Freeport-McMoRan(US:FCX) Benzingaยท2025-09-25 18:01Core Insights - Financial giants are showing a bullish sentiment towards Freeport-McMoRan, with 59% of traders being bullish and 29% bearish in recent options trading [1] - The projected price targets for Freeport-McMoRan range from $28.0 to $65.0 over the last three months, indicating significant investor interest [2] - Analysts have set an average price target of $45.5 for Freeport-McMoRan, with various firms providing differing ratings and targets [11][12] Options Trading Analysis - A total of 94 unusual trades were identified for Freeport-McMoRan, with 45 puts valued at $6,847,495 and 49 calls valued at $4,493,369 [1] - Significant options trades include bullish call trades with a total trade price of $1.0 million at a strike price of $37.00, and several put trades indicating bullish sentiment as well [8] - The volume and open interest metrics for Freeport-McMoRan's options indicate strong liquidity and investor interest, particularly within the strike price range of $28.0 to $65.0 over the past 30 days [3][4] Company Overview - Freeport-McMoRan is a leading copper miner, owning stakes in 10 copper mines, including a 49% ownership of the Grasberg operations in Indonesia and 55% of the Cerro Verde mine in Peru [9] - The company sold approximately 1.2 million metric tons of copper and 900,000 ounces of gold in 2024, positioning it among the largest copper producers globally [9] - Freeport-McMoRan has about 25 years of copper reserves remaining, with expectations of stable copper sales but a decline in gold production anticipated by 2029 [10] Market Status - Current trading volume for Freeport-McMoRan is 54,331,354, with the stock price at $35.68, reflecting a decrease of 5.29% [14] - Analysts from various firms have provided ratings ranging from Outperform to Neutral, with price targets between $42 and $48, indicating a generally positive outlook despite recent price declines [12]