Here's Why Freeport-McMoRan (FCX) is a Strong Momentum Stock

Company Overview - Freeport-McMoRan Inc. is engaged in mineral exploration and development, mining and milling of copper, gold, molybdenum, and silver, as well as smelting and refining of copper concentrates [11] - The company operates primarily through subsidiaries, with its principal asset being the Grasberg mine in Papua, Indonesia, which contains the world's largest copper and gold reserves [11] Investment Ratings - Freeport-McMoRan has a Zacks Rank of 3 (Hold) and a VGM Score of B, indicating a moderate investment outlook [12] - The company has a Momentum Style Score of B, with shares increasing by 9.5% over the past four weeks [12] Earnings Estimates - For fiscal 2025, three analysts have revised their earnings estimates upwards in the last 60 days, with the Zacks Consensus Estimate increasing by $0.07 to $1.69 per share [12] - Freeport-McMoRan boasts an average earnings surprise of 10.5%, suggesting potential for positive performance [12] Investment Considerations - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, Freeport-McMoRan is recommended for investors' consideration [13]