Five Uranium Stocks to Buy According to Hedge Funds

The popularity of AngloGold Ashanti Limited (ADR) (NYSE:AU) among elite hedge funds has increased during the previous quarter, as the number of hedge funds bullish on the stock appreciated to 19 at the end of December, from 15 at the end of September. Together, these funds have control over roughly 11% of the company’s common stock. John Paulson‘s Paulson & Co holds the largest stake in AngloGold Ashanti Limited (ADR) (NYSE:AU) among the funds tracked by Insider Monkey, having reported ownership of 22.9 million shares, down by 9% over the quarter. John Burbank, on the other hand, chose to up his interest, boosting his stake by 136% to amass 12.7 million shares. The South African company is mainly focused on its gold mining business and has posted a profit of $0.16 per share for the fourth quarter, beating analysts’ expectations of $0.05 per share. The management of AngloGold Ashanti Limited (ADR) (NYSE:AU) has recently increased efforts to reduce the debt load and improve margins, having reported a 30% reduction in its net debt for 2015.

Head to the next page to find out more about three other companies engaged in the uranium business.

BHP Billiton Limited (ADR) (NYSE:BHP) has received a boost of confidence from the hedge fund community, as the number of long positions reported by top funds at the end of December rose to 14, from just 4 a quarter before. Simon Sadler, the manager of Segantii Capital, is betting big on BHP Billiton Limited (ADR) (NYSE:BHP), having invested nearly 18% of his capital in this stock. Segantii Capital reportedly holds 2.8 million shares worth approximately $73.2 million. Dmitry Balyasny also believes the stock has great upside potential, having initiated a position during the quarter, amassing exactly 500,000 shares valued at $12.9 million. According to a recent report by The Wall Street Journal, BHP CEO Andrew Mackenzie is hungry for acquisitions, as the world’s largest coal miner by market cap is looking to expand into petroleum and copper business. BHP Billiton Limited (ADR) (NYSE:BHP) expects commodities’ prices to stay at the newly reached lows for a long time and is looking for assets that will have an immediate impact on the bottom line.