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.
4. Vedanta Limited (NYSE: VEDL)
Number of Hedge Fund Holders: 10
Vedanta Limited (NYSE: VEDL) is an India-based mining company founded in 1979. It is ranked fourth on our list of 10 best zinc stocks to buy now. Vedanta stock has offered investors more than 203% in returns over the past year. The company has a diverse list of operations in the natural resources field, with interests in projects related to oil and gas, zinc, lead, silver, copper, aluminum, iron ore, steel, and other metals. It also owns power facilities and logistics services operations in different ports.
On May 13, Vedanta Limited (NYSE: VEDL) posted earnings results for the fourth fiscal quarter, reporting earnings per share of ₹18.94 and a revenue of ₹278.84 billion, up 42% year-on-year. The shares of the company jumped 0.5% after the results were announced.
At the end of the first quarter of 2021, 10 hedge funds in the database of Insider Monkey held stakes worth $85 million in Vedanta Limited (NYSE: VEDL), the same as in the preceding quarter worth $68 million.
3. Hudbay Minerals Inc. (NYSE: HBM)
Number of Hedge Fund Holders: 15
Hudbay Minerals Inc. (NYSE: HBM) is a Canada-based mining company founded in 1996. It is placed third on our list of 10 best zinc stocks to buy now. Hudbay stock has returned more than 180% to investors over the past twelve months. The company concentrates on the exploration and production of base and precious metals in North and South America. It offers products related to copper, gold, and silver, molybdenum concentrates, and zinc metals, among others. The firm owns a zinc production facility in northern Manitoba and Saskatchewan.
In earnings results for the first quarter of 2021, posted on May 11, Hudbay Minerals Inc. (NYSE: HBM) reported earnings per share of -$0.06, missing market estimates by $0.10. The revenue over the period was over $313 million, up 28% year-on-year.
Out of the hedge funds being tracked by Insider Monkey, Atlanta-based firm GMT Capital is a leading shareholder in Hudbay Minerals Inc. (NYSE: HBM) with 37.8 million shares worth more than $259 million.
2. Hecla Mining Company (NYSE: HL)
Number of Hedge Fund Holders: 16
Hecla Mining Company (NYSE: HL) is an Idaho-based mining company founded in 1891. It is ranked second on our list of 10 best zinc stocks to buy now. Hecla stock has returned more than 171% to investors over the course of the past twelve months. The company engages in the exploration and production of gold, silver and other precious metals. It also markets lead, zinc, bulk concentrates, and carbon materials, to clients. The company has stakes in mining properties in Idaho, Alaska, and Nevada.
On May 6, Hecla Mining Company (NYSE: HL) reported quarterly earnings results for the first three months of 2021, posting earnings per share of $0.03, missing market estimates by $0.02. The revenue over the period was over $210 million, beating market predictions by $6 million.
At the end of the first quarter of 2021, 16 hedge funds in the database of Insider Monkey held stakes worth $39 million in Hecla Mining Company (NYSE: HL), up from 10 in the preceding quarter worth $38 million.
1. Teck Resources Limited (NYSE: TECK)
Number of Hedge Fund Holders: 30
Teck Resources Limited (NYSE: TECK) is a Canada-based natural resources company founded in 1906. It is placed first on our list of 10 best zinc stocks to buy now. Teck stock has returned more than 160% to investors over the course of the past twelve months. Some of the products the company markets include steelmaking coal, copper concentrates, refined zinc and zinc concentrates, energy products, gold, silver, germanium, indium, and cadmium, among others. It also has stakes in an oil sands project.
On May 26, investment advisory Deutsche Bank upgraded Teck Resources Limited (NYSE: TECK) stock to Buy from Hold with a price target of $30 on the back of multiple projects in the company’s portfolio that were showing signs of improving shareholder value in the firm.
Out of the hedge funds being tracked by Insider Monkey, Boston-based investment firm Arrowstreet Capital is a leading shareholder in Teck Resources Limited (NYSE: TECK) with 9.3 million shares worth more than $179 million.
You can also take a peek at Billionaire Izzy Englander’s Top 10 Stock Picks and Billionaire David Abrams’ Top Stock Picks.
