Freeport-McMoRan Inc. (FCX) is a global mining business that explores, develops, and produces copper, gold, and molybdenum from extensive, long-term operations across different regions. Its portfolio includes significant mining sites in the Americas and Indonesia. The company’s main corporate headquarters is located in Phoenix, Arizona. It has a market capitalization of $97.84 billion, making it a “large-cap” stock.
FCX’s stock reached an all-time high of $69.75 on Feb. 25, but is down 2.4% from that level. The stock has been up 61.5% over the past three months as copper and other metals prices have risen, improving the company’s outlook. Contrarily, the broader Dow Jones Industrial Average ($DOWI) is up 3.3% over the same period. Therefore, the stock has outperformed the wider index over this period.
