5 Best Aluminum and Aluminum Mining Stocks To Buy

In this piece, we will take a look at the five best aluminum and aluminum mining stocks to buy. If you want to skip our introduction to the aluminum industry, then check out 10 Best Aluminum and Aluminum Mining Stocks To Buy.

5. Constellium SE (NYSE:CSTM)

Number of Hedge Fund Investors In Q2 2023: 27

Constellium SE (NYSE:CSTM) is a French company that provides manufactured aluminum products for industrial use. The firm scored a win in September when it announced that its facilities in the U.S. that manufacture aluminum sheets have cleared environmental sustainability certifications.

During Q2 2023, 27 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in Constellium SE (NYSE:CSTM). Out of these, the firm’s biggest shareholder is Jared Nussbaum’s Nut Tree Capital since it owns four million shares that are worth $68.8 million.

[company-follow-email-id=1563411][/company-follow-email]

4. Rio Tinto Group (NYSE:RIO)

Number of Hedge Fund Investors In Q2 2023: 29

Rio Tinto Group (NYSE:RIO) is one of the largest aluminum producers in the world. The firm is also focusing on reducing the impact of its aluminum processing operations, and it estimates that the impairment charges from making its Australian facilities environmentally friendly run into hundreds of millions of dollars.

As of June 2023, 27 hedge funds among the 910 profiled by Insider Monkey had bought the firm’s shares. Rio Tinto Group (NYSE:RIO)’s largest hedge fund investor is Ken Fisher’s Fisher Asset Management since it owns 163,710 shares that are worth $11.7 million through a stake worth $950 million.

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.

2. Crown Holdings, Inc. (NYSE:CCK)

Number of Hedge Fund Investors In Q2 2023: 41

Crown Holdings, Inc. (NYSE:CCK) is the second aluminum end products manufacturer on our list. It sells aluminum cans, lids, and other associated items. The firm has beaten analyst EPS estimates in three of its four latest quarters and analysts have penned in a $17 upside based on the average share price target.

After digging through 910 hedge funds for their June quarter of 2023 investments, Insider Monkey discovered that 41 had held a stake in the company. Crown Holdings, Inc. (NYSE:CCK)’s largest shareholder among these is Lauren Taylor Wolfe’s Impactive Capital since it owns 2.9 million  shares that are worth $256 million.

1. Apollo Global Management, Inc. (NYSE:APO)

Number of Hedge Fund Investors In Q2 2023: 62

While Apollo Global Management, Inc. (NYSE:APO) is a financial investment firm, it makes it to the top of our list since it acquired the aluminum company Arconic Corporation in August 2023. Arconic manufactures aluminum end products and the deal cost Apollo Global $5.2 billion.

62 out of the 910 hedge funds part of Insider Monkey’s Q2 2023 database are Apollo Global Management, Inc. (NYSE:APO)’s shareholders.

Disclosure: None. You can also take a look at 10 Best Lithium ETFs and Rare Earth Metals Production By Country: Top 10 Countries.

Follow Insider Monkey on Twitter