5 Uranium Stocks Popular on Reddit

4. BHP Group (NYSE:BHP)

Number of Hedge Fund Holders: 18    

BHP Group (NYSE:BHP) is a natural resources firm that operates from Australia. The company has interests in the mining of several minerals, including uranium. In the last fiscal year, the firm produced nearly 3.3 million metric tons of uranium. 

Bank of America analyst James Redfern has a Neutral rating on BHP Group (NYSE:BHP) stock with a price target of A$39. In an investor note in September, the analyst noted that the stock offered an attractive dividend yield and seemed fairly valued. 

Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in BHP Group (NYSE:BHP) with 8.3 million shares worth more than $447 million. 

In its Q1 2021 investor letter, Harding Loevner, an asset management firm, highlighted a few stocks and BHP Group (NYSE:BHP) was one of them. Here is what the fund said:

“Our purchase of Australian mining company BHP is an example of a quality company at a moderate valuation that should deliver attractive long-term returns. We believe the market has undervalued its enduring competitive advantage due to its low cost iron and copper mining operations which has allowed the company to deliver consistent profits and cash flows across the inevitable ups and downs of the global metals cycle. While the variability of commodity prices prevents BHP from scoring in the top ranks of measured quality, we are willing to bear some of that uncertainty in return for a more attractive valuation given the company’s strong business fundamentals.”