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Stock impact report

Freeport-McMoRan: Why I Was Not Impressed With Q2 Results [Seeking Alpha]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: Seeking Alpha
Despite favorable catalysts like 50% copper tariffs and a big increase in sequential gold sales, FCX remains stuck in the $30-$50 trading range it's been in for four years. Sales guidance for Q3 is flat on copper and significantly weaker on gold and moly, raising concerns about near-term growth. I rate FCX stock a hold due to a lackluster dividend yield, underperformance versus the S&P 500, and an inability to capitalize more robustly on present opportunities. Copper Wires Enable Electrification Liudmila Chernetska/iStock via Getty Images Freeport-McMoRan ( FCX stock has been trading in a range of $30-$50 for most of the past 4 years (see chart below), only occasionally going above and below that range. Yet fundamental developments This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of FCX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not Show less Read more
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