While FCX is well-placed on progress in expansion activities and robust financial health, high production costs and falling copper prices warrant caution.
Shares of Freeport-McMoRan Inc (NYSE:FCX) are climbing, up 2.2% to $38.80 in premarket trading, following an upgrade from Jefferies.
Freeport-McMoRan Inc. (NYSE:FCX ) BMO Capital Markets 34rd Global Metals, Mining & Critical Minerals Conference February 24, 2025 9:30 AM ET Company Participants Kathleen Quirk - President and incoming CEO Conference Call Participants Katja Jancic - BMO Katja Jancic Hello, everyone. Next up, we have Freeport.
Freeport-McMoRan (FCX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Something unusual is happening with copper miner Freeport-McMoRan (FCX -1.98%). Even while the price of copper has risen over the past three months (from around $4.30 per pound to about $4.45 at the time of writing), Freeport's stock is down by almost 22% over the same period.
Freeport-McMoRan Inc.'s earnings show continued execution and a reasonably strong balance sheet. The company is actually seeing production drop in 2025 with a modest recovery into 2026-2027 but no exciting growth. The company's flat positioning and single-digit FCF yield makes FCX stock overvalued in the current environment.
Zacks.com users have recently been watching Freeport-McMoRan (FCX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Several analysts revised the price forecast and rating for Freeport-McMoRan, Inc. FCX following fourth-quarter FY24 results reported yesterday.
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Freeport-McMoRan Inc. (NYSE:FCX ) Q4 2024 Earnings Conference Call January 23, 2025 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 Cory Stevens - Senior Vice President, and President of FM Technical Services Conference Call Participants Liam Fitzpatrick - Deutsche Bank Katja Jancic - BMO Capital Markets Alexander Hacking - Citi Chris LaFemina - Jefferies Daniel Major - UBS Orest Wowkodaw - Scotiabank Bill Peterson - JPMorgan Timna Tanners - Wolfe Research Michael Dudas - Vertical Research Bob Brackett - Bernstein Research Lawson Winder - B of A Brian MacArthur - Raymond James Operator Good morning everyone and welcome to the Freeport Conference Call. Earlier this morning FCX reported its fourth quarter and full year 2024 operating and financial results.
Lower copper and gold sales in the fourth quarter adversely impact FCX's top line.
The headline numbers for Freeport-McMoRan (FCX) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.