NYSE:FCXMetals and Mining
Is Freeport-McMoRan (FCX) Still Attractive After Its Strong Share Price Momentum
Wondering if Freeport McMoRan at around US$60.35 is offering fair value or a stretched price? You are not alone in asking whether the current share price still reflects a good long term entry.
The stock has recently shown strong price momentum, with returns of 8.7% over the last 7 days, 27.0% over 30 days, 16.2% year to date, 52.9% over 1 year and 108.7% over 5 years.
Recent coverage has put a spotlight on Freeport McMoRan as investors reassess copper related names and their sensitivity to...