Freeport-McMoRan Stock News

The investment case for the copper miner is based on long-term demand and its ability to expand supply.

Leaching production provided efficiency gains at the expense of lower copper production. Milling inefficiency in the US was offset by full-capacity operations in South America and excellent low-cost mining in Indonesia. Management guidance lowered EBITDA sensitivity to copper, gold, and energy prices, impacting company valuation. Still, prices around fair value between $44.15 and $48.82 represe...

Freeport-McMoRan's share price and trading volumes were not influenced by the recent earnings release. Some progress is being made on expansion projects and cost structure, but market participants have shrugged these off. With the production outlook unchanged, copper prices will remain the only game in town for FCX shareholders.

Freeport-McMoRan Inc. (NYSE:FCX ) Q3 2024 Earnings Conference Call October 22, 2024 10:00 AM ET Company Participants David Joint - Vice President, Investor Relations Richard Adkerson - Chairman Kathleen Quirk - President and CEO Maree Robertson - EVP and CFO Josh Olmsted - President and Chief Operating Officer Conference Call Participants Chris LaFemina - Jefferies Liam Fitzpatrick - Deutsche B...

The outlook for the price of copper is excellent, and this stock is ideally positioned to benefit.

Freeport-McMoRan is a copper miner, putting it in a position to benefit from the ongoing shift toward electrification.

Freeport-McMoRan has a bright future.

Shares of Freeport-McMoRan (FCX) and other miners tumbled Tuesday, along with the prices of key metals, after China announced economic measures that fell short of a much-anticipated added stimulus package.