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].

Financial Performance - Net income attributable to common stockholders was $526 million in Q3 2024 and $1.6 billion for the first nine months of 2024, compared to $454 million and $1.5 billion in the same periods of 2023, reflecting higher average realized copper and gold prices [114]. - Consolidated revenues reached $6.79 billion in Q3 2024, up from $5.82 billion in Q3 2023, and $19.74 billion for the first nine months of 2024, compared to $16.95 billion in the same period of 2023 [135]. - Operating income for Q3 2024 was $1.94 billion, an increase from $1.49 billion in Q3 2023, and $5.62 billion for the first nine months of 2024, compared to $4.50 billion in 2023 [135]. - Net income attributable to common stock was $526 million in Q3 2024, compared to $454 million in Q3 2023, and $1.62 billion for the first nine months of 2024, up from $1.46 billion in 2023 [135]. - Consolidated operating cash flows for the first nine months of 2024 were $5.7 billion, compared to $4.0 billion for the same period in 2023, driven by higher copper and gold prices [248]. Production and Sales - Incremental copper production from leach innovation initiatives totaled 164 million pounds for the first nine months of 2024, up from 97 million pounds in the same period of 2023 [111]. - Consolidated sales volumes for 2024 are projected at 4.055 billion pounds of copper, 1.8 million ounces of gold, and 80 million pounds of molybdenum [117]. - Consolidated copper sales volumes decreased to 1.04 billion pounds in Q3 2024 from 1.11 billion pounds in Q3 2023, primarily due to lower ore grades and operating rates in North America [136]. - Gold production decreased to 456,000 recoverable ounces in Q3 2024 from 532,000 ounces in Q3 2023, while sales increased to 558,000 ounces from 399,000 ounces [134]. - PT-FI's consolidated copper sales volumes were 426 million pounds in Q3 2024, compared to 430 million pounds in Q3 2023, and totaled 1.3 billion pounds for the first nine months of 2024, up from 1.0 billion pounds in the same period of 2023 [209][211]. Costs and Expenditures - Consolidated unit net cash costs for copper mines are expected to average $1.58 per pound for 2024, including $1.72 per pound in Q4 2024 [120]. - Capital expenditures for 2024 are expected to total $4.6 billion, including $2.2 billion for major mining projects and $1.0 billion for PT-FI's new downstream processing facilities [122]. - Site production and delivery costs averaged $2.61 per pound of copper in Q3 2024, an increase from $2.27 per pound in Q3 2023, and $2.49 per pound for the first nine months of 2024, compared to $2.40 per pound in the same period of 2023 [146]. - Total costs for the North America copper mines were reported at $1.404 billion [269]. - Total costs amounted to $4,275 million, with site production and delivery costs at $2,062 million [288]. Market Conditions - Average LME copper settlement prices in Q3 2024 ranged from $3.91 to $4.47 per pound, averaging $4.18 per pound [126]. - London PM gold prices averaged $2,474 per ounce in Q3 2024, with a record high of $2,664 per ounce during the quarter [129]. - Average realized copper prices increased by 13% to $4.30 per pound in Q3 2024, and by 10% to $4.26 per pound for the first nine months of 2024 [138]. - The average realized price per pound of copper increased to $4.24 in Q3 2024 from $3.77 in Q3 2023, while the average realized price per ounce of gold rose to $2,362 from $1,898 in the same period [214]. Debt and Cash Management - Total debt as of September 30, 2024, was $9.68 billion, slightly up from $9.41 billion in 2023 [135]. - As of September 30, 2024, the company had $5.0 billion in consolidated cash and cash equivalents, with $3.0 billion available under revolving credit facilities [236]. - At September 30, 2024, consolidated debt totaled $9.7 billion, with a weighted-average interest rate of 5.2% [247]. - Net debt as of September 30, 2024, was $3.715 billion, with a target range of $3 billion to $4 billion, excluding debt for PT-FI's new downstream processing facilities [263]. Future Outlook and Investments - The company is engaged in feasibility studies for potential future expansion projects, with costs totaling $45 million in Q3 2024, compared to $42 million in Q3 2023 [163]. - PT-FI plans to invest approximately $1 billion in transitioning energy sources from coal to natural gas over the next four years [203]. - The company anticipates potential future performance improvements and operational strategies, including exploration efforts and technology innovations [295]. - Future guidance indicates a focus on optimizing production efficiency and reducing costs further [272].

Richard Adkerson, CEO of Freeport McMoRan, looks on during Summit Address and Invitation to APEC ... [+] Peru 2024 at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 15, 2023. The APEC Summit takes place through November 17. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)AFP via Getty ImagesFreeport-McMoRan (NYSE: FCX), one of the largest producers of copper, has seen its stock underperform over the las ...

The investment case for the copper miner is based on long-term demand and its ability to expand supply.After being above $50 recently, copper, gold, and molybdenum miner Freeport McMoRan's (FCX 1.27%) stock has dipped to about $46.60 at the time of writing. Frankly, this looks like a good buying opportunity in a stock with plenty of long-term potential upside. Here are four reasons why.Valuation remains attractiveRead no further if you aren't bullish or at least agnostic about the outlook for the price of c ...

Company Overview - The company's total copper production on a 100% basis has remained nearly unchanged over a significant period, indicating stability in its production capacity [1] Analyst Background - The analyst, Hector Nieva Rollon, is a certified advisor accredited by CFA Society Spain and has extensive experience in investment analysis, focusing on macro-value-oriented approaches [1] - Hector has a strong background in professional services, with over a decade of experience across various industries, including hospitality, information technology, education, and automotive [1] - He has successfully cleared all three levels of the CFA curriculum at the first attempt, achieving results in the 90th percentile, and is now returning to share investment insights [1] Disclosure - The analyst holds a beneficial long position in the company's shares through stock ownership, options, or other derivatives [2] - The article expresses the analyst's own opinions and is not influenced by any compensation or business relationships with the mentioned company [2]

Earlier this week, Freeport-McMoRan Inc. (NYSE: FCX ) reported its Q3 2024 results and the market did not seem impressed. The stock is actually down by 1.3% over the past 5 trading days and is up nearly 13% on a year-to-date basis Vladimir Dimitrov, CFA is a former strategy consultant within the field of brand and intangible assets valuation. During his career in the City of London he has been working with some of the largest global brands within the technology, telecom and banking sectors. Analyst's Disclo ...