5 Best Metal Stocks To Invest In

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

Number of Hedge Fund Holders: 76   

Freeport-McMoRan Inc. (NYSE:FCX) is one of the biggest metal mining companies in the world with solid fundamentals and strong growth outlook. It features at the top of our list of best metal stocks. The company recently beat market expectations on earnings per share by $0.09. The stock has returned more than 93% to investors in the past twelve months. Argus recently raised the price target on the stock to $45 from $40 and kept a Buy rating. 

A surge in prices of metals like copper and iron has helped lift Freeport-McMoRan Inc. (NYSE:FCX) to new highs this year. Inflation fears are also helping mining stocks, which are traditionally seen as a great hedge against portfolio risk. 

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 10 Best Medical Stocks Under $10 and 10 Best Cash App Stocks to Invest In.

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