5 Best Uranium Stocks To Buy

3. BHP Group Limited (NYSE:BHP)

Number of Hedge Fund Holders: 20  

BHP Group Limited (NYSE:BHP) operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The firm also has stakes in the uranium industry. On December 12, BHP Group made an equity investment in I-Pulse, an industrial technology developer, and its affiliate I-Rox, to identify and develop applications of pulsed-power technology across multiple aspects of the mining industry.

On November 23, Deutsche Bank analyst Liam Fitzpatrick maintained a Hold rating on BHP Group Limited (NYSE:BHP) stock and raised the price target to 2,200 GBP from 2,100 GBP, highlighting that there is not enough mining supply to meet future energy transition-related demand.

At the end of the third quarter of 2022, 20 hedge funds in the database of Insider Monkey held stakes worth $1 billion in BHP Group Limited (NYSE:BHP), compared to 19 in the preceding quarter worth $1.4 billion. 

Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in BHP Group Limited (NYSE:BHP) with 17.6 million shares worth more than $881 million.