|Bid||42.51 x 1200|
|Ask||43.41 x 3100|
|Day's range||42.16 - 43.10|
|52-week range||24.80 - 51.99|
|Beta (5Y monthly)||1.95|
|PE ratio (TTM)||35.09|
|Earnings date||19 Apr 2023 - 24 Apr 2023|
|Forward dividend & yield||0.60 (1.80%)|
|Ex-dividend date||13 Oct 2022|
|1y target est||36.38|
Shares in copper miner Freeport-McMoRan (NYSE: FCX) rose 17.4% in January, according to data from S&P Global Market Intelligence. The move comes in line with a general increase in the S&P 500 and, more importantly for Freeport-McMoRan, an increase in the price of copper. The industrial metal's price went from around $3.80 per pound at the start of the year to a high of $4.26 per pound in late January to around $4.06 at the time of writing.
The latest earnings from copper, gold, and molybdenum miner Freeport-McMoRan (NYSE: FCX) highlight the ongoing debate around the stock and the copper mining sector. In truth, the miner's share price will always be a function of the price of copper, but that's no bad thing.
Here is how Freeport-McMoRan (FCX) and Gerdau (GGB) have performed compared to their sector so far this year.