Core Viewpoint - Freeport-McMoRan has adjusted its production expectations for the Grasberg mine following an investigation into a mud-flow incident, leading to lower multi-year production guidance while indicating that operational challenges are beginning to ease [1][2]. Production Guidance - The updated production outlook for 2026 includes an expected output of 1.0 billion pounds of copper and 0.9 million ounces of gold, which is 8% and 14% lower than previous forecasts [4]. - For 2027, the guidance is set at 1.5 billion pounds of copper and 1.2 million ounces of gold, reflecting reductions of 15% and 19% respectively compared to earlier models [5]. Capital Expenditure - The capital expenditure guidance for 2026 has been reduced to $4.1 billion from a prior estimate of $5.2 billion, indicating deferred spending plans [5]. Analyst Revisions - Scotiabank analyst Orest Wowkodaw upgraded Freeport-McMoRan to Sector Outperform, citing improved multi-year visibility and a strong balance sheet despite lowering his 12-month price forecast to $47 from $51 [1][2][3]. - Morgan Stanley's Carlos De Alba maintained an Overweight rating while lowering the price target from $46 to $44, and BMO Capital Markets analyst Katja Jancic reiterated an Outperform rating with a price target adjustment from $48 to $47 [6]. Market Reaction - Following the updates, Freeport-McMoRan shares experienced a rise of 3.42%, trading at $41.37 [6].

Core Viewpoint - A shareholder has filed a securities class action lawsuit against Freeport-McMoran Inc. for alleged misrepresentations regarding safety at the Grasberg Block Cave mine in Indonesia, affecting investors who purchased securities between February 15, 2022, and September 24, 2025 [1][3]. Group 1 - The lawsuit is on behalf of investors who acquired Freeport securities during the specified period [1]. - The allegations focus on misrepresentations made by the defendants concerning safety issues at the Grasberg Block Cave mine [3]. - Investors interested in participating in the lawsuit must file papers by January 12, 2026, to serve as lead plaintiff [4]. Group 2 - Bernstein Liebhard LLP, the law firm handling the case, has recovered over $3.5 billion for clients since 1993 and has a strong track record in class action litigation [5]. - The firm has been recognized multiple times in legal industry rankings, indicating its reputation and experience in handling such cases [5].

Core Viewpoint - Freeport-McMoRan Inc. (FCX) has experienced a decline in stock price, falling below the 200-day simple moving average, despite reporting increased revenues and profits due to higher copper and gold prices. The company's guidance indicates rising unit costs and lower expected sales volumes for copper and gold [1][7][28]. Stock Performance - FCX's stock has dropped 5.3% over the past month, outperforming the Zacks Mining - Non Ferrous industry, which declined by 8.6%, but underperforming the S&P 500's 1.2% drop. Competitors Southern Copper Corporation (SCCO) and BHP Group Limited (BHP) have seen losses of 8.3% and 5.5%, respectively [5]. Financial Performance - In Q3 2025, FCX reported operating cash flows of approximately $1.7 billion, with a strong liquidity position of $4.3 billion in cash and equivalents, and $3 billion available under its revolving credit facility [13]. The company ended the quarter with a net debt of $1.7 billion, below its target range of $3-$4 billion [14]. Production and Expansion Plans - FCX is focused on expanding its copper output, with significant projects underway, including a large-scale concentrator expansion at Cerro Verde in Peru, which is expected to add around 600 million pounds of copper annually [10]. The company is also evaluating expansion opportunities at El Abra in Chile and conducting pre-feasibility studies in Arizona [11]. Copper and Gold Prices - The average realized copper price for FCX increased nearly 9% year-over-year to $4.68 per pound in Q3 2025, contributing positively to its financial results [19]. However, copper prices have shown volatility, with fluctuations influenced by global economic conditions [17][18]. Cost and Sales Volume Challenges - FCX's average unit net cash cost per pound of copper rose to $1.40 in Q3 2025, a 24% increase from the previous quarter, driven by lower sales volumes [20]. The company anticipates further increases in unit costs and a significant decline in copper sales volumes for Q4 2025 due to operational suspensions at the Grasberg mine [21][23]. Earnings Estimates - Earnings estimates for FCX have been revised downward over the past 60 days, indicating a cautious outlook for the company [24]. Valuation - FCX is currently trading at a forward price/earnings ratio of 21.34X, which is a premium to the industry average of 20.3X, but at a discount to Southern Copper and a premium to BHP Group [25]. Investment Outlook - Despite the challenges posed by weaker sales volume outlook and higher expected unit costs, FCX's strong financial health and ongoing expansion projects suggest a potential for future growth. Holding the stock is recommended for current investors [28].

NEW YORK, Nov. 19, 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 ...

Group 1 - The core viewpoint of the article highlights a rebound in copper prices, with investors viewing recent price declines as an opportunity to enter the market [1][2] - LME three-month copper rose by 0.9% to $10,812 per ton, influenced by positive sentiment in the stock market ahead of Nvidia's earnings report [2] - Supply factors, particularly global mine shutdowns, have also contributed to the rise in copper prices, with Freeport-McMoRan planning to restart production at the Grasberg copper-gold mine in Indonesia by July next year [3] Group 2 - Freeport-McMoRan's Grasberg mine was previously shut down due to a fatal accident, and the company expects its copper and gold output to remain stable at approximately 1 billion pounds of copper and 90 million ounces of gold by 2026 [3] - Other base metals also saw price movements, with three-month zinc up 0.8% to $3,014 per ton, aluminum up 1% to $2,808.50 per ton, lead down 0.1% to $2,022 per ton, and tin up 1.7% to $37,505 per ton [3]

麦克莫兰铜金(FCX.US)盘前续涨近2%，报40.76美元。消息面上，麦克莫兰铜金宣布，计划自2026年第 二季度起分阶段重启并恢复其位于印度尼西亚巴布亚省的格拉斯伯格矿区的大规模生产。今年9月，该 矿区发生泥石流事故，导致生产一度中断。(格隆汇) ...

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of investors who purchased Freeport-McMoRan Inc. securities between February 15, 2022, and September 24, 2025, alleging misleading statements and safety issues at the Grasberg Block Cave mine in Indonesia [2][6]. Group 1: Lawsuit Details - The lawsuit claims that Freeport-McMoRan failed to ensure adequate safety at its Grasberg Block Cave mine, leading to heightened risks for workers [6]. - It is alleged that the company's statements regarding its business operations and prospects were materially false and misleading due to undisclosed risks [6]. - Investors who purchased securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [3]. Group 2: Next Steps for Investors - Investors wishing to join the class action must move the Court by January 12, 2026, to serve as lead plaintiff [4]. - Interested parties can join the class action by visiting the provided link or contacting the law firm directly for more information [4][7]. - It is noted that no class has been certified yet, and investors are encouraged to select qualified counsel with a successful track record [5].

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 resulted in significant investor losses [2][5]. Group 1: Legal Investigation and Claims - The firm is encouraging investors who suffered losses in Freeport-McMoRan to contact them directly to discuss their legal rights [1]. - There is a deadline of January 12, 2026, for investors to seek the role of lead plaintiff in a federal securities class action against Freeport [2]. - The complaint alleges that Freeport and its executives made false or misleading statements regarding safety at the Grasberg mine, which posed a heightened risk to workers [5]. Group 2: Incident and Stock Price Impact - On September 9, 2025, Freeport suspended mining activities at the Grasberg mine after an incident trapped seven workers, leading to a stock price drop of $2.77, or 5.9%, closing at $43.89 per share [6]. - Following an update on September 24, 2025, revealing two fatalities among the trapped workers, Freeport's stock fell by $7.69, or 17%, to close at $37.67 per share [7]. - Additional news on September 25, 2025, regarding the impact of the production halt on Freeport's relationship with the Indonesian government caused the stock to drop by $2.33, or 6.2%, closing at $35.34 [8][9]. Group 3: Expert Opinions and Class Action Details - An article published on September 28, 2025, suggested that the landslide at the Grasberg mine was preventable, indicating that the risks should have been anticipated [9]. - The lead plaintiff in the class action will be the investor with the largest financial interest who is adequate and typical of class members [9]. - Faruqi & Faruqi encourages anyone with information regarding Freeport's conduct to come forward, including whistleblowers and former employees [10].

Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoran Inc. concerning allegations of securities fraud and unlawful business practices related to a mining incident in Indonesia [2]. Group 1: Lawsuit Details - The lawsuit involves claims that Freeport and certain officers and/or directors engaged in securities fraud or other unlawful business practices [2]. - Investors have until January 12, 2026, to request to be appointed as Lead Plaintiff if they purchased Freeport securities during the Class Period [2]. Group 2: Incident Overview - On September 9, 2025, Freeport announced the suspension of mining activities at its Grasberg Block Cave operation due to a large flow of wet material that trapped seven workers [2]. - Following this announcement, Freeport's stock price fell by $2.80 per share, or 5.99%, closing at $43.87 per share [2]. - On September 24, 2025, Freeport reported that two of the seven trapped workers were fatally injured and the remaining five were still missing, leading to a further stock price decline of $7.69 per share, or 16.95%, closing at $37.67 per share [2].

Core Points - Freeport-McMoRan provided an update on the restart plans for the Grasberg Minerals District following an incident reported on September 8 [1] - The company issued a press release and made presentation materials available on its website [1] - A video detailing the underground mining process at Grasberg was also posted on the company's website [1] Conference Call Details - The conference call is being broadcast live on the Internet, accessible via the company's homepage [2] - Analysts, investors, and the financial press have been invited to listen to the call [2] - A replay of the webcast will be available on the company's website [2]