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Should You Buy, Sell or Hold FCX Stock After a 47% Rally in 6 Months?
Freeport-McMoRan Inc. (FCX) shares have seen a 47.4% surge in the last six months, driven by increased copper prices and strategic growth initiatives. The company is focused on expanding its copper production capacity through various projects and demonstrates strong financial health with solid liquidity and capital discipline. Despite concerns about higher unit costs and lower expected sales volumes due to a mine incident, rising earnings estimates and favorable copper prices suggest potential for the stock.