Your email has been successfully added to our mailing list.

×
0 0.00185988840669567 0 0.00898946063236225 0.0063546187228768 0.0015499070055798 0.00433973961562308 0.0069714817110975
Stock impact report

What the Middle East truce means for miners? [Yahoo! Finance]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
U.S. and Iran, UBS analysts say, based on the assumption that the truce holds and energy prices normalize. UBS had previously described the outlook for miners as "binary" depending on how the conflict resolved. With a ceasefire now announced, the bank believes the biggest risk to the sector — an energy price shock that could trigger a prolonged period of weak industrial metals demand — is likely to be avoided if flows through the Strait of Hormuz return to normal. "We believe Copper equities offer the most attractive risk vs reward if de-escalation and energy price normalisation persists, followed by gold equities," analysts led by Daniel Major said in a note. Copper equities have fallen around 20% since the conflict began. Analysts at UBS see the pullback as a buying opportunity, saying that the positive fundamental case for the metal is "unchanged, arguably more compelling." A production downgrade of roughly 100,000 tonnes per year at Ivanhoe's Kamoa-Kakula mine for 2026-27 Show less Read more
Impact Snapshot
Event Time:
FCX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for FCX alerts
Opt-in for
FCX alerts

from News Quantified
Opt-in for
FCX alerts

from News Quantified