NYSE:FCXMetals and Mining
Freeport-McMoRan (FCX) Valuation In Focus After Strong Momentum And Conflicting Fair Value Estimates
Freeport-McMoRan: recent returns put valuation in focus
Freeport-McMoRan (FCX) has drawn fresh attention after a strong run, with the stock showing a 22.2% return over the past month and 47.3% over the past 3 months.
Those moves come alongside reported annual revenue of US$26.0b and net income of US$2.1b. This has prompted investors to weigh how current pricing lines up against the company’s earnings power and its balance between copper, gold and other metals.
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