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.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
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.
Freeport-McMoRan (FCX) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.27 per share a year ago.
American mining company Freeport-McMoRan Inc (NYSE:FCX) will announce quarterly results ahead of the open Thursday, Jan. 23.
Weaker copper prices and sales volumes are likely to have impacted FCX's performance in the fourth quarter.
There are mixed signals in the economy; however, "Dr. Copper" and FDX performance can provide insights into economic health. Freeport-McMoRan's fundamentals remain strong with steady dividends, significant cash reserves, and ongoing investments in brownfield and greenfield projects to maintain and grow reserves. Despite some concerns about rising costs, Freeport-McMoRan's diversified production and future automation plans position it well for long-term growth and cost reduction.
Freeport-McMoRan (FCX) reachead $40.22 at the closing of the latest trading day, reflecting a +0.47% change compared to its last close.
Get a deeper insight into the potential performance of Freeport-McMoRan (FCX) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.