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Stock impact report

Freeport-McMoRan Rides Record Copper Prices With Disciplined Growth Focus [Yahoo! Finance]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Copper prices recently reached all time highs, benefiting Freeport-McMoRan as one of the largest listed copper producers, NYSE:FCX. The company reaffirmed its focus on disciplined capital spending and cash flow, while highlighting flexible shareholder return policies. Management linked its current positioning to global demand for copper from electrification and technology driven uses, alongside speculative trading activity. Freeport-McMoRan, NYSE:FCX, is closely tied to this copper move, with a current share price of $64.67 and a 1 year return of 79.7%. The stock is also up 24.5% over the past month and 24.5% year to date, reflecting how closely investor attention is tied to copper pricing and the company's role in supplying the metal. For you as an investor, the recent update on capital discipline and cash flow is just as important as the record copper price backdrop. The company's focus on measured growth projects, flexible shareholder returns, and exposure to long term ele Show less Read more
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