With a market cap of $60.6 billion, Freeport-McMoRan Inc. (FCX) is a leading international mining company engaged in the exploration, development, and production of copper, gold, molybdenum, and silver. With major operations across North America, South America, and Indonesia, its key assets include the Grasberg mine in Indonesia, home to the world’s largest copper and gold reserves.
Shares of the Phoenix, Arizona-based company have underperformed the broader market over the past 52 weeks. FCX stock has declined nearly 9% over this time frame, while the broader S&P 500 Index ($SPX) has gained 18.1%. Moreover, shares of the company have increased 9.9% on a YTD basis, compared to SPX's 17.2% return.
