Why? who is keeping the lid on this stock?
Understand that this is a mine and not a growth stock. Mines can't grow so typically get extremely low PE's. Also understand that FCX has a high debt load, so gets a low PE.That said, FCX valuation is better than other mining stocks that I think are very highly overvalued. Not sure why this is.
fcx mines have the capacity to increase production by 25 percent so once again your full of chit.
fcx debt is only 6 billion you big dummy. the last time copper was this high fcx paid off 10 billion in a little more than a year.
Ah...no...it is not true. It is trading just north of a 17 PE, actually.
I said 11 times NEXT year earning estimate! check it out