The Compelling Buy Case for Freeport-McMoRan Stock in 2023
Copper miner Freeport-McMoRan (NYSE: FCX) is an ideal choice if you are looking to add some commodity exposure to your portfolio. Industrial metals are traditionally seen as plays on a combination of the impact of cyclical global economic growth and, in particular, growing demand from China. However, there's reason to believe that the current cycle might be a bit different, and for two interconnected reasons, Freeport-McMoRan is ideally placed to benefit.
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First, there's the case for copper, which is based on rising demand drivers and increasing challenges to supply growth. Together, these conditions will create an environment of rising prices.
Source Fool.com
Freeport-McMoRan Inc. Stock
€45.16
-2.210%
Freeport-McMoRan Inc. is currently one of the favorites of our community with 17 Buy predictions and no Sell predictions.
As a result the target price of 51 € shows a slightly positive potential of 12.94% compared to the current price of 45.16 € for Freeport-McMoRan Inc..
