|Bid||31.60 x 4000|
|Ask||31.70 x 2900|
|Day's range||31.06 - 31.69|
|52-week range||24.80 - 51.99|
|Beta (5Y monthly)||2.01|
|PE ratio (TTM)||9.61|
|Earnings date||19 Oct 2022 - 24 Oct 2022|
|Forward dividend & yield||0.60 (1.90%)|
|Ex-dividend date||14 Jul 2022|
|1y target est||38.37|
Long-term copper trends suggest significant demand due to its use in EVs, solar panels, and other items needed for the green energy transition.
Zacks.com users have recently been watching Freeport-McMoRan (FCX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The move comes after a copper price dip following some disappointing economic data from China. The bad data comes from China's closely followed survey of purchasing managers index (PMI), published by the National Bureau of Statistics. The reading of 49 for July (a reading above 50 indicates expansion) disappointed the market and suggested that China's weak patch would continue.