Freeport-McMoRan Inc
FCX: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| n# | LOCK|y! | LOCK|@LTgxp& |
Freeport-McMoRan Earnings: Strong Copper and Gold Prices More Than Offset Lower Sales Volumes
Freeport-McMoRan's second-quarter adjusted net profit after tax of $1.1 billion, or $0.74 per share, was up 37% year over year. The booming copper price and strong gold price more than offset lower sales volumes of each metal due to lower production at Grasberg.
