CHEMICAL CORP	$3.37B	0.96%	28.40%	$0.4550	$1.80	17%	0		2024-04-30
UAN	CVR PARTNERS LP	$828.77M	22.70%	163.20%	$1.6800	$17.80	99%	12
IAG	IAMGOLD CORP	$1.79B	N/A	0.00%	N/A	N/A	N/A	N/A
SSD	SIMPSON MANUFACTURING CO INC	$7.25B	0.63%	12.90%	$0.2700	$1.08	10%	0
HCC	WARRIOR MET COAL INC	$3.63B	1.14%	12.60%	$0.5000	$0.79	21%	3
SVM	SILVERCORP METALS INC	$628.48M	0.70%	14.70%	$0.0125	$0.03	12%	0
NUE	NUCOR CORP	$42.34B	1.19%	11.50%	$0.5400	$2.10	22%	0		2024-05-10
HUDI	HUADI INTERNATIONAL GROUP CO LTD	$35.51M	N/A	0.00%	N/A	N/A	N/A	N/A
KALU	KAISER ALUMINUM CORP	$1.42B	3.48%	88.50%	$0.7700	$3.08	61%	0		2024-05-15
JBI	JANUS INTERNATIONAL GROUP INC	$2.13B	N/A	0.00%	N/A	N/A	N/A	N/A
MAG	MAG SILVER CORP	$1.34B	N/A	0.00%	N/A	N/A	N/A	N/A
VMC	VULCAN MATERIALS CO	$34.19B	0.68%	24.50%	$0.4600	$1.75	11%	0
LEU	CENTRUS ENERGY CORP	$640.98M	N/A	0.00%	N/A	N/A	N/A	N/A
SCCO	SOUTHERN COPPER CORP	$86.45B	3.40%	121.00%	$0.8000	$3.80	60%	7

Basic Material Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Agricultural Inputs	18	+0.19%	+0.72%	-3.51%	-21.30%	26.45x	1.36x	+10.01%	+3.93%	+6.62%	+17.00%	Buy
Aluminum	4	+1.01%	-0.77%	+7.48%	+41.41%	-4.29x	2.01x	-4.61%	-1.83%	+1.14%	-7.59%	Buy
Building Materials	15	+0.34%	+1.99%	-3.27%	+65.66%	26.94x	3.17x	+17.14%	+8.12%	+13.35%	+8.23%	Buy
Building Products & Equipment	33	+0.81%	+2.89%	-3.43%	+63.22%	28.31x	5.12x	-2.95%	+10.04%	+18.02%	+5.51%	Buy
Chemicals	16	-0.86%	+0.26%	-1.86%	+15.87%	40.96x	1.93x	+4.75%	+1.87%	+4.00%	+16.30%	Buy
Coking Coal	6	+4.69%	+1.69%	+7.81%	+88.40%	8.16x	2.19x	+29.88%	+20.52%	+27.49%	+8.65%	Buy
Copper	7	+2.45%	-2.63%	+7.69%	+33.15%	36.25x	5.89x	+20.51%	+8.75%	+18.98%	-12.07%	Buy
Gold	45	+2.88%	+1.47%	+12.46%	-7.94%	17.57x	1.75x	+0.25%	+0.04%	+2.63%	+13.43%	Buy
Lumber & Wood Production	6	+0.47%	-1.63%	-9.45%	+22.08%	-10.85x	1.71x	+13.02%	+8.34%	+12.51%	+16.73%	Buy
Other Industrial Metals & Mining	40	+0.82%	+0.34%	-1.61%	-23.56%	14.64x	2.15x	+9.41%	+6.80%	+13.70%	+57.78%	Buy
Other Precious Metals & Mining	17	+3.38%	+2.39%	+15.60%	-6.66%	17.57x	1.65x	+0.98%	+3.64%	+5.14%	+49.49%	Buy
Paper & Paper Products	6	-1.58%	+5.10%	-1.47%	+21.90%	5.66x	1.63x	+29.98%	+9.08%	+16.56%	-16.53%	Hold
Silver	3	+5.01%	+4.27%	+33.30%	+0.30%	5.35x	1.67x	-0.66%	+0.60%	+0.16%	+32.14%	Strong Buy
Specialty Chemicals	58	-1.72%	-1.38%	-6.11%	+10.34%	30.16x	3.34x	+20.25%	+6.95%	+12.45%	+14.55%	Buy
Steel	23	-1.38%	-4.53%	-8.26%	+17.88%	13.24x	0.94x	+14.67%	+8.97%	+14.41%	+15.53%	Hold
Thermal Coal	6	+1.75%	+1.33%	-0.24%	+27.92%	4.31x	1.25x	+34.15%	+19.41%	+27.01%	+18.55%	Strong Buy
Uranium	10	+0.34%	+0.81%	+5.77%	+70.11%	6.28x	4.46x	-3.31%	+4.89%	+6.83%	+41.55%	Strong Buy

Basic Material Stocks FAQ

What are the best basic material stocks to buy right now in Apr 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 69, which is 38 points higher than the basic material sector average of 31. It passed 26 out of 38 due diligence checks and has strong fundamentals. Chemical & Mining Co Of Chile has seen its stock lose -34.43% over the past year, underperforming other basic material stocks by -58 percentage points.

Chemical & Mining Co Of Chile has an average 1 year price target of $57.72, an upside of 32.65% from Chemical & Mining Co Of Chile's current stock price of $43.51.

Chemical & Mining Co Of Chile stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Chemical & Mining Co Of Chile, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% have issued a Hold, while 0% 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 -34.91% over the past year, underperforming other basic material stocks by -59 percentage points.

Albemarle has an average 1 year price target of $141.71, an upside of 23.24% from Albemarle's current stock price of $114.98.

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.

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 58.85% over the past year, overperforming other basic material stocks by 35 percentage points.

What are the basic material stocks with highest dividends?

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:

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 2.91%. 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.

2. Futurefuel (NYSE:FF)

Futurefuel (NYSE:FF) has an annual dividend yield of 49.28%, which is 46 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.

3. Cvr Partners (NYSE:UAN)

Cvr Partners (NYSE:UAN) has an annual dividend yield of 22.7%, 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.

Why are basic material stocks up?

Basic material stocks were up 0% in the last day, and up 0.23% over the last week. Newmont was the among the top gainers in the basic materials sector, gaining 12.46% yesterday.

Newmont shares are trading higher after the company reported better-than-expected Q1 2024 adjusted EPS and sales.

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

Hudson Technologies's stock has gained 33.38% in the past year. It has overperformed other stocks in the basic material sector by 10 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 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 10.12% in the past year. It has underperformed other stocks in the basic material sector by -14 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 7.61% 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?

52.45% of basic material stocks rated by analysts are a buy right now. On average, analysts expect basic material stocks to rise by 12.35% 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 24.23x.

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.