5 Best Coal Mining Stocks To Buy Today

In this article, we discuss 5 best coal mining stocks to buy today. If you want to see more stocks in this selection, check out 11 Best Coal Mining Stocks To Buy Today. 

5. BHP Group Limited (NYSE:BHP)

Number of Hedge Fund Holders: 28

BHP Group Limited (NYSE:BHP) is a resources company that operates in Australia, Europe, China, Japan, India, South Korea, and North and South America. The company operates through three segments – Copper, Iron Ore, and Coal. Its activities include mining various minerals such as copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal. The company was established in 1851 and is headquartered in Melbourne, Australia. It is one of the best coal stocks to invest in. 

On March 13, JPMorgan raised the firm’s price target on BHP Group Limited (NYSE:BHP) to 2,550 GBp from 2,510 GBp and kept a Neutral rating on the shares.

According to Insider Monkey’s fourth quarter database, 28 hedge funds were bullish on BHP Group Limited (NYSE:BHP), compared to 20 funds in the earlier quarter. John Overdeck and David Siegel’s Two Sigma Advisors is the biggest position holder in the company, with 757,100 shares worth $47 million. 

In its Q1 2021 investor letter, Harding Loevner, an asset management firm, highlighted a few stocks and BHP Group Ltd. (NYSE:BHP) was one of them. Here is what the fund said:

“Our purchase of Australian mining company BHP Group Ltd. (NYSE:BHP) is an example of a quality company at a moderate valuation that should deliver attractive long-term returns. We believe the market has undervalued its enduring competitive advantage due to its low cost iron and copper mining operations which has allowed the company to deliver consistent profits and cash flows across the inevitable ups and downs of the global metals cycle. While the variability of commodity prices prevents BHP from scoring in the top ranks of measured quality, we are willing to bear some of that uncertainty in return for a more attractive valuation given the company’s strong business fundamentals.”