Stock investment activity around Freeport-McMoRan (FCX) is varied with numerous significant purchases and sales of shares reported. Market experts, including Jim Cramer, recommend the stock as a strong buy with expected copper demand surge, particularly in China. However, the stock has experienced a decline while the market improved. There's also concern about FCX's lowered gold sales guidance for Q1. Other concerns include copper tariff implications, contributing to a 7.1% decrease in the stock. Nonetheless, FCX has affirmed its dividend of US$0.15 amidst rising prices. The company's stock hit a new 12-month low before witnessing a rise. FCX's operational update for Q1 2025 has been issued, and the stock has been deemed the best copper stock to buy by Wall Street analysts. Despite surging copper prices failing to lift the stock, large institutional holdings in FCX pointed towards strong investor confidence. The market seems split on the short-term performance of the stock, but analysts see the long-term upside due to China's copper demand.
Freeport-Mcmoran FCX News Analytics from Sat, 16 Nov 2024 08:00:00 GMT to Sun, 06 Apr 2025 00:06:52 GMT -
Rating 4
- Innovation 3
- Information 6
- Rumor -4
