Freeport-McMoRan Avg. Realized Prices $3.80/Pound For Copper, $1,898/Ounce For Gold, $23.71/Pound For Molybdenum
Portfolio Pulse from Benzinga Newsdesk
Freeport-McMoRan (FCX) has reported average realized prices of $3.80 per pound for copper, $1,898 per ounce for gold, and $23.71 per pound for molybdenum.
October 19, 2023 | 12:07 pm
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NEUTRAL IMPACT
The reported average realized prices for copper, gold, and molybdenum could impact Freeport-McMoRan's revenues and profitability.
The average realized prices for copper, gold, and molybdenum directly impact Freeport-McMoRan's revenues. Higher prices can lead to increased revenues and profitability if production volumes remain stable or increase. However, the impact on the stock price will depend on how these prices compare to market expectations and the company's cost of production.
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