|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.95 - 14.68|
|52 Week Range||9.24 - 17.06|
|PE Ratio (TTM)||20.00|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
According to consensus estimates compiled by Thomson Reuters, Freeport-McMoRan (FCX) is expected to generate adjusted EBITDA of ~$1.4 billion in 3Q17 and ~$1.6 billion in 4Q17.
Copper prices tend to react to geopolitical issues. However, over the last month, copper and all risk assets have ignored rising geopolitical tensions in the Korean Peninsula.
Investments in renewable energy bode well for global copper demand, as the copper intensity in renewable energy is higher than in non-renewable energy.