5 Most Volatile Stocks To Buy Now

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

Number of Hedge Fund Holders: 73   

Beta Rating as of December 30: 2.05

Freeport-McMoRan Inc. (NYSE:FCX) is an American mining company that explores and mines for copper, gold, silver, and other metals. In late October, investment advisory Argus maintained a Buy rating on Freeport-McMoRan Inc. (NYSE:FCX) stock and lowered the price target to $38 from $47. 

At the end of the third quarter of 2023, 73 hedge funds in the database of Insider Monkey held stakes worth $3.3 billion in Freeport-McMoRan Inc. (NYSE:FCX), compared to 66 in the preceding quarter worth $1.3 billion.