Latest news with #Freeport-McMoRan
Arabian Post
9 hours ago
- Business
- Arabian Post
Stars at night are big and bright, deep in the heart of FCX!
Matein Khalid Dr. Copper supposedly boasts a doctorate in economic forecasting because its price predicts inflection points in the global industrial cycle and Freeport-McMoRan (FCX) is the largest listed copper miner on earth, with gold and oil drilling businesses as ancillary SBUs. Dr. Copper is not exactly my fav prognosticator of the economic cycle but I do notice a mini price breakout of the red metal on the LME, where 3-month futures now trade at $9600 a metric ton. A month ago, amid trade wars, tariff and recession angst, I had accumulated FCX at 34 as I believed that the electrification/ decarbonization of the world would make copper the ultimate strategic green metal of the 2020s. The ESG mafia has deeply inhibited new mine output growth at a time when the annual copper deficit could rise to as high as half million metric tons due to AI, EV, automation, energy transition and renewables related surges in copper consumption. Copper production is hostage to labour disputes in Chile, geopolitical trauma (DR Congo), sanctions on Russia, King Leopold, Mobutu, Joseph Conrad and Robert Friedland's heart of darkness, sovereign credit woes in Zambia and water supply problems in the Atacama desert. A New York hedge fund manager who made $2 billion trading copper at a Wall Street I-Bank told me that the clearing price of copper would almost have to double to 18,000 in the next 5 years if the energy transition is to succeed. So I am only too happy to accumulate a strategic position in FCX at 35 and itch for the real time breakout I saw in the charts last night at 40 to add a lot more juice to my bottom line on this trade. ADVERTISEMENT Given past correlations between FCX share price and the price of LME copper, I expect this puppy to easily rise to 45-46 this summer before I cry sayonara on this trade. Freeport-McMoRan is all set to be a Trump darling because it alone can help America reduce its 45% import dependency on foreign refined copper, a critical metal for an advanced $28 trillion industrial economy. After all, FCX provides 70% of the copper used for domestic US refined production. Note that Trump's tariff threats on imported refined copper means the domestic red metal now trades at a 13% premium, a DonnyT windfall not reflected in FCX when it traded at 34 on the NYSE. If US copper commands a 13% price premium over foreign imports for the rest of 2025, FCX bottom line windfall could be as high as $800 million. Everything the Trump White House says and does convinces me that the Big Guy has blessed FCX as the All-American champion in global mining and in Trumpworld, Yankee Doodle Dandy must always win the gold medal. Always! Management projects $15 billion in EBITDA if Dr. Copper trades at $5 a pound on the Chicago Merc next year, which I 100% believe it will. FCX trades at a mere 3.84X EBITDA at its current price of 40 as I write. So this is no time to say tata to my nicely fattening little copper bunny. FCX 46? You bet, cowboy. Why? Coz the stars at night, are big and bright, deep in the heart of Texas! Also published on Medium. Notice an issue? Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity.
Yahoo
17 hours ago
- Business
- Yahoo
Freeport-McMoRan (FCX) Rises But Trails Market: What Investors Should Know
Freeport-McMoRan (FCX) ended the recent trading session at $40.24, demonstrating a +0.22% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.58% for the day. Elsewhere, the Dow saw an upswing of 0.51%, while the tech-heavy Nasdaq appreciated by 0.81%. Shares of the mining company have appreciated by 7.5% over the course of the past month, outperforming the Basic Materials sector's gain of 3.65% and the S&P 500's gain of 4.61%. The upcoming earnings release of Freeport-McMoRan will be of great interest to investors. On that day, Freeport-McMoRan is projected to report earnings of $0.47 per share, which would represent year-over-year growth of 2.17%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.93 billion, up 4.69% from the year-ago period. For the full year, the Zacks Consensus Estimates project earnings of $1.67 per share and a revenue of $27.03 billion, demonstrating changes of +12.84% and +6.2%, respectively, from the preceding year. It's also important for investors to be aware of any recent modifications to analyst estimates for Freeport-McMoRan. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.63% higher. At present, Freeport-McMoRan boasts a Zacks Rank of #3 (Hold). Looking at its valuation, Freeport-McMoRan is holding a Forward P/E ratio of 24.11. For comparison, its industry has an average Forward P/E of 22.61, which means Freeport-McMoRan is trading at a premium to the group. It's also important to note that FCX currently trades at a PEG ratio of 0.79. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Mining - Non Ferrous industry stood at 0.85 at the close of the market yesterday. The Mining - Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 59, putting it in the top 24% of all 250+ industries. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
7 days ago
- Business
- Yahoo
Freeport-McMoRan (FCX) Dips More Than Broader Market: What You Should Know
In the latest market close, Freeport-McMoRan (FCX) reached $38.89, with a -1.89% movement compared to the previous day. The stock fell short of the S&P 500, which registered a loss of 0.56% for the day. Elsewhere, the Dow saw a downswing of 0.58%, while the tech-heavy Nasdaq depreciated by 0.51%. Coming into today, shares of the mining company had gained 6.65% in the past month. In that same time, the Basic Materials sector gained 3.81%, while the S&P 500 gained 7.37%. The investment community will be closely monitoring the performance of Freeport-McMoRan in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.47, reflecting a 2.17% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $6.93 billion, reflecting a 4.69% rise from the equivalent quarter last year. For the full year, the Zacks Consensus Estimates project earnings of $1.67 per share and a revenue of $26.91 billion, demonstrating changes of +12.84% and +5.71%, respectively, from the preceding year. Any recent changes to analyst estimates for Freeport-McMoRan should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.34% higher. Freeport-McMoRan is currently a Zacks Rank #3 (Hold). In terms of valuation, Freeport-McMoRan is currently trading at a Forward P/E ratio of 23.8. This denotes a premium relative to the industry's average Forward P/E of 21.62. We can additionally observe that FCX currently boasts a PEG ratio of 0.78. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Mining - Non Ferrous stocks are, on average, holding a PEG ratio of 0.8 based on yesterday's closing prices. The Mining - Non Ferrous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 47, finds itself in the top 20% echelons of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
The Market Online
13-05-2025
- Business
- The Market Online
B.C. gold explorer adds claims next to new discovery
Gold explorer Hi-View Resources (CSE:HVW) acquired 613.24 hectares of claims near Amarc Resources and Freeport-McMoRan's recent discovery at the AuRORA porphyry target in British Columbia The discovery yielded up to 4.48 grams per ton (g/t) of gold, 8.4 g/t silver and 0.96 per cent copper Hi-View Resources acquires, explores and develops mineral properties in the Toodoggone region of northern British Columbia The junior mining stock has given back over 80 per cent since 2022 Gold explorer Hi-View Resources (CSE:HVW) acquired 613.24 hectares of claims near Amarc Resources and Freeport-McMoRan's recent discovery at the AuRORA porphyry target in British Columbia's Toodoggone region, yielding up to 4.48 grams per ton (g/t) of gold, 8.4 g/t silver and 0.96 per cent copper. Amarc owns three districts in the region, each of which boasts the potential to host multiple porphyry copper-gold deposits of significant scale. Freeport-McMoRan, one of the largest public copper producers, can earn up to a 70 per cent interest in each district by investing up to C$200 million in development capital. Hi-View's new claims, contiguous with its Lawyers East claim block, were purchased from three arm's-length vendors for 600,000 Hi-View shares and C$1,073.16 in cash. The company is planning follow-up exploration at its Lawyers South, East and West claims, as well as its Golden Stranger project, the latter housing a non-compliant resource of 39,870 ounces of gold. Leadership insights 'In 2025, the Toodoggone region has solidified its status as one of Canada's premier mining districts. Amarc Resources' AuRORA discovery is potentially British Columbia's highest-grade porphyry find to date. Thesis Gold secured a C$24.5 million investment from Centerra Gold— the operator of Kemess South, the region's last active mine — which will fund a robust drill program at the Lawyers-Ranch complex. A Q4 resource update is anticipated, potentially positioning Thesis as an attractive takeover target. Skeena Resources added further momentum to the region by selling its Sophia project to TDG Gold and committing a strategic C$11.5 million investment,' Robert Nick Horsley, Hi-View Resources' chief executive officer, said in a statement. 'Meanwhile, Hi-View's land package — highlighted by historic drilling at the Golden Stranger and the underexplored Southeast Block — offers exciting untapped potential, setting the stage for the upcoming exploration season.' About Hi-View Resources Hi-View Resources acquires, explores and develops mineral properties in Canada and the USA. Its portfolio is concentrated in the Toodoggone region of northern British Columbia, which is prospective for gold, silver and copper. Hi-View Resources stock (CSE:HVW) last traded at C$0.025. The stock has given back over 80 per cent since 2022. Join the discussion: Find out what everybody's saying about this junior gold, silver and copper stock on the Hi-View Resources Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
26-04-2025
- Business
- Yahoo
Freeport-McMoRan First Quarter 2025 Earnings: Revenues Beat Expectations, EPS Lags
Revenue: US$5.73b (down 9.4% from 1Q 2024). Net income: US$352.0m (down 26% from 1Q 2024). Profit margin: 6.1% (down from 7.5% in 1Q 2024). The decrease in margin was driven by lower revenue. EPS: US$0.24 (down from US$0.33 in 1Q 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) missed analyst estimates by 1.9%. Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in the US. Performance of the American Metals and Mining industry. The company's shares are up 14% from a week ago. While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Freeport-McMoRan's balance sheet health. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
