5 Best Commodity Stocks To Buy Now

3. Rio Tinto Group (NYSE: RIO)

Number of Hedge Fund Holders: 26

Anglo-Australian Rio Tinto is one of the biggest commodities miner in the world, dealing in iron ore, copper, diamonds, gold and uranium. Rio Tinto is also a great investment option for income investors. In February 2021, the company posted strong quarterly results, driven by an upbeat demand of iron ore from China. The company also announced that it would pay a final dividend of $5 billion and a special dividend of $1.5 billion. The total shareholder payout for 2020 was $9 billion, the biggest in the company’s history.

A total of 26 hedge funds tracked by Insider Monkey were bullish RIO at the end of the fourth quarter, up from 23 funds a quarter earlier.