Freeport-McMoRan Inc.’s Stock Price Plummets to $29.15, Witnessing a Sharp 13.01% Drop

Freeport-McMoRan Inc. (FCX)

29.15 USD -4.36 (-13.01%) Volume: 44.37M

Freeport-McMoRan Inc.’s stock price stands at 29.15 USD, suffering a significant drop of -13.01% this trading session with a hefty trading volume of 44.37M, reflecting a concerning YTD decline of -23.45%, underlining the volatile performance of FCX stocks in the market.

Latest developments on Freeport-McMoRan Inc.

Freeport-McMoRan Inc. stock faced underperformance compared to its competitors on Friday, despite positive news. Jim Cramer recommended buying FCX due to tariff tailwinds and AI data center catalysts. Price targets were raised by Raymond James and Bernstein, with Oaktree Capital Management lowering its stock position. The company’s CEO highlighted their significant copper mining contribution in the U.S. However, concerns over copper tariffs led to a 7% drop in stock price. Various investment firms made significant moves with Freeport-McMoRan shares, indicating a mix of confidence and caution in the market.

Freeport-McMoRan Inc. on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have been covering Freeport Mcmoran and providing insights on the company’s financial performance. In a recent report titled “Freeport-McMoRan: Geopolitical & Diversification Strategy To Shape the Future! – Major Drivers,” analysts highlighted the company’s solid operational performance in 2024, with sales targets being met and unit costs improving. Freeport-McMoRan recorded an EBITDA of $10 billion and operating cash flows of over $7 billion, showing a significant improvement from the previous year.

Another report by Baptista Research, “Freeport-McMoRan Inc.: Expansion & Efficiency At Key Operations As A Crucial Growth Lever! – Major Drivers,” discussed the company’s third-quarter 2024 results. Analysts noted that Freeport-McMoRan performed well against its strategic plans, capitalizing on favorable market conditions for copper and gold. The company reported substantial earnings, with EBITDA reaching $2.7 billion and operating cash flows at $1.9 billion. Despite challenges that could impact future performance, analysts remain bullish on Freeport Mcmoran‘s growth prospects.

A look at Freeport-McMoRan Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Freeport Mcmoran has a positive long-term outlook according to Smartkarma Smart Scores. The company scored well in Dividend and Momentum, indicating strong potential for growth and returns for investors. Additionally, Freeport Mcmoran scored average in Value, Growth, and Resilience, suggesting stability and potential for future development in these areas. Overall, the company’s diverse assets in copper, gold, molybdenum, cobalt, oil, and gas position it well for long-term success in the natural resources sector.

Freeport Mcmoran, an international natural resources company, received favorable ratings in Dividend and Momentum from Smartkarma Smart Scores. With significant reserves of copper, gold, molybdenum, cobalt, oil, and gas, the company is well-positioned for growth and stability in the long term. While scoring average in Value, Growth, and Resilience, Freeport Mcmoran‘s diverse portfolio of assets indicates a promising outlook for investors seeking opportunities in the natural resources industry.

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