5 Best Aluminum and Aluminum Mining Stocks To Buy

3. Alcoa Corporation (NYSE:AA)

Number of Hedge Fund Investors In Q2 2023: 34

Alcoa Corporation (NYSE:AA) is the largest aluminum producer in the world. Like several other aluminum stocks, the firm isn’t seeing any love from Wall Street lately as investment bank JPMorgan lowered the firm’s share price target to $28 from $35 in September 2023.

During this year’s second quarter, 34 hedge funds out of the 910 tracked by Insider Monkey were Alcoa Corporation (NYSE:AA)’s investors. Patrick Degorce’s Theleme Partners is the biggest stakeholder among these since it owns $144 million worth of shares.

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