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Freeport-McMoRan Stock Hits All-Time High: What's Happening?
Freeport-McMoRan Inc (NYSE:FCX) shares are trading higher and touching a new all-time high Friday, extending a strong run as copper-related stocks broadly rally. Here's what you should know.
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Freeport-McMoRan (FCX) Suffers a Larger Drop Than the General Market: Key Insights
Freeport-McMoRan closed down 2.51%, underperforming the S&P 500's 0.25% decline. Despite a strong monthly gain of 23.61%, the mining company faces headwinds. Analysts forecast EPS of $0.73 (up 46% YoY) and full-year earnings of $2.79 per share (up 57.63% YoY), with revenue projected at $28.56 billion (up 10.21% YoY). The stock holds a Zacks Rank #3 (Hold) with a Forward P/E of 28.07 and PEG ratio of 0.78.
SCCO's H1 Copper Output Falls Y/Y: What Lies Ahead for the Stock?
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