WallStreetZenWallStreetZen

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
$584.28M$80.182.35%$69.33M12.30x0.51
VALE
VALE SA
NYSE
Other Industrial Metals & Mining
$57.01B$12.56-0.08%$12.49B6.86x1.35
UFPI
UFP INDUSTRIES INC
NASDAQ
Lumber & Wood Production
$7.49B$121.282.06%$802.20M14.86x0.31
EMN
EASTMAN CHEMICAL CO
NYSE
Chemicals
$11.85B$100.73-0.29%$1.80B12.91x1.65
LPX
LOUISIANA-PACIFIC CORP
NYSE
Building Products & Equipment
$6.43B$89.651.71%$517.00M24.49x0.54
SILV
SILVERCREST METALS INC
NYSEMKT
Other Precious Metals & Mining
$1.26B$8.602.14%$153.19M10.36x0.08
RIO
RIO TINTO LTD
NYSE
Other Industrial Metals & Mining
$113.39B$69.69-0.21%$20.19B11.23x0.87
CSL
CARLISLE COMPANIES INC
NYSE
Building Products & Equipment
$19.94B$418.921.02%$1.35B24.03x1.32
LYB
LYONDELLBASELL INDUSTRIES NV
NYSE
Specialty Chemicals
$33.06B$101.520.20%$4.57B15.67x1.82
CBT
CABOT CORP
NYSE
Specialty Chemicals
$5.65B$102.220.05%$693.00M12.89x1.53
WDFC
WD 40 CO
NASDAQ
Specialty Chemicals
$3.25B$240.092.91%$103.54M47.73x1.04
USLM
UNITED STATES LIME & MINERALS INC
NASDAQ
Building Materials
$2.14B$375.071.71%$124.43M26.75x0.12
WOR
WORTHINGTON ENTERPRISES INC
NYSE
Steel
$3.00B$59.761.29%$473.66M10.71x0.87
ARLP
ALLIANCE RESOURCE PARTNERS LP
NASDAQ
Thermal Coal
$2.89B$22.551.26%$905.12M4.93x0.55
STLD
STEEL DYNAMICS INC
NASDAQ
Steel
$21.22B$135.070.16%$3.64B9.20x0.66
WLKP
WESTLAKE CHEMICAL PARTNERS LP
NYSE
Chemicals
$782.77M$22.220.14%$192.36M14.52x1.61
BCC
BOISE CASCADE CO
NYSE
Lumber & Wood Production
$5.38B$136.310.81%$817.38M11.00x0.60
GGB
GERDAU SA
NYSE
Steel
$7.89B$3.740.54%$2.73B5.26x0.52
NX
QUANEX BUILDING PRODUCTS CORP
NYSE
Building Products & Equipment
$1.16B$34.901.13%$152.92M13.22x0.47
GFI
GOLD FIELDS LTD
NYSE
Gold
$15.01B$16.800.30%$1.23B21.27x0.81
TGB
TASEKO MINES LTD
NYSEMKT
Other Industrial Metals & Mining
$796.53M$2.746.61%$206.13M11.14x2.95
APOG
APOGEE ENTERPRISES INC
NASDAQ
Building Products & Equipment
$1.47B$66.480.73%$189.23M14.61x0.88
ARCH
ARCH RESOURCES INC
NYSE
Thermal Coal
$2.83B$156.15-2.59%$540.75M8.90x0.66
ICL
ICL GROUP LTD
NYSE
Agricultural Inputs
$6.28B$4.781.27%$1.46B12.92x0.94
MLM
MARTIN MARIETTA MATERIALS INC
NYSE
Building Materials
$37.36B$606.13-0.32%$3.40B17.91x0.83
HDSN
HUDSON TECHNOLOGIES INC
NASDAQ
Specialty Chemicals
$422.80M$9.290.11%$74.07M9.20x0.23
BIOX
BIOCERES CROP SOLUTIONS CORP
NASDAQ
Agricultural Inputs
$753.94M$12.00-2.83%$74.96M33.90x1.61
SQM
CHEMICAL & MINING CO OF CHILE INC
NYSE
Chemicals
$14.14B$49.512.93%$2.94B15.32x1.42
GMS
GMS INC
NYSE
Building Products & Equipment
$3.78B$94.810.57%$592.69M13.04x1.31
NEU
NEWMARKET CORP
NYSE
Specialty Chemicals
$5.32B$554.89-0.82%$627.25M13.35x1.74
RPM
RPM INTERNATIONAL INC
NYSE
Specialty Chemicals
$14.63B$113.65-0.16%$1.04B26.01x1.72
MOS
MOSAIC CO
NYSE
Agricultural Inputs
$9.67B$30.082.10%$1.96B12.75x0.89
FRD
FRIEDMAN INDUSTRIES INC
NYSEMKT
Steel
$126.20M$18.09-2.37%$30.49M7.15x0.87
FMC
FMC CORP
NYSE
Agricultural Inputs
$8.27B$66.27-0.66%$393.80M7.40x1.77
CF
CF INDUSTRIES HOLDINGS INC
NYSE
Agricultural Inputs
$13.60B$74.380.16%$2.53B12.31x1.08
OLN
OLIN CORP
NYSE
Specialty Chemicals
$6.75B$56.521.55%$1.14B19.69x2.49
METC
RAMACO RESOURCES INC
NASDAQ
Coking Coal
$699.19M$13.171.78%$141.98M10.98x0.81
DOOR
MASONITE INTERNATIONAL CORP
NYSE
Building Products & Equipment
$2.92B$132.840.05%$375.90M20.66x2.05
RS
RELIANCE INC
NYSE
Steel
$16.69B$290.65-1.07%$1.91B13.42x0.35
PATK
PATRICK INDUSTRIES INC
NASDAQ
Building Products & Equipment
$2.61B$116.372.98%$412.68M16.94x1.87
BHP
BHP GROUP LTD
NYSE
Other Industrial Metals & Mining
$148.91B$58.792.82%$20.62B20.13x1.31
EXP
EAGLE MATERIALS INC
NYSE
Building Materials
$9.26B$268.700.37%$828.32M18.80x1.17
APD
AIR PRODUCTS & CHEMICALS INC
NYSE
Chemicals
$55.26B$248.56-0.68%$4.65B22.37x1.31
MEOH
METHANEX CORP
NASDAQ
Chemicals
$3.59B$53.270.83%$663.30M21.48x2.11
IOSP
INNOSPEC INC
NASDAQ
Specialty Chemicals
$3.28B$131.401.90%$223.10M22.20x0.46
AAON
AAON INC
NASDAQ
Building Products & Equipment
$6.20B$75.40-0.12%$280.66M34.12x0.21
MTX
MINERALS TECHNOLOGIES INC
NYSE
Chemicals
$2.60B$80.550.93%$275.60M27.78x0.99
AWI
ARMSTRONG WORLD INDUSTRIES INC
NYSE
Building Products & Equipment
$5.14B$117.480.90%$442.80M22.00x1.70
OC
OWENS CORNING
NYSE
Building Products & Equipment
$15.40B$177.701.16%$2.16B14.23x1.15
ROCK
GIBRALTAR INDUSTRIES INC
NASDAQ
Building Products & Equipment
$2.28B$74.730.63%$182.19M19.88x0.40
PPIH
PERMA-PIPE INTERNATIONAL HOLDINGS INC
NASDAQ
Building Products & Equipment
$73.11M$9.120.66%$13.25M6.96x1.51
FUL
FULLER H B CO
NYSE
Specialty Chemicals
$4.38B$80.441.09%$544.49M28.42x1.65
SVM
SILVERCORP METALS INC
NYSEMKT
Silver
$639.10M$3.611.98%$78.65M21.24x0.23
MAG
MAG SILVER CORP
NYSEMKT
Silver
$1.33B$12.893.62%$65.65M22.61x0.03
ERO
ERO COPPER CORP
NYSE
Other Industrial Metals & Mining
$2.27B$22.121.94%$186.78M33.52x0.93
ALB
ALBEMARLE CORP
NYSE
Specialty Chemicals
$15.92B$135.463.00%$1.08B48.90x0.63
CGAU
CENTERRA GOLD INC
NYSE
Gold
$1.40B$6.530.46%$334.70M23.32x0.35
CLW
CLEARWATER PAPER CORP
NYSE
Paper & Paper Products
$830.92M$49.82-0.86%$262.00M8.29x1.45
SWIM
LATHAM GROUP INC
NASDAQ
Building Products & Equipment
$441.49M$3.821.06%$74.44M127.33x1.06
WMS
ADVANCED DRAINAGE SYSTEMS INC
NYSE
Building Products & Equipment
$13.45B$173.311.34%$892.25M27.21x1.80
CMC
COMMERCIAL METALS CO
NYSE
Steel
$6.67B$57.680.54%$1.18B9.89x0.58
ASH
ASHLAND INC
NYSE
Chemicals
$4.91B$98.050.06%$339.00M25.47x0.90
AEM
AGNICO EAGLE MINES LTD
NYSE
Gold
$34.20B$68.641.31%$2.59B75.43x0.47
PPG
PPG INDUSTRIES INC
NYSE
Specialty Chemicals
$31.75B$135.38-0.27%$2.70B22.71x1.73
LAAC
LITHIUM AMERICAS (ARGENTINA) CORP
NYSE
Other Industrial Metals & Mining
$805.50M$5.00-5.84%$1.32B38.46x0.28
MAS
MASCO CORP
NYSE
Building Products & Equipment
$15.66B$71.100.44%$1.44B17.38x-69.05
FF
FUTUREFUEL CORP
NYSE
Chemicals
$217.50M$4.97-1.19%$47.87M5.85x0.19
NTR
NUTRIEN LTD
NYSE
Agricultural Inputs
$28.44B$57.500.95%$4.44B33.63x1.15
GSM
FERROGLOBE PLC
NASDAQ
Other Industrial Metals & Mining
$1.05B$5.582.39%$210.85M17.44x0.94
BLDR
BUILDERS FIRSTSOURCE INC
NYSE
Building Products & Equipment
$20.71B$169.711.40%$2.64B14.38x1.25
CMT
CORE MOLDING TECHNOLOGIES INC
NYSEMKT
Specialty Chemicals
$173.93M$19.02-3.30%$36.29M9.06x0.49
ORGN
ORIGIN MATERIALS INC
NASDAQ
Chemicals
$155.11M$1.06-9.83%$5.39M-105.50x0.10
JBI
JANUS INTERNATIONAL GROUP INC
NYSE
Building Products & Equipment
$2.03B$13.920.80%$293.66M14.65x1.52
FSI
FLEXIBLE SOLUTIONS INTERNATIONAL INC
NYSEMKT
Specialty Chemicals
$26.02M$2.09-1.42%$4.88M9.50x0.49
AU
ANGLOGOLD ASHANTI (PTY) LTD
NYSE
Gold
$10.19B$24.340.25%$470.00M34.28x0.96
NUE
NUCOR CORP
NYSE
Steel
$41.39B$172.62-0.64%$6.62B10.12x0.59
CE
CELANESE CORP
NYSE
Chemicals
$17.44B$159.71-0.33%$2.70B8.74x2.62
KWR
QUAKER CHEMICAL CORP
NYSE
Specialty Chemicals
$3.32B$184.550.77%$307.83M28.05x0.95
HCC
WARRIOR MET COAL INC
NYSE
Coking Coal
$3.31B$63.25-0.88%$646.90M7.59x0.25
SSD
SIMPSON MANUFACTURING CO INC
NYSE
Building Products & Equipment
$7.40B$175.560.73%$544.53M21.86x0.58
IBP
INSTALLED BUILDING PRODUCTS INC
NYSE
Building Products & Equipment
$6.59B$231.621.49%$507.90M26.08x1.95
HWKN
HAWKINS INC
NASDAQ
Specialty Chemicals
$1.60B$76.50-1.60%$133.66M21.79x0.64
VMC
VULCAN MATERIALS CO
NYSE
Building Materials
$35.41B$267.75-0.87%$2.09B38.80x0.85
LEU
CENTRUS ENERGY CORP
NYSEMKT
Uranium
$691.87M$43.25-0.32%$75.00M9.24x21.19
SCCO
SOUTHERN COPPER CORP
NYSE
Copper
$96.70B$123.792.59%$5.03B41.14x1.22
ZEUS
OLYMPIC STEEL INC
NASDAQ
Steel
$585.35M$52.581.06%$104.11M14.02x0.80
KGC
KINROSS GOLD CORP
NYSE
Gold
$9.58B$7.802.77%$1.90B22.29x0.70
GOLD
BARRICK GOLD CORP
NYSE
Gold
$30.11B$17.151.24%$4.44B20.91x0.58
MT
ARCELORMITTAL
NYSE
Steel
$21.28B$25.981.01%$4.69B23.83x0.70
NRP
NATURAL RESOURCE PARTNERS LP
NYSE
Thermal Coal
$1.16B$89.41-0.95%$236.23M5.83x0.51
TGLS
TECNOGLASS INC
NYSE
Building Products & Equipment
$2.60B$55.373.84%$261.20M16.00x0.71
MSB
MESABI TRUST
NYSE
Steel
$222.12M$16.930.30%$18.98M11.70x0.27
KOP
KOPPERS HOLDINGS INC
NYSE
Specialty Chemicals
$915.64M$43.19-0.37%$239.20M11.77x2.64
AVNT
AVIENT CORP
NYSE
Specialty Chemicals
$4.14B$45.33-0.44%$421.00M39.42x1.52
IE
IVANHOE ELECTRIC INC
NYSEMKT
Copper
$1.53B$12.735.38%-$214.14M6.40x0.34
AGI
ALAMOS GOLD INC
NYSE
Gold
$6.26B$15.782.33%$492.20M30.35x0.36
EGO
ELDORADO GOLD CORP
NYSE
Gold
$3.01B$14.82-1.66%$460.37M24.30x0.41
SUM
SUMMIT MATERIALS INC
NYSE
Building Materials
$7.15B$40.731.47%$767.70M18.10x0.93
CLF
CLEVELAND-CLIFFS INC
NYSE
Steel
$8.46B$17.800.56%$1.78B23.42x1.36
AXTA
AXALTA COATING SYSTEMS LTD
NYSE
Specialty Chemicals
$8.06B$36.540.97%$832.00M32.92x3.07

Basic Material Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
16+0.54%+0.75%+4.40%-19.67%37.96x1.43x+7.25%+2.79%+4.92%+23.46%Buy
4-0.39%+2.56%+8.21%+46.24%1.19x2.14x+2.51%-0.19%+3.11%-14.38%Buy
15+0.43%+0.86%+4.84%+57.09%28.39x3.12x+14.10%+6.97%+11.26%+6.96%Buy
33+1.12%+2.56%+5.68%+59.16%29.75x5.42x-1.73%+10.12%+18.10%+3.60%Buy
17+0.50%+1.47%+4.21%+23.08%26.74x2.05x+6.36%+2.32%+4.51%+11.72%Buy
6-1.61%-4.89%-7.41%+57.93%8.19x1.91x+24.70%+17.08%+22.79%+25.17%Strong Buy
7+3.30%+7.15%+9.50%+52.23%42.77x6.44x+19.75%+8.35%+18.04%-14.40%Buy
45+1.27%+3.08%+6.07%-6.16%8.75x1.83x-0.62%-0.28%+2.52%+12.77%Buy
6+1.09%+0.47%-3.73%+28.75%-9.14x1.74x+12.49%+8.44%+12.48%+13.00%Buy
38+1.49%+1.99%-1.13%-25.10%22.09x2.23x+11.17%+7.11%+14.14%+50.06%Buy
17+2.13%+1.33%+5.83%+11.10%62.32x1.71x-5.51%-0.00%+1.82%+46.25%Buy
6+0.58%+3.79%+17.50%+47.93%8.07x1.55x+18.43%+5.83%+11.47%-11.49%Hold
3+2.85%+1.67%+3.12%+8.93%-12.70x1.71x+3.05%+3.23%+3.85%+30.36%Strong Buy
58+0.24%+0.35%+2.34%+14.90%33.02x3.39x+18.70%+6.10%+11.48%+12.00%Buy
24+0.08%+0.61%-6.15%+22.16%12.06x0.97x+13.40%+8.32%+13.56%+15.32%Buy
6-0.24%+0.28%+2.92%+32.98%5.20x1.25x+28.55%+16.63%+22.32%+14.00%Strong Buy
11+0.57%-3.78%+0.90%+58.52%4.08x4.47x+63.95%+2.40%+4.77%+39.04%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 94.85% over the past year, overperforming other basic material stocks by 70 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 -10.8% 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 35.35% from Vale Sa's current stock price of $12.56.

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 46.3% 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, a downside of -1.06% from Ufp Industries's current stock price of $121.28.

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 2.34%.

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

2. Alliance Resource Partners (NASDAQ:ARLP)


Alliance Resource Partners (NASDAQ:ARLP) has an annual dividend yield of 12.42%, which is 10 percentage points higher than the basic material sector average of 2.34%. 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.

3. Cvr Partners (NYSE:UAN)


Cvr Partners (NYSE:UAN) has an annual dividend yield of 11.68%, which is 9 percentage points higher than the basic material sector average of 2.34%. 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.

Why are basic material stocks up?

Basic material stocks were up 0.54% in the last day, and up 1.03% over the last week. Arcadia Biosciences was the among the top gainers in the basic materials sector, gaining 31.44% yesterday.

Arcadia Biosciences shares are trading higher after the company announced the sale of its non-GMO Resistant Starch Durum Wheat trait.

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 25.64% in the past year. It has performed in line with other stocks in the basic material sector.

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 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 5.62% in the past year. It has underperformed other stocks in the basic material sector by -20 percentage points.

3. Ferroglobe (NASDAQ:GSM)


Ferroglobe (NASDAQ:GSM) is the third most undervalued basic material stock based on WallStreetZen's Valuation Score. Ferroglobe has a valuation score of 71, which is 47 points higher than the basic material sector average of 24. It passed 5 out of 7 valuation due diligence checks.

Ferroglobe's stock has gained 25.39% in the past year. It has performed in line with other stocks in the basic material sector.

Are basic material stocks a good buy now?

51.18% of basic material stocks rated by analysts are a buy right now. On average, analysts expect basic material stocks to rise by 11.1% 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 26.4x.
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.