5 Best Mining Stocks Hedge Funds Are Buying

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

Number of Hedge Fund Investors In Q1 2023: 77

Freeport-McMoRan Inc. (NYSE:FCX) is a copper producer that also mines other metals such as gold and silver. The firm is currently facing problems in Indonesia, as its copper stocks are increasing but the government is yet to approve an export perming.

By the end of this year’s March quarter, 77 of the 943 hedge funds surveyed by Insider Monkey had invested in Freeport-McMoRan Inc. (NYSE:FCX). Out of these, the largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management through a $2.2 billion investment.

Follow Freeport-Mcmoran Inc (NYSE:FCX)

Disclosure: None. You can also take a look at 10 Dirt Cheap Stocks To Buy and 13 Best Basic Materials Stocks to Buy Now.

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