Is Freeport-McMoRan stock a buy amid surging copper price?

On Thursday, Freeport-McMoRan Inc. (NYSE:FCX) shares rallied more than 8% as the copper price extended Wednesday’s gains. The Comex December copper futures price registered a 2.3% increase to $4.244 per pound, while London copper rose 2.6% to $9,280 per ton. Freeport-McMoRan shares still trade more than 23% below the current 52-week high of $46.10 reached […]