Freeport-McMoran
About: Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at end December 2024. we expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
Employees: 27,200
0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
43% more call options, than puts
Call options by funds: $3.25B | Put options by funds: $2.28B
20% more repeat investments, than reductions
Existing positions increased: 643 | Existing positions reduced: 538
13% more first-time investments, than exits
New positions opened: 144 | Existing positions closed: 127
0% more funds holding
Funds holding: 1,499 [Q2] → 1,500 (+1) [Q3]
0% more capital invested
Capital invested by funds: $60.2B [Q2] → $60.2B (+$18.6M) [Q3]
2.09% less ownership
Funds ownership: 86.24% [Q2] → 84.15% (-2.09%) [Q3]
13% less funds holding in top 10
Funds holding in top 10: 31 [Q2] → 27 (-4) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$40
1%
upside
Avg. target
$46
16%
upside
High target
$50
27%
upside
5 analyst ratings
1 positive
20%
4 neutral
80%
0 negative
0%
Scotiabank Orest Wowkodaw 47% 1-year accuracy 7 / 15 met price target | 14%upside $45 | Sector Perform Maintained | 24 Jan 2025 |
BMO Capital Katja Jancic 25% 1-year accuracy 3 / 12 met price target | 27%upside $50 | Outperform Maintained | 24 Jan 2025 |
Jefferies Chris LaFemina 70% 1-year accuracy 14 / 20 met price target | 1%upside $40 | Hold Downgraded | 24 Jan 2025 |
JP Morgan Bill Peterson 39% 1-year accuracy 12 / 31 met price target | 22%upside $48 | Neutral Maintained | 16 Jan 2025 |
Bernstein Bob Brackett 0% 1-year accuracy 0 / 6 met price target | 17%upside $46 | Market Perform Downgraded | 7 Jan 2025 |
Financial journalist opinion
Based on 26 articles about FCX published over the past 30 days
Positive
Proactive Investors
1 day ago
C3 Metals secures $75M deal with Freeport-McMoRan – ICYMI
C3 Metals Inc (TSX-V:CCCM, OTC:CARCF) earlier this week announced a significant $75 million earn-in agreement with Freeport-McMoRan, a major global copper and gold producer. Under the terms, Freeport will invest $25 million over the first five years, with the potential to increase its stake in C3 Metals' Bellas Gate Project in Jamaica to 75%.
Neutral
CNBC Television
3 days ago
Final Trades: Agnico Eagle Mines, Freeport-McMoran, Starbucks and the KWEB
The Investment Committee give you their top stocks to watch for the second half.
Positive
Proactive Investors
5 days ago
C3 Metals partners with Freeport-McMoRan on Bellas Gate project in Jamaica
C3 Metals Inc (TSX-V:CCCM, OTC:CARCF)announced it has struck an earn-in agreement with NYSE-listed copper giant Freeport-McMoRan Inc (NYSE:FCX, ETR:FPMB) to advance the Bellas Gate Project in Jamaica. The agreement gives Freeport with the option to acquire up to a 75% interest in the project through a staged investment totaling US$75 million.
Neutral
Newsfile Corp
5 days ago
C3 Metals and Freeport Execute Earn-In Agreement for Up To US$75 Million on Bellas Gate Project, Jamaica
Toronto, Ontario--(Newsfile Corp. - February 11, 2025) - C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce that on February 10, 2025 it and certain subsidiary companies have entered into an Earn-In Agreement ("EIA") with Freeport-McMoRan Exploration Corporation ("Freeport"), a wholly-owned affiliate of Freeport-McMoRan Inc. (NYSE: FCX) relating to C3 Metals' 100%-owned Bellas Gate, Browns Hall and Arthurs Seat Special Exclusive Prospecting Licenses (the "Bellas Gate Project") in Jamaica. The Bellas Gate Project is immediately adjacent to the east of C3 Metals' and Geophysx Jamaica Limited's 50/50 joint venture Super Block project (Figure 1).
Positive
Zacks Investment Research
5 days ago
Freeport-McMoRan Inc. (FCX) is Attracting Investor Attention: Here is What You Should Know
Freeport-McMoRan (FCX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Neutral
The Motley Fool
5 days ago
Down 22%, This Excellent Value Mining Stock Is a Buy for 2025 and Beyond
Something unusual is happening with copper miner Freeport-McMoRan (FCX -1.98%). Even while the price of copper has risen over the past three months (from around $4.30 per pound to about $4.45 at the time of writing), Freeport's stock is down by almost 22% over the same period.
Neutral
Seeking Alpha
1 week ago
Freeport-McMoRan Remains Overvalued Post Earnings
Freeport-McMoRan Inc.'s earnings show continued execution and a reasonably strong balance sheet. The company is actually seeing production drop in 2025 with a modest recovery into 2026-2027 but no exciting growth. The company's flat positioning and single-digit FCF yield makes FCX stock overvalued in the current environment.
Neutral
Newsfile Corp
1 week ago
Max Resource Extends Expiry Date and Amends Price on Share Purchase Warrants
Vancouver, British Columbia--(Newsfile Corp. - February 5, 2025) - MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") announces the amendment of certain common share purchase warrants originally issued by way of private placement (the "Amendment").
Neutral
Newsfile Corp
2 weeks ago
Max Iron Brazil Ltd Has Received In-Principle Advice on Suitability from the ASX to Advance Plans for Admission to the Official List of the ASX
Vancouver, British Columbia--(Newsfile Corp. - January 31, 2025) - MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to announce that, further to its news releases on December 12, 2024, January 2, 2025, January 7, 2025, January 9, 2025, and January 20, 2025, Max Iron Brazil Ltd.
Positive
Zacks Investment Research
2 weeks ago
Freeport-McMoRan Inc. (FCX) Is a Trending Stock: Facts to Know Before Betting on It
Zacks.com users have recently been watching Freeport-McMoRan (FCX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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