5 Best Emerging Market Stocks to Buy Now

4. Vale S.A. (NYSE:VALE)

Number of Hedge Fund Holders: 27     

Vale S.A. (NYSE:VALE) produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking. It is one of the elite emerging market stocks to invest in. On October 13, Vale revealed its official first phase of its C$945 million Copper Cliff Complex South Mine Project. This will double the ore production at the Ontario mine. According to the company, phase 1 will supply low carbon nickel and other critical minerals.

On October 5, Deutsche Bank analyst Liam Fitzpatrick maintained a Hold rating on Vale (NYSE:VALE) stock and lowered the price target to $19 from $20, noting that the reduced target prices and earnings estimates in metals and mining reflect weakening demand and macro risks. 

At the end of the second quarter of 2022, 27 hedge funds in the database of Insider Monkey held stakes worth $1.8 billion in Vale S.A. (NYSE:VALE), compared to 27 in the previous quarter worth $2.4 billion.