Phoenix, Arizona-based Freeport-McMoRan Inc. (FCX) engages in the mining of mineral properties that primarily explore for copper, gold, molybdenum, silver, and other metals. With a market cap of $52.3 billion, the company’s operations span North America, South America, and Indonesia.
Shares of the mining company have significantly underperformed the broader market over the past 52 weeks. FCX has dropped 27.1% over this time frame, while the broader S&P 500 Index ($SPX) has gained 11.7%. However, shares of FCX are down 4.4% on a YTD basis, compared to SPX’s 4.7% decline.
