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FCX
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Weekly Report: what happened at FCX last week (0422-0426)?
Weekly Report · 35m ago
This High-Flying Stock Has a $3.7 Billion Secret Weapon
Shares of Freeport-McMoRan are up 13% this year. The copper miner's leaching initiative and brownfield expansion opportunities put it in an ideal spot to benefit from an increase in the price of copper. Investors can benefit from its "secret weapon" of leaching technology.
The Motley Fool · 1d ago
Freeport-McMoRan: Bold Management Guidance Warrants Taking Some Profits
Freeport-McMoRan's management forecast average copper price of $4.25/lb and $2,300/oz for gold in 2024. A sensitivity analysis with copper and gold prices just 2% and 5% below guidance would give FCX a fair share of $42 per share. The company gave an upbeat guidance for 2024 above January estimates.
Seeking Alpha · 2d ago
Notable Friday Option Activity: DPZ, UVE, FCX
NASDAQ · 2d ago
BUZZ-Copper miners gain as red metal climbs to two-year high
Three-month copper up 0.9% at $9,950.50/metric ton on London Metal Exchange. Shares of copper miners rise, tracking prices of the red metal. BHP Group's BHP.AX $39 billion bid for Anglo American rejected.
Reuters · 2d ago
10 Materials stocks that beat Q1 earnings estimates this week
Commodities 10 Materials stocks that beat Q1 earnings estimates this week. 12 materials stocks that belong to the S&P 500 Materials Sector reported their first quarter results. Out of the 12 companies that reported, 10 surpassed estimates, while 2 companies fell short of expectations. The Materials Sector has climbed 4% compared to a nearly 6% gain in the SPY.
Seeking Alpha · 2d ago
Anglo American and Other Copper Stocks Have Surged. Time to Sell.
Copper prices and shares of copper miners have run too high and look vulnerable to declines. Copper prices are up 28% from a low in mid-October. Copper miners are well above their 200-day moving average, making them vulnerable to a drop. A potential merger in the sector may be a sign for investors to sell.
Barron‘s · 2d ago
Anglo American Rejects BHP Offer. Stock Rises as Report Says Elliott Takes Big Stake.
Anglo American rejects BHP's all-share offer for the international miner. BHP is the world's largest miner. Anglo American is a major copper producer in South America. The company says the offer "significantly undervalues" the firm and its prospects. Elliott Investment Management has built a stake in Anglo American of about $1 billion.
Barron‘s · 2d ago
FREEPORT-MCMORAN INC SAYS CEO PAY RATIO FOR 2023 WAS 256 TO 1
Reuters · 2d ago
Copper charges past $10K/ton on market tightness, surging demand
Seeking Alpha · 2d ago
Copper Is A Hot Commodity: Bidding War for Anglo American May Emerge After BHP's 'Low Ball' Offer — 'Let The Games Begin'
Australian miner BHP Group's nearly $40 billion bid for rival Anglo American may not be enough to acquire the company. BHP is the world's third-largest copper producer. Other diversified miners will probably make rival bids for copper assets. The company is doubling down on the red metal amid expectations of rising demand for copper.
Benzinga · 3d ago
Freeport-McMoRan Publishes 2023 Annual Report on Sustainability
Freeport-McMoRan Inc. Releases its 2023 Annual Report on Sustainability detailing its environmental, social and governance performance during the year. This report marks FCX’s 23rd year of reporting on its sustainability progress. FCX is one of the world's largest publicly traded copper producers.
Barchart · 3d ago
Copper Nears a Two-year High As M&A Heats Up -- Market Talk
Copper futures trading on NYMEX are up 1.1% to $4.535 a pound, the highest level since June 2, 2022. The uptick comes as Australia's BHP Group unleashes its $38.8 billion bid for Anglo American. StoneX Group has attributed the move to concerns over availability of copper ore.
Dow Jones · 3d ago
BHP Might Need to Boost Its Bid for Anglo American. Other Buyer Could Emerge.
BHP has made an offer for Anglo American. The company has stakes in three big South American copper mines. Investors appear to be banking on a higher bid for the company. A combination with BHP would create the world's largest copper producer. The stock of Anglo American is up 16.7%.
Barron‘s · 3d ago
Freeport-McMoRan Price Target Raised to $54.00/Share From $44.00 by Argus Research
Dow Jones · 3d ago
Freeport-McMoRan Is Maintained at Buy by Argus Research
Dow Jones · 3d ago
Argus Research Maintains Buy on Freeport-McMoRan, Raises Price Target to $54
Benzinga · 3d ago
CHILE PRESIDENT BORIC SAYS TARGETING INCREASING ANNUAL COPPER OUTPUT BY 1 MLN TONS BY THE END OF HIS TERM IN 2026
Reuters · 3d ago
BHP, Anglo American May Merge. Why It Could Impact Rivals Freeport-McMoRan, Albemarle.
BHP Group, the Australian miner, has approached rival Anglo American about an all-share offer. The proposed merger comes as competition for vital metals heats up. A merger of BHP and Anglo American could reshape the playing field for U.S. Firms like Freeport-McMoRan and Albemarle.
Barron‘s · 4d ago
FREEPORT-MCMORAN INC <FCX.N>: BERNSTEIN CUTS TARGET PRICE TO $50.5 FROM $52.5
Reuters · 4d ago
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About FCX
Freeport-McMoRan Inc. is an international mining company. The Company operates geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. Its portfolio of assets includes the Grasberg minerals district in Indonesia, which is a copper and gold deposits, and significant mining operations in North America and South America, including the Morenci minerals district in Arizona and the Cerro Verde operation in Peru. Its segments include the Morenci, Cerro Verde and Grasberg (Indonesia mining) copper mines, the Rod & Refining operations and Atlantic Copper Smelting & Refining. In North America, it operates seven copper mines: Morenci, Bagdad, Safford (including Lone Star), Sierrita and Miami in Arizona, and Chino and Tyrone in New Mexico, and two molybdenum mines: Henderson and Climax in Colorado. In South America, it also operates the El Abra copper mine. The Morenci mine produces copper cathode, copper concentrate and molybdenum concentrate.