Freeport-McMoRan insiders have reportedly been selling shares, causing apprehension among investors. The company has been a hot topic among options traders, amidst its recent stock trend. The earnings and revenues for Q3 and Q1 2024 reportedly missed estimates. Nonetheless, analysts predict a solid rise in the firm's earnings and a continued upside, despite a minor slump in stock value.
FCX investors have seen a 3.5% increase over the past week, but the company's earnings have declined over the previous five years.
Freeport-McMoRan significantly surpassed analyst revenue forecasts for Q1 2024, despite a decline in stock. The CEO of the company has recently sold $2,781,271.38 in stock. According to Zacks research, analysts have raised estimates for Q2 2024 EPS.
As the copper prices are expected to climb, this will likely offer modest benefits to the mining company. Freeport-McMoRan released their 2023 Annual Report on Sustainability and bold management guidance recommends profit-taking. Copper production has boosted FCX's earnings past Wall Street's expectations.
Freeport-Mcmoran FCX News Analytics from Tue, 14 Nov 2023 08:00:00 GMT to Sun, 12 May 2024 12:12:28 GMT -
Rating 5
- Innovation -3
- Information 7
- Rumor 2
