|Day's Range||11.35 - 11.81|
|52 Week Range||9.24 - 17.06|
|PE Ratio (TTM)||62.89|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Freeport is still facing a big question, while Wheaton Precious Metals Corp. just keeps chugging along.
When Avnet Inc. (AVT) first hit the No. 1 spot on the Phoenix Business Journal’s Arizona-based Public Companies list, the year was 1998 and the company’s revenue for the preceding year was $5.4 billion. The company holding the No. 1 spot prior to Avnet’s move to the Phoenix area, Phelps Dodge Corp., eventually was acquired by another global presence in copper mining, Freeport-McMoRan Inc. (FCX). When it acquired Phelps Dodge in 2007, Freeport-McMoRan moved to Phoenix and is now the No. 2 ranked public company in Arizona, with revenue of $14.83 billion.
Operations at the world's No.2 copper mine in Indonesia are "running as normal", a spokesman for the local unit of Freeport-McMoRan Inc said, despite thousands of workers extending a strike for another month. Riza Pratama said in a text message on Thursday that "around 25,000 workers and contractors" continued to work at the Grasberg mine, a key supplier to buyers including top metals consumer China.