4 Best Cobalt Stocks to Buy Now

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1. Freeport-McMoRan Inc. (NYSE:FCX)

Number of Hedge Fund Holders: 73   

Freeport-McMoRan Inc. (NYSE:FCX) is an American mining company that explores and mines for copper, gold, silver, and other metals. In late October, investment advisory Argus maintained a Buy rating on Freeport-McMoRan Inc. (NYSE:FCX) stock and lowered the price target to $38 from $47, noting the firm posted results that had topped expectations but the lower price target reflected the impact of higher interest rates on valuation multiples. 

At the end of the third quarter of 2023, 73 hedge funds in the database of Insider Monkey held stakes worth $3.3 billion in Freeport-McMoRan Inc. (NYSE:FCX), compared to 66 in the preceding quarter worth $1.3 billion. 

You can also take a peek at 10 Russell 2000 Basic Materials Dividend Stocks to Buy and 10 Utilities Stocks with Over 3% Dividend Yield.

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