5 Best Mining Stocks Hedge Funds Are Buying

In this piece, we will take a look at the five best mining stocks hedge funds are buying. If you want to take a deeper look at the mining industry, head on over to 12 Best Mining Stocks Hedge Funds Are Buying.

5. Arch Resources, Inc. (NYSE:ARCH)

Number of Hedge Fund Investors In Q1 2023: 42

Arch Resources, Inc. (NYSE:ARCH) is a coal mining company with operations primarily in America. The firm’s shares are up by more than 300% over the past three years but have lost some of the gains this year. Despite this, the average share price target is $168, significantly higher than the $111 share price.

42 of the 943 hedge funds part of Insider Monkey’s database had bought Arch Resources, Inc. (NYSE:ARCH)’s shares during this year’s March quarter.