Freeport-McMoRan Stock Overvalued After Rising 3x In 6 Months

After rising more than 3x since its March lows of this year, at the current price of $16 per share, we believe Freeport-McMoRan stock has reached its near-term potential. FCX stock has rallied from $5 to $16 off its recent bottom compared to the S&P 500 which increased 52% from its March lows...