Barrow Hanley Mewhinney & Strauss Adds $389M in Freeport-McMoRan Inc. ($FCX)
Key Points
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Barrow Hanley Mewhinney & Strauss increased its position in Freeport-McMoRan Inc. ($FCX) by 169.30% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,829,134 shares of Freeport-McMoRan Inc. after buying 6,179,224 shares during the quarter. Barrow Hanley Mewhinney & Strauss's holdings in Freeport-McMoRan Inc. were worth $618.15 million as of its most recent filing.
Freeport-McMoRan Inc. Stock Down 17.7%
Shares of Freeport-McMoRan Inc. ($FCX) traded around $62.89 on Saturday, down 17.7% for the day.
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About Freeport-McMoRan Inc.
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. The company was incorporated in 1987 and is headquartered in Phoenix, Arizona.
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