Freeport-McMoRan: Copper Supply Disruptions And Use Of Metal To Fight COVID-19 Will Increase Price [Seeking Alpha]
Freeport-McMoRan, Inc. (FCX)
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am
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Source: Seeking Alpha
SummaryCopper is slated for a significant increase with a metric ton of the basic metal headed for the $6,000 mark before 2021.Smart manufacturing that influenced the production of electric cars is expected to grow at a CAGR of 12.4% and will be worth $384.8 billion by 2025.Incorporation of copper in the fight against COVID-19 will rapidly increase the demand for the metal, especially in China where it first began.ThesisDespite a rapid annual decline of up to 42.32%, Freeport-McMoRan's (FCXCopper Supply DisruptionsFreeport-McMoRan, which is undoubtedly the world'slargestrecently tested positiveThe Peruvian mine of Cerro Verde is also facing a tight schedule after the government announced plans to declare a state of emergency over the COVID-19 pandemic on April 12, 2020. Freeport-McMoRanTo reduce company costs and capital expenditures during the pandemic, FCX suspended its quarterly dividend scheduled for May 1, 2020. On March 23, 2020, the companytotal cash balanceBHP Group (highest v
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News
- Surging Q1 EPS Expectations Could Be A Game Changer For Freeport-McMoRan's Copper Story (FCX) [Yahoo! Finance]Yahoo! Finance
- Southern Copper Faces Leadership Gap After CEO Death And Strong Share Gains [Yahoo! Finance]Yahoo! Finance
- Freeport-McMoRan (FCX) had its price target raised by Deutsche Bank Aktiengesellschaft from $58.00 to $72.00. They now have a "buy" rating on the stock.MarketBeat
- Freeport-McMoRan (FCX) had its "overweight" rating reaffirmed by Wells Fargo & Company.MarketBeat
- Freeport-McMoRan (FCX) had its price target raised by HSBC Holdings plc from $69.00 to $72.00. They now have a "buy" rating on the stock.MarketBeat
FCX
Earnings
- 1/23/26 - Beat
FCX
Sec Filings
- 4/1/26 - Form 4
- 4/1/26 - Form 4
- 3/26/26 - Form SCHEDULE
- FCX's page on the SEC website