5 Precious Metals Stocks to Buy Amid Market Volatility

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In this article, we discuss the 5 precious metals stocks to buy amid market volatility. If you want to read our detailed analysis of these stocks, go directly to the 10 Precious Metals Stocks to Buy Amid Market Volatility

5. Encore Wire Corporation (NASDAQ:WIRE)

Number of Hedge Fund Holders: 21   

Encore Wire Corporation (NASDAQ:WIRE) is a Texas-based firm that makes and sells electrical components and equipment. As market volatility increases, Encore Wire Corporation (NASDAQ:WIRE) offers investors the comfort of reliable dividend payouts. The company has paid a dividend to shareholders for fourteen consecutive years. In early November, it declared a quarterly dividend of $0.02 per share, in line with previous. The forward yield was 0.06%. 

Encore Wire Corporation (NASDAQ:WIRE) has also been attracting positive interest from hedge funds. At the end of the third quarter of 2021, 21 hedge funds in the database of Insider Monkey held stakes worth $116 million in Encore Wire Corporation (NASDAQ:WIRE), up from 20 in the previous quarter worth $77 million.

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