In this article, we will take a look at the 5 best steel stocks to buy according to analysts. To read our analysis of the recent trends and market activity, you can go to the 10 Best Steel Stocks to Buy According to Analysts.
5. Radius Recycling, Inc. (NASDAQ:RDUS)
Average Analyst Rating: 2.00
Number of Hedge Fund Holders: 14
Ontario, Canada-based Radius Recycling, Inc. (NASDAQ:RDUS), formerly known as Schnitzer Steel Industries, Inc., is one of the largest manufacturers and exporters of recycled metal products in North America with operating facilities located in 25 states, Puerto Rico, and Western Canada.
On January 4, Radius Recycling, Inc. (NASDAQ:RDUS) released its financial results for the quarter ended November 30, 2023. It generated a revenue of $673 million and a net loss of $18 million. The Board of Directors of the company also declared a quarterly dividend of $0.1875 per share.
On our list of 10 best steel stocks to buy according to analysts, Radius Recycling, Inc. (NASDAQ:RDUS) has the highest upside potential based on the average analyst target price of $35.00 which is 45.83% more than the latest share price.