Freeport McMoran Shares Rally Despite Weakening Copper Prices
October 20 2022 - 6:44PM
ValueWalk
Freeport McMoran rallied despite weaker results. Net income fell to
$404 million, down by 50% over the same quarter last year. The
average realized price per pound o copper came in at $3.50 per
pound, compared to $4.20 last year. Freeport McMoran (NYSE:FCX)
third-quarter results came in weaker on the back of copper prices
retreating. […]
https://www.valuewalk.com/freeport-mcmoran-shares-rally-despite-weakening-copper-prices/
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