THE CB HOTLIST

These metals stocks will shine when prices begin to recover

BHP Billiton Ltd. (NYSE: BHP) P/E: N/A | Yield: 8.3% 33% 1-year total return (C$): This miner based in Melbourne, Australia, is a diversified, lowcost operator with a relatively clean balance sheet. It will be one of the first stocks to bounce back when metal prices improve.

HudBay Minerals Inc. (TSX: HBM) P/E: 174.4 | Yield: 0.3% 18% 1-year total return (C$): Toronto-based HudBay produces copper, a commodity Steve Land at Franklin Equity Group thinks is poised for a rebound. The company recently opened a mine in Peru.

Lundin Mining Corp. (TSX: LUN) P/E: 14.8 | Yield: N/A 25% 1-year total return (C$): Lundin mines copper, zinc and nickel at a low cost. The Toronto-based mid-cap company has little leverage and a strong growth profile going forward, Land says.

Nucor Corp. (NYSE: NUE) P/E: 21.7 | Yield: 3.6% 5% 1-year total return (C$): Based in Charlotte, N.C., Nucor is one steelmaker poised to benefit from strong auto demand and a better housing sector, says Matthew Miller at S&P Capital IQ. He expects earnings per share to grow by 90% in 2016 over this year.

Reliance Steel & Aluminum Co. (NYSE: RS) P/E: 12.3 | Yield: 2.7% 7% 1-year total return (C$): This Los Angeles company produces mostly specialized goods on short notice, making it less exposed to commodity swings. It has an attractive 2.5 times net debt to EBITDA.