Freeport-McMoRan (FCX), an NYSE-listed company, has experienced significant growth with returns up to 457% over the last five years. Sanctuary Advisors LLC and B. Riley Wealth Advisors Inc. has added positions in FCX cementing strong investor confidence. FCX's management is focusing on production, rejecting M&A strategies unlike some rivals like BHP and Rio Tinto. High copper output is a major area of focus. Its decisions on dividends seem stable at $0.15. Scottiabank however, downgraded FCX stock rating possibly due to its steep stock price falling 2.5% and significant call put ratio. Despite falling stock and solid fundamentals, Bullish Wall Street views and Analysts' opinions suggest FCX's future expectations align with its strong financial prospects. Key investors are reported to own 85% of FCX's holdings. Hosking Partners also seem to consider FCX as a top choice in their portfolio. Meanwhile, FCX's Q1 2024 earnings reports better than predicted revenue forecasts and continue to ascend even when the market dips. However, FCX stock was estimated to report a decline in earnings.
Freeport-Mcmoran FCX News Analytics from Mon, 01 Apr 2024 07:00:00 GMT to Sat, 05 Oct 2024 14:00:16 GMT -
Rating 8
- Innovation 6
- Information 8
- Rumor 1
