Freeport-McMoRan Inc. (FCX) is a prominent mining company in North America, South America, and Indonesia. With a market cap of $77.8 billion, the Phoenix-based company, incorporated in 1987, focuses on exploring and extracting copper, gold, and other minerals.
Shares of Freeport-McMoRan have outperformed the broader market considerably over the past year. FCX has gained 51.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27.5%. In 2024, FCX stock is up 27.4%, surpassing SPX's 11.2% rise on a YTD basis.
