13 Best Magnesium Stocks to Invest in Now

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8. Materion Corporation (NYSE:MTRN)

Number of Hedge Fund Holders: 22

Materion Corporation (NYSE:MTRN)’s price objective was lifted to $117 from $115 on August 13 by KeyBanc, retaining an Overweight rating.

According to KeyBanc, the improvement provides strategic flexibility for the company’s expansion and reflects possible benefits from government investment targeted at increasing beryllium production for defense and nuclear uses.

Materion Corporation (NYSE:MTRN) creates precision filters, optical coatings, beryllium and beryllium composites, powders, precious and non-precious metals, inorganic compounds, and specialized manufactured alloys. The business is divided into four reportable segments: Precision Optics, Electronic Materials, Performance Materials, and Others. Its beryllium capabilities are essential to the nuclear and defense industries, supporting KeyBanc’s belief that government funding could boost production capacity and open up new revenue streams. It is ranked eighth on the list of the  Best Magnesium Stocks.

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