Previous Close | 40.81 |
Open | 40.53 |
Bid | 39.92 x 0 |
Ask | 40.01 x 0 |
Day's Range | 40.53 - 40.53 |
52 Week Range | 24.67 - 48.20 |
Volume | |
Avg. Volume | 11 |
Market Cap | N/A |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | Apr 19, 2023 - Apr 24, 2023 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
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The latest earnings from copper, gold, and molybdenum miner Freeport-McMoRan (NYSE: FCX) highlight the ongoing debate around the stock and the copper mining sector. In truth, the miner's share price will always be a function of the price of copper, but that's no bad thing.
The construction of U.S. mining giant Freeport McMoRan's Indonesian copper smelter, one of the biggest in the world, will be completed by the end of this year, an official at its Indonesian unit said on Thursday. Agung Laksamana, Freeport Indonesia's executive vice president of external affairs, said that "substantial" construction of the smelter would reach 100% completion by the end of 2023. Freeport's statement comes as President Joko Widodo reiterated this week that the country would stick to its plan to ban exports of copper ore to spur domestic processing of the material in June.