Freeport-McMoRan Inc.’s Stock Price Skyrockets to $38.16, Posting a Remarkable 9.34% Increase

Freeport-McMoRan Inc. (FCX)

38.16 USD +3.26 (+9.34%) Volume: 28.69M

Freeport-McMoRan Inc.’s stock price surged to $38.16, marking a significant uptick of +9.34% this trading session on a robust trading volume of 28.69M, despite a minor year-to-date setback of -2.23%.

Latest developments on Freeport-McMoRan Inc.

Freeport-McMoRan (NYSE:FCX) has experienced significant fluctuations in its stock price recently, hitting a new 12-month low amidst talks of a 25% tariff on imports by President Trump. Despite this, institutional owners continue to show confidence in the company, with Jefferies maintaining a Buy rating and a target price of $48. Various financial firms have been actively trading FCX shares, with US Bancorp DE acquiring shares, while others like Oppenheimer & Co. Inc. reducing their positions. Additionally, recent developments include a $75M deal with C3 Metals and a Copper Discovery in Peru, indicating potential growth opportunities for Freeport-McMoRan.

Freeport-McMoRan Inc. on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have been closely covering Freeport Mcmoran, a company that recently delivered solid operational performance. According to Baptista Research‘s report titled “Freeport-McMoRan: Geopolitical & Diversification Strategy To Shape the Future! – Major Drivers,” the company’s EBITDA saw a significant 14% increase from 2023 to $10 billion in 2024. The report highlights both strengths and areas of concern for Freeport Mcmoran, shedding light on its financial and operational performance.

In another report by Baptista Research, titled “Freeport-McMoRan Inc.: Expansion & Efficiency At Key Operations As A Crucial Growth Lever! – Major Drivers,” analysts discuss how Freeport Mcmoran demonstrated strong execution against its strategic plans in the third quarter of 2024. The company reported substantial earnings with EBITDA reaching $2.7 billion and operating cash flows at $1.9 billion. Despite facing challenges, Freeport Mcmoran capitalized on favorable market conditions for copper and gold, exceeding sales volume guidance and showcasing favorable unit cash cost performance.

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, an international natural resources company, has received positive scores in several key areas according to Smartkarma Smart Scores. With a strong dividend score of 4 and momentum score of 4, the company shows promise in terms of returning value to investors and maintaining positive growth. While value, growth, and resilience scores are all at a moderate level, the overall outlook for Freeport Mcmoran seems optimistic based on these ratings.

Freeport Mcmoran‘s Smartkarma Smart Scores indicate a solid performance in key areas such as dividend and momentum. As an international company with significant reserves of various resources including copper, gold, and oil, Freeport Mcmoran‘s resilience score of 3 suggests a steady ability to weather market fluctuations. With a balanced overall score across different factors, Freeport Mcmoran appears to have a stable long-term outlook in the natural resources sector.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma