5 Best Nuclear Stocks to Buy Now

2. Rio Tinto Group (NYSE:RIO)

Number of Hedge Fund Holders: 24    

Rio Tinto Group (NYSE:RIO) engages in exploring, mining, and processing mineral resources worldwide. On September 13, the company announced that it had signed an agreement with Volvo to decarbonize operations under which the former will supply responsibly sourced products including lithium, low-carbon aluminum, copper, and metallics to the latter. These will help the mining giant decarbonize operations by piloting the sustainable autonomous hauling solutions.

On August 16, investment advisory Morgan Stanley maintained an Equal Weight rating on Rio Tinto Group (NYSE:RIO) stock and lowered the price target to GBP 5,900 from GBP 5,990. Analyst Alain Gabriel issued the ratings update. 

At the end of the second quarter of 2022, 24 hedge funds in the database of Insider Monkey held stakes worth $1.7 billion in Rio Tinto Group (NYSE:RIO), compared to 26 the preceding quarter worth $2.5 billion.