|Bid||36.45 x 2200|
|Ask||36.65 x 800|
|Day's range||35.61 - 37.51|
|52-week range||23.77 - 46.10|
|Beta (5Y monthly)||2.11|
|PE ratio (TTM)||29.77|
|Earnings date||24 Jan 2022 - 28 Jan 2022|
|Forward dividend & yield||0.30 (0.83%)|
|Ex-dividend date||14 Oct 2021|
|1y target est||44.56|
In the latest trading session, Freeport-McMoRan (FCX) closed at $36.56, marking a -1.46% move from the previous day.
Copper mining giant Freeport-McMoRan Inc is converting its fleet of diesel trucks and other machinery to electric or hydrogen power, a transition required to fight climate change even though the costs are not yet known, Chief Executive Richard Adkerson said in an interview at the Reuters Next conference. The mining industry is grappling with its paradoxical role as supplier of copper, lithium and other building blocks for renewable technologies even as operations contribute to global warming. Freeport, which operates mines in the Americas and Indonesia, has roughly 600 haul trucks - some of which move more than 400 tonnes (881,850 pounds) of dirt per load - and numerous other pieces of equipment.
On Nov. 10, the U.S. Bureau of Labor Statistics reported that the Consumer Price Index is up 6.2% over the last 12 months. Supply-chain issues, higher raw material costs, and seven-year-high oil and gas prices are just a few of the reasons why inflation is at a 30-year high. Franco-Nevada (NYSE: FNV), Freeport-McMoran (NYSE: FCX), and Chevron (NYSE: CVX) are three companies built to combat inflation.