Freeport-McMoRan (FCX) came out with quarterly earnings of $0.38 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -5%. A quarter ago, it was expected that this mining company would post earnings of $0.39 per share when it actually produced earnings of $0.46, delivering a surprise of 17.95%. Over the last four quarters, the co ...

https://files.reportify.cc/media/production/FCXd2ef3df52e2683146b22dc64a412be69.jpg Freeport Reports Third-Quarter and Nine-Month 2024 Results • Strong operating performance ◦ Third-quarter 2024 copper and gold sales volumes above July 2024 estimates ◦ Third-quarter 2024 unit net cash costs below July 2024 estimate and third-quarter 2023 • Progressing options for long-term organic growth • Favorable market fundamentals and outlook ▪ Net income attributable to common stock in third-quarter 2024 totaled $526 ...

Freeport-McMoRan Inc. (FCX) is set to release third-quarter 2024 results before the opening bell on Oct. 22. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The mining giant's earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 21.7%, on average. FCX is expected to have gained from higher copper prices and improved sales volumes in the third quarter. FCX stock has gained 36.1% in the past year com ...

The outlook for the price of copper is excellent, and this stock is ideally positioned to benefit. Copper miner Freeport McMoRan (FCX 1.06%) has significant potential to soar over the coming decade, in line with a rise in the price of copper and the company's ability to expand production. Here's why. Demand and supply for copper support higher prices The case for copper often relies on assumptions about future demand. The metal is a vital part of the global economy due to its uses across a wide range of sec ...

Freeport-McMoRan is a copper miner, putting it in a position to benefit from the ongoing shift toward electrification.Shares of Freeport-McMoRan (FCX -0.04%) have been in a general upward trend since early 2020. That rise coincided with a rise in the price of copper. This is exactly the dynamic that investors need to consider as they weigh the buy, sell, or hold decision around Freeport-McMoRan, one of the world's largest copper miners. Let's explore which of these three options might work best for you.Reas ...

The copper market is caught between a stimulus-fueled surge and the looming specter of Trump 2.0 tariffs. According to JPMorgan's Bill Peterson, investors are riding high on China's stimulus optimism, but the road ahead may be rockier than expected.China Stimulus: A Boost Or Bubble?China's recent stimulus announcements have sent copper stocks, including Teck Resources Ltd TECK and Freeport-McMoRan Inc FCX, climbing — TECK up 6% and FCX up 8% since late September.But Peterson warns that expectations might ha ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Freeport-McMoRan (FCX) .Freeport-McMoRan currently has an average brokerag ...

Freeport-McMoRan has a bright future.Freeport-McMoRan's (FCX 0.99%) stock price has risen about 35% over the past year. That's a meaningful move for a large mining company. The top publicly traded copper producer has benefited from improved pricing and strong demand, especially in the U.S.With shares already up a lot in the past year, many investors might be wondering whether it's too late to buy the copper stock. Here's a look at whether it's still worth buying.The outlook for copperLike any other commodit ...

Freeport-McMoRan (FCX) closed the latest trading day at $50.03, indicating a +0.99% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.61%. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 0.33%.Coming into today, shares of the mining company had gained 18.49% in the past month. In that same time, the Basic Materials sector gained 6.17%, while the S&P 500 gained 5.36%.The upcoming earnings release of Freeport-McMoRan will ...

Key TakeawaysMining company stocks sank Tuesday after China's latest moves to boost its economy fell short of a hoped-for major stimulus package.The country's economic planning agency maintained that China still expects to meet its annual economic goals.The news sent prices for gold, silver, copper, and other metals lower Tuesday. Shares of Freeport-McMoRan (FCX) and other miners tumbled Tuesday, along with the prices of key metals, after China announced economic measures that fell short of a much-anticipat ...