From Yahoo Finance: 2025-04-30 17:17:00

Minerals Technologies Inc. (MTX) is among the oversold global stocks to buy according to hedge funds. With a Relative Strength Index of 29.28 and 24 hedge fund holders, MTX operates globally, providing mineral-based products and services. Despite a challenging first quarter in 2025, the company remains confident in its long-term growth targets and strategy, focusing on innovation and new product development.

To address market uncertainties, MTX initiated a cost savings program targeting $10 million in annual savings by early 2026. The company also recorded a provision of $215 million for estimated costs related to talc-related claims and litigations. Looking ahead, MTX expects a stronger Q2 with sales projected to increase by 5% to 10% sequentially. Management believes MTX is well-positioned with its global footprint and innovative product pipeline to continue generating profitable long-term growth.

Ranked 9th on the list of oversold global stocks to buy according to hedge funds, MTX shows potential as an investment. However, AI stocks may offer greater promise for higher returns within a shorter time frame. An AI stock that has shown promising growth since the beginning of 2025 is highlighted, offering significant upside potential. For more insights on AI stocks and investment opportunities, readers can explore additional reports on the best AI and billionaire-recommended stocks.

Read more: Among the Oversold Global Stocks to Buy According to Hedge Funds