5 Best Natural Resources Stocks to Buy

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

Number of Hedge Fund Investors In Q1 2023: 77

Freeport-McMoRan Inc. (NYSE:FCX) is a diversified mining company, which primarily produces copper but also focuses on other metals. The firm declared a 15 cent dividend for its common stock in June 2023, and its shares are rated Buy on average.

As of March 2023, 77 of the 943 hedge funds part of Insider Monkey’s database had bought the mining company’s shares. Freeport-McMoRan Inc. (NYSE:FCX)’s largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management with a $2.2 billion investment.

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