Freeport-McMoran traded at $60.62 this Monday July 6th, decreasing $0.35 or 0.57 percent since the previous trading session. Looking back, over the last four weeks, Freeport-McMoran lost 5.15 percent. Over the last 12 months, its price rose by 34.32 percent. Looking ahead, we forecast Freeport-McMoran to be priced at 59.70 by the end of this quarter and at 56.03 in one year, according to Trading Economics global macro models projections and analysts expectations.
Freeport-McMoRan Inc. (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company's segments include the Morenci, Cerro Verde and Grasberg (Indonesia mining) copper mines, the Rod & Refining operations and Atlantic Copper Smelting & Refining. The Company has organized its mining operations into four divisions, which include North America copper mines, South America mining, Indonesia mining and Molybdenum mines. The Company's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits, and mining operations in the North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru.