5 Uranium Stocks Popular on Reddit

2. Rio Tinto Group (NYSE:RIO)

Number of Hedge Fund Holders: 20

Rio Tinto Group (NYSE: RIO) is a diversified metals and mining firm. The company is the largest continually operating uranium oxide producer in Australia. The stock has returned more than 6% to investors in the past month. 

Morgan Stanley analyst Alain Gabriel recently upgraded Rio Tinto Group (NYSE:RIO) stock to Overweight from Equal Weight and raised the price target to A$110.50 from A$101, backing the shares to climb higher as housing demand improved and the Chinese economy recovered.

At the end of the third quarter of 2021, 20 hedge funds in the database of Insider Monkey held stakes worth $1.3 billion in Rio Tinto Group (NYSE:RIO), compared to 21 in the preceding quarter worth $1.4 billion.