Could Freeport-McMoRan (FCX) Benefit From The SpaceX IPO? [Yahoo! Finance]
Freeport-McMoRan, Inc. (FCX)
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am
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US:NYSE Investor Relations:
investors.fcx.com/investors/presentations/default.aspx
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Source: Yahoo! Finance
As a copper miner, the company could come to the fore not just as a copper miner but as a tech infrastructure play, set to benefit from the increasing usage of copper in satellites, ground stations, and global connectivity. The firm is already gaining traction on Wall Street, with Wells Fargo raising its price target on the shares from $64 to $77. This upward revision comes on the expected mining disruptions and higher costs, which could send the price of copper up because of limited supply. Earlier this month, on April 2, Goldman Sachs also initiated coverage on the stock with a price target of $70. The firm believes higher profitability is on the cards for the mining company because of macro and geopolitical tailwinds, structural deficits in the copper market, and higher long-term commodity prices. The SpaceX IPO and rising copper demand from satellite infrastructure could provide another tailwind to the stock's performance, which has added one-third of its market cap in the las
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FCX
News
- Freeport-McMoRan (FCX) had its price target lowered by BNP Paribas Exane from $75.00 to $71.00. They now have an "outperform" rating on the stock.MarketBeat
- Freeport-McMoRan (FCX) had its price target lowered by CICC Research from $64.40 to $63.40. They now have an "outperform" rating on the stock.MarketBeat
- Freeport-McMoRan (FCX) had its price target lowered by JPMorgan Chase & Co. from $76.00 to $73.00. They now have an "overweight" rating on the stock.MarketBeat
- Freeport-McMoRan: Grasberg Restarts, Now the Real Work Begins [Yahoo! Finance]Yahoo! Finance
- Freeport-McMoRan (FCX) had its price target lowered by The Goldman Sachs Group, Inc. from $70.00 to $68.00. They now have a "buy" rating on the stock.MarketBeat
FCX
Earnings
- 4/23/26 - Beat
FCX
Sec Filings
- 4/23/26 - Form DEFA14A
- 4/23/26 - Form DEF
- 4/23/26 - Form ARS
- FCX's page on the SEC website