Investor interest in copper and gold miner
Freeport-McMoRan has been accentuated by a reported surge in sales. The company's Q2 earnings showed a strong performance, with net income posting a 20.9% increase. This has prompted investment actions by various major players, with Wealthspire Advisors LLC, LaSalle St. Investment Advisors LLC, Blair William & Co. IL, and Goldman Sachs among those that have raised their stakes in the company. However, the outlook is not uniformly rosy, with
turbulence expected due to a predicted downturn in Q3, a fear reflected in the company's stock slumping amid declining production rates. Decisive action from the Trump administration has also caused a stir, with a 50% tariff now being applied to copper, causing FCX's stock to fall 9.46%. Amid this volatility, analysts expect Freeport-McMoRan's stock to beat earnings estimates thanks to the resilience of its high-liquidity strategy, whilst warning that it's still a risky, tariff-driven play in a volatile market. Lastly, the reduction in FY2025 guidance negates the advantage of higher spot prices. Despite this, FCX is still believed to be top pick for those seeking copper exposure.
Freeport-Mcmoran FCX News Analytics from Tue, 03 Jun 2025 07:00:00 GMT to Sat, 09 Aug 2025 11:17:41 GMT -
Rating -2
- Innovation 3
- Information 7
- Rumor 2
