Freeport Projects $1.7 Billion Sales Bump From US Copper Premium
The Arizona-based mining company said Wednesday the projections are based on US copper prices that were about 28% above prices on the London Metal Exchange as of Tuesday.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 minutes ago
- Yahoo
1 Magnificent Stock to Buy Today and Hold for Decades
Written by Jitendra Parashar at The Motley Fool Canada When you invest in a stock for the long term, it's like entering a serious relationship. You want dependability. You want growth. And above all, you want something that won't give you headaches every time there's market noise. That's what makes Loblaw Companies (TSX:L) a great buy-and-hold stock for long-term investors. It's a company that doesn't just sell groceries and healthcare products. It offers peace of mind to its loyal investors. With a long track record of growing profits, raising dividends, and expanding its footprint across Canada, Loblaw checks all the right boxes for anyone looking for a reliable compounder you can hold for decades. In this article, I'll explain why Loblaw could be a top TSX stock to buy today and simply hold through thick and thin. A magnificent TSX stock you can hold for decades As Canada's largest grocery and pharmacy chain, Loblaw has over 2,800 locations and a presence in everything from food and health to fashion, financial, and mobile services. At the time of writing, its stock trades at $222.19 per share and carries a market cap of $66.6 billion. It pays a small but rising dividend every quarter, currently yielding just over 1%. One of the main factors that has made this buy-and-hold stock even more attractive lately is its stable performance. Interestingly, Loblaw stock has jumped by over 32% in the last year and has surged nearly 221% over the last five years. Improving profitability supports long-term confidence In the latest quarter ended in June, the company posted a 5.2% YoY (year-over-year) rise in its total revenue to $14.67 billion with the help of higher customer traffic, larger basket sizes, and new store openings. Its same-store sales for the quarter also climbed 3.5% YoY in food retail and 4.1% in the drug retail segment. Last quarter, Loblaw's discount banners like No Frills and Real Canadian Superstore outperformed as customers looked for value in a high-cost environment. Meanwhile, its pharmacy and healthcare services also performed well, with same-store sales jumping 6.2% YoY due to strong demand for specialty prescriptions. Loblaw's bottom line is just as impressive as its top line. In the latest quarter, the company's adjusted net profit jumped 8.6% YoY to $721 million. The company's adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) also climbed 7.4% from a year ago to $1.84 billion, while adjusted EBITDA margins remained stable at 12.5%. Why Loblaw stock is built for the long run What really makes Loblaw a great buy-and-hold stock isn't just what the company is doing today, but what it's consistently working towards for the future. Notably, the company plans to open about 80 new stores and 100 pharmacy clinics this year. So far, it has already opened 20 stores and 23 clinics. On the brighter side, it's also ramping up automation at its new East Gwillimbury distribution centre to improve efficiency, which should lead to better profitability. And with a fresh 4-for-1 stock split coming in August, Loblaw stock will become even more accessible to retail investors. All these positive factors make Loblaw a top stock to buy today and simply hold for decades. The post 1 Magnificent Stock to Buy Today and Hold for Decades appeared first on The Motley Fool Canada. Should you invest $1,000 in Loblaw Companies right now? Before you buy stock in Loblaw Companies, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Loblaw Companies wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 3 Canadian Companies Powering the AI Revolution A Commonsense Cash Back Credit Card We Love Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 minutes ago
- Yahoo
Donald Trump to open resort's second golf course on final day in Scotland
Donald Trump will officially open his new golf course in Aberdeenshire on the final day of his visit to Scotland. The US president's fifth day in Scotland on Tuesday follows a meeting and press conference with Sir Keir Starmer on Monday. Mr Trump will cut the ribbon on a second 18-hole course at his resort in Menie, Aberdeenshire before he flies back to the US on Air Force One. The president has played several rounds of golf during his Scottish trip, teeing off at his other resort in Turnberry, Ayrshire, on Saturday, Sunday and Monday. As they met at Turnberry for bilateral talks on trade and the situation in Gaza, Mr Trump and Sir Keir took part in what proved to be a lengthy press conference, with the president discussing a number of topics. The Republican Party leader spoke of his 'great love' for Scotland and said he wanted to see the nation 'thrive'. He returned to his long-running objections to wind turbines, branding them 'ugly monsters' and speaking of his admiration for North Sea oil and gas. Discussing the war in Ukraine, Mr Trump said he was 'very disappointed' in Russian President Vladimir Putin and suggested he would bring forward a deadline for Russia to agree to a ceasefire. The US president called Sir Sadiq Khan a 'nasty person', which prompted Sir Keir to come to the defence of his 'friend' the London Mayor. Construction of the new course in Menie began in 2023, with Mr Trump and his son Eric breaking ground on the project. Trump International Scotland claims the two courses will be the 'greatest 36 holes in golf'. The second course is expected to be dedicated to the president's mother, Mary Anne MacLeod, who was born on the Isle of Lewis. Critics say the Trump developments in Scotland have not delivered as many jobs as promised and work at the Menie site has caused environmental damage. Mr Trump and Sir Keir landed at Menie aboard Marine One, the president's helicopter, which was seen circling the new course before it touched down on Monday evening. The president then hosted a dinner at Menie with members of his family and guests including Scottish First Minister John Swinney. A demonstration took place in Balmedie, near the resort, on Monday. A small number of protesters sat at the roadside in the centre of the village, surrounded by cardboard signs bearing anti-Trump slogans.
Yahoo
3 minutes ago
- Yahoo
South Korea's Celltrion says tapped to buy US pharma factory to offset tariff risk
SEOUL (Reuters) -South Korean pharmaceutical firm Celltrion said on Tuesday that in an attempt to offset the risk of U.S. tariffs it had become the preferred bidder to acquire a U.S. manufacturing factory from an unnamed global pharmaceutical company. Celltrion's Founder and Chief Executive Seo Jung-jin told a briefing it planned to invest 700 billion won ($503.78 million) in the acquisition and operation of the factory, without giving a breakdown of the figure. The company could make an additional investment ranging from 300 billion won to 700 billion won depending on U.S. tariff policy. The U.S. has been conducting a national security investigation into the pharmaceutical sector and President Donald Trump said earlier this month that pharmaceutical tariffs could be as high as 200%. He expected the tariffs to offer "opportunities" by increasing drug prices and reducing competition, thus improving profitability. Celltrion said it would not disclose further details, including the name of the seller and its location, until the signing of the final agreement, which is expected in early October.
