5 Best Gold Stocks To Buy For Recession

In this article, we discuss the 5 best gold stocks to buy for recession. If you want to read about some more gold stocks, go directly to 13 Best Gold Stocks To Buy For Recession.

5. Rio Tinto Group (NYSE:RIO)

Number of Hedge Fund Holders: 26     

Rio Tinto Group (NYSE:RIO) engages in exploring, mining, and processing mineral resources worldwide.

On November 23, Deutsche Bank analyst Liam Fitzpatrick maintained a Hold rating on Rio Tinto Group (NYS:ERIO) stock and raised the price target to 5,800 GBP from 5,700 GBP, noting that the company’s production growth has ground to a halt over the past three years and when global demand turns back up, the market will again be faced with low inventories, inelastic supply and incentive level prices.

Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Rio Tinto Group (NYSE:RIO) with 14.2 million shares worth more than $779 million.