Freeport-McMoRan - Undervalued: Copper With A Gold Kicker
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Freeport-McMoRan, a major producer of copper, gold, and molybdenum, is undervalued despite a recent fire at a project in Indonesia. The company received a 6-month permit to export copper concentrate, but its stock has underperformed, down 11% over the past year, lagging behind gold and copper price rallies.
March 20, 2025 | 4:30 am
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Freeport-McMoRan's stock is undervalued despite a recent fire in Indonesia and a 6-month copper export permit. The stock is down 11% over the past year, lagging behind gold and copper price rallies.
Freeport-McMoRan's stock is undervalued due to its significant gold production, which is often overlooked. Despite a fire at a project in Indonesia, the company secured a 6-month permit to export copper concentrate. The stock has underperformed, down 11% over the past year, despite rallies in gold and copper prices, indicating potential for upward correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100