Freeport-McMoRan (FCX) ended the recent trading session at $44.53, demonstrating a -1.35% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.19%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, lost 0.36%.Coming into today, shares of the mining company had gained 4.25% in the past month. In that same time, the Basic Materials sector gained 2.2%, while the S&P 500 gained 2.06%.The upcoming earnings release of Freeport-McMoRan will ...

Group 1: Precious Metals Market Overview - Investors have increasingly turned to safe haven precious metals like gold and silver, driving prices up by approximately 33% over the past year, with gold nearing $2,600 per ounce as of mid-September [1] - Emerging market central banks have been accumulating gold, coinciding with a weakening U.S. dollar and expectations of interest rate cuts by the Federal Reserve, contributing to the surge in gold prices [1] Group 2: Investment Opportunities in Gold - Investors can gain exposure to gold through various means, including holding gold bullion, investing in gold ETFs like SPDR Gold Shares ETF (NYSE: GOLD), which has risen over 32% in the last year, or targeting gold mining stocks [2] Group 3: Freeport-McMoRan Inc. (FCX) Analysis - Freeport-McMoRan is a vertically integrated mining company producing gold, copper, and molybdenum, with a diversified portfolio that mitigates risks from environmental factors [3] - The company reported an EPS of $0.46, exceeding analyst expectations, and revenue increased by nearly 16% year-over-year, with projected earnings growth of almost 40% [3][4] - Analysts have set an average price target of $53.07 for Freeport-McMoRan, indicating a potential upside of 23% from current levels, although the stock has experienced volatility, being down about 20% from its May highs [4] Group 4: Newmont Corp. (NEM) Analysis - Newmont Corp. is the largest publicly traded gold mining company, with a market valuation exceeding $61 billion and a stock improvement of 31% over the past year [5] - The company is expected to achieve future earnings growth of nearly 21%, and its forward P/E ratio of 18.8 suggests it may be undervalued compared to peers [5] - Newmont offers a dividend yield of 1.88%, with a three-year annualized dividend growth exceeding 15%, although its dividend payout ratio is -37.5% due to recent losses, raising concerns about future profitability [6] Group 5: Market Sentiment and Analyst Ratings - Newmont currently holds a "Moderate Buy" rating among analysts, but some top-rated analysts have identified other stocks as better investment opportunities [8]

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Freeport-McMoRan (FCX) closed the most recent trading day at $41.40, moving -0.5% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.3% for the day. Elsewhere, the Dow lost 0.54%, while the tech-heavy Nasdaq added 0.25%.Prior to today's trading, shares of the mining company had gained 5.29% over the past month. This has outpaced the Basic Materials sector's loss of 0.14% and the S&P 500's gain of 3.42% in that time.Analysts and investors alike will be keepin ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Freeport-McMoRan (FCX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Freeport-McMoRan currently has an average brokerage reco ...

Shares of copper miner Freeport-McMoRan Inc (NYSE:FCX) are 0.3% lower at $45.04 at last look, starting what could be a month-long trend as FCX trades near a historically bearish moving averageAccording to data from Schaeffer's Senior Quantitative Analyst Rocky White, FreePort-McMoRan stock just came within one standard deviation of its 50-day trendline. Per White, five similar pullbacks have occurred over the past three years. One month after 40% of these signals, FCX had negative returns, averaging a 3.9% ...

Source: Michael Ballanger 08/14/2024 Even though copper prices bottomed on Thursday, Michael Ballanger of GGM Advisory Inc. still thinks Freeport-McMoRan Inc. FCX is a Buy. Freeport-McMoRan Inc. Copper prices bottomed on Thursday, August 8, right before the Sunday-Monday crash in the Nikkei and subsequent policy reversal by BoJ Deputy Governor Uchida, so any rallies from here, given the 25% pullback off the May 20 top at $5.199/lb., are going to be seen as bear market rallies. Nevertheless, you can make a ...

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 June 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 Commission file number: 001-11307-01 Freeport-McMoRan Inc. (Exact name of registrant as specified in its charter) Delaware 74-2480931 (State or other jurisd ...

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 ...