Freeport-McMoran Loses 3% (FCX)

Shares of high flying mining company Freeport-McMoran FCX have lost 3.25% to $53.83 during Wednesday's trading session. The move in the stock comes along with a move lower in copper futures, which have lost 1.28% to $4.5155. In the last month, FCX shares have lost more than 8%, but have added more than 50% over the last 52-weeks. Freeport-McMoRan Copper & Gold Inc. (FCX), through its wholly owned subsidiary, Phelps Dodge Corporation (Phelps Dodge) is a copper, gold and molybdenum mining company. Its portfolio of assets includes the Grasberg minerals district in Indonesia, which contains the single recoverable copper reserve and the single gold reserve; mining operations in North and South America, and the Tenke Fungurume minerals district in the Democratic Republic of Congo (DRC).