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After Falling 25%, What's Next For Freeport?

1. Freeport-McMoRan's stock fell 25% in 3 months amid economic concerns. 2. Copper prices are pressured by global slowdown, especially in China. 3. Q3 2024 revenue rose 16.6%, exceeding estimates despite lower copper sales. 4. Volatility persists in FCX stock due to external factors like copper prices. 5. Current valuation estimates $47, indicating a potential 20% upside.

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FAQ

Why Neutral?

Recent revenue growth suggests stability, but copper price volatility dampens outlook.

How important is it?

The article discusses factors affecting FCX stock that are crucial for investors.

Why Short Term?

Current market conditions may affect short-term performance more directly than long-term.

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