Metal Mining stocks: intrinsic value, ROIC & growth
31 U.S. metal mining companies with at least three years of SEC filings, ranked by size. 7 of the 10 with a current price trade below their Graham intrinsic value. The median company earned a -6.1% average return on invested capital and grew revenue 14.7% a year.
Updated October 18, 2026
31companies
7below Graham value
-6.1%median 10-yr ROIC
14.7%median revenue CAGR
Highest-ROIC metal mining stocks
| Ticker | Company | 10-yr ROIC | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| CLF | CLEVELAND-CLIFFS INC. | 23.7% | $12.12 | $25.91 | 53% below | $6.2B | 23.7% | 33.5% |
| SCCO | SOUTHERN COPPER CORP/ | 19.4% | $200.51 | $174.05 | 15% above | $165.7B | 19.4% | 10.7% |
| FCX | Freeport-McMoRan | 15.1% | $69.54 | $60.82 | 14% above | $100.3B | 15.1% | 6.3% |
| MP | MP Materials Corp. / DE | 9.8% | $40.17 | $4.65 | 764% above | $6.8B | 9.8% | 20.5% |
All metal mining stocks
| Ticker | Company | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|
| SCCO | SOUTHERN COPPER CORP/ | $200.51 | $174.05 | 15% above | $165.7B | 19.4% | 10.7% |
| FCX | Freeport-McMoRan | $69.54 | $60.82 | 14% above | $100.3B | 15.1% | 6.3% |
| MP | MP Materials Corp. / DE | $40.17 | $4.65 | 764% above | $6.8B | 9.8% | 20.5% |
| CLF | CLEVELAND-CLIFFS INC. | $12.12 | $25.91 | 53% below | $6.2B | 23.7% | 33.5% |
| IE | Ivanhoe Electric Inc. | $8.63 | — | — | $1.2B | -139.7% | -8.6% |
| TMC | TMC the metals Co Inc. | $2.58 | $17.54 | 85% below | $992.0M | 215.8% | — |
| LAC | LITHIUM AMERICAS CORP. | $2.18 | — | — | $531.2M | -35.8% | — |
| THM | INTERNATIONAL TOWER HILL MINES LTD | $2.17 | — | — | $451.1M | -7.7% | — |
| NB | NIOCORP DEVELOPMENTS LTD | $3.12 | — | — | $140.9M | -1523.5% | — |
| USAU | U.S. GOLD CORP. | $11.84 | $82.77 | 86% below | $135.3M | -90.4% | -30.9% |
| COBA | Chilean Cobalt Corp. | $2.30 | — | — | $104.4M | -140.0% | — |
| XTGRF | XTRA-GOLD RESOURCES CORP | $1.86 | — | — | $81.5M | -43.8% | 664.8% |
| GRNL | GREENLITE VENTURES INC | $1.88 | — | — | $78.4M | 361.7% | — |
| PZG | Paramount Gold Nevada Corp. | $1.06 | $5.54 | 81% below | $71.9M | -14.6% | 14.7% |
| THMG | THUNDER MOUNTAIN GOLD INC | $0.75 | — | — | $61.5M | 8.0% | -46.5% |
| COPR | Idaho Copper Corp | $2.59 | $20.95 | 88% below | $34.8M | 23.5% | -57.0% |
| WWR | WESTWATER RESOURCES, INC. | $0.40 | — | — | $34.4M | -79.5% | — |
| DYNR | DYNARESOURCE, INC. | $0.63 | $1.89 | 67% below | $23.9M | 371.0% | 22.4% |
| JAGU | Jaguar Uranium Corp. | $1.09 | — | — | $9.6M | -98.1% | — |
| ADMG | ADAMANT DRI PROCESSING & MINERALS GROUP | $0.13 | — | — | $7.1M | -62.0% | 244.8% |
| HNOI | HNO International, Inc. | $0.04 | — | — | $6.1M | 333.9% | 23.9% |
| LTUM | Lithium Corp | $0.05 | — | — | $6.0M | -153.4% | — |
| RYES | Rise Gold Corp. | $0.09 | — | — | $5.4M | -97.1% | — |
| ALOY | REALLOYS INC. | $7.23 | — | — | — | -54.7% | 43.4% |
| SVBL | SILVER BULL RESOURCES, INC. | $0.06 | — | — | $2.9M | 50.3% | — |
| MAGE | MAGELLAN COPPER & GOLD Corp | $0.09 | $2.40 | 96% below | $2.4M | 134.2% | -73.8% |
| FUST | FUSE GROUP HOLDING INC. | $0.08 | — | — | $1.1M | 327.5% | 6.9% |
| MINR | Minerva Gold Inc. | $0.13 | — | — | $853.4K | -6.1% | 28.9% |
| ACRL | Atacama Resources International, Inc. | $0.00 | — | — | — | 270.9% | — |
| RMESF | RED METAL RESOURCES, LTD. | $0.07 | — | — | — | 277.6% | 13.8% |
| SRGZ | Star Gold Corp. | $0.16 | — | — | — | -115.7% | — |
Stock lists
Undervalued Stocks Below Graham Intrinsic Value
Highest ROIC Stocks (10-Year Average)
Highest Free Cash Flow Yield Stocks
Fastest-Growing Stocks by 10-Year Revenue