The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Newmont Corporation (NYSE:NEM)

• Newmont appointed Karyn Ovelman Executive Vice President and CFO. "Karyn brings a breadth of global experience operating in complex financial environments and has proven leadership and commercial capabilities to enable success during periods of transformation. Karyn is uniquely qualified to ensure our financial approach underpins the safe delivery of long term value to all our stakeholders through sustainable and responsible mining." stated Tom Palmer, President and CEO. The company’s stock has a 52-week low of $37.45 .
• RSI Value: 29.46
• NEM Price Action: Shares of Newmont gained 1.4% to close at $40.55 on Wednesday.

FMC Corporation (NYSE:FMC)

• FMC reported mixed first-quarter financial results and issued guidance. "FMC delivered a solid first quarter with strong pricing actions, growth of new products and cost discipline driving margin expansion. New product growth and expanded market access contributed to robust North America sales, which helped offset volume headwinds in other regions," said Mark Douglas, FMC president and chief executive officer. The company’s stock has a 52-week low of $98.24.
• RSI Value: 26.24
• FMC Price Action: Shares of FMC fell 0.1% to close at $ 104.08 on Wednesday.

Gatos Silver, Inc. (NYSE:GATO)

• Gatos Silver, last month, received NYSE's non-compliance notice for failing to file its 10K in time. The company’s stock has a 52-week low of $2.20.
• RSI Value: 23.05
• GATO Price Action: Shares of Gatos Silver fell 0.4% to close at $4.50 on Wednesday.

Koppers Holdings Inc. (NYSE:KOP)

CF Industries Holdings, Inc. (NYSE:CF)

• CF Industries posted upbeat first-quarter results. The company has a 52-week low of $60.44.
• RSI Value: 27.62
• CF Price Action: Shares of CF Industries fell 0.8% to close at $61.51 on Wednesday.

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