Valued at a market cap of $62.9 billion, Freeport-McMoRan Inc. (FCX) is a leading mining company headquartered in Phoenix, Arizona. It is primarily engaged in the extraction of copper, gold (GCZ25), molybdenum, silver (SIU25), and other metals and plays a critical role in supplying key metals essential for global infrastructure, renewable energy, and advanced technologies.
Shares of this mining company have lagged behind the broader market over the past 52 weeks. FCX stock declined 2.6% over this time frame, while the broader S&P 500 Index ($SPX) has soared 16.6%. Nonetheless, on a YTD basis, the stock is up 13.5%, outpacing SPX’s 8.3% gain.
