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 Ownership

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
INHD	INNO HOLDINGS INC	United States	$13.78M	20,751,726	0.16%	66.68%
CRML	CRITICAL METALS CORP	Australia	$813.95M	81,639,881	3.40%	26.12%
SKE	SKEENA RESOURCES LTD	Canada	$420.78M	90,296,093	30.76%	0.00%
VGZ	VISTA GOLD CORP	United States	$58.56M	121,754,045	27.24%	24.00%	Net Selling	Net Selling
CC	CHEMOURS CO	United States	$3.96B	148,895,340	75.95%	2.42%	Net Selling	Net Selling
RETO	RETO ECO-SOLUTIONS INC	China	$1.03M	772,585	3.49%	0.00%
SBSW	SIBANYE STILLWATER LTD	South Africa	$3.33B	2,830,370,251	3.50%	0.00%
FEAM	5E ADVANCED MATERIALS INC	United States	$87.97M	63,285,836	13.65%	24.87%	Net Selling	Net Selling
SA	SEABRIDGE GOLD INC	Canada	$1.28B	86,108,019	34.97%	0.00%
TSE	TRINSEO PLC	United States	$105.79M	35,263,561	7.80%	92.20%	Net Buying	Net Selling
AIRJ	MONTANA TECHNOLOGIES CORP	United States	$203.76M	17,795,678	13.66%	86.34%	Net Buying	Net Buying
TMC	TMC THE METALS CO INC	United States	$477.37M	318,249,878	4.21%	41.84%	Net Buying	Net Selling
NB	NIOCORP DEVELOPMENTS LTD	United States	$94.86M	36,483,550	4.72%	9.90%	Net Buying

Basic Material Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Agricultural Inputs	18	+1.34%	+0.48%	-4.32%	-27.02%	34.78x	1.38x	+8.26%	+3.12%	+5.51%	+27.48%	Buy
Aluminum	4	+2.02%	-0.33%	+0.48%	+43.17%	1.82x	2.04x	+3.09%	-0.05%	+3.36%	-10.48%	Buy
Building Materials	15	+1.24%	+1.30%	-1.12%	+65.10%	34.10x	3.02x	+18.61%	+9.04%	+14.89%	+7.91%	Buy
Building Products & Equipment	33	+0.75%	+0.46%	-1.68%	+60.25%	28.70x	5.32x	-2.51%	+10.07%	+18.18%	+5.95%	Buy
Chemicals	16	-0.20%	+0.11%	-6.35%	+17.36%	17.45x	1.98x	+5.99%	+2.26%	+4.39%	+17.18%	Buy
Coking Coal	6	+2.39%	-2.99%	+3.90%	+92.98%	8.12x	2.09x	+28.79%	+19.74%	+26.52%	+12.71%	Strong Buy
Copper	7	+2.30%	-1.25%	+2.81%	+37.54%	37.85x	6.02x	+20.33%	+8.54%	+18.42%	-7.21%	Buy
Gold	45	-0.02%	-2.77%	+0.33%	-12.08%	17.74x	1.73x	-0.65%	-0.40%	+2.36%	+18.50%	Buy
Lumber & Wood Production	6	+1.10%	+2.17%	-8.69%	+24.49%	-8.90x	1.75x	+13.45%	+8.81%	+13.27%	+13.13%	Buy
Other Industrial Metals & Mining	40	+0.32%	-3.00%	-5.32%	-26.14%	18.89x	2.17x	+10.51%	+7.04%	+14.08%	+61.85%	Buy
Other Precious Metals & Mining	17	-0.12%	-3.95%	-1.90%	-9.91%	75.74x	1.61x	-5.15%	+0.12%	+2.06%	+51.46%	Buy
Paper & Paper Products	6	+0.27%	+6.01%	+3.46%	+38.37%	5.95x	1.72x	+29.82%	+9.04%	+16.51%	-15.56%	Hold
Silver	3	-0.45%	-4.42%	-5.15%	-6.97%	4.65x	1.59x	-0.77%	+0.51%	+0.04%	+39.14%	Strong Buy
Specialty Chemicals	58	+0.55%	+1.80%	-4.64%	+12.50%	32.83x	3.37x	+18.51%	+6.15%	+11.63%	+14.66%	Buy
Steel	23	+0.35%	-0.34%	-10.37%	+18.26%	11.96x	0.97x	+14.19%	+8.74%	+14.15%	+16.37%	Buy
Thermal Coal	6	+1.84%	+0.98%	+1.04%	+33.24%	4.26x	1.25x	+34.20%	+19.50%	+26.90%	+16.62%	Strong Buy
Uranium	10	+0.07%	+3.14%	-4.82%	+74.63%	-5.59x	4.53x	-4.97%	+4.14%	+6.02%	+35.76%	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 78.49% over the past year, overperforming other basic material stocks by 55 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 -8.56% 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 34.81% from Vale Sa's current stock price of $12.61.

Vale Sa stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Vale Sa, 42.86% have issued a Strong Buy rating, 14.29% have issued a Buy, 42.86% 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 20.13% over the past year, underperforming other basic material stocks by -3 percentage points.

Hudson Technologies has an average 1 year price target of $13.00, an upside of 42.39% from Hudson Technologies's current stock price of $9.13.

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 50.93%, which is 48 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.

2. Cvr Partners (NYSE:UAN)

Cvr Partners (NYSE:UAN) has an annual dividend yield of 22.04%, which is 19 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 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 14.02%, which is 11 percentage points higher than the basic material sector average of 2.91%. 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 0.78% in the last day, and up 0.56% over the last week. Interface was the among the top gainers in the basic materials sector, gaining 9.65% yesterday.

Interface shares are trading higher after the company reported better-than-expected Q1 financial results, issued Q2 net sales guidance above estimates and raised FY24 net sales guidance above estimates.

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 74 points higher than the basic material sector average of 26. It passed 7 out of 7 valuation due diligence checks.

Hudson Technologies's stock has gained 20.13% in the past year. It has underperformed other stocks in the basic material sector by -3 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 60 points higher than the basic material sector average of 26. It passed 6 out of 7 valuation due diligence checks.

Algoma Steel Group's stock has gained 11.1% in the past year. It has underperformed other stocks in the basic material sector by -13 percentage points.

3. Alliance Resource Partners (NASDAQ:ARLP)

Alliance Resource Partners (NASDAQ:ARLP) is the third most undervalued basic material stock based on WallStreetZen's Valuation Score. Alliance Resource Partners has a valuation score of 71, which is 45 points higher than the basic material sector average of 26. It passed 5 out of 7 valuation due diligence checks.

Alliance Resource Partners's stock has gained 12.59% in the past year. It has underperformed other stocks in the basic material sector by -11 percentage points.

Are basic material stocks a good buy now?

53.14% of basic material stocks rated by analysts are a buy right now. On average, analysts expect basic material stocks to rise by 13.1% 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 26.17x.

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.