The Latest Breaking News from FCX

The Electric Vehicle (EV) industry is expected to register solid growth in the coming years owing to an increased focus on sustainable transportation and favorable government initiatives. Given this backdrop, we think companies that are an integral part of the EV supply chain Albemarle (ALB), Vale S.A. (VALE), Freeport-McMoRan (FCX),…

Rising commodity prices and soaring demand for metals and materials should drive the performance of mining companies. Moreover, the digitization of various mining operations should bode well for the industry. Therefore, fundamentally sound mining stocks Rio Tinto Group (RIO), BHP Group Limited (BHP), Glencore plc (GLNCY), Vale S.A. (VALE), and…

Freeport-McMoRan (NYSE:FCX) has outperformed the market over the past 5 years by 16.05% on an annualized basis producing an average annual return of 26.33%. Currently, Freeport-McMoRan has a market capitalization of $54.46 billion.

With continuing production and supply chain hurdles, the copper shortage has become worldwide. However, demand for copper across several industries continues to be strong. Thus, amid surging copper price estimates, we think it could be wise to bet on the stocks of quality copper companies Southern Copper (SCCO) and Freeport-McMoRan…

Someone with a lot of money to spend has taken a bearish stance on Freeport-McMoRan (NYSE:FCX). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Freeport-McMoRan (NYSE:FCX) has outperformed the market over the past 5 years by 14.98% on an annualized basis producing an average annual return of 26.85%. Currently, Freeport-McMoRan has a market capitalization of $60.58 billion.

The world's largest publicly traded copper producer, Freeport-McMoRan (FCX), has gained from the bullish performance of copper in 2021. However, its stock declined more than 15% in price last week after management issued a weaker outlook. So, can the stock regain its momentum in the near term? Let's discuss.

Freeport-McMoRan Inc (NYSE:FCX) reported first-quarter revenue growth of 36.1% year-over-year to $6.6 billion, beating the consensus of $6.41 billion. Adjusted EPS improved to $1.07 from $0.51 in 1Q21, beating the consensus of $0.94. Average realized prices were $4.66 per pound for copper, $1,920 per ounce for gold, and $19.30 per pound for…

Copper prices are currently hovering near all-time highs due to fears of supply disruptions and low stockpiles. As the world transitions towards clean energy, the demand for copper, a widely used metal in energy generation, is expected to keep surging, leading to a further increase in its prices. Fundamentally strong…