Freeport-McMoran (FCX) has seen both turbulence and resilience in recent market activity. The imposition of a
50% copper tariff led to a significant decline in the stock, falling by 9.46%. Despite this setback, Q2 earnings showcases a surge in sales to US$7,582 million. Many investment firms have also increased their stake in FCX, echoing Thornburg Investment Management Inc., Banque Cantonale Vaudoise, and TCTC Holdings LLC's move. However, FCX's FY2025 guidance reduction has been offset by higher spot prices, stabilizing the value. FCX's fundamentals remain strong with optimistic re-rating prospects, and it is considered a strong value stock. Analyst sentiments present a general bullish stance, despite some disappointment in Q2 performances and lowered stakes from several investment firms. FCX is projected to exceed earnings estimates, making it an attractive momentum stock for the long-term. The introduction of Trump's copper tariff has seen mixed reactions, with potential gains for FCX due to competitors' limited options. However, the company's stock has taken hits, and Chile's attempt to seek a tariff exemption may intensify the situation. Nonetheless, the completion of FCX's share buyback and strong earnings growth bode well for the overall outlook.
Freeport-Mcmoran FCX News Analytics from Thu, 13 Mar 2025 07:00:00 GMT to Sat, 02 Aug 2025 12:22:52 GMT -
Rating -3
- Innovation 7
- Information 8
- Rumor -1
