In its upcoming report, Freeport-McMoRan (FCX) is predicted by Wall Street analysts to post quarterly earnings of $0.29 per share, reflecting an increase of 7.4% compared to the same period last year. Revenues are forecasted to be $6.08 billion, representing a year-over-year increase of 3%.The consensus EPS estimate for the quarter has undergone a downward revision of 19.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their ini ...

In the latest trading session, Freeport-McMoRan (FCX) closed at $40.03, marking no change from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.21% for the day. On the other hand, the Dow registered a loss of 0.16%, and the technology-centric Nasdaq decreased by 0.89%.Coming into today, shares of the mining company had gained 3.41% in the past month. In that same time, the Basic Materials sector lost 5.13%, while the S&P 500 lost 1.56%.Analysts and investors alike will be keepi ...

Company Performance - Freeport-McMoRan is expected to report EPS of $0.38, reflecting a 40.74% increase from the prior-year quarter [1] - The consensus estimate for quarterly revenue is $6.02 billion, which is a 1.91% increase from the year-ago period [1] - For the full year, analysts expect earnings of $1.49 per share and revenue of $25.86 billion, indicating changes of -3.25% and +13.13% respectively from last year [10] Valuation Metrics - Freeport-McMoRan currently has a PEG ratio of 2.68, compared to the Mining - Non Ferrous industry's average PEG ratio of 0.92 [3] - The company has a Forward P/E ratio of 25.69, which is a premium relative to the industry's average Forward P/E of 19.3 [7] Stock Performance - Shares of Freeport-McMoRan have depreciated by 12.61% over the past month, underperforming the Basic Materials sector's loss of 8.81% and the S&P 500's loss of 0.71% [5] - The most recent trading session ended with Freeport-McMoRan at $38.88, reflecting a +1.66% shift from the previous trading day's closing [9] Analyst Sentiment - Recent revisions to analyst forecasts for Freeport-McMoRan are important, as upward revisions indicate analysts' positivity towards the company's business operations [6] - The Zacks Rank for Freeport-McMoRan is currently 3 (Hold), with a 1.22% fall in the Zacks Consensus EPS estimate over the past month [11] Industry Context - The Mining - Non Ferrous industry is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 135, placing it in the bottom 47% of all 250+ industries [12]

With 2024 nearing a close, now is a great time to reflect on your financial journey and look for stocks than can help you achieve your goals in 2025 and beyond. If your objectives include generating passive income, then you've come to the right place.Freeport-McMoRan (FCX -1.29%), York Water (YORW 0.49%), and PepsiCo (PEP 1.18%) have all tumbled this year while the broader indexes are hovering around all-time highs. Here's what makes all three dividend stocks compelling buys before the new year. Freeport-Mc ...

There's no way to avoid the elephant in the room. If the price of copper doesn't rise or stays within the current range, it won't make sense to buy copper miner Freeport-McMoRan (FCX -0.80%). That said, the investment case for the stock rests on the case for copper and some stock-specific reasons.Why copper is heading higherThe demand case for copper is robust and comes from the metal's importance to the clean energy transition and the electrification of everything megatrend. Electric cars, solar power, and ...

Investing in basic materials stocks often requires looking around corners into an opaque future. That’s been the case for shareholders of Freeport-McMoRan Inc. NYSE: FCX. For the last four years, the stock has been a better trade than it has been an investment. You can blame much of the volatility in FCX stock on the demand for copper.   Copper is a critical metal that is needed for many renewable energy applications such as electric vehicles (EVs), solar panels, and wind turbines. But it’s also a key metal ...

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.10 per share FCX The New York Stock Exchange FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ...

Richard Adkerson, CEO of Freeport McMoRan, looks on during Summit Address and Invitation to APEC ... [+] Peru 2024 at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 15, 2023. The APEC Summit takes place through November 17. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)AFP via Getty ImagesFreeport-McMoRan (NYSE: FCX), one of the largest producers of copper, has seen its stock underperform over the las ...

The investment case for the copper miner is based on long-term demand and its ability to expand supply.After being above $50 recently, copper, gold, and molybdenum miner Freeport McMoRan's (FCX 1.27%) stock has dipped to about $46.60 at the time of writing. Frankly, this looks like a good buying opportunity in a stock with plenty of long-term potential upside. Here are four reasons why.Valuation remains attractiveRead no further if you aren't bullish or at least agnostic about the outlook for the price of c ...

Company Overview - The company's total copper production on a 100% basis has remained nearly unchanged over a significant period, indicating stability in its production capacity [1] Analyst Background - The analyst, Hector Nieva Rollon, is a certified advisor accredited by CFA Society Spain and has extensive experience in investment analysis, focusing on macro-value-oriented approaches [1] - Hector has a strong background in professional services, with over a decade of experience across various industries, including hospitality, information technology, education, and automotive [1] - He has successfully cleared all three levels of the CFA curriculum at the first attempt, achieving results in the 90th percentile, and is now returning to share investment insights [1] Disclosure - The analyst holds a beneficial long position in the company's shares through stock ownership, options, or other derivatives [2] - The article expresses the analyst's own opinions and is not influenced by any compensation or business relationships with the mentioned company [2]