5 Best Small-Cap Nickel Stocks to Buy Now

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In this article, we discuss 5 best small-cap nickel stocks to buy now. If you want to read about some more small-cap nickel stocks to buy now, go directly to 10 Best Small-Cap Nickel Stocks to Buy Now.

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

Number of Hedge Fund Holders: 10     

Market Capitalization as of August 19: $983 million  

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) recycles ferrous and nonferrous metal. It also makes and sells steel products. The firm markets mixed metal joint products recovered from the shredding process. These include a variety of metals, including zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys. In late June, the firm beat market estimates on earnings per share and revenue for the second quarter of 2022 by $0.29 and $106 million, respectively. 

In late May, Goldman Sachs analyst Emily Chieng maintained a Buy rating on Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) stock and lowered the price target to $47 from $63, noting that near-term headwinds would affect the stock in the coming months. 

At the end of the first quarter of 2022, 10 hedge funds in the database of Insider Monkey held stakes worth $50 million in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN), compared to 13 in the previous quarter worth $33 million.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Millennium Management is a leading shareholder in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN), with 314,542 shares worth more than $16 million. 

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