5 Metals Stocks with Insider Buying

In this piece, we will take a look at five metals stocks with insider buying. If you want to take a look at our introduction to the metals industry and insider transactions, then head on over to 10 Metals Stocks with Insider Buying.

5. Century Aluminum Company (NASDAQ:CENX)

6-Month Insider Ownership Change:  6.80%

Century Aluminum Company (NASDAQ:CENX) is an aluminum products manufacturer headquartered in Chicago, Illinois. Its senior vice president of strategy and business development Matt Aboud bought a sizeable $130,500 chunk of shares in May.

Insider Monkey dug through 943 hedge funds for their Q1 2023 shareholdings to discover that 17 had bought a stake in Century Aluminum Company (NASDAQ:CENX). The firm’s largest investor in our database is Ken Fisher’s Fisher Asset Management through a stake worth $23.8 million.

4. Cleveland-Cliffs Inc. (NYSE:CLF)

6-Month Insider Ownership Change:  7.65%

Cleveland-Cliffs Inc. (NYSE:CLF) is a steel and tin company that sells products such as carbon steel and coated sheets. The firm’s chief executive officer, chief financial officer, and directors have all bought shares this year. The largest purchase came from the CEO, who bought $1.4 million in stock in April.

By the end of March 2023, 34 of the 943 hedge funds part of Insider Monkey’s database had invested in the company. Cleveland-Cliffs Inc. (NYSE:CLF)’s largest shareholder is Ken Fisher’s Fisher Asset Management with a $149 million investment.

3. TMC the metals company Inc. (NASDAQ:TMC)

6-Month Insider Ownership Change:  16.20%

TMC the metals company Inc. (NASDAQ:TMC) is a Canadian company that hunts the deep ocean surface for metals such as cobalt, copper, and nickel. Its CEO and a director have both bought shares this year, with the director, Andrei Karkar, scooping up 3.9 million shares worth $2.9 million in June.

After digging through 943 h3dge funds for 2023’s first quarter, Insider Monkey discovered that eight had held a stake in TMC the metals company Inc. (NASDAQ:TMC). Out of these, the firm’s biggest investor is Nick Thakore’s Diametric Capital through a $70,645 stake.

2. Trilogy Metals Inc. (NYSE:TMQ)

6-Month Insider Ownership Change:  17.14%

Trilogy Metals Inc. (NYSE:TMQ) is a Canadian company that operates in the remote regions of the Arctic and Alaska. While its directors or executives have not bought any shares this year, two minority owners cumulatively bought $2.4 million of stock in April and May.

Insider Monkey’s March quarter of 2023 survey covering 943 hedge funds revealed that seven had owned and invested Trilogy Metals Inc. (TMQ)’s shares.

1. Paramount Gold Nevada Corp. (NYSE:PZG)

6-Month Insider Ownership Change:  49.52%

Paramount Gold Nevada Corp. (NYSE:PZG) is an American gold exploration and development firm with operations in Nevada and Oregon. The only insider purchase in its stock this year has been of a minority investor, who bought $1.3 million in shares in May.

Three of the 943 hedge funds part of Insider Monkey’s Q1 2023 database had held a stake in the company. Jim Simons’ Renaissance Technologies is the firm’s largest shareholder among these since it owns 327,000 shares that are worth $114,000.

Disclosure: None. You can also take a look at 15 Stocks Warren Buffett Sold and 10 Best Stocks to Buy for High Returns.

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