5 Best Mineral Stocks To Buy Now

In this piece, we will take a look at the five best mineral stocks to buy now. If you want to learn more details about the mineral and mining industry, then take a look at 12 Best Mineral Stocks To Buy Now.

5. Constellium SE (NYSE:CSTM)

Number of Hedge Fund Investors In Q3 2023: 29

Constellium SE (NYSE:CSTM) is the first aluminum company on our list. The firm has been facing troubles on the financial front this year, as slowing global economic output and inflation have led to it missing analyst EPS estimates in several quarters. However, the stock is rated Strong Buy on average and analysts have set an average share price target of $23.15.

During Q3 2023, 29 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in Constellium SE (NYSE:CSTM). Jared Nussbaum’s Nut Tree Capital was the firm’s largest shareholder as it owned 3.6 million shares that were worth $65.5 million.

4. Albemarle Corporation (NYSE:ALB)

Number of Hedge Fund Investors In Q3 2023: 37

Albemarle Corporation (NYSE:ALB) is a chemicals company that is best known for its crucial role in the lithium supply chain for batteries. The firm’s shares were under stress in November 2023 after investment bank UBS downgraded them to Neutral from Buy on the back of lower lithium prices.

As of this year’s third quarter, 37 out of the 910 hedge funds surveyed by Insider Monkey were the firm’s investors. Albemarle Corporation (NYSE:ALB)’s biggest hedge fund investor is Philippe Laffont’s Coatue Management due to its $100 million stake.

3. Agnico Eagle Mines Limited (NYSE:AEM)

Number of Hedge Fund Investors In Q3 2023: 38

Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian gold mining company with a global operations base. While the firm has beaten analyst EPS estimates in only two out of its four latest quarters, the stock is rated Strong Buy on average and analysts have set an average share price target of $65.43.

Insider Monkey took a look at 910 hedge fund portfolios for their September quarter of 2023 shareholdings and found that 38 had bought and owned Agnico Eagle Mines Limited (NYSE:AEM)’s shares. Out of these, the largest shareholder was Jean-Marie Eveillard’s First Eagle Investment Management due to its $283 million investment.

2. Freeport-McMoRan Inc. (NYSE:FCX)

Number of Hedge Fund Investors In Q3 2023: 73

Freeport-McMoRan Inc. (NYSE:FCX) is an American copper miner headquartered in Phoenix, Arizona. Its shares have been doing well in November 2023, as they have been buoyed by rising copper prices partly due to growing demand from China.

By the end of 2023’s third quarter, 73 out of the 910 hedge funds profiled by Insider Monkey had held a stake in the firm. Freeport-McMoRan Inc. (NYSE:FCX)’s biggest hedge fund investor is Ken Fisher’s Fisher Asset Management as it owns $2 billion worth of shares.

1. Teck Resources Limited (NYSE:TECK)

Number of Hedge Fund Investors In Q3 2023: 75

Teck Resources Limited (NYSE:TECK) is a Canadian copper and zinc company. The firm is currently looking to boost its cash liquidity and focus on the future by selling its Canadian coal mines to the Swiss commodities giant Glencore.

During Q3 2023, 73 out of the 910 hedge funds part of Insider Monkey’s database had bought Teck Resources Limited (NYSE:TECK)’s shares. Eric W. Mandelblatt’s Soroban Capital Partners owned the largest stake among these which was worth $433 million.

Disclosure: None. You can also take a look at 11 Cheapest Stocks With Biggest Upside and 13 Best Growth Stocks To Buy According To George Soros.

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