Analysts Are Recommending These 5 Commodity Stocks

2. Alcoa Corporation (NYSE:AA)

Number of Hedge Fund Holders: 41

Alcoa Corporation (NYSE:AA) sells bauxite, alumina, and aluminum products across markets in the United States, Spain, Australia, Iceland, Norway, Brazil, and Canada. The company was founded in 1888 and is headquartered in Pittsburgh, Pennsylvania.

Citi analyst Alexander Hacking, who has a “structurally bullish view” on aluminum, kept a Buy rating on the shares and raised the price target on Alcoa Corporation (NYSE:AA) to $84 from $70 on March 17. 

Alcoa Corporation (NYSE:AA) declared on February 24 a $0.10 per share quarterly dividend, in line with previous. The dividend is payable on March 24, to shareholders of record on March 8. 

In the fourth quarter of 2021, 41 hedge funds held long positions in Alcoa Corporation (NYSE:AA), compared to 44 funds in the last quarter. Fisher Asset Management is the biggest shareholder of the company, with 6.35 million shares worth $378.5 million.