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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
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
ODC
OIL-DRI CORP OF AMERICA
NYSE
Specialty Chemicals
$599.36M$82.250.18%$69.33M12.62x0.51
VALE
VALE SA
NYSE
Other Industrial Metals & Mining
$56.47B$12.44-1.11%$12.49B6.80x1.35
UFPI
UFP INDUSTRIES INC
NASDAQ
Lumber & Wood Production
$7.29B$118.08-0.78%$802.20M14.47x0.31
EMN
EASTMAN CHEMICAL CO
NYSE
Specialty Chemicals
$11.89B$101.03-0.06%$1.80B12.95x1.65
STLD
STEEL DYNAMICS INC
NASDAQ
Steel
$21.24B$135.180.25%$3.64B9.21x0.66
LPX
LOUISIANA-PACIFIC CORP
NYSE
Building Products & Equipment
$6.25B$87.250.32%$517.00M23.84x0.54
SILV
SILVERCREST METALS INC
NYSEMKT
Other Precious Metals & Mining
$1.25B$8.49-1.28%$147.31M10.75x0.14
CSL
CARLISLE COMPANIES INC
NYSE
Building Products & Equipment
$19.83B$416.63-0.23%$1.35B23.90x1.32
RIO
RIO TINTO LTD
NYSE
Other Industrial Metals & Mining
$113.57B$69.80-0.29%$20.19B11.25x0.87
LYB
LYONDELLBASELL INDUSTRIES NV
NYSE
Specialty Chemicals
$33.01B$101.37-0.26%$4.57B15.64x1.82
CBT
CABOT CORP
NYSE
Specialty Chemicals
$5.63B$101.910.08%$693.00M12.85x1.53
SQM
CHEMICAL & MINING CO OF CHILE INC
NYSE
Specialty Chemicals
$13.37B$46.79-3.13%$2.94B14.48x1.42
ARLP
ALLIANCE RESOURCE PARTNERS LP
NASDAQ
Thermal Coal
$2.85B$22.26-1.66%$905.12M4.87x0.55
USLM
UNITED STATES LIME & MINERALS INC
NASDAQ
Building Materials
$2.09B$366.26-1.44%$124.43M26.12x0.12
WLKP
WESTLAKE CHEMICAL PARTNERS LP
NYSE
Chemicals
$789.11M$22.401.36%$192.36M14.64x1.61
WDFC
WD 40 CO
NASDAQ
Specialty Chemicals
$3.15B$232.09-0.51%$103.54M46.14x1.04
GFI
GOLD FIELDS LTD
NYSE
Gold
$15.14B$16.942.92%$1.23B21.44x0.81
GGB
GERDAU SA
NYSE
Steel
$7.72B$3.66-1.61%$2.73B5.15x0.52
BCC
BOISE CASCADE CO
NYSE
Building Materials
$5.28B$133.68-1.90%$817.38M10.79x0.60
NX
QUANEX BUILDING PRODUCTS CORP
NYSE
Building Products & Equipment
$1.15B$34.75-0.52%$152.92M13.16x0.47
METC
RAMACO RESOURCES INC
NASDAQ
Coking Coal
$687.51M$12.95-2.63%$141.98M10.79x0.81
ICL
ICL GROUP LTD
NYSE
Agricultural Inputs
$6.27B$4.77-0.63%$1.46B12.89x0.94
MLM
MARTIN MARIETTA MATERIALS INC
NYSE
Building Materials
$37.63B$610.431.20%$3.40B18.03x0.83
TGB
TASEKO MINES LTD
NYSEMKT
Copper
$741.30M$2.55-0.78%$206.13M10.37x2.95
ARCH
ARCH RESOURCES INC
NYSE
Coking Coal
$2.91B$160.90-0.76%$540.75M9.17x0.66
APOG
APOGEE ENTERPRISES INC
NASDAQ
Building Products & Equipment
$1.48B$66.881.55%$189.23M14.70x0.88
HDSN
HUDSON TECHNOLOGIES INC
NASDAQ
Specialty Chemicals
$414.60M$9.11-0.33%$74.07M9.02x0.23
LII
LENNOX INTERNATIONAL INC
NYSE
Building Products & Equipment
$17.62B$494.511.19%$906.20M28.52x7.10
ALB
ALBEMARLE CORP
NYSE
Specialty Chemicals
$15.23B$129.62-2.94%$1.08B46.79x0.63
GMS
GMS INC
NYSE
Building Products & Equipment
$3.76B$94.33-0.37%$592.69M12.98x1.31
OC
OWENS CORNING
NYSE
Building Products & Equipment
$15.32B$176.81-0.32%$2.16B14.16x1.15
FRD
FRIEDMAN INDUSTRIES INC
NYSEMKT
Steel
$133.18M$19.091.54%$30.49M7.55x0.87
NEU
NEWMARKET CORP
NYSE
Specialty Chemicals
$5.42B$564.66-0.11%$627.25M13.58x1.74
RPM
RPM INTERNATIONAL INC
NYSE
Specialty Chemicals
$14.53B$112.840.17%$1.04B25.82x1.72
FMC
FMC CORP
NYSE
Agricultural Inputs
$8.43B$67.530.76%$393.80M7.54x1.77
MOS
MOSAIC CO
NYSE
Agricultural Inputs
$9.46B$29.43-1.54%$1.96B12.47x0.89
OLN
OLIN CORP
NYSE
Specialty Chemicals
$6.61B$55.31-1.07%$1.14B19.27x2.49
CF
CF INDUSTRIES HOLDINGS INC
NYSE
Agricultural Inputs
$13.52B$73.95-0.46%$2.53B12.24x1.08
FF
FUTUREFUEL CORP
NYSE
Specialty Chemicals
$240.70M$5.50-1.61%$47.87M6.47x0.19
REX
REX AMERICAN RESOURCES CORP
NYSE
Chemicals
$1.04B$59.17-0.60%$106.53M16.95x0.15
DOOR
MASONITE INTERNATIONAL CORP
NYSE
Building Products & Equipment
$2.92B$132.700.03%$375.90M20.64x2.05
BHP
BHP GROUP LTD
NYSE
Other Industrial Metals & Mining
$144.86B$57.190.12%$20.62B19.59x1.31
IOSP
INNOSPEC INC
NASDAQ
Specialty Chemicals
$3.27B$131.223.90%$223.10M22.17x0.46
NUE
NUCOR CORP
NYSE
Steel
$41.83B$174.470.06%$6.62B10.23x0.59
AAON
AAON INC
NASDAQ
Building Products & Equipment
$6.35B$77.29-0.59%$280.66M34.97x0.21
MEOH
METHANEX CORP
NASDAQ
Chemicals
$3.40B$50.480.44%$663.30M20.35x2.11
APD
AIR PRODUCTS & CHEMICALS INC
NYSE
Specialty Chemicals
$55.70B$250.55-0.02%$4.65B22.55x1.31
EXP
EAGLE MATERIALS INC
NYSE
Building Materials
$9.27B$269.150.70%$828.32M18.83x1.17
RS
RELIANCE INC
NYSE
Steel
$16.83B$293.15-0.80%$1.91B13.53x0.35
HCC
WARRIOR MET COAL INC
NYSE
Coking Coal
$3.34B$63.78-3.26%$646.90M7.66x0.25
MTX
MINERALS TECHNOLOGIES INC
NYSE
Specialty Chemicals
$2.58B$79.900.20%$275.60M27.55x0.99
ROCK
GIBRALTAR INDUSTRIES INC
NASDAQ
Building Products & Equipment
$2.26B$74.30-0.54%$182.19M19.76x0.40
BIOX
BIOCERES CROP SOLUTIONS CORP
NASDAQ
Agricultural Inputs
$811.11M$12.91-2.05%$74.96M36.47x1.61
CLW
CLEARWATER PAPER CORP
NYSE
Paper & Paper Products
$803.74M$48.19-2.19%$262.00M8.02x1.45
FUL
FULLER H B CO
NYSE
Specialty Chemicals
$4.34B$79.620.56%$544.49M28.13x1.65
ORGN
ORIGIN MATERIALS INC
NASDAQ
Chemicals
$165.62M$1.14-0.44%$26.82M6.68x0.09
SVM
SILVERCORP METALS INC
NYSEMKT
Silver
$635.56M$3.590.00%$78.65M21.12x0.23
MAG
MAG SILVER CORP
NYSEMKT
Silver
$1.31B$12.70-3.20%$54.59M27.02x0.03
PPIH
PERMA-PIPE INTERNATIONAL HOLDINGS INC
NASDAQ
Building Products & Equipment
$71.51M$8.92-2.83%$13.25M6.81x1.51
TT
TRANE TECHNOLOGIES PLC
NYSE
Building Products & Equipment
$75.14B$331.98-0.28%$3.28B35.17x1.80
ERO
ERO COPPER CORP
NYSE
Copper
$2.21B$21.52-1.33%$186.78M32.61x0.93
SWIM
LATHAM GROUP INC
NASDAQ
Building Products & Equipment
$427.62M$3.70-3.90%$74.44M123.33x1.06
WMS
ADVANCED DRAINAGE SYSTEMS INC
NYSE
Building Products & Equipment
$13.38B$172.440.05%$892.25M27.07x1.80
AEM
AGNICO EAGLE MINES LTD
NYSE
Gold
$34.08B$68.400.44%$2.59B75.16x0.47
GSM
FERROGLOBE PLC
NASDAQ
Other Industrial Metals & Mining
$1.02B$5.44-0.73%$247.11M11.83x1.01
PPG
PPG INDUSTRIES INC
NYSE
Specialty Chemicals
$31.73B$135.330.73%$2.70B22.71x1.73
CMC
COMMERCIAL METALS CO
NYSE
Steel
$6.63B$57.29-0.45%$1.18B9.83x0.58
ASH
ASHLAND INC
NYSE
Specialty Chemicals
$4.91B$98.040.18%$339.00M25.46x0.90
AWI
ARMSTRONG WORLD INDUSTRIES INC
NYSE
Building Products & Equipment
$5.15B$117.600.04%$442.80M22.02x1.70
FSI
FLEXIBLE SOLUTIONS INTERNATIONAL INC
NYSEMKT
Specialty Chemicals
$25.77M$2.07-2.36%$4.88M9.41x0.49
BLDR
BUILDERS FIRSTSOURCE INC
NYSE
Building Products & Equipment
$20.38B$166.96-1.36%$2.64B14.15x1.25
MAS
MASCO CORP
NYSE
Building Products & Equipment
$15.93B$72.310.37%$1.44B17.68x-69.05
NTR
NUTRIEN LTD
NYSE
Agricultural Inputs
$28.77B$58.170.00%$4.44B34.02x1.15
CMT
CORE MOLDING TECHNOLOGIES INC
NYSEMKT
Specialty Chemicals
$183.35M$20.052.24%$36.29M9.55x0.49
JBI
JANUS INTERNATIONAL GROUP INC
NYSE
Building Products & Equipment
$2.00B$13.69-1.93%$293.66M14.41x1.52
RGLD
ROYAL GOLD INC
NASDAQ
Gold
$8.36B$127.241.49%$460.21M37.53x0.13
CE
CELANESE CORP
NYSE
Chemicals
$17.11B$156.69-2.93%$2.70B8.58x2.62
MT
ARCELORMITTAL
NYSE
Steel
$20.91B$25.520.12%$4.69B23.41x0.70
AU
ANGLOGOLD ASHANTI (PTY) LTD
NYSE
Gold
$10.21B$24.381.41%$470.00M34.34x0.96
SSD
SIMPSON MANUFACTURING CO INC
NYSE
Lumber & Wood Production
$7.42B$176.00-0.64%$544.53M21.92x0.58
KWR
QUAKER CHEMICAL CORP
NYSE
Specialty Chemicals
$3.33B$184.87-2.45%$307.83M28.10x0.95
SCCO
SOUTHERN COPPER CORP
NYSE
Copper
$92.76B$118.751.48%$5.03B39.46x1.22
HUDI
HUADI INTERNATIONAL GROUP CO LTD
NASDAQ
Steel
$37.36M$2.620.00%$4.49M11.39x0.38
VMC
VULCAN MATERIALS CO
NYSE
Building Materials
$35.98B$272.070.51%$2.09B39.43x0.85
JCI
JOHNSON CONTROLS INTERNATIONAL PLC
NYSE
Building Products & Equipment
$44.19B$65.59-0.23%$2.42B26.45x1.70
HWKN
HAWKINS INC
NASDAQ
Specialty Chemicals
$1.64B$78.09-0.85%$133.66M22.25x0.64
LEU
CENTRUS ENERGY CORP
NYSEMKT
Uranium
$702.11M$43.89-0.27%$75.00M9.38x21.19
LAAC
LITHIUM AMERICAS (ARGENTINA) CORP
NYSE
Other Industrial Metals & Mining
$837.14M$5.21-5.44%$1.32B47.36x0.27
GOLD
BARRICK GOLD CORP
NYSE
Gold
$29.72B$16.93-0.59%$4.44B20.65x0.58
KGC
KINROSS GOLD CORP
NYSE
Gold
$9.32B$7.590.80%$1.90B21.69x0.70
TGLS
TECNOGLASS INC
NYSE
Building Materials
$2.47B$52.531.66%$261.20M15.18x0.71
ZEUS
OLYMPIC STEEL INC
NASDAQ
Steel
$601.49M$54.032.72%$104.11M14.41x0.80
KOP
KOPPERS HOLDINGS INC
NYSE
Specialty Chemicals
$925.39M$43.650.34%$239.20M11.89x2.64
MSB
MESABI TRUST
NYSE
Steel
$218.84M$16.680.00%$18.98M11.53x0.27
AVNT
AVIENT CORP
NYSE
Specialty Chemicals
$4.15B$45.48-0.26%$421.00M39.55x1.52
AGI
ALAMOS GOLD INC
NYSE
Gold
$6.21B$15.65-0.19%$492.20M30.10x0.36
EGO
ELDORADO GOLD CORP
NYSE
Gold
$3.11B$15.301.46%$460.37M25.08x0.41
IE
IVANHOE ELECTRIC INC
NYSEMKT
Copper
$1.49B$12.382.91%-$214.14M6.22x0.34
AXTA
AXALTA COATING SYSTEMS LTD
NYSE
Specialty Chemicals
$7.95B$36.04-0.47%$832.00M32.47x3.07
CLF
CLEVELAND-CLIFFS INC
NYSE
Steel
$8.24B$17.32-0.74%$1.78B22.79x1.36

Basic Material Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
18-1.37%+2.22%-1.74%-23.26%38.09x1.43x+7.23%+2.79%+4.91%+24.21%Buy
4+0.56%+1.94%+4.74%+43.83%1.93x2.06x+3.15%-0.03%+3.37%-12.18%Buy
15+0.34%+2.97%+3.67%+59.47%28.56x3.14x+14.03%+6.93%+11.20%+6.32%Buy
33-0.18%+2.36%+3.62%+61.19%29.77x5.42x-2.46%+10.12%+18.11%+3.82%Buy
16-0.91%+2.06%-1.27%+20.63%26.38x2.02x+6.41%+2.34%+4.54%+13.56%Buy
6-2.82%-8.86%-5.60%+52.60%8.28x1.93x+24.74%+17.07%+22.78%+23.85%Strong Buy
7+1.12%+4.01%+3.39%+45.35%41.11x6.18x+19.73%+8.34%+18.01%-10.75%Buy
45+0.29%+4.66%+4.08%-8.98%8.42x1.83x-0.70%-0.36%+2.49%+12.99%Buy
6-0.88%-1.08%-4.61%+26.59%-8.99x1.72x+12.51%+8.44%+12.47%+14.11%Buy
40+0.04%+2.77%-3.80%-25.13%19.67x2.19x+11.16%+7.11%+14.21%+54.14%Buy
17-1.31%+3.32%+1.10%+2.90%62.73x1.70x-5.40%+0.02%+2.02%+47.82%Buy
6-2.61%+0.52%+9.41%+40.38%7.96x1.56x+18.43%+5.83%+11.43%-13.09%Hold
3-2.52%+5.83%-1.21%+3.69%-11.55x1.71x+2.42%+2.64%+3.24%+31.47%Strong Buy
58+0.02%+3.04%+0.88%+15.21%33.16x3.40x+18.81%+6.12%+11.49%+12.13%Buy
23+0.18%+0.53%-8.31%+22.90%12.08x0.96x+13.64%+8.47%+13.76%+14.89%Buy
6-0.92%+0.20%+3.28%+29.99%5.13x1.24x+28.59%+16.65%+22.33%+15.32%Strong Buy
10-2.23%+0.41%+1.03%+60.89%3.10x4.57x+65.39%+3.10%+5.38%+36.69%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 34 points higher than the basic material sector average of 29. It passed 23 out of 38 due diligence checks and has strong fundamentals. Oil Dri Of America has seen its stock return 104.4% over the past year, overperforming other basic material stocks by 80 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 31 points higher than the basic material sector average of 29. It passed 22 out of 38 due diligence checks and has strong fundamentals. Vale Sa has seen its stock lose -11.14% over the past year, underperforming other basic material stocks by -36 percentage points.

Vale Sa has an average 1 year price target of $17.00, an upside of 36.66% from Vale Sa's current stock price of $12.44.

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 30 points higher than the basic material sector average of 29. It passed 22 out of 38 due diligence checks and has strong fundamentals. Ufp Industries has seen its stock return 41.41% over the past year, overperforming other basic material stocks by 17 percentage points.

Ufp Industries has an average 1 year price target of $120.00, an upside of 1.63% from Ufp Industries's current stock price of $118.08.

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

1. Consol Energy (NYSE:CEIX)


Consol Energy (NYSE:CEIX) has an annual dividend yield of N/A, which is N/A percentage points lower than the basic material sector average of 2.66%.

Consol Energy's dividend payout ratio of 6.7% indicates that its dividend yield is sustainable for the long-term.

2. Futurefuel (NYSE:FF)


Futurefuel (NYSE:FF) has an annual dividend yield of 49.82%, which is 47 percentage points higher than the basic material sector average of 2.66%. 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 322.4% 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 12.58%, which is 10 percentage points higher than the basic material sector average of 2.66%. 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 61.3% indicates that its high dividend yield is sustainable for the long-term.

Why are basic material stocks down?

Basic material stocks were down -0.21% in the last day, and up 2.04% over the last week. American Vanguard was the among the top losers in the basic materials sector, dropping -27.69% yesterday.

American Vanguard shares are trading lower after the company reported worse-than-expected Q1 financial results.

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 62 points higher than the basic material sector average of 24. It passed 6 out of 7 valuation due diligence checks.

Methanex's stock has gained 17.18% in the past year. It has underperformed other stocks in the basic material sector by -8 percentage points.

2. Ramaco Resources (NASDAQ:METC)


Ramaco Resources (NASDAQ:METC) is the second most undervalued basic material stock based on WallStreetZen's Valuation Score. Ramaco Resources has a valuation score of 86, which is 62 points higher than the basic material sector average of 24. It passed 6 out of 7 valuation due diligence checks.

Ramaco Resources's stock has gained 28.6% in the past year. It has overperformed other stocks in the basic material sector by 4 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 62 points higher than the basic material sector average of 24. It passed 6 out of 7 valuation due diligence checks.

Algoma Steel Group's stock has gained 7.62% in the past year. It has underperformed other stocks in the basic material sector by -17 percentage points.

Are basic material stocks a good buy now?

52.13% of basic material stocks rated by analysts are a buy right now. On average, analysts expect basic material stocks to rise by 11.37% 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 25.95x.
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.