5 Best Mining Stocks to Buy Now

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1. Freeport-Mcmoran, Inc. (NYSE:FCX)

No of HFs: 57

Total Value of HF Holdings: $1.57 Billion

The best mining stock to buy now is FCX. The company operates large, geographically diverse assets with significant reserves of copper, gold, cobalt, oil, and gas. FCX shares currently trade at $32. One of the biggest hedge funds saving stakes in the company is Ken Fisher’s Fisher Asset Management which had $632 million invested in the stock at the end of September. An insider recently purchased 85,000 shares at around $10 in March 2020. The stock is up 220% since then. In 2020, the company completed a sale of $650 million aggregate principal amount of its 4.375% senior notes due 2028 and $850 million aggregate principal amount of its 4.625% senior notes due 2030. During the third quarter of 2020, the company reported revenue of $3.85 billion.

Please also see 12 Best Silver Stocks To Buy Now and 14 Best Low-Risk Stocks to Buy Right Now.

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