5 Best Small-Cap Nickel Stocks to Buy Now

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1. Ryerson Holding Corporation (NYSE:RYI)

Number of Hedge Fund Holders: 16 

Market Capitalization as of August 19: $1.1 billion     

Ryerson Holding Corporation (NYSE:RYI) processes and distributes industrial metals. On August 3, the company posted earnings for the second quarter of 2022, reporting earnings per share of $5.31, up from $1.24 per share over the same period last year. The revenue during the second quarter was $1.74 billion, up more than 22% compared to the revenue over the same period last year. The firm supplies nickel products to industries around the world and is based in Chicago. 

On August 15, BMO Capital analyst Katja Jancic assumed coverage of Ryerson Holding Corporation (NYSE:RYI) stock with an Outperform rating and a price target of $35, backing the firm to deliver improved results through the cycle. 

At the end of the first quarter of 2022, 16 hedge funds in the database of Insider Monkey held stakes worth $45 million in Ryerson Holding Corporation (NYSE:RYI), compared to 13 in the previous quarter worth $31 million. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm DE Shaw is a leading shareholder in Ryerson Holding Corporation (NYSE:RYI), with 357,851 shares worth more than $12 million.

You can also take a peek at 10 Russell 2000 Basic Materials Dividend Stocks to Buy and 10 Utilities Stocks with Over 3% Dividend Yield.

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