5 Value Stocks In The Basic Materials Sector

The Meaning Behind Value Stocks

A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.

Benzinga Insights has compiled a list of value stocks in the basic materials sector that may be worth watching:

1. ICL Group ICL - P/E: 4.52
2. Ero Copper ERO - P/E: 8.7
3. Cleveland-Cliffs CLF - P/E: 3.26
4. Intrepid Potash IPI - P/E: 1.42
5. Mercer Intl MERC - P/E: 2.61

ICL Group has reported Q3 earnings per share at $0.49, which has decreased by 15.52% compared to Q2, which was 0.58. Most recently, the company reported a dividend yield of 11.12%, which has decreased by 1.13% from last quarter's yield of 12.25%.

Ero Copper has reported Q3 earnings per share at $0.04, which has decreased by 85.19% compared to Q2, which was 0.27. Cleveland-Cliffs's earnings per share for Q3 sits at $0.29, whereas in Q2, they were at 1.31. The company's most recent dividend yield sits at 3.25%, which has increased by 0.33% from 2.92% last quarter.

This quarter, Intrepid Potash experienced a decrease in earnings per share, which was $1.82 in Q2 and is now $0.97. This quarter, Mercer Intl experienced a decrease in earnings per share, which was $1.07 in Q2 and is now $1.0. Most recently, the company reported a dividend yield of 2.06%, which has increased by 0.18% from last quarter's yield of 1.88%.

These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.