5 Best EV Stocks for the Long Term

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

Number of Hedge Fund Holders: 76   

Argus analyst David Coleman recently raised the price target on Freeport-McMoRan Inc. (NYSE:FCX) stock to $45 from $40 and kept a Buy rating on the shares, and noted that the company would benefit from the rising metal prices. The firm operates as a metals mining firm with core interests in copper. Copper is used to make several parts of an EV, hence the firm is a top EV stock in the long-term. 

Freeport-McMoRan Inc. (NYSE:FCX) recently beat market estimates on earnings per share by $0.09. The company has benefited from the increase in metal prices due to high demand and supply shortages. 

At the end of the second quarter of 2021, 76 hedge funds in the database of Insider Monkey held stakes worth $3.8 billion in Freeport-McMoRan Inc. (NYSE: FCX), up from 68 in the preceding quarter worth $3.2 billion. 

You can also take a peek at Warren Buffett Is Selling These 10 Stocks and 10 Best Nickel Stocks to Buy Now.

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