Freeport-McMoRan NYSE: FCX miedź, złoto, molibden

[slayer74]

Freeport-McMoRan (FCX) reports before the open on Thursday, and analysts expect the copper miner's EPS to jump 96% to 49 cents, with revenue rising 10% to $4.81 billion. Investors will be eager for updates on negotiations with Indonesia over ownership of its massive Grasberg mine. ibd

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Can Freeport-McMoRan Make it to $20?
The price of copper has skyrocketed since March, gaining nearly 50%. That's an impressive move for the metal known to many as Dr. Copper. The nickname refers to the correlation between copper and the global economy. If the price of copper is rising, it's considered a sign of a strengthening economy.

Copper mining stocks have climbed along with the price of copper; in fact, the returns on some of these names outpaces the gains made by the red metal itself.

Consider mining giant Freeport-McMoRan (FCX), the world's largest publicly traded copper producer. Shares of Freeport-McMoRan have more than doubled since reaching a low of $5.31 on March 18th.

Does this stock have the potential to move even higher? According to the stock's chart, Freeport-McMoRan could climb to $20 per share.

https://www.thestreet.com/charts/latest ... per-mining

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PUBLIKACJA: 11.01.2021 05:15

Zwyżki surowców dają paliwo do wzrostów
Freeport-McMoRan | Analitycy uważają, że miedź ma przed sobą dobre czasy, co pozytywnie wpłynie na wyniki spółki.

Foto: Bloomberg
Autor Dominik Osowski

Notowania spółki zwyżkują na fali hossy surowców. Firma znacząco poprawiła wyniki w ostatnim czasie, a perspektywy na 2021 r. są zachęcające.

Freeport-McMoRan to wiodąca międzynarodowa spółka górnicza z USA. W portfolio firmy znajdują się m.in. aktywa w Okręgu Wydobywczym Grasberg w Indonezji, który jest jednym z największych na świecie złóż miedzi i złota.

https://www.parkiet.com/Zagraniczna-Spo ... ostow.html

[slayer74]

Materials stocks were the best performing sector on the day, underpinned by a 3% jump in Freeport-McMoran Copper & Gold Inc (NYSE:FCX) as copper prices continued to climb.

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(Reuters) -Copper miner Freeport-McMoRan (NYSE:FCX) beat Wall Street estimates for third-quarter profit on Thursday and slightly raised its full-year copper sales outlook as it began shipments from Indonesia.

Shares of the company rose 1% in premarket trade.

Average realized copper prices were up about 8.6% in the reported quarter compared to last year, as economic stimulus in China spurred hopes of a rise in industrial activity.

Freeport had obtained a license to ship copper concentrate from its Indonesia operation until May 2024, getting an exemption from the country's ban on raw mineral exports that had hit the company's shipping volumes in the second quarter.

The company said it incurred $147 million in export duties in Indonesia and was in continuous discussions with the Indonesian government on the issue of taxes.

Average cash costs per pound of copper in the second quarter were $1.73, about 18% higher than the previous quarter, and are expected to average $1.63 per pound for 2023 due to higher export duties, the company said.

Freeport raised its forecast for copper sales volumes in 2023 to 4.06 billion pounds, from 4 billion pounds earlier.

The mining giant said its quarterly production of copper rose to 1.09 billion pounds, from 1.06 billion pounds a year earlier.

On an adjusted basis, the Phoenix, Arizona-based company earned 39 cents per share for the three months ended Sept. 30, compared with average analysts' estimate of 34 cents per share, according to LSEG data.