Freeport-McMoRan(FCX)
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FCX INVESTORS: Contact Kirby McInerney LLP About Securities Class Action Lawsuit On Behalf of Freeport-McMoran Inc.
Businesswire· 2026-01-10 01:00
Group 1 - The lawsuit against Freeport-McMoRan Inc. alleges inadequate safety measures at the Grasberg Block Cave mine in Indonesia, which heightened risks for workers [1] - The company announced the suspension of mining at the Grasberg Block Cave on September 9, 2025, due to a large flow of wet material that trapped seven workers, leading to a share price decline of approximately 5.94% [2] - Investors have until January 12, 2026, to seek lead plaintiff appointment in the class action for those who acquired Freeport securities between February 15, 2022, and September 24, 2025 [1][3] Group 2 - Kirby McInerney LLP, the law firm handling the case, specializes in securities litigation and has achieved recoveries totaling billions of dollars for shareholders [4]
FCX DEADLINE: ROSEN, NATIONAL INVESTOR COUNSEL, Encourages Freeport-McMoRan Inc. Investors to Secure Counsel Before Important January 12 Deadline in Securities Class Action First Filed by the Firm - FCX
Globenewswire· 2026-01-10 00:33
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Freeport-McMoRan Inc. securities between February 15, 2022, and September 24, 2025, of the January 12, 2026, deadline to become lead plaintiffs in a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Freeport-McMoRan securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by January 12, 2026 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that Freeport-McMoRan made false and misleading statements regarding safety at the Grasberg Block Cave mine in Indonesia, which posed a heightened risk to workers [5]. - It is claimed that the lack of proper safety measures constituted undisclosed risks that could lead to regulatory, litigation, and reputational issues for the company [5]. - The lawsuit asserts that the misleading statements about Freeport-McMoRan's business and operations resulted in investor damages when the true information became public [5].
Deadline Soon: Freeport-McMoran Inc. (FCX) Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit
Businesswire· 2026-01-09 18:49
Core Viewpoint - The Law Offices of Frank R. Cruz is reminding investors about the January 12, 2026 deadline to participate as lead plaintiffs in a securities fraud class action lawsuit against Freeport-McMoran Inc. (FCX) for losses incurred during the specified class period [1] Group 1 - The lawsuit is on behalf of investors who acquired Freeport-McMoran Inc. securities between February 15, 2022, and September 24, 2025 [1] - Investors who lost money on Freeport-McMoran Inc. (FCX) are encouraged to participate in the lawsuit [1]
FREEPORT URGENT CLASS ACTION DEADLINE 1/12: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Freeport-McMoran Inc. and Encourages Investors to Contact the Firm Before January 12th
Globenewswire· 2026-01-09 17:19
Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. for allegedly making false and misleading statements regarding safety at the Grasberg Block Cave mine in Indonesia, which may have led to investor losses [3][6]. Allegation Details - The lawsuit claims that Freeport did not adequately ensure safety at the Grasberg Block Cave mine, creating a heightened risk of worker fatalities [3]. - It is alleged that the lack of proper safety precautions constituted an undisclosed risk of regulatory, litigation, and reputational issues [3]. - The defendants' statements about Freeport-McMoRan's business and operations were materially false and misleading, lacking a reasonable basis during the relevant times [3]. Next Steps - Investors who purchased Freeport shares between February 15, 2022, and September 24, 2025, and suffered losses are encouraged to contact the law firm for more information and to discuss their rights [4][6]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is January 12, 2026 [6].
MONDAY DEADLINE: Freeport-McMoRan Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
TMX Newsfile· 2026-01-09 11:30
Core Viewpoint - The Freeport-McMoRan class action lawsuit alleges violations of the Securities Exchange Act of 1934, focusing on safety issues at the Grasberg mine and the subsequent impact on stock prices due to disclosures of incidents and regulatory risks [1][3][4]. Group 1: Class Action Details - The class action lawsuit is titled Reed v. Freeport-McMoRan Inc., and it involves purchasers of Freeport-McMoRan securities from February 15, 2022, to September 24, 2025 [1]. - Investors have until January 12, 2026, to seek appointment as lead plaintiff in the lawsuit [1][7]. - The lawsuit claims that Freeport-McMoRan and certain executives made misleading statements regarding safety at the Grasberg mine, which heightened risks for workers [3]. Group 2: Incident and Stock Impact - On September 9, 2025, Freeport-McMoRan reported a significant incident at the Grasberg mine, leading to a nearly 6% drop in stock price [4]. - Following the tragic fatalities of two team members on September 24, 2025, the stock price fell nearly 17%, with production estimates for 2026 potentially reduced by 35% [5]. - An article published on September 25, 2025, highlighted the potential strain on Freeport-McMoRan's relationship with the Indonesian government, resulting in an additional stock price drop of over 6% [6]. Group 3: Company Background - Freeport-McMoRan is engaged in mining mineral properties across North America, South America, and Indonesia, operating the Grasberg Copper and Gold Mine in Papua [2]. - Robbins Geller Rudman & Dowd LLP, the law firm representing investors, has a strong track record in securities fraud litigation, recovering over $2.5 billion for investors in 2024 alone [8].
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of January 12, 2026 in Freeport-McMoRan Inc. Lawsuit – FCX
Globenewswire· 2026-01-08 22:45
Core Viewpoint - The Gross Law Firm is notifying shareholders of Freeport-McMoRan Inc. regarding a class action lawsuit related to alleged misleading statements and safety issues at the Grasberg Block Cave mine in Indonesia [1][3]. Group 1: Allegations - The complaint alleges that Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine, leading to a heightened risk of worker fatalities [3]. - It is claimed that the lack of proper safety precautions resulted in undisclosed regulatory, litigation, and reputational risks [3]. - The defendants' statements about Freeport-McMoRan's business operations and prospects are alleged to be materially false and misleading [3]. Group 2: Class Action Details - The class period for the lawsuit is from February 15, 2022, to September 24, 2025 [3]. - Shareholders are encouraged to register for the class action by January 12, 2026, to participate in potential recovery [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].
MONDAY INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Freeport-McMoRan Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2026-01-08 17:30
Core Viewpoint - The Freeport-McMoRan class action lawsuit alleges violations of the Securities Exchange Act of 1934, focusing on safety issues at the Grasberg mine and the subsequent impact on stock prices due to disclosures of incidents and regulatory risks [1][3][4]. Group 1: Class Action Details - Purchasers of Freeport-McMoRan securities between February 15, 2022, and September 24, 2025, can seek appointment as lead plaintiff by January 12, 2026 [1]. - The lawsuit is titled Reed v. Freeport-McMoRan Inc., No. 25-cv-04243 (D. Ariz.) [1]. - The allegations include that Freeport-McMoRan failed to ensure safety at the Grasberg Block Cave mine, leading to heightened risks for workers [3]. Group 2: Incident Disclosures - On September 9, 2025, Freeport-McMoRan reported a significant incident at the Grasberg mine, which restricted evacuation routes and led to a nearly 6% drop in stock price [4]. - Following a tragic incident on September 24, 2025, where two team members were fatally injured, the company disclosed that production could be approximately 35% lower than pre-incident estimates, resulting in a nearly 17% decline in stock price [5]. - An article published on September 25, 2025, highlighted potential strains in Freeport-McMoRan's relationship with the Indonesian government, causing an additional stock price drop of over 6% [6]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows investors to seek lead plaintiff status based on financial interest and adequacy [7]. - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud litigation, having recovered over $2.5 billion for investors in 2024 alone [8].
Freeport-McMoRan Up 30% in 3 Months: Buy, Sell or Hold the Stock?
ZACKS· 2026-01-08 14:36
Core Viewpoint - Freeport-McMoRan Inc. (FCX) shares have surged 30.1% in the past three months, driven by rising copper prices due to tight global supply, trade tariff uncertainties, and strong demand [1][6]. Group 1: Stock Performance - FCX has outperformed the Zacks Mining - Non Ferrous industry's increase of 22.3% and the S&P 500's rise of 4% during the same period [2]. - The stock has been trading above the 50-day and 200-day simple moving averages since late November 2025, indicating a bullish trend following a golden crossover on July 8, 2025 [4]. Group 2: Copper Market Dynamics - Copper prices have been volatile but generally favorable, remaining above $5 per pound in the fourth quarter of 2025, supported by robust demand from China and the U.S. [15][16]. - Structural factors such as electric vehicle adoption and renewable energy projects are driving increased copper consumption, while supply concerns are heightened by potential disruptions in major mining operations [16][17]. Group 3: Company Growth Initiatives - Freeport is focused on expanding its production capacity, with significant projects underway, including a large-scale concentrator expansion at Cerro Verde in Peru, expected to add 600 million pounds of copper annually [9]. - The company is also evaluating a major expansion at El Abra in Chile, with an estimated resource of approximately 20 billion recoverable pounds of copper [9]. - PT Freeport Indonesia has completed a new greenfield smelter, with operations starting in the second quarter of 2025, and is transitioning energy sources to reduce greenhouse gas emissions [11]. Group 4: Financial Health - FCX has a strong liquidity position, generating operating cash flows of around $1.7 billion in Q3 2025, with $4.3 billion in cash and equivalents [12]. - The company maintains a net debt of $1.7 billion, below its targeted range, and has a policy of distributing 50% of available cash to shareholders [13]. - FCX offers a dividend yield of approximately 0.5%, with a payout ratio of 19%, indicating a sustainable dividend [14]. Group 5: Cost and Volume Challenges - FCX's average unit net cash cost per pound of copper increased to $1.40 in Q3 2025, a 24% rise from the previous quarter, due to declining sales volumes [19]. - The company expects unit net cash costs to rise to $2.47 per pound in Q4 2025, with projected copper sales volumes of 635 million pounds, reflecting a significant decline [20][22]. Group 6: Earnings Outlook - Freeport's earnings estimates have been revised upward over the past 30 days for 2025 and 2026 [23]. - The stock is currently trading at a forward price/earnings ratio of 28.07X, a premium to the industry average of 24.32X [24]. Group 7: Investment Considerations - FCX is well-positioned for growth due to its expansion activities and strong financial health, but a weaker sales volume outlook and higher expected costs may pose risks [27].
'Robots & Rockets Aren’t Made from Hopes & Wishes,' and How the AI Revolution is Shaping the Next Metals Bull Market
Yahoo Finance· 2026-01-07 15:21
Core Viewpoint - The article highlights a significant rally in both precious and industrial metals, suggesting the potential onset of a long-term commodity bull market driven by geopolitical factors and a weaker dollar [1]. Group 1: Precious Metals - Gold and silver futures are currently dominating headlines amid geopolitical turmoil [1]. - The rally in precious metals is occurring alongside a notable weakness in the dollar [1]. Group 2: Industrial Metals - Industrial metals, including aluminum and steel, are experiencing strong performance, with companies like Alcoa (AA) and Nucor (NUE) showing significant price increases [2][3]. - Copper futures have reached new highs, drawing attention to mining companies such as Freeport McMoRan (FCX) [4]. Group 3: Market Dynamics - The article notes that high prices in commodities can lead to a self-correcting mechanism where either consumers absorb the price increases or demand decreases due to rising inflation [5]. - Investors interested in base and industrial metals are encouraged to consider mining stocks, ETFs, or futures, while being aware of the inherent risks and volatility associated with commodity speculation [5].
FCX's Unit Cash Costs Spike in Q3: Is It Set to Climb Further in Q4?
ZACKS· 2026-01-07 14:25
Core Insights - Freeport-McMoRan Inc. (FCX) experienced a significant increase in its average unit net cash cost per pound of copper, rising to $1.40 in Q3 2025 from $1.13 in the previous quarter, representing a 24% increase driven by a decline in copper sales volumes [1][7]. Financial Performance - FCX's copper sales volumes decreased by approximately 6% year over year in Q3, totaling 977 million pounds, primarily due to the temporary suspension of operations at the Grasberg Block Cave mine in Indonesia following a mud rush incident in September 2025 [2][7]. - The company anticipates a further increase in unit net cash costs to $2.47 per pound in Q4, with a projected full-year average of around $1.68, indicating that lower expected sales volumes will likely impact costs and margins negatively [3][7]. Peer Comparison - Southern Copper Corporation (SCCO) reported a decrease in unit costs, with an operating cash cost per pound of copper at $0.42, a 45% decline from $0.76 in the same quarter last year [4]. - BHP Group Limited (BHP) also saw lower unit costs across its copper operations, with expectations for unit costs for Escondida and Copper South Australia ranging from $1 to $1.50 per pound for fiscal 2026 [5]. Market Position - FCX shares have increased by 23.9% over the past six months, compared to a 39.1% rise in the Zacks Mining - Non Ferrous industry [6]. - The forward 12-month earnings multiple for FCX is currently 28.09, which is a 19.6% premium over the industry average of 23.49 [9]. - The Zacks Consensus Estimate indicates a year-over-year earnings rise of 1.4% for 2025 and 32.9% for 2026, with EPS estimates trending higher over the past 30 days [11].