Freeport-McMoRan(FCX)
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Is Freeport-McMoRan Stock Underperforming the Nasdaq?
Yahoo Finance· 2025-11-25 13:57
Core Viewpoint - Freeport-McMoRan Inc. has reported a mixed performance in its recent financial results, with revenue growth overshadowed by market challenges and a tragic incident at its Grasberg mine [5][6]. Company Overview - Freeport-McMoRan Inc. is a major global mining company focused on extracting copper, gold, and molybdenum, operating extensive mining assets including seven open-pit copper mines and two molybdenum mines in North America, as well as significant international operations like the Grasberg mine in Indonesia [1]. - The company is headquartered in Phoenix, Arizona, and has a market capitalization of $58.57 billion, classifying it as a "large-cap" stock [2]. Stock Performance - Freeport's stock reached a 52-week high of $49.12 on July 8 but has since declined nearly 17%, with a 5.8% drop over the past three months, contrasting with a 6.2% gain in the Nasdaq Composite index during the same period [3]. - Over the past 52 weeks, Freeport's stock has dropped by 6.7%, while it has increased by 4.5% over the past six months, compared to the Nasdaq Composite's gains of 19% and 19.7% respectively [4]. Financial Results - For the third quarter of fiscal 2025, Freeport reported revenues of $6.97 billion, a 2.7% year-over-year increase, surpassing Wall Street's expectations of $6.54 billion [5]. - The company's earnings per share (EPS) for the quarter was $0.46, reflecting a 27.8% annual increase, while adjusted EPS rose 31.6% year-over-year to $0.50, exceeding the expected $0.41 [6]. Comparative Performance - In comparison to Southern Copper Corporation, which has seen a 27.1% increase over the past 52 weeks and a 37.3% gain over the past six months, Freeport is identified as a clear underperformer [7].
Contact Levi & Korsinsky by January 12, 2026 Deadline to Join Class Action Against Freeport-McMoRan Inc.(FCX)
Prnewswire· 2025-11-25 13:45
Accessibility StatementSkip Navigation NEW YORK, Nov. 25, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Freeport- McMoRan Inc. ("Freeport-McMoRan Inc." or the "Company") (NYSE: FCX) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Freeport-McMoRan Inc. investors who were adversely affected by alleged securities fraud between February 15, 2022 and September 24, 2025. Follow the link below to get more information and be contacted by a ...
INVESTOR REMINDER: Important Freeport-McMoRan Inc. Securities Class Action Deadline Approaching on January 12 for Investors with Losses – Contact BFA Law
Globenewswire· 2025-11-25 13:31
Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. and certain senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Arizona, captioned Reed v. Freeport-McMoRan Inc., et al., No. 2:25-cv-04243 [3]. - Investors have until January 12, 2026, to request to be appointed to lead the case [3]. Group 2: Company Operations and Safety Claims - Freeport-McMoRan operates the Grasberg Copper and Gold Mine in Indonesia, where it has been accused of overstating its commitment to safety while conducting unsafe mining practices [4][5]. - The company had previously promoted its safety procedures, including the use of data and technology to prevent fatal incidents [4]. Group 3: Stock Price Impact - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) following a press release about suspended mining operations due to a landslide [6]. - Following an update on September 24, 2025, indicating two fatalities and a projected 4% and 6% decrease in copper and gold sales, the stock fell by $7.69 per share (almost 17%) [7]. - On September 25, 2025, reports of strained relations with the Indonesian government led to an additional drop of $2.33 per share (over 6%) [8]. - An Indonesian news report on September 28, 2025, suggested the incident was preventable, further impacting investor confidence [9].
Freeport-McMoRan Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before January 12, 2026 to Discuss Your Rights – FCX
Globenewswire· 2025-11-24 20:00
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 participate in potential recovery [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's status [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 McMoRan Inc. (FCX) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit - Robbins Geller Rudman & Dowd LLP
Businesswire· 2025-11-24 14:20
Nov 24, 2025 9:20 AM Eastern Standard Time Freeport McMoRan Inc. (FCX) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit - Robbins Geller Rudman & Dowd LLP Share SAN DIEGO--(BUSINESS WIRE)--The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Freeport-McMoRan Inc. (NYSE: FCX) publicly traded securities between February 15, 2022 and September 24, 2025, inclusive (the "Class Period†), have until January 12, 2026 to seek appointment ...
Class Action Filed Against Freeport-McMoRan Inc. (FCX) Seeking Recovery for Investors - Contact The Gross Law Firm
Prnewswire· 2025-11-24 13:45
Core Viewpoint - The Gross Law Firm has announced a class action lawsuit against Freeport-McMoRan Inc. (NYSE: FCX) for allegedly issuing false and misleading statements regarding safety practices at the Grasberg Block Cave mine in Indonesia, which may have led to increased risks for workers and potential regulatory and reputational consequences [1]. Group 1: Allegations and Class Period - The class period for the lawsuit is from February 15, 2022, to September 24, 2025 [1]. - Allegations include failure to ensure adequate safety measures at the Grasberg Block Cave mine, which posed a heightened risk of worker fatalities [1]. - The lawsuit claims that the defendants' statements about Freeport-McMoRan's business and operations were materially false and misleading due to the undisclosed risks [1]. Group 2: Next Steps for Shareholders - Shareholders who purchased FCX shares during the specified class period are encouraged to register for the class action by January 12, 2026 [2]. - Registered shareholders will receive updates through a portfolio monitoring software regarding the case's progress [2]. - Participation in the case incurs no cost or obligation for shareholders [2]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit 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 [3].
FCX COURT ALERT: Freeport-McMoRan Inc. Investors that Lost Money May have been Affected by Fraud -- Contact BFA Law by January 12
Globenewswire· 2025-11-23 12:33
Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. and certain senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][3]. Company Overview - Freeport-McMoRan Inc. is a mining company with its Indonesian affiliate operating as PT Freeport Indonesia, which manages the Grasberg Copper and Gold Mine [4]. Incident Details - On September 9, 2025, Freeport announced the suspension of mining operations at Grasberg due to a landslide, leading to a stock price drop of $2.77 per share, or over 5.9%, from $46.66 to $43.89 [6]. - On September 24, 2025, Freeport reported that two of the seven trapped individuals had died, and the remaining five were missing. This announcement caused the stock to drop by $7.69 per share, or nearly 17%, from $45.36 to $37.67 [7]. - Following reports of strained relations with the Indonesian government, the stock fell by $2.33 per share, or more than 6%, from $37.67 to $35.34 on September 25, 2025 [8]. - An Indonesian news report on September 28, 2025, indicated that the landslide was preventable, suggesting that Freeport had not adequately addressed known risks associated with its mining methods [9]. Legal Proceedings - Investors have until January 12, 2026, to request to lead the case in the U.S. District Court for the District of Arizona, under the caption Reed v. Freeport-McMoRan Inc., et al. [3].
ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Freeport-McMoRan Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - FCX
Globenewswire· 2025-11-23 00:47
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Freeport-McMoRan Inc. securities between February 15, 2022, and September 24, 2025, about the upcoming lead plaintiff deadline for a class action lawsuit set for January 12, 2026 [1][3] Group 1: Class Action Details - Investors who bought Freeport-McMoRan securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties can join by submitting a form or contacting the law firm [3][6] - The lawsuit alleges that Freeport-McMoRan made false or misleading statements regarding safety at the Grasberg Block Cave mine in Indonesia, which posed significant risks to workers and the company's reputation [5] Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in recovering hundreds of millions for investors [4] - The firm has been recognized for its leadership in securities class action settlements, achieving the largest settlement against a Chinese company and ranking highly in the industry since 2013 [4]
FCX SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces that Freeport-McMoran Systems Investors Have Opportunity to Lead Class Action Lawsuit
Newsfile· 2025-11-22 12:29
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Freeport-McMoRan Inc. due to allegations of violations of federal securities laws related to safety issues at the Grasberg Block Cave mine in Indonesia, which led to significant investor losses [3][6]. Group 1: Allegations and Incidents - The complaint alleges that Freeport and its executives made false or misleading statements regarding safety at the Grasberg Block Cave mine, failing to disclose risks that could foreseeably lead to worker fatalities [6]. - On September 9, 2025, Freeport suspended mining activities at the Grasberg Block Cave after an incident trapped seven workers, resulting in a stock price drop of $2.77, or 5.9%, to close at $43.89 per share [7][8]. - Following an update on September 24, 2025, revealing two fatalities among the trapped workers, Freeport's stock price fell by $7.69, or 17%, closing at $37.67 per share [8]. - A subsequent article on September 25, 2025, indicated that the halt in production could strain Freeport's relationship with the Indonesian government, leading to another stock price decline of $2.33, or 6.2%, to close at $35.34 [9]. Group 2: Legal Actions and Investor Information - Investors who purchased Freeport securities between February 15, 2022, and September 24, 2025, are encouraged to discuss their legal rights and options for participating in a class action lawsuit [2][3]. - The deadline for seeking the role of lead plaintiff in the federal securities class action is January 12, 2026 [3]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Freeport's conduct [11].
FCX ALERT: Freeport-McMoRan Inc. Investors that Suffered Losses are Notified of the Pending Securities Fraud Lawsuit and to Contact BFA Law by January 12 Deadline
Newsfile· 2025-11-22 11:18
Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. for securities fraud, following significant stock drops attributed to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Arizona, titled Reed v. Freeport-McMoRan Inc., et al., No. 2:25-cv-04243 [3]. - Investors have until January 12, 2026, to request to lead the case [3]. - The complaint alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. Group 2: Company Operations and Safety Claims - Freeport operates the Grasberg Copper and Gold Mine in Indonesia through its affiliate PT Freeport Indonesia [4]. - The company has previously emphasized its commitment to safety, utilizing data, technology, and behavioral science to prevent incidents [4]. - Allegations suggest that Freeport overstated its safety commitment while engaging in unsafe mining practices that could lead to worker fatalities [5]. Group 3: Stock Price Impact - On September 9, 2025, Freeport's stock dropped by $2.77, or over 5.9%, following a press release about suspended mining operations due to a landslide [6]. - On September 24, 2025, after an update on the incident revealing two fatalities and five missing individuals, the stock fell by $7.69, or nearly 17% [7]. - Further reports indicated that the incident strained Freeport's relationship with the Indonesian government, leading to an additional stock drop of $2.33, or over 6%, on September 25, 2025 [8][9]. - An Indonesian news report on September 28, 2025, claimed the incident was preventable, further impacting investor confidence [10].