Streetbeat News

FCX

Freeport-McMoRan Inc.

Industry

Copper

Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. As of December 31, 2021, it operated approximately 135 wells. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona.

Open

43.50

Mkt cap

60B

Volume

11M

High

43.82

P/E Ratio

30.94

52-wk high

55.24

Low

42.06

Div yield

0.02

52-wk low

35.47

Financial giants have made bearish moves on Freeport-McMoRan (NYSE:FCX) with 14 unusual options trades. 42% of traders showed bearish tendencies, with significant put and call activities. Analysts have a target price of $60.0, and the stock is currently trading at $47.76.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 4:31 pm

Freeport-McMoRan shares are trading lower due to a decline in copper prices.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 3:22 pm

CNBC's 'Final Trades' featured stock picks from various analysts. Jim Lebenthal recommended Qualcomm (QCOM), citing strong technicals and fundamentals. Bryn Talkington highlighted Freeport-McMoRan (FCX) for its support at $45 and new CEO. Jason Snipe chose Caterpillar (CAT), which recently raised its dividend and share repurchase program. Joshua Brown picked Starbucks (SBUX), which won a significant Supreme Court ruling. Stock price movements were mixed, with QCOM and SBUX gaining, while FCX and CAT saw declines.

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 12:43 pm

The CNBC Halftime Report highlighted final trades including Freeport-McMoRan, QUALCOMM, Caterpillar, and Starbucks. These companies were discussed for their potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 5:01 pm

Freeport-McMoRan shares are trading lower due to a decline in copper prices.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 3:36 pm

Freeport-McMoRan (NYSE:FCX) has appointed Kathleen Quirk as its new CEO, who plans to ramp up copper production to meet growing global demand. Despite challenges like labor shortages and higher costs, Quirk is optimistic about leveraging technology to extract copper from waste rock, aiming to generate 800 million pounds of copper annually over the next three to five years.

Portfolio Pulse from Stjepan Kalinic

June 12, 2024 | 3:01 pm

The article discusses recent options trading activity for Freeport-McMoRan (NYSE:FCX), revealing a balanced sentiment among traders with significant trades in both puts and calls. Analysts have set a price target range of $46.0 to $55.0, with a consensus target price of $57.0. The stock is currently down 2.56% at $48.72, and RSI indicators suggest it may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 2:46 pm

Freeport-McMoRan shares are trading lower due to a decline in copper prices.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 2:11 pm

Wall Street hit record highs on Friday following a stronger-than-expected jobs report. Non-farm payrolls increased by 272,000 in May, surpassing expectations. This led to a reassessment of rate-cut hopes, causing bond yields to rise and fixed-income markets to drop. The S&P 500 and Nasdaq 100 reached new highs, while small caps fell. The U.S. dollar index rallied, pressuring commodities like gold and silver. Major ETFs and stocks had mixed performances, with notable declines in GameStop, AMC, and mining stocks.

Portfolio Pulse from Piero Cingari

June 07, 2024 | 5:54 pm

The May labor market report showed stronger-than-expected job gains and wage growth, leading to a decline in hopes for a July rate cut. Major indices experienced slight declines, with sector-specific reactions varying. Financials and health care outperformed, while real estate and materials underperformed.

Portfolio Pulse from Piero Cingari

June 07, 2024 | 2:50 pm

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