Freeport-McMoRan Slumps Amid Copper Tariff Fears

Freeport-McMoRan's stock has seen a sharp decline due to concerns over new U.S. tariffs on refined copper, which have reversed copper prices from record levels.

The company's year-to-date share price return of 36.86% and 1-year total shareholder return of 60.63% indicate momentum building over the longer term.

Bulls point to Freeport-McMoRan's copper leverage, recent revenue and net income growth, and long runway of assets as reasons for optimism.