5 Best Nickel Stocks to Buy Now

2. BHP Group (NYSE: BHP)

Number of Hedge Fund Holders: 18  

BHP Group (NYSE: BHP) is a natural resources company that engages in the mining and production of metals such as gold, silver, copper, zinc, and nickel. The company also smelts and refines nickel. The firm uses nickel sulphide and laterite ore to make nickel. It is placed second on our list of 10 best nickel stocks to buy now. The stock has returned 48% to investors in the past twelve months. The mining firm has a market cap of more than $161 billion and posted close to $43 billion in revenue last year. 

On June 16, news agency Reuters reported that mining firm Samarco had announced that it was expecting a debtor-in-possession loan worth $238 million from BHP Group (NYSE: BHP) and another big mining firm to maintain operations. BHP is a controlling shareholder in Samarco.

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in BHP Group (NYSE: BHP) with 7.9 million shares worth more than $553 million.