In this article, we discuss the 5 best zinc stocks to buy now. If you want to read our detailed analysis of these companies, go directly to the 10 Best Zinc Stocks to Buy Now.
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5. Vale S.A. (NYSE: VALE)
Number of Hedge Fund Holders: 31
Vale S.A. (NYSE: VALE) is a Brazil-based metals and mining company founded in 1942. It is placed fifth on our list of 10 best zinc stocks to buy now. Vale stock has offered investors more than 120% in returns over the course of the past twelve months. The company is one of the largest in Brazil and has stakes in projects related to copper, gold, silver, cobalt, and other precious metals. It also engages in the extraction and services related to thermal coal and iron, as well as other materials.
Vale S.A. (NYSE: VALE) posted earnings results for the first quarter of 2021 on April 26, reporting earnings per share of $1.09, beating market estimates by $0.06. The revenue over the period was $12.6 billion, up 81% year-on-year.
Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Vale S.A. (NYSE: VALE) with 38 million shares worth more than $661 million.