5 Best Nickel Stocks to Buy Now

4. Schnitzer Steel Industries, Inc. (NASDAQ: SCHN)

Number of Hedge Fund Holders: 12  

Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) is a company that recycles various types of metals and markets finished metal products as well. It is placed fourth on our list of 10 best nickel stocks to buy now. The stock has returned 189% to investors in the past year. The company has gained importance in recent years as electric vehicles, which use nickel in EV batteries, gain traction. The firm is developing methods for the safe storage, collection, and sale of nickel for the EV industry through its recycling program. 

Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) stock is a good option for income investors who want steady payments on the side. On April 7, the firm declared a quarterly dividend of $0.1875 per share, in line with previous. The forward yield was 1.81%. 

At the end of the first quarter of 2021, 12 hedge funds in the database of Insider Monkey held stakes worth $15.3 million in Schnitzer Steel Industries, Inc. (NASDAQ: SCHN), up from 9 in the preceding quarter worth $19.9 million.