Earnings and Stock Performance - Freeport-McMoRan Inc (FCX) is set to announce quarterly results on Jan 23, with analysts expecting earnings of 25 cents per share [1] - Weaker copper prices in Q4 are likely to impact the company's performance [1] - FCX's stock has shown mixed post-earnings results, with an average 2.7% move after earnings announcements in the past two years [2] - Options traders are pricing in a 6% next-day swing following the upcoming earnings report [2] - FCX's stock is down 1.8% at $39.59, potentially ending a six-day win streak [3] - The stock has risen since hitting a 10-month low of $37.19 on Jan 3, with year-over-year and year-to-date gains of approximately 4% [3] Options and Volatility Analysis - Options trading appears to be a favorable strategy for FCX, as the Schaeffer's Volatility Index (SVI) of 34% indicates low volatility expectations, ranking in the low 20th percentile of its annual range [4] - FCX's Schaeffer's Volatility Scorecard (SVS) of 81 out of 100 suggests the stock has consistently exceeded low volatility expectations over the past year [4]

Core Viewpoint - Freeport-McMoRan Inc. (FCX) is expected to report its fourth-quarter 2024 results on January 23, with anticipated challenges due to weaker copper prices and sales volumes impacting performance [1][2]. Revenue Estimates - The Zacks Consensus Estimate for FCX's fourth-quarter consolidated revenues is $6,003 million, indicating a year-over-year increase of approximately 1.7% [5]. Factors Impacting Performance - Weaker copper prices, driven by reduced demand in China due to the property crisis, are likely to have negatively affected FCX's performance in the fourth quarter [6]. - Copper prices experienced volatility, with a nearly 12% decline in the fourth quarter, closing at around $4 per pound. The estimated average realized price for copper for FCX is $4.06 per pound, reflecting a sequential decline of 5.6% [7]. - Lower sales volumes are also expected to impact performance, with third-quarter copper sales volumes down roughly 7% year-over-year. FCX anticipates consolidated copper sales of 980 million pounds for the fourth quarter, down from 1,035 million pounds in the prior quarter [8]. Earnings Prediction Model - The earnings prediction model does not indicate a conclusive earnings beat for FCX this quarter, with an Earnings ESP of -0.38%. The Zacks Consensus Estimate for earnings is currently set at 25 cents [9][10].

Group 1 - Stock Waves is a team that provides real-time Elliott Wave technical analysis on selected stocks, led by Zac Mannes and Garrett Patten, with contributions from Lyn Alden Schwartzer [1] - The service has reportedly enabled users to achieve significant returns, with some trades yielding 7-10x returns and others providing 3-5x returns [1] Group 2 - The analyst has a beneficial long position in Freeport-McMoran (FCX) through stock ownership, options, or other derivatives [2] - The analyst may adjust their position in FCX based on support and invalidation levels provided to members [3]

Group 1: Stock Performance - Freeport-McMoRan (FCX) closed at $40.22, reflecting a +0.47% change from the previous session, which is less than the S&P 500's daily gain of 1% [1] - Over the last month, FCX shares increased by 4.68%, outperforming the Basic Materials sector's loss of 3.81% and the S&P 500's loss of 2.14% [1] Group 2: Upcoming Earnings - Freeport-McMoRan is set to announce its earnings on January 23, 2025, with an expected EPS of $0.29, indicating a 7.41% growth compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projecting net sales of $6.08 billion, which is a 3% increase from the year-ago period [2] Group 3: Analyst Estimates and Rankings - Recent changes to analyst estimates for Freeport-McMoRan indicate the dynamic nature of near-term business trends, with positive revisions suggesting analyst optimism regarding the company's profitability [3] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Freeport-McMoRan at 3 (Hold) [5] - Over the past month, there has been a 7.6% decline in the Zacks Consensus EPS estimate [5] Group 4: Valuation Metrics - Freeport-McMoRan is trading at a Forward P/E ratio of 21.11, which aligns with the industry's average Forward P/E of 21.11 [6] - The company has a PEG ratio of 2.2, compared to the Mining - Non Ferrous industry's average PEG ratio of 1.94 [7] Group 5: Industry Context - The Mining - Non Ferrous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 168, placing it within the bottom 34% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

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 ...

Core Viewpoint - Freeport-McMoRan Inc. (FCX) has experienced significant stock volatility primarily due to fluctuating copper demand, with the stock being more of a trading opportunity than a stable investment over the past four years [1][4]. Group 1: Copper Demand and Supply Dynamics - Copper is essential for renewable energy technologies, including electric vehicles, solar panels, and wind turbines, as well as for data centers supporting artificial intelligence applications [2]. - Analysts predict a copper shortage by 2028, which is expected to be a multi-year event, despite current pressures on copper prices due to market conditions in North America and Europe [5][6]. - The anticipated supply shortage may lead manufacturers to secure copper supplies through deals with miners, positioning Freeport-McMoRan as a key player in the market [6]. Group 2: Company Overview and Production - Freeport-McMoRan is one of the largest diversified mining companies globally, with a significant presence in sustainable copper mining across North and South America, operating seven copper mines in Arizona and New Mexico [3]. - The company currently produces approximately 230 billion pounds of copper, with a long-term production forecast of 800 billion pounds [3]. Group 3: Stock Performance and Analyst Ratings - The 12-month stock price forecast for Freeport-McMoRan is $54.00, indicating a potential upside of 26.49%, based on 14 analyst ratings [4][12]. - The stock has delivered a total return of over 300% since March 2020, with a 21.7% increase over the past year, although the total return over the last three years is around 9.5% [10][11]. - Analysts have assigned a "Moderate Buy" rating to Freeport-McMoRan, with a consensus price target of $54, which is 24.5% higher than its closing price on November 14 [12].