Why Freeport-McMoRan (FCX) is a Top Growth Stock for the Long-Term

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 its subsidiaries, including PT Freeport Indonesia, Freeport Minerals Corporation, and Atlantic Copper, with the Grasberg mine in Papua, Indonesia, being its principal asset, containing 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 A, indicating a solid position in the market [12] - The company is considered a top pick for growth investors, with a Growth Style Score of B, forecasting year-over-year earnings growth of 16.2% for the current fiscal year [12] Earnings Estimates - In the last 60 days, six analysts revised their earnings estimates upwards, with the Zacks Consensus Estimate increasing by $0.09 to $1.72 per share [12] - Freeport-McMoRan has an average earnings surprise of +10.5%, suggesting a strong performance relative to expectations [12] Investment Considerations - With a solid Zacks Rank and top-tier Growth and VGM Style Scores, Freeport-McMoRan should be on investors' short lists for potential investment opportunities [13]