10 Best Metal Stocks to Buy Right Now

8. Commercial Metals Company (NYSE:CMC)

Number of Hedge Fund Holders: 31

Commercial Metals Company (NYSE:CMC) is one of the best metal stocks to buy right now. On December 30, Goldman Sachs raised the price target for Commercial Metals Company (NYSE:CMC) to $84 from $76 and reiterated a Buy rating. The price target hike comes on the company revising its EBITDA estimates for 2026 by 6%, for 2027 by 13%, and for 2028 by 10%.

The new EBITDA estimates reflect mark-to-market pricing and contributions of the Foley Products acquisition. With the acquisition, it expanded its presence into the precast concrete and pipe products market. According to the investment bank, the company boasts a market-leading position in steel rebar, ranking first in the United States and Poland.

Goldman Sachs has also touted Commercial Metals’ prospects, citing its expansion into non-steel construction products and services. The purchase of Concrete Pipe & Precast for $675 million expands the company’s footprint into the Mid Atlantic and South Atlantic regions. It is also well-positioned financially to pursue additional acquisitions in concrete pipe and precast concrete. It has already increased its revolving credit facility to $1 billion, enhancing financial flexibility.

Commercial Metals Company (NYSE:CMC) is a global leader in sustainable steelmaking, specializing in recycling scrap metal to produce long steel products like rebar, merchant bar, and wire rod. It also provides construction solutions, including rebar fabrication, soil stabilization (Tensar), and performance steel.