Based on key financial metrics such as the price-to-sales ratio, shareholder yield and the price-earnings ratio, the following 5 stocks made the list for top value stocks in the Metals & Mining industry. Those looking for value stocks to add to their portfolio may want to use this list as a starting point for further investment research.

Why Focus on Undervalued Metals & Mining Stocks?

Value investors seek to buy stocks at a discount to their intrinsic value. Long-term returns show that such strategies are advantageous. Value stocks, as a group, tend to outperform growth stocks over extended periods of time. Typically, value investors perform financial analysis of numerous metrics, don’t follow the herd and are long-term investors.

AAII’s A+ Investor Value Grade is derived from a stock’s Value Score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

What Goes Into AAII’s Value Grade?

Stock evaluation requires access to huge amounts of data as well as the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movement. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors with that task.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A–F grades for more than just value. It is possible for a stock to appear cheap based on one valuation metric but appear expensive on another. It is also possible for one valuation ratio to be associated with outperforming stocks during certain periods of time but not others. Some stocks may even have null values for certain metrics like the price-earnings ratio or the price-to-book ratio but not others. An example of this would be a company with losses instead of profits or a negative book value because of heavy borrowing. Negative earnings or book value result in non-meaningful ratios that are left blank or null.

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5 Undervalued Metals & Mining Stocks

Of course, there are countless value stocks that are worth mentioning, but this is a concise list of the top 5 undervalued stocks in the Metals & Mining industry for Friday, May 29, 2026. Let’s take a closer look at their individual scores to see how they measure up against each other and the Metals & Mining industry median.

The Value Grade is assigned based on how each stock’s composite valuation compares to all other stocks.

The process for assigning grades starts with each variable for a given stock. The percentile rankings for all valid ratios that a stock has are calculated. So, for instance, a stock could have a price-to-book ranking in the 43rd percentile, a price-earnings ranking in the 67th percentile, a price-to-sales ranking in the 23rd percentile, etc. Then, those rankings are averaged for each stock. (A minimum of two valid variables are required, though all six will be used if available.)

Once the average of the individual variables is calculated, that average is ranked against all stocks. Put another way, each stock’s composite valuation is compared to all other stocks. These ranks are then sorted into quintiles from the cheapest 20% (a grade of A) to the most expensive 20% (a grade of F).

As always, we recommend that you conduct proper due diligence and research before investing in any security. We also suggest that investors utilize numerous grades, not just value, when it comes to deciding whether a company is a good fit for their allocation needs.

Compañía de Minas Buenaventura S.A.A.’s Value Grade

Value Grade:

Compañía de Minas Buenaventura S.A.A., together with its subsidiaries, engages in the exploration, development, construction, and operation of mines in Peru, the Americas, Europe, and Asia. It explores for gold, silver, copper, zinc, lead, and antimony deposits. The company also engages in the exploration, extraction, concentration, smelting, and marketing of polymetallic minerals and metals. In addition, it is involved in electricity transmission and generation; hydroelectric plant operation; and production of manganese sulfate monohydrate, as well as tailings dam management. The company was incorporated in 1953 and is based in Lima, Peru.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Compañía de Minas Buenaventura S.A.A. has a Value Score of 68, which is considered to be undervalued.

When you look at Compañía de Minas Buenaventura S.A.A.’s price-to-sales ratio at 4.34 compared to the industry median at 3.25, this company has a higher price relative to revenue compared to its peers. This could make Compañía de Minas Buenaventura S.A.A.’s stock less attractive for value investors.

Compañía de Minas Buenaventura S.A.A.’s price-earnings ratio is 9.00 compared to the industry median at 19.00. This means it has a lower share price relative to earnings compared to its peers. This could make Compañía de Minas Buenaventura S.A.A. more attractive for value investors.

Now, let’s assess Compañía de Minas Buenaventura S.A.A.’s EV/EBITDA ratio, also known as enterprise multiple. At 4.8, when compared to the industry median of 8.3, the company may be considered undervalued in relation to its peers. Value investors could use the enterprise multiple to identify stocks that are considered overvalued or undervalued relative to their industry.

Shareholder yield is the sum of a stock’s dividend yield (paid over previous 12 months minus special dividends) and the percentage of net share buybacks over the previous 12 months. Compañía de Minas Buenaventura S.A.A.’s shareholder yield is higher than its industry median ratio of (9.05%). Value investors may look for an attractive shareholder yield because it can be a powerful tool for identifying if the company has a good management team.

As one of the most common value metrics, the price-to-book ratio evaluates a company’s current market price relative to its book value. Compañía de Minas Buenaventura S.A.A.’s price-to-book ratio is lower than its industry median ratio of 3.27. This could make Compañía de Minas Buenaventura S.A.A. more attractive to investors looking for a new addition to their portfolio.

Lastly, let’s take a look at Compañía de Minas Buenaventura S.A.A.’s price-to-free-cash-flow ratio (P/FCF), which can indicate a company’s market value relative to its operating cash flow. Compañía de Minas Buenaventura S.A.A.’s price-to-free-cash-flow ratio is higher than its industry median ratio of 26.45. This could make Compañía de Minas Buenaventura S.A.A. less attractive because the higher P/FCF ratio indicates that Compañía de Minas Buenaventura S.A.A. is undervalued. The P/FCF ratio metric can also be viewed over a long-term time frame to see if the company's cash flow to share price value is generally improving or worsening.

Constellium SE’s Value Grade

Value Grade:

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the aerospace, packaging, automotive, commercial transportation, general industrial, and defense end-markets. It operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry. The Packaging & Automotive Rolled Products segment produces and develops rolled aluminum products, including canstock and closure stock for the beverage and food industry, as well as foil stock for the flexible packaging market. This segment also supplies automotive body sheets, heat exchangers, and battery foil products for the automotive market. The Aerospace & Transportation segment provides aluminum products including plate, sheet, and extrusions to aerospace, space, commercial transportation, general industrial, and defense sectors. The Automotive Structures & Industry segment offers structural solutions for the automotive industry including crash management systems, body structures, side impact beams, and battery enclosure components; soft and hard alloy extrusions for automotive, transportation, and general industrial applications; and profiles for rail and general industrial applications. This segment also provides downstream technology and services, which include pre-machining, surface treatment, research and development, and technical support services. It sells its products directly or through distributors in France, Germany, the Czech Republic, the United Kingdom, Switzerland, and the United States, as well as South Korea, Japan and China. The company was incorporated in 2010 and is headquartered in Paris, France.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Constellium SE has a Value Score of 77, which is considered to be undervalued.

Constellium SE’s price-earnings ratio is 11.2 compared to the industry median at 19.0. This means that it has a lower price relative to its earnings compared to its peers. This makes Constellium SE more attractive for value investors.

Constellium SE’s price-to-book ratio is lower than its peers. This could make Constellium SE more attractive for value investors when compared to the industry median at 3.27.

You can read more about Constellium SE’s key financial metrics like shareholder yield, price-to-free-cash-flow and EV/EBITDA ratio, or learn more about its Momentum and Growth Grades, by subscribing to A+ Investor.

Nexa Resources S.A.’s Value Grade

Value Grade:

Nexa Resources S.A., together with its subsidiaries, engages in the zinc mining and smelting business worldwide. The company operates in two segments, Mining and Smelting. It produces metallic zinc, zamac, gold, sulfuric acid and zinc oxide, as well as by-products, such as sulfuric acid, silver concentrate, copper cement, copper sulfate, lead concentrate, lead-silver concentrate, and other metallurgical by-products. The Company owns and operates three polymetallic mines in Peru and two polymetallic mines in Brazil. The company owns and operates three polymetallic mines in Peru and two polymetallic mines in Brazil; zinc smelter in Peru and two zinc smelters in Brazil. The company was formerly known as VM Holding S.A. and changed its name to Nexa Resources S.A. in September 2017. The company was founded in 1956 and is based in Luxembourg, Luxembourg. Nexa Resources S.A. is a subsidiary of Votorantim S.A.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Nexa Resources S.A. has a Value Score of 79, which is considered to be undervalued.

Nexa Resources S.A.’s price-earnings ratio is 9.4 compared to the industry median at 19.0. This means that it has a lower price relative to its earnings compared to its peers. This makes Nexa Resources S.A. more attractive for value investors.

Nexa Resources S.A.’s price-to-book ratio is higher than its peers. This could make Nexa Resources S.A. less attractive for value investors when compared to the industry median at 3.27.

You can read more about Nexa Resources S.A.’s key financial metrics like shareholder yield, price-to-free-cash-flow and EV/EBITDA ratio, or learn more about its Momentum and Growth Grades, by subscribing to A+ Investor.

Santacruz Silver Mining Ltd.’s Value Grade

Value Grade:

Santacruz Silver Mining Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, production, and operation of mineral properties in Latin America. The company primarily explores for silver and zinc, as well as lead and copper deposits. It also holds a portfolio of mineral properties in Mexico and Bolivia. The company is headquartered in Vancouver, Canada.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Santacruz Silver Mining Ltd. has a Value Score of 59, which is considered to be fairly valued.

Santacruz Silver Mining Ltd.’s price-earnings ratio is 12.5 compared to the industry median at 19.0. This means that it has a lower price relative to its earnings compared to its peers. This makes Santacruz Silver Mining Ltd. more attractive for value investors.

Santacruz Silver Mining Ltd.’s price-to-book ratio is lower than its peers. This could make Santacruz Silver Mining Ltd. more attractive for value investors when compared to the industry median at 3.27.

You can read more about Santacruz Silver Mining Ltd.’s key financial metrics like shareholder yield, price-to-free-cash-flow and EV/EBITDA ratio, or learn more about its Momentum and Growth Grades, by subscribing to A+ Investor.

SSR Mining Inc.’s Value Grade

Value Grade:

SSR Mining Inc., together with its subsidiaries, engages in the acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. It holds interests in the Çöpler located in Erzincan province, Turkey; the Marigold situated in Nevada, the United States; the Seabee located in Saskatchewan, Canada; and the Puna situated in Jujuy province, Argentina. The company was formerly known as Silver Standard Resources Inc. and changed its name to SSR Mining Inc. in August 2017. SSR Mining Inc. was incorporated in 1946 and is based in Denver, Colorado.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

SSR Mining Inc. has a Value Score of 61, which is considered to be undervalued.

SSR Mining Inc.’s price-earnings ratio is 11.4 compared to the industry median at 19.0. This means that it has a lower price relative to its earnings compared to its peers. This makes SSR Mining Inc. more attractive for value investors.

SSR Mining Inc.’s price-to-book ratio is higher than its peers. This could make SSR Mining Inc. less attractive for value investors when compared to the industry median at 3.27.

You can read more about SSR Mining Inc.’s key financial metrics like shareholder yield, price-to-free-cash-flow and EV/EBITDA ratio, or learn more about its Momentum and Growth Grades, by subscribing to A+ Investor.

Other Metals & Mining Stock Grades

Value is just one of the five Stock Grades included in our A+ Investor service. AAII members can see the top-graded stocks—those with grades of A or B for value, growth, momentum, earnings estimate revisions and quality—on the A+ Stock Grades Screener.

Also, if you want full access to all of AAII’s premium services, you can subscribe to one convenient bundled plan called AAII Platinum where you can try out A+ Investor, AAII Dividend Investing, the Stock Superstars Report, Growth Investing and VMQ Stocks. With the other premium services, you can dive deep into additional metrics, portfolios, commentary and information about Metals & Mining stocks as well as other industrys.

Choosing Which of the 5 Best Metals & Mining Stocks Is Right for You

Choosing which value stocks to invest in will ultimately depend on your individual goals and allocation; however, comparing similar value stocks in the same industry can help you analyze which might be better investments for you in the long run. So, let’s take a look at the Value Grade for all of our stocks.

• Compañía de Minas Buenaventura S.A.A. stock has a Value Grade of B.
• Constellium SE stock has a Value Grade of B.
• Nexa Resources S.A. stock has a Value Grade of B.
• Santacruz Silver Mining Ltd. stock has a Value Grade of C.
• SSR Mining Inc. stock has a Value Grade of B.

Now that you have a bit more background about each of the 5 undervalued stocks in the Metals & Mining industry as well as their overall grades, it’s time for you to conduct additional research to see if these could fit your portfolio needs based on your goals and risk tolerance. AAII can help you figure out both and identify which investments align with what works best for you.

We do so through a program of education that teaches you to invest for yourself and become an effective manager of your own wealth—no more relying on others for your financial independence. You can rely on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis that makes you a better investor.

A+ Investor adds to that qualitative teaching by giving you a powerful data suite that helps you whittle down investment decisions to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

Additional Resources About Metals & Mining Stocks

Want to learn more about Metals & Mining stocks to see if they could be the right investment for you? Check out some additional resources and articles to help you on your financial journey.

• 5 Undervalued Metals & Mining Stocks for Thursday, May 28
• Is BHP Group Limited (BHP) Overvalued?
• Is Rio Tinto Group (RIO) Overvalued?
• Is Southern Copper Corporation (SCCO) Overvalued?

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith and we accept no liability for any errors or omissions. The full disclaimer can be read here.