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Final Trades: Amgen, Caterpillar, Honeywell and Freeport-McMoran
CNBC Television· 2025-07-02 17:22
Stock Recommendations - Freeport-McMoRan (FCX) is breaking above resistance at $43 to $45, a level it has struggled with since 2021 [1] - Honeywell's breakup value is expected to unlock shareholder value [1] - Caterpillar's increased customer engagement is projected to increase sales [1] - An unnamed stock is showing a series of higher lows and breaking out above the 200-day moving average [1]
Here's Why Freeport-McMoRan (FCX) is a Strong Momentum Stock
ZACKS· 2025-07-02 14:56
Company Overview - Freeport-McMoRan Inc. is engaged in mineral exploration and development, mining and milling of copper, gold, molybdenum, and silver, as well as smelting and refining of copper concentrates [11] - The company operates primarily through subsidiaries, with its principal asset being the Grasberg mine in Papua, Indonesia, which contains the world's largest copper and gold reserves [11] Investment Ratings - Freeport-McMoRan has a Zacks Rank of 3 (Hold) and a VGM Score of B, indicating a moderate investment outlook [12] - The company has a Momentum Style Score of B, with shares increasing by 9.5% over the past four weeks [12] Earnings Estimates - For fiscal 2025, three analysts have revised their earnings estimates upwards in the last 60 days, with the Zacks Consensus Estimate increasing by $0.07 to $1.69 per share [12] - Freeport-McMoRan boasts an average earnings surprise of 10.5%, suggesting potential for positive performance [12] Investment Considerations - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, Freeport-McMoRan is recommended for investors' consideration [13]
继镍业繁荣后 印尼铜冶炼行业吸引投资者兴趣
Wen Hua Cai Jing· 2025-06-27 01:33
Group 1: Investment in Nickel and Copper Industry - Indonesia has attracted over $80 billion in investments for nickel smelting plants over the past decade, and is rapidly becoming a significant player in the copper smelting industry as global demand for copper rises [1] - In the past year, Indonesia has attracted over $9 billion in investments in the copper sector, including a large copper refining facility by Freeport Indonesia in East Java and a new smelting plant by Amman Mineral in West Nusa Tenggara [1][2] - The Indonesian Chamber of Commerce and Industry anticipates more copper smelting plants will emerge, contingent on sufficient financing and long-term investments [2] Group 2: Demand for Copper in Electric Vehicles - Analysts indicate that interest in copper processing plants is increasing, driven by the significant rise in electric vehicle production, with each battery pack for medium-sized electric vehicles containing approximately 10% copper, or about 80 kilograms [2] - By 2030, Indonesia's annual sales of four-wheeled electric vehicles are expected to reach 195,000 units, and two-wheeled electric vehicles are projected to reach 5 million units, with each four-wheeled vehicle requiring 83 kilograms of copper [3] Group 3: Current and Future Copper Production - Freeport Indonesia's copper refining facility in East Java is expected to produce at least 1.1 million tons of cathode copper annually, moving the country from sixth to fifth in global rankings for this category [4] - The new copper refining facility in East Java resumed operations in late May after a temporary closure due to a fire, with a processing capacity of 1.7 million tons of copper concentrate, yielding 650,000 tons of cathode copper [4][5] - Amman Mineral began producing cathode copper in March and is currently fine-tuning new equipment to achieve full and continuous capacity, with a processing capacity of 900,000 tons of copper concentrate [5] Group 4: Investment Potential and Industry Gaps - Indonesia has 220.3 million tons of copper reserves, ranking 10th globally, but its refined copper output ranks 16th, indicating a significant investment potential in the copper refining sector [3] - The current copper processing facilities primarily produce anode copper for decorative coatings and cathode copper for electric vehicle batteries, but there is a lack of facilities for producing sintered copper products for automotive electrical systems [3][4]
Why Freeport-McMoRan (FCX) is a Top Value Stock for the Long-Term
ZACKS· 2025-06-26 14:45
Company Overview - Freeport-McMoRan Inc. is engaged in mineral exploration and development, mining and milling of copper, gold, molybdenum, and silver, as well as smelting and refining of copper concentrates [11] - The company operates primarily through its subsidiaries, including PT Freeport Indonesia, Freeport Minerals Corporation, and Atlantic Copper [11] - PT Freeport Indonesia's principal asset is the Grasberg mine in Papua, Indonesia, which contains the world's largest copper and gold reserves [11] Investment Ratings - Freeport-McMoRan has a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating a solid overall rating [12] - The company has a Value Style Score of B, supported by attractive valuation metrics such as a forward P/E ratio of 24.84 [12] - Four analysts have revised their earnings estimates upwards for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.07 to $1.68 per share [12] Earnings Performance - Freeport-McMoRan has an average earnings surprise of 10.5%, suggesting a history of exceeding earnings expectations [12] - The upward revisions in earnings estimates indicate positive sentiment among analysts regarding the company's future performance [12] Investment Consideration - With a solid Zacks Rank and top-tier Value and VGM Style Scores, Freeport-McMoRan is recommended for investors' consideration [13]
Freeport-McMoRan: Copper Price Strength Improves The Valuation Case (Rating Upgrade)
Seeking Alpha· 2025-06-25 13:14
Group 1 - Copper prices are currently consolidating in a tight range between $4.50 and $5 per pound, with a recent peak near $5.25 before Liberation Day, which has been bullish for shares of Freeport-McMoRan (NYSE: FCX) [1] - There are concerns regarding the health of the global economy, which may impact copper demand and pricing [1]
美媒:美国比中国坐拥更多铜,但就没能力精炼加工
Guan Cha Zhe Wang· 2025-06-24 07:43
Group 1 - Freeport-McMoRan's copper smelter in Arizona is one of the last three operating copper smelters in the U.S., highlighting the challenges faced in rebuilding the domestic mineral supply chain [1][3] - The U.S. has significant copper reserves, estimated at approximately 47 million tons, ranking seventh globally, yet the average time from discovery to production is 29 years, second only to Zambia [1][7] - The operational costs of U.S. smelters are about three times higher than those overseas, leading many miners to process copper abroad due to lower costs and higher capacity [1][3] Group 2 - The U.S. copper industry peaked in 1997 with 35 mines and 11 smelters producing 1.9 million tons of copper annually, but now only has 25 mines and 2 smelters [7] - China dominates the copper refining market, processing 44% of the world's copper and producing approximately 13 times more refined copper than the U.S. [6][7] - The Resolution copper project in Arizona has recently made progress after a lawsuit from indigenous groups was dismissed, and it has been prioritized for federal approval [4]
全球十五大铜矿企业一季报汇总:海外铜矿企业有两家产量下滑多,增长主要依靠中资企业
Huaxin Securities· 2025-06-20 09:19
Investment Rating - The report maintains a "Recommended" investment rating for the copper industry [9]. Core Insights - The report highlights that the production growth of overseas large copper mining companies is low, and there are frequent disruptions. The lack of new large copper mining projects in the coming years will continue to constrain copper supply [9]. Summary by Sections 1. Copper Production in Major Producing Countries - Chile's copper production from January to April 2025 reached 1.752 million metric tons, a year-on-year increase of 3.57% (+60,300 tons). The growth is primarily driven by the Escondida project due to higher mining intensity and improved ore grades. Peru's copper production during the same period was 892,000 metric tons, up 5.59% (+47,200 tons), with significant contributions from the Las Bambas and Toromocho mines [4][18]. 2. Overseas Copper Mining Companies' Production - The total copper production of 15 major copper mining companies in Q1 2025 was 3.012 million tons, a slight increase of 0.1% (+3,000 tons). However, excluding three Chinese companies, the production of 12 overseas companies fell by 3.79% (-96,100 tons) to 2.436 million tons. Notably, Freeport and Glencore experienced significant declines of 20% and 29.95%, respectively [5][9]. 3. Growth in Chinese Copper Mining Companies - Three Chinese companies reported substantial production increases in Q1 2025: Minmetals Resources (+76.1%), Zijin Mining (+9.5%), and Luoyang Molybdenum (+15.7%). The growth for Minmetals was largely attributed to the Las Bambas mine in Peru, which produced 95,700 tons, a year-on-year increase of 70.9% (+39,700 tons) [7]. 4. Future Project Developments - The report notes a scarcity of new or expanded copper mining projects. The Salvador project by Codelco is currently ramping up production, while First Quantum's Kansanshi expansion is expected to contribute additional capacity starting in H2 2025. Other long-term projects include Rio Tinto's Oyu Tolgoi and Antofagasta's Centinela Phase II, with expected production increases in the coming years [8]. 5. Production Summary of Major Companies - Codelco's Q1 2025 production was 324,000 tons, a slight increase of 1.6% year-on-year. BHP's total production was 513,200 tons, up 10.18%, primarily due to the Escondida mine. Freeport's production fell to 393,720 tons, down 20% year-on-year, while Glencore's production dropped to 167,900 tons, a decrease of 29.95% [47][54][60][69].
Freeport-McMoRan: Teed Up To Benefit As Copper Shortage Is Set To Expand Soon
Seeking Alpha· 2025-06-17 11:04
Freeport-McMoRan (NYSE: FCX ) is one of the world's largest copper and gold miners. The company was founded in 1912 in Texas to mine sulfur using the efficient Frasch process. By 1932, Freeport had expanded operations toInvest Heroes LLC is a CIS-based research firm founded in 2018. Since then, we provide equity and fixed income research services which become more and more well-known locally among both professional investors and private clients. Here’s what we do: - Cover top 120+ Russian, US and Chinese st ...
Why Freeport-McMoRan (FCX) is a Top Momentum Stock for the Long-Term
ZACKS· 2025-06-16 14:50
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? Developed alongsi ...
Freeport-McMoRan(FCX) - 2025 FY - Earnings Call Transcript
2025-06-11 14:00
Financial Data and Key Metrics Changes - In 2024, Freeport achieved strong operational and financial results, with revenues and cash flows exceeding 2023 levels [2][12] - The company is focused on building shareholder value through various initiatives aimed at improving operational performance and future growth [2][12] Business Line Data and Key Metrics Changes - Freeport is committed to being a leading global copper company, with a focus on providing copper to a growing market driven by increased demand for electrification and renewable energy [12][13] - The company is advancing initiatives to leverage innovation, improve efficiencies, reduce costs, and enhance its brownfield growth pipeline for long-term growth [14][15] Market Data and Key Metrics Changes - Global demand for copper is expected to grow due to investments in power grids, renewable energy, technology, and transportation [12][13] - Macroeconomic factors such as fluctuations in the U.S. Dollar and trade uncertainties have led to price volatility in the copper market [13] Company Strategy and Development Direction - Freeport's strategic direction is focused on copper, with a commitment to delivering value to shareholders through operational excellence and long-term growth initiatives [15] - The company is enhancing its operational plans, managing costs, and capitalizing on organic growth opportunities [14][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the importance of copper in the global economy and the company's strong position to meet growing market demands [12][13] - The company is confident in its strategic direction and is focused on executing its plans to enhance productivity and profitability [14][15] Other Important Information - The meeting included voting on four key items, all of which were approved by stockholders, including the election of directors and the ratification of Ernst and Young as the independent auditor for 2025 [21][22][23] Q&A Session Summary Question: Were there any questions submitted during the meeting? - No questions were received from stockholders during the question and answer period [19]