5 Best Copper Stocks to Buy Now

4. Rio Tinto Group (NYSE:RIO)

Number of Hedge Fund Holders: 24

Rio Tinto Group (NYSE:RIO) is a metals and mining company headquartered in London. The company produces aluminum, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium and is among the best copper stocks. Rio Tinto Group (NYSE:RIO) pays its dividends semi-annually and has a massive dividend yield of 9.7% as of November 3.

On September 22, Rio Tinto Group (NYSE:RIO) signed a memorandum of understanding with Shougang Group, one of the world’s top steel producers, to promote research, design, and implementation of low-carbon solutions for the steel value chain. The company has a nearly 30-year relationship with Shougang Group as a trade and technical partner.

In Q2 2022, Fisher Asset Management increased its holdings in Rio Tinto Group (NYSE:RIO) by 6% and was the most prominent shareholder in the quarter. The firm owned over 14.8 million shares of the company, valued at $905.659 million.