Based on key financial metrics such as the price-to-sales ratio, shareholder yield and the price-earnings ratio, the following 6 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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6 Undervalued Metals & Mining Stocks

Of course, there are countless value stocks that are worth mentioning, but this is a concise list of the top 6 undervalued stocks in the Metals & Mining industry for Tuesday, July 07, 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.

Barrick Mining Corporation’s Value Grade

Value Grade:

Barrick Mining Corporation engages in the exploration, development, production, and sale of mineral properties. It explores for gold, copper, silver, and energy materials. The company was formerly known as Barrick Gold Corporation and changed its name to Barrick Mining Corporation in May 2025. Barrick Mining Corporation was founded in 1983 and is based in Toronto, 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.

Barrick Mining Corporation has a Value Score of 73, which is considered to be undervalued.

When you look at Barrick Mining Corporation’s price-to-sales ratio at 3.40 compared to the industry median at 2.93, this company has a higher price relative to revenue compared to its peers. This could make Barrick Mining Corporation’s stock less attractive for value investors.

Barrick Mining Corporation’s price-earnings ratio is 10.60 compared to the industry median at 16.50. This means it has a lower share price relative to earnings compared to its peers. This could make Barrick Mining Corporation more attractive for value investors.

Now, let’s assess Barrick Mining Corporation’s EV/EBITDA ratio, also known as enterprise multiple. At 6.1, when compared to the industry median of 8.1, 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. Barrick Mining Corporation’s shareholder yield is higher than its industry median ratio of (9.10%). 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. Barrick Mining Corporation’s price-to-book ratio is lower than its industry median ratio of 2.83. This could make Barrick Mining Corporation more attractive to investors looking for a new addition to their portfolio.

Lastly, let’s take a look at Barrick Mining Corporation’s price-to-free-cash-flow ratio (P/FCF), which can indicate a company’s market value relative to its operating cash flow. Barrick Mining Corporation’s price-to-free-cash-flow ratio is lower than its industry median ratio of 23.00. This could make Barrick Mining Corporation more attractive because the lower P/FCF ratio indicates that Barrick Mining Corporation 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.

B2Gold Corp.’s Value Grade

Value Grade:

B2Gold Corp. operates as a gold producer company in Canada. The company operates the Fekola Mine in Mali; the Masbate Mine in the Philippines; the Otjikoto Mine in Namibia; the Goose Mine in Canada. It also owns 100% interest in the Gramalote gold project in Colombia. In addition, the company has a portfolio of other evaluation and exploration assets in Mali, Canada and Finland. The company was incorporated in 2006 and 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.

B2Gold Corp. has a Value Score of 83, which is considered to be undervalued.

B2Gold Corp.’s price-earnings ratio is 10.8 compared to the industry median at 16.5. This means that it has a lower price relative to its earnings compared to its peers. This makes B2Gold Corp. more attractive for value investors.

B2Gold Corp.’s price-to-book ratio is higher than its peers. This could make B2Gold Corp. less attractive for value investors when compared to the industry median at 2.83.

You can read more about B2Gold Corp.’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.

DRDGOLD Limited’s Value Grade

Value Grade:

DRDGOLD Limited, a gold mining company, engages in the extraction of gold from the retreatment of surface mine tailings in South Africa. It sells gold and silver bullion. It is involved in provision care and maintenance services; produces renewable power; employee home loans; and operation of training center. The company was formerly known as Durban Roodepoort Deep Limited and changed its name to DRDGOLD Limited in 2004. The company was incorporated in 1895 and is headquartered in Johannesburg, South Africa. DRDGOLD Limited is a subsidiary of Sibanye Gold Limited.

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.

DRDGOLD Limited has a Value Score of 83, which is considered to be undervalued.

DRDGOLD Limited’s price-earnings ratio is 9.9 compared to the industry median at 16.5. This means that it has a lower price relative to its earnings compared to its peers. This makes DRDGOLD Limited more attractive for value investors.

DRDGOLD Limited’s price-to-book ratio is lower than its peers. This could make DRDGOLD Limited more attractive for value investors when compared to the industry median at 2.83.

You can read more about DRDGOLD Limited’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.

Newmont Corporation’s Value Grade

Value Grade:

Newmont Corporation operates as a gold producer. It also explores for copper, silver, lead, zinc, and other metals. It has operations and/or assets in the United States, Papua New Guinea, Australia, Ghana, Suriname, Argentina, Dominican Republic, Chile, Peru, Ecuador, Mexico, and Canada. The company was founded in 1916 and is headquartered 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.

Newmont Corporation has a Value Score of 70, which is considered to be undervalued.

Newmont Corporation’s price-earnings ratio is 12.8 compared to the industry median at 16.5. This means that it has a lower price relative to its earnings compared to its peers. This makes Newmont Corporation more attractive for value investors.

Newmont Corporation’s price-to-book ratio is lower than its peers. This could make Newmont Corporation more attractive for value investors when compared to the industry median at 2.83.

You can read more about Newmont Corporation’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 62, which is considered to be undervalued.

SSR Mining Inc.’s price-earnings ratio is 11.7 compared to the industry median at 16.5. 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 2.83.

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.

Teck Resources Limited’s Value Grade

Value Grade:

Teck Resources Limited engages in research, exploration, development, processing, smelting, refining, and reclamation of mineral properties in Asia, the Americas, and Europe. It operates through Copper and Zinc segments. The company offers copper, zinc, and lead concentrates, as well as refined zinc, lead, and silver. It also produces lead, precious metals, molybdenum, fertilizers, and other metals; and sells refined metals or concentrates. In addition, it explores for gold. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1913 and is based 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.

Teck Resources Limited has a Value Score of 60, which is considered to be fairly valued.

Teck Resources Limited’s price-earnings ratio is 22.8 compared to the industry median at 16.5. This means that it has a higher price relative to its earnings compared to its peers. This makes Teck Resources Limited less attractive for value investors.

Teck Resources Limited’s price-to-book ratio is higher than its peers. This could make Teck Resources Limited less attractive for value investors when compared to the industry median at 2.83.

You can read more about Teck Resources Limited’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 6 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.

• Barrick Mining Corporation stock has a Value Grade of B.
• B2Gold Corp. stock has a Value Grade of A.
• DRDGOLD Limited stock has a Value Grade of A.
• Newmont Corporation stock has a Value Grade of B.
• SSR Mining Inc. stock has a Value Grade of B.
• Teck Resources Limited stock has a Value Grade of C.

Now that you have a bit more background about each of the 6 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.

• 6 Undervalued Metals & Mining Stocks for Monday, July 06
• Is BHP Group Limited (BHP) Overvalued?
• Is Rio Tinto Group (RIO) Overvalued?
• Is Southern Copper Corporation (SCCO) Overvalued?

AAII Disclaimer

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