Freeport-McMoran Copper & Gold (FCX) Shares Cross Below Book Value

New York (July 23)  In trading on Thursday, shares of Freeport-McMoran Copper & Gold (Symbol: FCX) crossed below their last reported book value - defined as common shareholder equity per share - of $13.52, changing hands as low as $13.30 per share. Freeport-McMoran Copper & Gold shares are currently trading down about 8.8% on the day. The chart below shows the one year performance of FCX shares, versus its 50 and 200 day moving averages: Freeport-McMoran Copper & Gold Moving Averages Chart

Looking at the chart above, FCX's low point in its 52 week range is $13.30 per share, with $39.05 as the 52 week high point - that compares with a last trade of $13.62. According to the ETF Finder at ETF Channel, FCX makes up 6.20% of the First Trust ISE Global Copper Index Fund ETF (Symbol: CU) which is trading lower by about 2.3% on the day Thursday.