5 Best Metals Stocks To Invest In

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

Number of Hedge Fund Investors In Q2 2023: 66

Freeport-McMoRan Inc. (NYSE:FCX) is a diversified mining company that focuses on copper, gold, and other natural resources. While its third quarter earnings report saw it beat analyst EPS estimates, lowering copper prices coupled with higher production costs led to the firm warning about a gloomy future. As a result, the shares slipped in the market.

As of June 2023 end, 66 out of the 910 hedge funds surveyed by Insider Monkey were the firm’s investors. Freeport-McMoRan Inc. (NYSE:FCX)’s largest stakeholder in our database is Ken Fisher’s Fisher Asset Management as it owns $2.1 billion worth of shares.

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