Out of 9 analysts, 1 (11.11%) are recommending FCX as a Strong Buy, 2 (22.22%) are recommending FCX as a Buy, 5 (55.56%) are recommending FCX as a Hold, 0 (0%) are recommending FCX as a Sell, and 1 (11.11%) are recommending FCX as a Strong Sell.
Similarly Should I sell Freeport McMoRan? 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts’ ratings for Freeport McMoran Copper & Gold.
Is FCX a buy Zack? The Zacks database contains over 10,000 stocks.
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Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
Additionally, Why is FCX stock down?
The market expects China to release state reserves of copper while also possibly trimming long positions and cracking down on speculative activity. FCX gets all of its revenue from gold and copper and thus a drop in price of both these commodities has led to the stock seeing a decline of close to 11% in its value.
What stock sector is FCX?
Key Data
| Label | Value |
|---|---|
| Sector | Basic Industries |
| Industry | Precious Metals |
| 1 Year Target | $50.00 |
| Today’s High/Low | $48.99/$48.29 |
Why is FCX stock going down? The market expects China to release state reserves of copper while also possibly trimming long positions and cracking down on speculative activity. FCX gets all of its revenue from gold and copper and thus a drop in price of both these commodities has led to the stock seeing a decline of close to 11% in its value.
Why is Freeport-McMoRan stock going up? Shares of Freeport-McMoRan ( FCX -0.49% ) have rallied more than 15% over the past five trading days, according to data provided by S&P Global Market Intelligence. The primary factor driving the mining company’s stock is higher copper prices.
Who does Freeport-McMoRan sell to? The gold and copper mining company Freeport-McMoRan Inc. announced that it has sold its interest in copper and cobalt projects in the Democratic Republic of Congo for $2.65 billion in cash to Chinese mining company China Molybdenum.
Why is SCCO stock dropping?
Decline in ore grades, due to stripping and maintenance works that were carried out this year after being postponed in 2020 on account of the COVID 19 pandemic, weighed on production numbers in the quarter. The company expects copper production in 2021 to be around 960,000 tons.
What is the copper price today? Copper Price Today
| Copper Spot Price | Spot Change | |
|---|---|---|
| Copper Price per Pound | $4.73 | 0% |
| Copper Price per Ounce | $0.30 | 0% |
| Copper Price per Ton | $9,460.00 | 0% |
Who does Freeport McMoRan sell to?
The gold and copper mining company Freeport-McMoRan Inc. announced that it has sold its interest in copper and cobalt projects in the Democratic Republic of Congo for $2.65 billion in cash to Chinese mining company China Molybdenum.
How do I buy FCX? Find the stock by name or ticker symbol – FCX – and research it before deciding if it’s a good investment for you. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price. Check in on your investment.
Is Vulcan Materials a good stock?
Compared to these stocks Vulcan Materials Company (NYSE:VMC) is more popular among hedge funds. Our overall hedge fund sentiment score for VMC is 84.3. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score.
Does Freeport mine gold?
Freeport-McMoRan is engaged in gold mining, which contributed about 15% of company’s total revenue in 2018. Freeport’s gold operations are almost wholly concentrated at the Grasberg mine in Indonesia. The company also produces gold as a by-product in its North and South American copper operations.
Does FCX mine copper? In North America, FCX operates seven open-pit copper mines — Morenci, Bagdad, Safford, Sierrita and Miami in Arizona, and Chino and Tyrone in New Mexico; and two molybdenum mines — Henderson and Climax in Colorado.
How much gold does FCX? FCX is also a top 10 gold producer
So relative to AEM, FCX’s gold production should be worth about $14 billion out of a total FCX MV of $35 billion. And FCX’s gold production is predicted to more than double over the next 3 years.
Is Southern Copper a Buy?
For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25).
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Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
What is the best copper stock to buy?
| Best Value Copper Stocks | ||
|---|---|---|
| Price ($) | 12-Month Trailing P/E Ratio | |
| Turquoise Hill Resources Ltd. (TRQ.TO) | CA$18.86 | 4.7 |
| Copper Mountain Mining Corp. (CMMC.TO) | CA$3.07 | 5.9 |
| Ero Copper Corp. (ERO.TO) | CA$23.74 | 8.1 |
Will copper prices go down in 2022?
Copper prices are forecast to fall 5% in 2022, after an estimated increase of 51% in 2021 as supply increases. Mine supplies are expected to increase strongly over the next two years, notably from the new Kamoa-Kakula mine in the Democratic Republic of Congo, as well as in Chile, Indonesia, Peru, Russia and Serbia.”
Will copper prices go up in 2022? Several analysts from banks such as Goldman Sachs are bullish about the copper price forecast for 2022 and beyond. By Q4 2022, Goldman Sachs predicts copper prices to reach $12,250 per tonne. Meanwhile, Bank of America predicts copper prices to average $9,813 per tonne through 2022.
