- FCX has increased its forecast for full-year copper unit net cash costs per pound to $1.55, up from the previous estimate of $1.50, and above analysts’ estimate of $1.42.
- For the third quarter, FCX expects copper unit net cash costs per pound to rise to $1.59, higher than the analysts’ estimate of $1.29.
- In the second quarter, FCX reported adjusted earnings per share of 54 cents, compared to 46 cents last year and surpassing the estimate of 45 cents.
- FCX’s revenue reached $7.58 billion in the second quarter, representing a 14% increase year-over-year and beating the estimate of $7.18 billion.
- Capital expenditure rose 13% year-over-year to $1.26 billion, slightly above the anticipated $1.21 billion.
- Copper production decreased by 7.1% year-over-year to 963 million pounds.
- Copper unit net cash costs per pound fell by 35% year-over-year to $1.13, lower than the estimated $1.31.
- The average realized price for copper per pound was $4.54, a 1.3% year-over-year increase, exceeding the estimate of $4.39.
- Gold production dropped 28% year-over-year to 317,000 ounces, below the estimate of 471,884 ounces.
- Gold sales volume increased by 45% year-over-year to 522,000 ounces, higher than the estimate of 500,176 ounces.
- The average realized price for gold per ounce rose 43% year-over-year to $3,291, surpassing the estimate of $3,286.
- Molybdenum production increased by 10% year-over-year to 22 million pounds, in line with the estimate of 21.64 million.
- Molybdenum sales volume grew by 4.8% year-over-year to 22 million pounds, slightly above the estimate of 21.99 million.
- The average realized price for molybdenum per pound decreased by 2.9% year-over-year to $21.10, still above the estimate of $20.65.
- Market sentiment is generally positive with 14 buy ratings, 7 hold ratings, and 1 sell rating for FCX.
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Freeport Mcmoran on Smartkarma
Analysts on Smartkarma, like Baptista Research, are closely monitoring Freeport-McMoRan, a key player in copper production. Baptista Research‘s report titled “Freeport-McMoRan: An Insight Into Its Indonesia Smelter Developments” dives into the company’s first quarter 2025 results, highlighting a mix of opportunities and challenges. The focus on copper, vital for global electrification efforts, positions Freeport-McMoRan well, but external factors such as U.S. tariff policies and geopolitical risks add complexity to its profitability.
Another report by Baptista Research, “Freeport-McMoRan: Geopolitical & Diversification Strategy To Shape the Future! – Major Drivers,” sheds light on the company’s strong performance in 2024. With EBITDA reaching $10 billion and operating cash flows surpassing $7 billion, Freeport-McMoRan showcases solid operational strength. Analysts point to the company’s strategic diversification efforts as key drivers for future growth, emphasizing a positive outlook despite certain operational concerns.
A look at Freeport Mcmoran Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
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 Inc., an international natural resources company with significant reserves of copper, gold, and other minerals, has received a mixed outlook based on the Smartkarma Smart Scores. The company scored well in momentum, indicating a positive trend in its stock performance. Additionally, it received moderate scores in value and resilience. However, Freeport Mcmoran scored lower in growth and dividend factors.
Looking ahead, Freeport-McMoRan’s long-term outlook seems to be influenced positively by its recent momentum, suggesting potential opportunities for investors. While the company may face challenges in terms of growth and dividends, its solid value and resilience scores indicate a stable foundation. Overall, investors may want to monitor Freeport Mcmoran closely, considering its varying scores across different factors as they make investment decisions.
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.
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