If we look at the returns of various asset classes in the last twenty years, commodities are the most undervalued. During this period, the Bloomberg Commodity Index has delivered negative returns at a CAGR of 0.4%. Of course, this has been amidst volatility, but there is a strong case for healthy returns from commodities in the next five to ten years. From an investment perspective, it’s a good time to consider undervalued industrial commodity stocks.Besides the long-term factor, there is another reason to ...

Investors should be looking to take advantage of the dip in the price of copper, and this stock is an ideal way to do that.Having crossed $5 per pound in May, the price of copper has declined to around $4.12 per pound, and that fall has taken the share price of copper miner Freeport-McMoRan (FCX 1.05%) with it -- it's down almost 18% since copper crossed $5 per pound. That said, these kinds of dips often create buying opportunities in commodity stocks, which is the case now. Here are three reasons why.Freep ...

Energy Metals News CommentaryIssued on behalf of Usha Resources Ltd. VANCOUVER, BC, July 26, 2024 /PRNewswire/ -- Energy Metals News – Despite recent setbacks in the price of copper (falling 20% in just two months), analysts at big banks and funds such as BMO, Citi, and Goldman Sachs believe that factors such as a recent Chinese smelter supply shortage and constrained mine supply will push the red metal's price back up. According to a report from Financial Times, the world's largest copper miners are predic ...

Monty Rakusen/DigitalVision via Getty Images Freeport-McMoRan (NYSE:FCX) often lives and dies, so to speak, with movements in copper prices. The last two-plus months have felt like the latter rather than the former for shareholders in the Materials-sector stock, as the industrial metal has plunged about 20% from its summertime peak above $5 per pound. There were bullish calls made by some market experts, including former Goldman Sachs analyst Jeff Currie, back in the second quarter when copper was on the ri ...

Freeport-McMoRan Inc. (NYSE:FCX) Q2 2024 Earnings Conference Call July 23, 2024 10:00 AM ET Company Participants David Joint - Vice President, Investor Relations Richard Adkerson - Chairman Kathleen Quirk - President & Chief Executive Officer Cory Stevens - President, Mining Services Mark Johnson - President & Chief Operating Officer, Freeport-McMoRan Indonesia; Executive Vice President, PT Freeport Indonesia Conference Call Participants Alan Spence - BNP Paribas Carlos De Alba - Morgan Stanley Liam Fitzpat ...

Freeport-McMoRan Inc. (FCX) recorded net income (attributable to common stock) of $616 million or 42 cents per share in second-quarter 2024, up around 80% from $343 million or 23 cents in the year-ago quarter.Barring one-time items, adjusted earnings per share were 46 cents, topping the Zacks Consensus Estimate of 39 cents.Revenues rose roughly 15% year over year to $6,624 million. The figure surpassed the Zacks Consensus Estimate of $5,985.9 million. The company witnessed higher copper and gold prices in t ...

THE VALUE O F FCX Conference Call 2nd Quarter 2024 Results July 23, 2024 FCX LISTED NYSE Member fcx.com Cautionary Statement This presentation contains forward-looking statements in which FCX discusses its potential future performance, operations and projects. Forward-looking statements are all statements other than statements of historical facts, such as plans, projections, or expectations relating to business outlook, strategy, goals or targets; global market conditions; ore grades and milling rates; prod ...

Freeport-McMoRan (FCX) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.95%. A quarter ago, it was expected that this mining company would post earnings of $0.27 per share when it actually produced earnings of $0.32, delivering a surprise of 18.52%.Over the last four quarters, the c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 2, 2024 Freeport-McMoRan Inc. (Exact name of registrant as specified in its charter) Delaware 001-11307-01 74-2480931 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 333 North Central Avenue Phoenix AZ 85004 (Address of principal ex ...

Halamka/iStock via Getty Images Freeport-McMoRan (NYSE:FCX) expects to report a disappointing quarter this week, but the key to the investment story is always the price of copper. Copper prices have slumped lately, and a pushback on EVs and renewable energy isn't going to help in the short term. My investment thesis still remains Bullish on the stock after the recent pullback due to the strong cash flows produced at higher copper prices. Source: Finviz Tough Quarter Along with Q1 results, Freeport-McM ...