Freeport-McMoRan Stock Soars as Copper and Gold Prices Rise
Gold prices are sitting at a record high following the Fed's first interest-rate cut and as other central banks around the world loosen monetary policy. Freeport-McMoRan ( FCX) shares surged on Tuesday amid an increase in the prices of copper and gold, two of the main commodities produced by the mining giant.
Freeport-McMoRan Inc. stock outperforms competitors on strong trading day
Shares of Freeport-McMoRan Inc. FCX rallied 1.37% to $45.14 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.28% to 5,718.57 and the Dow Jones Industrial Average DJIA rising 0.
China's move to stimulate its economy pleased copper bulls and Freeport McMoRan shareholders alike.
Freeport-McMoRan (FCX) witnessed a jump in share price last session on above-average trading volume. The latest trend in ...
Deep-pocketed investors have adopted a bullish approach towards Freeport-McMoRan FCX, and it's something market players ...
The stock's fall snapped a nine-day winning streak.
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
Big diversified miners including Rio Tinto , BHP Group and Glencore, are watching rival copper producers gradually grow beyond their reach ...
View Freeport-McMoRan Inc. (FCX) current and estimated P/E ratio data provided by Seeking Alpha.
Therefore, Freeport-McMoRan has an ROCE of 14%. On its own, that's a standard return, however it's much better than the 9.6% ...
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