Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona.

Raymond James lowered the firm’s price target on Freeport-McMoRan (FCX) to $53 from $57 and keeps an Outperform rating on the ...

Towards the end of 2019, the subsidiary completed mining the final phase of the Grasberg open pit. From 1990 to 2019, the pit produced 33 billion pounds of copper and 53 million ounces of gold ...