Freeport-McMoRan Inc. (FCX), headquartered in Phoenix, Arizona, is a leading international metals company with the objective of being foremost in copper. With a market cap of $65.5 billion, the company mines mineral properties exploring copper, gold, molybdenum, silver, and other metals.
Shares of this leading international metals company have slightly outperformed the broader market over the past year. FCX has gained 31.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 31.1%. In 2024 alone, FCX’s stock rose 8.7%, compared to the SPX’s 19.8% rise on a YTD basis.
