A Fresh Look at Freeport-McMoRan’s (FCX) Valuation After Recent 6% Share Price Drop
Freeport-McMoRan (FCX) shares ended the latest session at $40.88, slipping nearly 6% from the prior close. This recent move has prompted some investors to revisit the company’s long-term track record and growth outlook.
See our latest analysis for Freeport-McMoRan.
Freeport-McMoRan has seen some choppy trading lately, with yesterday’s nearly 6% drop capping off a wider pullback despite steadier gains earlier this year. While the 1-year total shareholder return sits at -17%, the bigger picture reveals momentum built up over the past several years. This is demonstrated by a 54% total return over three years and an impressive 154% over five years. Short-term price moves hint at shifting sentiment as investors weigh growth prospects…
