5 Best Gold and Silver Stocks to Buy Amid Rising Inflation

Page 5 of 5

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

Number of Hedge Fund Holders: 68

Freeport-McMoRan Inc. (NYSE: FCX) is a mining company operating in North and South America, and Indonesia. The company mainly explores copper, gold, silver, and molybdenum, as well as oil and gas. Assets owned by the company include the Grasberg minerals district in Indonesia, Safford and Sierrita in Arizona, and Tyrone in New Mexico, among others. The company ranks 1st on our list of the best gold and silver stocks to buy amid rising inflation.

For the first quarter of 2021, Freeport-McMoRan Inc. (NYSE: FCX) had an EPS valued at $0.51 in line with estimates for the quarter. The revenue for Q1 was valued at $4.85 billion, representing a 21.2% growth year over year. The company also has a gross profit margin of 38.68% and a forward PE ratio of 12.39. The stock has gained 47.55% in the past 6 months and 31.83% year to date.

By the end of the first quarter of 2021, 68 hedge funds out of the 866 tracked by Insider Monkey held stakes in Freeport-McMoRan Inc. (NYSE: FCX). The total value of their stakes was roughly $3.29 billion. This is compared to 61 hedge funds out of 887 in the previous quarter holding stakes valued at about $2.66 billion.

You can also take a look at 10 Best Junior Gold Mining Stocks To Buy and 10 Best Precious Metals Stocks To Buy.

Page 5 of 5