12 Best Nickel Stocks to Buy According to Hedge Funds

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4. Vale S.A. (NYSE:VALE)

Number of Hedge Fund Holders: 36

Vale S.A. (NYSE:VALE) is one of the leading metal miners and a mining corporation established in Brazil. One of the firm’s specialties is nickel, making it among the Best Nickel Stocks. According to the business, it has surpassed Russia’s Norilsk Nickel, which is currently facing sanctions for the invasion of Ukraine, to become the world’s largest producer of nickel.

Vale S.A. (NYSE:VALE) has a long history of being a leading supplier, refiner, and carrier of metals like nickel. Its stock is worth considering for investors seeking exposure to this essential component of the manufacturing industry. Despite being a cyclical company, it makes excellent profit margins that are utilized to increase shareholder value through stock repurchases and dividend payments.

Despite the decline in iron ore prices, Vale S.A. (NYSE:VALE) showed resiliency in its financial performance for the fourth quarter that concluded on December 31, 2024. The company’s reported net operating revenue for this period was $10.12 billion, down from $13.05 billion in 2023. Nonetheless, the fall in iron ore was offset by strong growth in the base metals segment. Furthermore, higher production at the Salobo mine increased copper income to $964 million, while the Onça Puma mine’s consistent output kept nickel revenue at $1.07 million.

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