Best Greenblatt Magic Formula Stocks in Other Industrial Metals & Mining for 2026
High earnings yield plus high ROIC: Joel Greenblatt's Magic Formula for market-beating returns.
Other Industrial Metals and Mining covers copper, zinc, nickel, and other base-metal miners. Cycle-driven earnings make headline Valuation noisy, so composite ranking leans on the Health pillar (net debt to EBITDA through the cycle) and the Quality pillar (cost-curve positioning proxied by gross margin) to separate structurally advantaged operators.
Data as of (updated daily)
Top 20 Other Industrial Metals & Mining stocks by ROIC
| # | Ticker | Name | ROIC |
|---|---|---|---|
| 1 | EUR.AU | European Lithium Ltd | 80.4% |
| 2 | APH.JSE | Alphamin Resources Corporation CDR (CAD Hedged) | 70.6% |
| 3 | NMG.AU | New Murchison Gold Ltd | 68.4% |
| 4 | 3858.HK | Jiaxin Intl Resources Invest | 58.6% |
| 5 | MLX.AU | Metals X Ltd | 46.5% |
| 6 | 600961.SHG | Zhuzhou Smelter Group Co Ltd | 42.4% |
| 7 | BHP.US | BHP Group Limited | 37.1% |
| 8 | DKFT.JK | Central Omega Resources Tbk PT | 32.5% |
| 9 | RHI.AU | Red Hill Minerals Ltd | 30.6% |
| 10 | 3993.HK | CMOC Group Ltd | 30.6% |
| 11 | AMI.AU | Aurelia Metals Ltd | 28.8% |
| 12 | VEDL.NSE | Vedanta Limited | 28.7% |
| 13 | BHP.AU | BHP Group Ltd | 28.4% |
| 14 | RIO.US | Rio Tinto ADR | 26.1% |
| 15 | RIO1.XETRA | Rio Tinto Group | 26.1% |
| 16 | RIO.LSE | Rio Tinto PLC | 26.0% |
| 17 | BHP.LSE | BHP Group Limited | 25.9% |
| 18 | RIOT34.SA | Rio Tinto Group | 25.8% |
| 19 | FMG.AU | Fortescue Ltd | 25.0% |
| 20 | 603993.SHG | China Molybdenum Co Ltd Class A | 24.3% |
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Methodology: How we score stocks. Data refreshed nightly around 03:30 ET. This page lists the top 20 by ROIC within the Other Industrial Metals & Mining industry; use the screener for the full ranked list.