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What's Next For Freeport Stock After Grasberg Disruption?
Forbes· 2025-12-04 14:45
Core Insights - Freeport-McMoRan's Q3 2025 revenues rose to approximately US$6.97 billion, a modest increase from US$6.79 billion in Q3 2024, despite a decline in production and sales due to operational disruptions at the Grasberg Mine [2][3] - The company reported a net income of around US$674 million, or US$0.46 per share, up from US$0.36 in the same quarter last year, driven by higher realized commodity prices [2][3] - Copper production decreased by roughly 13.2% year-over-year to 912 million pounds, with consolidated copper sales dropping to 977 million pounds from 1,035 million pounds a year ago [2][3] Production and Operational Challenges - A significant safety incident at the Grasberg Mine in September 2025 led to a halt in operations, resulting in a force-majeure declaration for exports from Indonesia [3][5] - Despite reduced production volumes, Freeport maintained profitability due to higher average commodity prices, with copper averaging US$4.68 per pound (up ~9% year-over-year) and gold at approximately US$3,539 per ounce [3][5] Financial Performance and Cost Management - The consolidated unit net cash cost for copper remained stable at approximately US$1.40 per pound, below guidance expectations, indicating effective cost management [4] - Operating cash flow for Q3 reached over US$1.6 billion, despite a decrease compared to the previous quarter, showcasing the company's financial resilience [4] Geographic Diversification and Future Outlook - Freeport's operations in the Americas continue to produce copper, gold, and molybdenum, providing geographic diversification that mitigates the impact of the Grasberg disruption [4][6] - The company commenced the quarter with strong cash reserves and manageable debt, allowing flexibility to navigate current challenges and sustain investments [5][6] - Future performance will depend on the speed of restoring output at Grasberg and the strength of global demand for copper and gold, driven by infrastructure and renewable energy projects [5][7] Investment Valuation - Freeport's stock is valued at $46, approximately 7% above the current market price, reflecting a solid opportunity for rebound given its global presence and balanced mix of metals [7]
What's Next With Freeport Stock?
Forbes· 2025-12-04 14:10
Core Insights - Freeport-McMoRan's revenues in Q3 2025 rose to approximately US$6.97 billion, a modest increase from US$6.79 billion in Q3 2024, with net income attributable to common stock at around US$674 million, or US$0.46 per share, up from US$0.36 in the same quarter last year [2][3] Financial Performance - The company faced a decline in production, with copper output decreasing by roughly 13.2% year-over-year to 912 million pounds, and consolidated copper sales dropping to 977 million pounds from 1,035 million pounds a year ago [2][3] - Despite production challenges, Freeport maintained profitability due to higher realized commodity prices, with copper averaging US$4.68 per pound (up ~9% year-over-year) and gold reaching ~US$3,539 per ounce [3][4] - The consolidated unit net cash cost for copper remained approximately US$1.40 per pound, nearly unchanged from the previous year, and below guidance expectations [4] Operational Challenges - A significant safety and operational disruption at the Grasberg Mine in Indonesia, caused by a "mud-rush" incident, led to a halt in operations and a force-majeure declaration for exports [3][6] - The company has indicated a phased restart plan for Grasberg, but production losses in Q3 and guidance suggesting 2025 volumes may remain below previous estimates could pose challenges [6][7] Strategic Positioning - Freeport's operations in the Americas continue to produce copper, gold, and molybdenum, providing geographic diversification that lessens the impact of the Grasberg disruption [4][5] - The company commenced the quarter with substantial cash reserves and a manageable debt load, offering flexibility to navigate the current crisis and sustain investments [5] Market Outlook - Future performance will depend on the speed of restoring output at Grasberg and the strength of global demand for copper and gold, driven by infrastructure projects and renewable energy initiatives [6][8] - Freeport's extensive global presence, balanced mix of metals, and sound financial health present a solid opportunity for rebound, assuming key mines can safely restart and commodity demand remains strong [8]
Contact The Gross Law Firm by January 12, 2026 Deadline to Join Class Action Against Freeport-McMoRan Inc.(FCX)
Prnewswire· 2025-12-04 14:00
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Freeport-McMoRan Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements related to safety practices at its Grasberg Block Cave mine in Indonesia [1][2]. Group 1: Allegations - The complaint alleges that Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine, which heightened the risk of worker fatalities [1]. - It is claimed that the lack of proper safety precautions led to undisclosed regulatory, litigation, and reputational risks for the company [1]. - The statements made by the defendants regarding Freeport-McMoRan's business operations and prospects were materially false and misleading, lacking a reasonable basis during the class period [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 15, 2022, to September 24, 2025 [1]. - Shareholders who purchased shares during this period are encouraged to register for the class action, with a deadline to seek lead plaintiff status set for January 12, 2026 [2]. - Participants will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle, with no cost or obligation to participate [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting the rights of investors affected by deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Freeport-McMoRan Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - FCX
Newsfile· 2025-12-04 02:45
Core Viewpoint - Rosen Law Firm is encouraging investors of Freeport-McMoRan Inc. to secure legal counsel before the January 12, 2026 deadline for a securities class action lawsuit related to the company's operations during the specified class period from February 15, 2022, to September 24, 2025 [1][2]. Group 1: Class Action Details - Investors who purchased Freeport-McMoRan securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the court to serve as lead plaintiff by January 12, 2026 [3]. - The lawsuit alleges that Freeport-McMoRan made false or misleading statements regarding safety measures at the Grasberg Block Cave mine in Indonesia, which led to increased risks for workers and potential regulatory and reputational consequences [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company [4]. - The firm has been ranked highly for its number of securities class action settlements and has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].
January 12, 2026 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against FCX
Globenewswire· 2025-12-03 21:15
Core Viewpoint - The Gross Law Firm is notifying shareholders of Freeport-McMoRan Inc. regarding a class action lawsuit due to alleged misleading statements and safety issues at the Grasberg Block Cave mine in Indonesia [1][3]. Group 1: Allegations - The complaint alleges that Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine [3]. - It is claimed that the lack of proper safety precautions posed a heightened risk that could foreseeably lead to worker fatalities [3]. - The allegations include that these safety issues constituted undisclosed risks of regulatory, litigation, and reputational damage [3]. - As a result, statements made by the defendants regarding Freeport-McMoRan's business and operations were materially false and misleading [3]. Group 2: Class Action Details - The class period for the lawsuit is from February 15, 2022, to September 24, 2025 [3]. - Shareholders are encouraged to register for the class action by January 12, 2026, to potentially be appointed as lead plaintiffs [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].
FREEPORT STOCK ALERT: Freeport-McMoRan Inc. (FCX) Investors Reminded to Contact BFA Law Prior to the January 12 Deadline in Securities Fraud Class Action
Newsfile· 2025-12-03 20:36
FREEPORT STOCK ALERT: Freeport-McMoRan Inc. (FCX) Investors Reminded to Contact BFA Law Prior to the January 12 Deadline in Securities Fraud Class ActionDecember 03, 2025 3:36 PM EST | Source: Bleichmar Fonti & AuldNew York, New York--(Newsfile Corp. - December 3, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Freeport-McMoRan Inc. (NYSE: FCX) and certain of the Company's senior executives for securities fraud after s ...
Freeport-McMoran Inc. Class Action Reminder: Robbins LLP Reminds FCX Investors About the Securities Fraud Class Action Lawsuit
Prnewswire· 2025-12-03 20:09
Core Viewpoint - Freeport-McMoran Inc. is facing a class action lawsuit due to allegations of misleading investors about safety conditions at its mines, particularly the Grasberg Block Cave mine in Indonesia, which has resulted in worker fatalities and stock price declines [1]. Group 1: Company Overview - Company: Freeport-McMoran Inc. (NYSE: FCX) is a mining company [1]. - Class period for the lawsuit is from February 15, 2022, to September 24, 2025 [1]. Group 2: Allegations - The lawsuit claims that Freeport failed to disclose inadequate safety measures at the Grasberg Block Cave mine, which posed a heightened risk of worker fatalities [1]. - The complaint states that the lack of safety precautions led to regulatory, litigation, and reputational risks that were not disclosed to investors [1]. - Following an incident on September 9, 2025, where seven workers could not evacuate safely, Freeport's stock price declined, and it fell further on September 24, 2025, after two workers were reported fatally injured [1]. Group 3: Legal Proceedings - Shareholders wishing to serve as lead plaintiffs must file their papers by January 12, 2026 [1]. - Participation in the class action is not required to be eligible for recovery, and shareholders can remain absent class members if they choose [1].
SHAREHOLDER ALERT: Bernstein Liebhard LLP Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Freeport-McMoran Inc. (NYSE: FCX)
Globenewswire· 2025-12-03 17:45
NEW YORK, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, announces that a complaint was filed in the United States District Court for the District of Arizona on behalf of investors (the “Class”) who purchased or acquired the securities of Freeport-McMoran Inc. (“Freeport” or the “Company”) (NYSE: FCX) between February 15, 2022 and September 24, 2025, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company and certa ...
FCX NEWS: Freeport-McMoRan Inc. Sued for Securities Fraud after Stock Plummets 25% -- Investors Notified to Contact BFA Law by January 12 Deadline
Globenewswire· 2025-12-03 12:46
NEW YORK, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Freeport-McMoRan Inc. (NYSE: FCX) and certain of the Company’s senior executives for securities fraud after significant stock drops resulting from the potential violations of the federal securities laws. If you invested in Freeport, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/freeport-mcmoran-inc-clas ...
FCX COURT ALERT: Freeport-McMoRan Inc. Investors are Notified the Company has been Sued for Securities Fraud and are Notified to Contact BFA Law by January 12
Newsfile· 2025-12-02 20:33
FCX COURT ALERT: Freeport-McMoRan Inc. Investors are Notified the Company has been Sued for Securities Fraud and are Notified to Contact BFA Law by January 12December 02, 2025 3:33 PM EST | Source: Bleichmar Fonti & AuldNew York, New York--(Newsfile Corp. - December 2, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Freeport-McMoRan Inc. (NYSE: FCX) and certain of the Company's senior executives for securities fraud af ...