Freeport-McMoRan (FCX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
FCX has enjoyed great gains over the past few months, thanks to the Panama mine closure and higher copper spot prices. Combined with Indonesia operation's increased output and rich gross margins, the miner has reported higher top/ bottom lines with things likely to remain promising through 2025. However, based on historical trend, FCX is unlikely to offer higher dividends with most of its spot-price-linked capital appreciation already baked in.
Freeport-McMoRan (FCX) concluded the recent trading session at $49.34, signifying a -1.32% move from its prior day's close.
In the most recent trading session, Freeport-McMoRan (FCX) closed at $50.49, indicating a +1.59% shift from the previous trading day.
In the latest trading session, Freeport-McMoRan (FCX) closed at $52.31, marking a -0.87% move from the previous day.
Electric vehicle sales are expected to accelerate this year, creating a big opportunity for some of the top EV stocks to buy. We have to remember that 2023 EV sales were strong.
Freeport-McMoRan (FCX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Societe Generale says to consider shares of companies that mine the metal and other materials critical to the clean energy transition.
The latest trading day saw Freeport-McMoRan (FCX) settling at $51.53, representing a +0.64% change from its previous close.
Subscribers to Schaeffer's Weekend Trader options recommendation service received this FCX commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters.
Freeport-McMoRan (FCX) reported earnings 30 days ago. What's next for the stock?
In early May, the Biden Administration announced it would increase tariffs on steel, aluminum, semiconductors, electric vehicles, batteries, critical minerals and solar cells. The announcement creates opportunities for some of the top mining stocks to buy.