5 Best Lithium and Phosphate Stocks to Buy Now

4. FMC Corporation (NYSE: FMC)

Number of Hedge Fund Holders: 32

FMC Corporation (NYSE: FMC) is placed fourth on our list of 10 best lithium and phosphate stocks to buy now. The company markets crop protection chemicals and is based in Pennsylvania. Lithium and phosphate compounds are used in many products that the firm makes and sells. The firm was founded in 1883 and has a market cap of more than $12 billion. In earnings results for the second quarter, posted on August 3, the firm reported a revenue of $1.2 billion, up 6% year-on-year and beating estimates by $10 million. 

On August 5, investment advisory Wells Fargo maintained an Overweight rating on FMC Corporation (NYSE: FMC) stock but lowered the price target to $115 from $133, noting that the 2021 outlook was discounted into the shares and the firm was feeling inflationary pressure.

Out of the hedge funds being tracked by Insider Monkey, New York-based firm DE Shaw is a leading shareholder in FMC Corporation (NYSE: FMC) with 1 million shares worth more than $116 million.