Down 22%, This Excellent Value Mining Stock Is a Buy for 2025 and Beyond
Something unusual is happening with copper miner Freeport-McMoRan (NYSE: FCX). Even while the price of copper has risen over the past three months (from around $4.30 per pound to about $4.45 at the time of writing), Freeport's stock is down by almost 22% over the same period. Although not without reason, the sell-off looks overdone, and the stock looks like a good value. Here's why.There are probably three reasons for the decline:These issues range from near-term significant to relatively mundane. Starting with the potential tariff effect, Freeport has operations in North America, South America, and Indonesia. When discussing the matter on the recent earnings call, management said that it sells its U.S.-produced copper in the U.S., and if there's any premium attached to U.S. price as a result of tariff action, then Freeport will be a beneficiary. Continue reading
Something unusual is happening with copper miner Freeport-McMoRan (NYSE: FCX). Even while the price of copper has risen over the past three months (from around $4.30 per pound to about $4.45 at the time of writing), Freeport's stock is down by almost 22% over the same period. Although not without reason, the sell-off looks overdone, and the stock looks like a good value. Here's why.
There are probably three reasons for the decline:
These issues range from near-term significant to relatively mundane. Starting with the potential tariff effect, Freeport has operations in North America, South America, and Indonesia. When discussing the matter on the recent earnings call, management said that it sells its U.S.-produced copper in the U.S., and if there's any premium attached to U.S. price as a result of tariff action, then Freeport will be a beneficiary.
