5 Best Potash Stocks to Buy

In this article, we will take a look at the 5 best potash stocks to buy. To skip our analysis of the recent trends, and market activity, you can go directly to see the 10 Best Potash Stocks to Buy.

5. BHP Group (NYSE:BHP)

Number of Hedge Fund Holders: 24

Based in Melbourne, Australian, BHP Group (NYSE:BHP) is a leading mining company with operations across copper, metallurgical coal, nickel, iron ore, and potash. The company produced 253 million tons of iron ore, 1.6 million tons of copper, 42.8 million tons of coal, and 77 thousand tons of nickel in FY 2022.

BHP Group (NYSE:BHP) has invested in a potash mining project located nearly 140 km east of Saskatoon, Canada. The Jansen Stage 1 project, with $5.7 billion investment by BHP Group (NYSE:BHP), is expected to commence production by the end of 2026 with a production capacity of 4.35 million tons of potash per year.

According to the Insider Monkey data on 943 leading hedge funds, 24 hedge funds were long BHP Group (NYSE:BHP) shares as of Q1 2023. Ken Fisher’s Fisher Asset Management was the largest hedge fund shareholder with ownership of 18.1 million shares valued at $1.1 billion.