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Is Freeport-McMoRan Inc. (FCX) A Good Stock To Buy Now?

Is FCX a good stock to buy? We came across a bullish thesis on Freeport-McMoRan Inc. on Darius Dark Investing’s Substack. In this article, we will summarize the bulls’ thesis on FCX. Freeport-McMoRan Inc.'s share was trading at $64.25 as of June 9th. FCX’s trailing and forward P/E were 33.99 and 23.81 respectively according to Yahoo Finance.

[caption id="attachment_1678029" align="aligncenter" width="768"] Photo from Hycroft Mining website[/caption]

Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. FCX is...