NYSE:FCXMetals and Mining
Assessing Freeport-McMoRan’s (FCX) Valuation After Its Recent Copper-Fueled Share Price Rally
Freeport-McMoRan (FCX) has quietly pushed higher, up about 15% over the past month and nearly 29% in the past 3 months, as investors lean into the copper demand story.
See our latest analysis for Freeport-McMoRan.
Zooming out, that recent momentum sits on top of a solid backdrop, with the stock at $51.93 after a strong multi month share price run and a near 40% one year total shareholder return, suggesting investors are increasingly pricing in copper driven growth.
If Freeport McMoRan’s move...