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].

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].

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].

Group 1 - As of January 7, 2026, two stocks in the materials sector are signaling potential warnings for momentum-focused investors [1] - The Relative Strength Index (RSI) is a key momentum indicator, with values above 70 indicating that a stock may be overbought [2] - Southern Copper Corp (NYSE:SCCO) has an RSI value of 71.4, indicating it may be overbought [5] - Freeport-McMoRan (FCX) has an RSI value of 75.3, also suggesting it may be overbought [5] Group 2 - Southern Copper's stock gained approximately 14% over the past month, reaching a 52-week high of $161.59, and closed at $160.08 [5] - Freeport-McMoRan's stock increased around 25% in the last month, achieving a 52-week high of $57.12, and closed at $56.15 [5] - Analysts have downgraded Southern Copper from Market Perform to Underperform with a price target of $126, while maintaining an Overweight rating for Freeport-McMoRan and raising its price target from $47 to $55 [5]

Core Viewpoint - The Freeport-McMoRan class action lawsuit alleges violations of the Securities Exchange Act of 1934 by the company and certain executives, focusing on safety issues at the Grasberg mine and the resulting financial impacts on the company's stock price [1][3]. Group 1: Lawsuit Details - The class action lawsuit is titled Reed v. Freeport-McMoRan Inc., and it covers purchasers of Freeport-McMoRan securities from February 15, 2022, to September 24, 2025 [1]. - The lawsuit claims that Freeport-McMoRan failed to ensure adequate safety at the Grasberg Block Cave mine, leading to heightened risks for workers and potential regulatory and reputational consequences [3]. Group 2: Incident and Stock Impact - On September 9, 2025, Freeport-McMoRan reported a significant incident at the Grasberg mine, which restricted evacuation routes for workers and led to a nearly 6% drop in stock price [4]. - Following the tragic fatalities of two team members on September 24, 2025, and the announcement of a potential 35% reduction in production for 2026, the stock price fell nearly 17% [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 decline of over 6% [6]. Group 3: Legal Process and Representation - Investors who purchased Freeport-McMoRan securities during the class period can seek appointment as lead plaintiff, representing the interests of the class [7]. - The lead plaintiff has the authority to select a law firm for litigation, and participation as lead plaintiff does not affect the ability to share in any potential recovery [7]. Group 4: Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [8]. - The firm has a strong track record, including the largest securities class action recovery in history, amounting to $7.2 billion in the Enron case [8].

Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. for alleged securities fraud related to safety issues at its Grasberg Block Cave mine in Indonesia, impacting investor interests during the specified class period [3]. Group 1: Lawsuit Details - The lawsuit covers investors who purchased Freeport securities from February 15, 2022, to September 24, 2025, alleging inadequate safety measures at the Grasberg mine [3]. - Allegations include that Freeport's lack of proper safety precautions heightened the risk of worker fatalities and led to undisclosed regulatory, litigation, and reputational risks [3]. Group 2: Incident Impact - On September 9, 2025, Freeport announced the suspension of mining operations at the Grasberg Block Cave due to a significant flow of wet material that trapped seven workers [4]. - Following this announcement, Freeport's share price fell by $2.77, or approximately 5.94%, from $46.66 on September 8, 2025, to $43.89 on September 9, 2025 [4]. Group 3: Investor Actions - Investors who suffered losses on Freeport investments have until January 12, 2026, to request lead plaintiff appointment in the class action lawsuit [2]. - Interested parties are encouraged to contact Kirby McInerney LLP for more information regarding their rights or interests in the lawsuit [6].

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 undisclosed regulatory, litigation, and reputational risks [3]. - The defendants' statements about Freeport-McMoRan's business and operations were materially false and misleading, lacking a reasonable basis [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 legal rights [4][6]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is January 12, 2026 [6]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in various types of litigation, including securities and commercial litigation [5]. - The firm operates nationwide and handles cases in both federal and state courts [5].

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 bought Freeport-McMoRan securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiffs must act by January 12, 2026 [3]. - The lawsuit alleges that Freeport-McMoRan made false or misleading statements regarding safety at the Grasberg Block Cave mine in Indonesia, which led to increased risks for workers and potential damages for investors [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting its own success in recovering hundreds of millions for investors [4]. - The firm has been recognized for its achievements, including being ranked No. 1 for securities class action settlements in 2017 and securing over $438 million for investors in 2019 [4].

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Freeport-McMoRan Inc. securities between February 15, 2022, and September 24, 2025, about the upcoming lead plaintiff deadline for a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Freeport-McMoRan securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must file with the Court 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 led to undisclosed regulatory, litigation, and reputational risks, resulting in materially false and misleading statements about the company's business and operations [5].