China's move to stimulate its economy pleased copper bulls and Freeport McMoRan shareholders alike.Shares in copper miner Freeport McMoRan (FCX 7.45%) rose by 16.6% in the week to Friday morning. The move comes after China's central bank took some widely anticipated measures to stimulate growth in the Chinese economy. In turn, that encouraged investors to buy copper -- China is seen as the swing factor in demand for copper -- and the price of copper rallied from around $4.27 per pound at the start of the we ...

Freeport-McMoRan (FCX) shares soared 7.9% in the last trading session to close at $48.72. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.1% loss over the past four weeks.FCX’s rally appears to be driven by a spike in copper and gold prices.  Copper prices surged to their highest level in more than two months on improving demand in top consumer China, backed by the announcement of economic stimulus measures by the government of ...

Key TakeawaysThe S&P 500 added 0.3% on Tuesday, Sept. 24, as a report showed a slump in consumer confidence and China unveiled an economic stimulus package.Shares of mining giant Freeport-McMoRan soared as copper prices jumped following Beijing's monetary policy announcement.Visa shares tumbled after the U.S. Department of Justice filed an antitrust lawsuit against the credit card issuer. Major U.S. equities indexes ticked higher on Tuesday, shaking off a report that revealed a steeper-than-expected drop in ...

Key TakeawaysShares of mining giant Freeport-McMoRan surged alongside an uptick in copper and gold prices.The announcement of an economic stimulus package in China helped to their highest level in more than two months.Gold prices are sitting at a record high following the Fed's first interest-rate cut and as other central banks around the world loosen monetary policy. Freeport-McMoRan (FCX) shares surged on Tuesday amid an increase in the prices of copper and gold, two of the main commodities produced by th ...

The People’s Bank of China cut the reserve requirement ratio by 50 basis points and the seven-day reverse purchase rate to 1.5%, resulting in 4.2% and 4.1% gains for China’s Shanghai Composite and Hong Kong's Hang Seng, respectively.The stimulus measures are boosting copper prices as traders anticipate stronger demand from one of the world's largest metal consumers. In response, mining giants Rio Tinto plc ADR (NYSE:RIO), Southern Copper Corp (NYSE:SCCO), and Freeport-McMoRan Inc (NYSE:FCX) are enjoying tai ...

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 ...

Investors have flocked to safe haven precious metals including gold and silver in recent months, helping to drive the price of each of these metals up by about a third in the last year. Gold in particular continues to hit new all-time highs and trades close to $2,600 per ounce as of mid-September.Emerging market central banks have stocked up on gold while the U.S. dollar has weakened and investors around the world build up expectations that the Federal Reserve will lower interest rates. All of these factors ...

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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 ...