5 Best Mining Stocks to Buy Now

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Below we presented the list of 5 Best Mining Stocks to Buy Now. For our detailed discussion and a more comprehensive list please see 12 Best Mining Stocks to Buy Now.

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind let’s take a look at the best mining stocks to buy:

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

No of HFs: 30

Total Value of HF Holdings: $267 Million

The metal solutions provider, RS is the 5th best mining stock to buy now. RS shares currently trade at $124. At the end of September, a total of 30 hedge funds tracked by Insider Monkey were long this stock. One of the biggest hedge funds saving stakes in the company is Royce and Associates which had $52 million invested in the stock at the end of September. They recently entered into an amended and restated $1.5 billion credit facility. The facility includes an increase option for up to an additional $1.0 billion and allows for prepayments.

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