5 Best Commodity Stocks To Buy Now

Page 5 of 5

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

Number of Hedge Fund Holders: 61

Freeport McMoran is one of the biggest miners in the U.S., with assets in North America, South America and Indonesia.  The company explores key and important commodities like copper, gold, molybdenum, silver, as well as oil and gas. The company has reinstated dividend for 2021. The stock has a dividend yield of 0.93%. The company has benefitted from the rise in copper prices in 2020. For 2021, it expects EBITDA at $11 billion assuming the current copper prices.

According to our database, the number of FCX’s long hedge funds positions increased at the end of the fourth quarter of 2020. There were 61 hedge funds that hold a position in FCX compared to 57 funds in the third quarter. The biggest stakeholder of the company is Fisher Asset Management, with 42.9 million shares, worth $1.1 billion.

You can also take a peek at 10 Best Battery Stocks to Buy Now and 10 Best Oil and Energy Stocks To Buy Now.

Page 5 of 5