Freeport-McMoRan Inc (FCX) is a global leader in copper and gold mining, with operations in the United States, South America, and Indonesia. The company has been a major player in the industry since its founding in 1912. As of 2023, FCX has a market capitalization of $31.2 billion and is a component of the S&P 500 Index. Today, Freeport-McMoRan stock is up over 8% in the last 12 months and is one of the top performers in the metals and mining sector.
Freeport-McMoRan Stock Price History Since Its IPO
Freeport-McMoRan has gone public twice in its history. The company first went public in 1972 and then again in 1989. From 1972 to 1989, the stock price rose from $3.50 to $20.50 per share. In 1989, Freeport-McMoRan merged with McMoRan Oil & Gas and the stock price rose to $30.50 per share. From 1989 to the present, the stock has seen several highs and lows, but the overall trend has been positive.
Freeport-McMoRan Stock Price History Since The Merger
The merger between Freeport-McMoRan and McMoRan Oil & Gas in 1989 had a major impact on the stock price. Immediately following the merger, the stock price rose from $30.50 to $54.50 per share. This increase was largely attributed to the positive news surrounding the merger. The stock price then dropped back to the $30 range in the early 1990s, but has since seen a steady increase.
Freeport-McMoRan Stock Price History Since 2000
Since 2000, Freeport-McMoRan has seen a steady increase in its stock price. The stock reached its all-time high of $68.50 per share in 2008. This increase was largely attributed to the company’s acquisition of Phelps Dodge in 2007, which significantly increased its copper reserves. Since then, the stock has seen several ups and downs, but has remained relatively stable.
Freeport-McMoRan Stock Price History Since 2012
The stock price of Freeport-McMoRan has seen a steady increase since 2012. In 2013, the company announced a major expansion of its copper operations in Indonesia, which further increased its stock price. Since then, the stock has seen several highs and lows, but has stayed within a range of $20 to $30 per share. In the last 12 months, the stock has seen an 8% increase, which is higher than the overall market.
Freeport-McMoRan Stock Price History Since 2016
In 2016, Freeport-McMoRan announced a major restructuring of its operations. This included the sale of its oil and gas business to Chevron, which resulted in a significant increase in the stock price. Since then, the stock has seen a steady increase, reaching a high of $36.50 per share in early 2023. Since then, the stock has seen some fluctuations, but has remained relatively stable.
Freeport-McMoRan Stock Price History Since 2018
Since 2018, Freeport-McMoRan has seen a steady increase in its stock price. The company has been able to increase its copper production, which has resulted in a positive outlook for the stock. In the last 12 months, the stock has seen an 8% increase, which is higher than the overall market. In the future, investors are expecting the stock to continue to increase in value.
Freeport-McMoRan Stock Price Forecast For The Future
Freeport-McMoRan is expected to continue to be a major player in copper and gold mining. The company has been able to increase its copper production and has seen a steady increase in its stock price. In the future, investors are expecting the stock to continue to increase in value, as the company looks to expand its operations. Overall, Freeport-McMoRan stock is expected to continue to be a good investment for the long-term.
Conclusion
Freeport-McMoRan has been a major player in copper and gold mining since its founding in 1912. Over the years, the stock has seen several highs and lows, but its overall trend has been positive. In the last 12 months, the stock has seen an 8% increase, which is higher than the overall market. In the future, investors are expecting the stock to continue to increase in value, as the company looks to expand its operations.