At the end of the last trading day, Freeport-McMoRan (FCX) was priced at $37.68, which represents a decrease of 1.26% compared to the day before.
Freeport-McMoRan's shares are suffering due to investors moving away from the U.S. market, but they are expected to rise as copper prices increase.
Freeport-McMoRan (FCX) saw an increase in its share price during the last trading session, with higher-than-normal trading volume. However, the recent changes in earnings estimates for the stock do not indicate that this upward trend will continue in the future.
In the most recent trading session, Freeport-McMoRan (FCX) finished at $37.42, which is a decrease of 1.4% compared to the day before.
FCX is in a good position with its expansion efforts and strong financial status, but rising production costs and decreasing copper prices should be approached with care.
Freeport-McMoRan Inc (NYSE:FCX) shares are rising, increasing by 2.2% to $38.80 in premarket trading after Jefferies raised their rating.
Freeport-McMoRan Inc. (NYSE:FCX) will be participating in the 34th Global Metals, Mining & Critical Minerals Conference hosted by BMO Capital Markets on February 24, 2025, at 9:30 AM ET. Kathleen Quirk, the President and future CEO, will represent the company. Katja Jancic from BMO will be leading the conference call.
Freeport-McMoRan Inc. has reported steady performance and a solid financial position. However, the company expects a decline in production in 2025, with only a slight improvement in 2026-2027, indicating no significant growth. Given its stable situation and low free cash flow yield, FCX stock appears to be overpriced right now.
After the fourth-quarter FY24 results were announced yesterday, multiple analysts updated their price predictions and ratings for Freeport-McMoRan, Inc. FCX.
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