5 Best Metal Stocks To Invest In

3. MP Materials Corp. (NYSE:MP)

Number of Hedge Fund Holders: 20   

MP Materials Corp. (NYSE: MP) features on our list of top metal stocks because the company is one of the largest players in the rare earths mining business. The rare earth metals are fast becoming a very expensive commodity and are used in a variety of products, including vehicles, airplanes, and mobile phones, among others. MP recently beat market estimates on earnings per share and revenue for the third quarter. 

On October 26, investment advisory JPMorgan maintained an Overweight rating on MP Materials Corp. (NYSE:MP) stock with a price target of $45, appreciating the “solid” earnings beat of the firm in the third quarter and noting that rare earth prices could climb higher in the coming months. 

At the end of the second quarter of 2021, 20 hedge funds in the database of Insider Monkey held stakes worth $2.5 billion in MP Materials Corp. (NYSE:MP).