13 Best Magnesium Stocks to Buy Right Now

1. Martin Marietta Materials, Inc. (NYSE:MLM)

Number of Hedge Fund Holders: 54

Martin Marietta Materials, Inc. (NYSE:MLM) is a dominant dealer of building materials in the U.S. and has a strong presence in the magnesium market through its Magnesia Specialties division. This division generates high-purity magnesia and dolomitic lime products used worldwide in environmental, agricultural, industrial, and specialty applications, including paper production, wastewater treatment, pulp, and flame retardants.

Martin Marietta Materials, Inc. (NYSE:MLM) achieved outstanding overall performance in 2024, despite the challenging market conditions. The company recorded consolidated adjusted EBITDA of $545 million in Q4 ended December 31, 2024, which is an 8% rise, with margins increasing by 210 basis points to 33%. Its Magnesia Specialties yielded all-time high revenues of $320 million and gross profit of $107 million, indicating a rise of 2% and 10%, respectively, which signifies the segment’s value within Martin Marietta’s broad portfolio.

Furthermore, Martin Marietta Materials, Inc. (NYSE:MLM) accomplished $6 billion worth of transactions, including three bolt-on acquisitions in Texas, Florida, and California, while divesting non-core assets valuing $2 billion. Its long-term profitability was solidified by these tactical moves as it expanded its aggregate reserve by 1 billion tons. Additionally, volume stability was backed by Amazon warehouse developments, strong demand from infrastructure projects, and data center expansions.

Moving forward, Martin Marietta Materials, Inc. (NYSE:MLM) predicts a 4% rise in aggregate shipments and a 6.5% pricing increase for 2025, with adjusted EBITDA anticipated to reach $2.25 billion, a 9% increase over 2024. MLM remains an appealing choice among the best magnesium stocks due to its strategic market positioning, growing infrastructure investment, and increasing data center construction.

Overall, Martin Marietta Materials, Inc. (NYSE:MLM) ranks first on our list of the 13 Best Magnesium Stocks to Buy Right now. While we acknowledge the potential of MLM, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MLM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.