Freeport-McMoRan (FCX) Q4 2024 Earnings Call Transcript
Good morning, everyone, and welcome to the Freeport conference call. Earlier this morning, FCX reported its fourth-quarter and full-year 2024 operating and financial results. A copy of today's release with supplemental schedules and slides are available on our website, fcx.com. Today's conference call is being broadcast live on the Internet.
Freeport-McMoRan (NYSE:FCX) Shares Down 6% on Disappointing Earnings
Shares of Freeport-McMoRan Inc. (NYSE:FCX – Get Free Report) traded down 6% during trading on Thursday after the company announced weaker than expected quarterly earnings. The stock traded as low as $36.
Freeport-McMoRan: Strong Q4 Earnings and Bullish Copper Outlook Justify Buy Rating
Freeport-McMoRan (FCX – Research Report), the Basic Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Lawson
Freeport-McMoRan beats Q4 profit estimates helped by higher copper prices
McMoRan beat fourth-quarter profit estimates on Thursday, as higher copper prices helped offset the impact of lower production.Copper prices climbed in the quarter, buoyed by signs of increased stimulus in top consumer China,
Freeport-McMoRan: Q4 Earnings Snapshot
The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share. The mining company posted revenue of $5.72 billion in the period, which fell short of Street forecasts.
Freeport-McMoRan’s Positive Outlook Justifies Buy Rating Amid Strategic Growth Initiatives
Carlos De Alba, an analyst from Morgan Stanley, maintained the Buy rating on Freeport-McMoRan (FCX – Research Report). The associated price
Freeport-McMoRan beats fourth-quarter profit estimates
Miner Freeport-McMoRan beat fourth-quarter profit estimates on Thursday, helped by higher copper prices. Average copper prices rose in the fourth quarter, helped by signs of more stimulus in top consumer China,
Freeport McMoRan slips as 2025 copper guidance miss outweighs Q4 earnings beat
Freeport McMoRan (NYSE:FCX) -2.6% in Thursday's trading after better than expected Q4 adjusted earnings were overshadowed by lower copper production and full-year guidance that missed estimates. Freeport (FCX) reported Q4 net income fell to $274M,
Freeport-McMoRan sees Q1 copper sales 850M lbs.
Sees Q2 copper sales 1.045B lbs., Q3 copper sales 1.04B lbs, and Q4 copper sales 1.065B lbs. Sees Q1 gold sales 225K oz., Q2 gold sales 475K
Freeport-McMoRan's copper production slips in Indonesia; shares fall
(Reuters) -Copper miner Freeport-McMoRan posted a drop in fourth-quarter production on Thursday and said that its costs would rise more than expected this year, sending the company's shares down more than 4%.
Freeport's Earnings Surpass Estimates in Q4, Revenues Miss
Freeport-McMoRan Inc. FCX recorded net income of $274 million or 19 cents per share for fourth-quarter 2024, down around 29.3% from $388 million or 27 cents in the year-ago quarter. Barring one-time items,
Freeport-McMoRan: Swing Trade Potential Remains - Supply Tightness Likely To Ease
FCX's swing trade potential has been excellent, as observed in the established support and resistance levels, thanks to the ...
BMO Capital Markets Lowers Freeport-McMoRan (NYSE:FCX) Price Target to $50.00
Freeport-McMoRan (NYSE:FCX – Get Free Report) had its price objective cut by research analysts at BMO Capital Markets from ...
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Freeport-McMoRan's Copper Sales Fall Sparks Mixed Analyst Reactions, Long-Term Upside Remains In Play
Several analysts revised the price forecast and rating for Freeport-McMoRan, Inc. (NYSE:FCX) following fourth-quarter FY24 results reported yesterday. Revenue stood at $5.72 billion, missing the ...
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FCX Freeport-McMoRan Inc.
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals.
Freeport-McMoRan, Clearway Energy And A Financial Stock On CNBC's 'Final Trades'
Bill Baruch of Blue Line Capital said copper is going higher and Freeport-McMoRan will follow after reporting Q4 revenue of ...
Is Freeport-McMoRan Inc. (FCX) Among the Best Commodity Stocks to Invest in According to Hedge Funds?
We recently compiled a list of the 10 Best Commodity Stocks to Invest in According to Hedge Funds. In this article, we are ...
Freeport McMoRan downgraded at Jefferies as next breakout will take time
Freeport McMoRan (FCX) stock downgraded by Jefferies to Hold with $40 price target, citing challenges in Indonesia and ...