5 Best Metal Stocks to Invest In

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In this article, we will be taking a look at the 5 best metal stocks to invest in. To read our detailed analysis of these stocks and the metals sector, you can go directly to see the 11 Best Metal Stocks to Invest In.

5. Reliance Steel & Aluminum Co. (NYSE:RS)

Number of Hedge Fund Holders: 28

Reliance Steel & Aluminum Co. (NYSE:RS) is a diversified metal solutions provider. It is also the metals service center company in the US, Canada, and internationally. The company is based in Los Angeles, California.

On August 15, Katja Jancic at BMO Capital initiated coverage of Reliance Steel & Aluminum Co. (NYSE:RS) shares with an Outperform rating. The analyst also placed a $230 price target on the stock.

Reliance Steel & Aluminum Co. (NYSE:RS) has a dividend yield of 1.9% as of October 9. The company has also managed to raise its dividend consistently over the past 11 years.

There were 28 hedge funds long Reliance Steel & Aluminum Co. (NYSE:RS) in the second quarter. Their total stake value was $618 million.

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