Can Freeport-McMoRan Stock Dig Up More Value?
- Date: 24-Sep-2020
- Source: Forbes
- Sector:Financial Markets
- Country:GCC
Can Freeport-McMoRan Stock Dig Up More Value?
A worker and an armed soldier walk past a Grasberg mine sign at Freeport McMoRan Inc.'s Grasberg ... [+] copper and gold mining complex in Papua province, Indonesia, on Wednesday, April 22, 2015. Freeport is the world's largest publicly traded copper producer. Photographer: Dadang Tri/Bloomberg
© 2015 Bloomberg Finance LP
We believe there may be better opportunities than Freeport-McMoRan's stock (NYSE: FCX) at the present time. FCX trades at $16 currently and it has gained more than 20% in value so far this year. It traded at a pre-Covid high of $13 in February, and it is above that level now. Also, FCX stock has gained around 200% from the low of slightly over $5 seen in March 2020, as gold prices have shot
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