Freeport-McMoRan Inc. (FCX) recently surpassed Q2 2024 earnings estimates and outperformed competitors. The company's
Q2 revenues and EPS beat the forecast, garnering favorable attention from investors. However, Raymond James and Scotiabank lowered their price targets to $53.00 and $58.00. Despite the volatile copper prices, the company's
EPS exceeded predictions. Covestor Ltd and Natixis increased their holdings in FCX, while Toronto Dominion Bank and Bessemer Group Inc trimmed their stakes. Notably, the company is planning a
$7.5B expansion of the El Abra copper mine in Chile. FCX's Q2 profits and revenues surpassed estimates and the stock has gained 6.2% since the last earnings report. Investors anticipate that the upcoming Q3 2024 earnings are expected to continue this positive trend. Orion Portfolio Solutions LLC and CreativeOne Wealth LLC have taken new positions in FCX. Despite a challenging global context, FCX's Q4 and full-year 2023 results were sturdy, while Mitsubishi UFJ Trust & Banking Corp reduced their shares in FCX.
Strategic SWOT insights and anticipation of further gains drive strong investor interest in FCX.
Freeport-Mcmoran FCX News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Sat, 27 Jul 2024 14:23:36 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 6
