Freeport-McMoRan Inc. (FCX) appears on the investors radar due to multiple factors, including its
ownership structure,
stock performance, and
analysts' view. Several institutions have adjusted their stake in FCX. While some have increased their holdings, others have reduced their stake.
Bullish indications are seen with firms such as Jefferies upgrading FCX to
Buy and investors favoring it for future gains. Simultaneously, signs of uncertainty emerge with its stock moving
-1.4% and stakeholders cutting back their holdings. FCX has been labelled a 'big winner' in response to copper tariffs, yet there exists speculation that the copper market's potential to plunge comes with reduced Chinese stimulus hope. FCX's domination by institutional owners and bullish view by high-profile investors indicate a positive outlook. Despite declining forecast earnings, Wall Street analysts continue to rate it favorably. However, FCX has suffered a more considerable drop than the general market, arousing mixed analyst reactions. Earning Q4 remained less than the expected EPS, leading to more volatility.
Freeport-Mcmoran FCX News Analytics from Tue, 24 Sep 2024 07:00:00 GMT to Sat, 01 Mar 2025 17:45:31 GMT -
Rating -1
- Innovation -2
- Information 8
- Rumor -4
