5 Best Mineral Stocks To Buy Now

3. Albemarle Corporation (NYSE:ALB)

Number of Hedge Fund Holders: 28    

Albemarle Corporation (NYSE:ALB) develops and markets specialty chemicals that include lithium compounds, an important commodity in the world economy as EV adoption accelerates. The company recently posted earnings for the third quarter, reporting earnings per share of $1.05, beating market predictions by $0.28. The revenue over the period was $830 million, smashing estimates by $66 million. 

Analysts are also bullish on Albemarle Corporation (NYSE:ALB) stock, with Bank of America, Mizuho, and Oppenheimer all raising the targets on the shares recently. The company has also boosted guidance for the fiscal year as lithium demand skyrockets. 

At the end of the second quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $165 million in Albemarle Corporation (NYSE:ALB), down from 31 the preceding quarter worth $262 million.