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Barchart
Dipanjan Banchur

THE TRUTH ABOUT: Do wall street analysts like freeport mcmoran stock - Caught on Camera

Freeport-McMoRan Inc. (FCX), headquartered in Phoenix, Arizona, mines mineral properties in North America, South America, and Indonesia. Valued at $62.67 billion by market cap, the company operates diverse assets with significant proven and probable copper, gold, and molybdenum reserves. Its portfolio of assets includes the Grasberg minerals district in Indonesia and significant operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.

The leading international mining company has underperformed the broader market considerably over the past year. FCX has declined marginally over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 19%. In 2024, shares of FCX are up 2.5%, while the SPX is up 14.2% on a YTD basis.

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