With a market cap of $89.7 billion, Freeport-McMoRan Inc. (FCX) is a U.S.-based mining company engaged in the exploration and production of copper, gold, molybdenum, silver, and other metals across North America, South America, and Indonesia. It operates major mining assets including the Grasberg minerals district in Indonesia and several large-scale mines in the United States, Peru, and Chile.
Shares of the Phoenix, Arizona-based company have outperformed the broader market over the past 52 weeks. FCX stock has surged 49.7% over this time frame, while the broader S&P 500 Index ($SPX) has gained 11.1%. Moreover, shares of the company have increased 23% on a YTD basis, compared to SPX's 10.7% rise.
