NYSE:FCXMetals and Mining
Is Freeport-McMoRan (FCX) Pricing In Too Much Optimism After Its 1-Year 63.6% Rally
Wondering if Freeport-McMoRan at around US$60.61 is offering fair value or if expectations are running ahead of the stock? This article breaks down what the current price really implies.
The stock has returned 4.9% over the last 7 days, is roughly flat over 30 days at a 0.2% decline, and sits on gains of 16.7% year to date and 63.6% over 1 year. This naturally raises questions about how much upside or risk is now priced in.
Recent coverage of Freeport-McMoRan has focused on its position...