Is Freeport-McMoRan's Recent Stock Slide a Buying Opportunity for Wise Investors?

The last couple of months have been highly eventful for Freeport-McMoRan (NYSE: FCX). The mining company has revised its full-year and 2026 sales expectations following an incident at a mine in Indonesia in early September. As you might expect, the stock price subsequently dipped -- falling 22% over two days in late September before recovering some of those losses.But is it enough to justify buying the stock, or is the copper and gold miner better to avoid right now?The incident occurred on the evening of Sept. 8 at the Grasberg Block Cave (GBC) in Central Papua, Indonesia. A sudden rush of 800,000 tons of wet material occurred at a production drawpoint and entered the mine. It traveled rapidly to multiple mine levels, including the service level of the mine, according to the company's press release. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool