Freeport-McMoRan Option Alert: May 16 $42 Calls Sweep (76) above Ask!: 4250 vs 2682 OI

Freeport-McMoRan Option Alert: May 16 $42 Calls Sweep (76) above Ask!: 4250 @ $2.161 vs 2682 OI; Ref=$39.71

Freeport-McMoRan (NYSE:FCX) 주식

FREEPORT-MCMORAN INC

Freeport-McMoRan

Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2024. We expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.

Affirm Holdings Inc.

Equities

Large Cap

News

Movers

Trading Ideas

AFRM

DELL

GEHC

MCHP

지난주 여러 섹터의 주식이 하락했으며, 특히 기술 섹터가 큰 타격을 입었다. 이러한 급락은 트럼트 대통령의 &#39;해방의 날&#39; 관세 부과와 주요 교역국의 보복조치에  따른 거시경제 및 공급망 불확실성에 투자자들이 반응했기 때문이었다. S&amp;P 500 지수는 약 9.1% 하락했다.

마이크론·어펌 등 지난주 S&amp;P 500 지수 9.1% 하락 속 급락한 대형주 10종목 (3월 31일~4월 4일)

santa_rally Shutterstock copy

Macro Economic Events

Econ #s

Economics

Federal Reserve

CBRE

ILMN

연말 연휴 시즌이지만, 이번 주 주식 시장의 축제 분위기는 그리 유쾌하지 않았다. 주 초에는 나스닥 100이 22,000을 돌파하며 사상 최고치를 기록하고, 연방준비제도(연준) 회의를 앞두고 금리 인하에 대한 낙관적인 전망으로 트레이더들이 고무된 상황이었다.

산타 랠리를 위해 그린치와 싸우는 트레이더들: 연말 급등을 예상하는 S&amp;P 500 주식 10개

copper ai

Technicals

Commodities

Signals

Markets

프리포트 맥모란(NYSE:FCX)의 주식이 하락세의 중요한 이정표인 데스 크로스를 찍었다. 이는 50일 지수 이동 평균선이 200일 이동 평균선 아래로 떨어지는 기술적 신호로, 종종 장기적인 매도 압박을 예고하는 것으로 여겨진다. FCX 주식의 최근 성과는 낙관적이지 않다.

프리포트 맥모란의 데스 크로스: 거대 구리 생산 기업의 결정적인 순간

Freeport-McMoRan Inc

First Capital REIT

WIIM

MTAL

SCCO

TECK

Shares of copper-related companies are trading lower ahead of China's Labour Day. The material may also be experiencing weakness due to a contraction in Q1 US GDP.

Wall Street is set for a volatile Wednesday after first-quarter GDP data showed an unexpected economic contraction, stoking fears that a recession <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/45098824/tariffs-hit-hard-as-us-economy-shrinks-for-first-time-since-2022">may already be underway. </a>
The U.S. economy shrank by 0.3% on an annualized basis last quarter, down from 2.4% growth in the previous quarter and well below the expected 0.4% growth, official advance statistics showed.
The outcome marked the first quarterly contraction since the second quarter of 2022. 
In addition, U.S. private employers added 62,000 jobs in April, according to ADP National Employment Report, the lowest since July 2024 and well below predictions of 108,000. 
Broad-based equity losses followed during premarket trading in New York as investors digested signs of weakening growth, elevated inflation, and deteriorating trade balances.
Futures on the S&amp;P 500 fell 1.28% to 5,489.61 by 9:00 a.m. ET, shedding 71 points. 
Contracts on the Dow Jones Industrial Average declined by 336 points, or 0.8%, to 40,191. The tech-heavy Nasdaq 100 underperformed, plunging 1.9% to 19,184, while the small-cap Russell 2000 index dropped 1.7% to 1,944.
Recession odds for 2025 climbed to 74%, their highest level yet, according to data from CFTC-regulated betting platform Kalshi. Under Kalshi&#8217;s terms, a $100 bet on a recession now yields $131 if the U.S. sees two consecutive quarters of negative GDP growth.
<iframe loading="lazy" src="https://kalshi.com/external-widgets/events/RECSSNBER-25/markets/RECSSNBER-25?color_scheme=light&#038;widget_size=medium&#038;variant=a&#038;utm_campaign=benzinga_widget" width="488px" height="242px" style="border:0"></iframe>
<h3 class="wp-block-heading">Economists Divided On US Economic Performance</h3>
David Russell, global head of market strategy at TradeStation, noted the growing stagflation risk: "Today's data shows more stagflation, with the economy shrinking and prices rising more than expected. Trade was a huge drag as imports jumped ahead of tariffs. Combined with the weak ADP payrolls growth and yesterday's weak JOLTs data, the numbers increasingly suggest a recession may have begun."
Economist Joseph Brusuelas of RSM US LLP offered a more tempered view: "The trade shock caused a large change in behavior that resulted in that large drag due to a larger trade deficit. However, the economy did not slide into recession in Q1 2025." 
He expects a recession more likely by midyear, citing a $140 billion inventory swing that temporarily padded GDP by 2.25 percentage points.
Robin Brooks, a senior fellow at the Brookings Institution, echoed concerns about the unusual nature of the trade dynamics, calling the current environment "a huge natural experiment," with ballooning imports and swelling inventories reflecting a widespread effort to front-run tariffs.
<h3 class="wp-block-heading">Trump Responds: &#8216;This Is Biden&#8217;s Stock Market, Not Trump&#8217;s&#8217;</h3>
"This is Biden's Stock Market, not Trump's. I didn't take over until January 20th," Trump wrote on social media X, shortly after the GDP release.
Trump denied that his trade policies were responsible for the weak GDP figures, attributing the slowdown to the economic legacy of President Joe Biden. 
"This will take a while, has nothing to do with tariffs, only that he left us with bad numbers," Trump posted. 
"But when the boom begins, it will be like no other. Be patient!!!"
<h3 class="wp-block-heading">Top Premarket Gainers In The S&amp;P 500</h3>
<ul>
<li>Western Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) up 7.5% to $43.7</li>
<li>Trane Technologies plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>) up 6.3% to $375.6</li>
<li>Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) up 5.9% to $86.4</li>
<li>Live Nation Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) up 5.6% to $139.7</li>
<li>Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) up 5.5% to $273.5</li>
</ul>
<h3 class="wp-block-heading">Top Premarket Decliners In The S&amp;P 500</h3>
<ul>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) down 19.3% to $29.1</li>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) down 12.8% to $119.6</li>
<li>Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) down 10.0% to $76.4</li>
<li>Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) down 8.4% to $15.9</li>
<li>Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>) down 8.1% to $187.5</li>
</ul>
By 8:52 a.m. ET, according to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data, the stocks falling most over the past 30 minutes of premarket trading included:
<ul>
<li>AppLovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) down 6.2% to $242.0</li>
<li>Apollo Global Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) down 3.6% to $133.1</li>
<li>Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) down 3.5% to $220.8</li>
<li>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) down 3.3% to $95.0</li>
<li>KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) down 3.0% to $111.0</li>
<li>Eaton Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) down 2.5% to $283.1</li>
<li>Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) down 2.4% to $111.4</li>
<li>Southern Copper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>) down 2.2% to $87.5</li>
<li>Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) down 2.1% to $34.5</li>
<li>Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) down 2.1% to $312.0</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/45098912/caterpillar-faces-lower-q1-results-but-projects-flat-sales-in-2025-or-slight-decline-with-tariff-headwinds">Caterpillar Warns Of $250 Million To $350 Million Tariff Hit After Q1 Profit Miss</a></li>
</ul>
Photo by Dilok Klaisataporn via Shutterstock

Analyst Color

Analyst Ratings

Tech

ETFs

FSLR

GRMN

NCLH

PLTR

SBUX

SHOP

SMCI

TEAM

Recession Odds Spike, Wall Street Tumbles As Q1 GDP Surprisingly Contracts: 'Be Patient,' Trump Responds

In the current market session, Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) price is at $37.40, after a 0.42% spike. However, over the past month, the stock decreased by 1.94%, and in the past year, by 25.09%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2025/1745946058_0.png" alt="Past Year Chart" />

<h3>A Look at Freeport-McMoRan P/E Relative to Its Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Freeport-McMoRan has a better P/E ratio of 30.52 than the aggregate P/E ratio of 24.76 of the Metals &amp; Mining industry. Ideally, one might believe that Freeport-McMoRan Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1745946058_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

A Look Into Freeport-McMoRan Inc's Price Over Earnings

U.S. equities are pushing higher for a third straight session, eyeing the longest winning streak since the Trump tariff announcement on April 2, as optimism over corporate earnings and easing trade <a href="https://www.benzinga.com/markets">tensions boosts risk sentiment.</a>
Positive quarterly results and robust guidance from U.S. firms is fueling hopes the economy can weather the ongoing tariff headwinds and avoid a recession.
Meanwhile, signs of a potential thaw in the U.S.-China trade conflict emerged, with the White House reportedly considering exceptions for certain Chinese auto parts.
At midday trading in New York, the Nasdaq 100 surged 2.2%, climbing above the 19,000 mark for the first time in two weeks. The S&amp;P 500 advanced 1.5%, while the Dow Jones Industrial Average underperformed, rising 0.9%.
Technology stocks broadly outperformed, with strength concentrated in the Magnificent Seven and the semiconductor space.
Among major movers, ServiceNow Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NASDAQ">NOW</a>) soared 15% after reporting results that beat Wall Street expectations and issuing bullish forward guidance. In contrast, shares of International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) slumped 8% as the tech giant showed lower-than-expected non-GAAP earnings. 
In the consumer staples sector, Procter &amp; Gamble (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) dropped more than 5% after missing revenue estimates.
Treasury yields continued to ease, with yields on the 10-year Treasury down 5 basis points to 4.33%. 
Gold rebounded modestly after suffering a 2.7% slide on Wednesday. Natural gas prices extended their losing streak, plunging 4.9% and heading for a tenth consecutive negative session. 
In the crypto market, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) eased 0.5% to trade at $93,300. 
<h2 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,095.73</td>
<td>2.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,456.36</td>
<td>1.5%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,943.95</td>
<td>1.3%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,944.47</td>
<td>0.9%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:15 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.5% up to $543.71.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.9% to $399.51.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rallied 2.1% to $464.72.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rallied 1.5% to $193.08.</li>
<li>The&nbsp;Technology&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 3%; the&nbsp;Consumer Staples&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) lagged, down 0.8%.</li>
</ul>
<h2 class="wp-block-heading">Thursday&#8217;s Stock Movers</h2>
Stocks reacting to earnings included: 
<ul>
<li>Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>): up 0.6%</li>
<li>O'Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>): down 3.1%</li>
<li>Raymond James Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>): up 0.7%</li>
<li>Molina Healthcare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>): down 6.4%</li>
<li>Texas Instruments Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>): up 6.0%</li>
<li>FirstEnergy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>): up 0.4%</li>
<li>ServiceNow, Inc. up 14.9%</li>
<li>Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>): up 5.5%</li>
<li>ResMed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>): up 10.0%</li>
<li>Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>): up 3.6%</li>
<li>International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>): down 7.6%</li>
<li>Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>): up 3.6%</li>
<li>Rollins, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROL#NYSE">ROL</a>): up 1.2%</li>
<li>United Rentals, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>): up 8.9%</li>
<li>Tyler Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>): down 3.0%</li>
<li>Edwards Lifesciences Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>): up 7.1%</li>
<li>Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>): up 5.2%</li>
<li>Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>): down 9.7%</li>
<li>American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>): up 2.3%</li>
<li>PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>): down 4.1%</li>
<li>CBRE Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>): up 2.5%</li>
<li>Entergy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>): up 0.4%</li>
<li>The Procter &amp; Gamble Company: down 5.3%</li>
<li>Bristol-Myers Squibb Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>): down 0.2%</li>
<li>Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>): down 0.2%</li>
<li>Valero Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>): down 1.8%</li>
<li>Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>): down 5.3%</li>
<li>Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>): up 2.1%</li>
<li>Willis Towers Watson Public Limited Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTW#NASDAQ">WTW</a>): down 5.2%</li>
<li>Tractor Supply Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>): down 4.8%</li>
<li>Hasbro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>): up 16.1%</li>
<li>CMS Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMS#NYSE">CMS</a>): up 2.3%</li>
<li>Xcel Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>): down 1.8%</li>
<li>CenterPoint Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>): up 1.8%</li>
<li>LKQ Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>): down 10.7%</li>
<li>PG&amp;E Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>): down 0.8%</li>
<li>Keurig Dr Pepper Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>): down 0.6%</li>
<li>Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>): up 5.5%</li>
<li>Merck &amp; Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>): down 0.6%</li>
<li>Nasdaq, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>): down 0.4%</li>
<li>L3Harris Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>): up 0.4%</li>
<li>Pool Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POOL#NASDAQ">POOL</a>): down 6.1%</li>
<li>Dover Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>): up 1.8%</li>
<li>West Pharmaceutical Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WST#NYSE">WST</a>): down 2.2%</li>
<li>Ameriprise Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>): down 0.2%</li>
<li>Fiserv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>): down 16.4%</li>
<li>The Interpublic Group of Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPG#NYSE">IPG</a>): up 3.4%</li>
<li>Allegion plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>): up 9.7%</li>
<li>Union Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>): down 3.1%</li>
</ul>
Stocks slated to report earnings after the bell include T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), VeriSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRSN#NASDAQ">VRSN</a>), Eastman Chemical Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMN#NYSE">EMN</a>), Principal Financial Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFG#NASDAQ">PFG</a>), Physicians Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOC#NYSE">DOC</a>), The Hartford Financial Services Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>), Weyerhaeuser Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WY#NYSE">WY</a>), Republic Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>), Digital Realty Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>), Gilead Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), Erie Indemnity Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), and Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
Read also: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44985682/apples-ai-delays-rising-cost-pressures-trigger-price-target-cut-from-bank-of-america">Apple AI Delays, Rising Cost Pressures Trigger Price Target Cut From Bank Of America</a></li>
</ul>
Photo: Shutterstock

$BTC

ALLE

CMCSA

SPDR Dow Jones Industrial Average ETF Trust

ERIE

GILD

GOOGL

INTC

LRCX

NDAQ

ORLY

POOL

TMUS

TSCO

VRSN

Select Sector SPDR-Consumer Discretionary

Wall Street Rally Extends Into Third Day: What's Driving Markets Thursday?

Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), the world's largest copper producer, shares rose in early trading Thursday after the company reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44976599/freeport-first-quarter-2025-financial-and-operating-results-release-available-on-its-website" rel="noreferrer noopener">first-quarter FY25 results</a>.
Revenue stood at $5.73 billion, beating the consensus of $5.44 billion. Copper sales volumes totaled 872 million pounds, which exceeded the January 2025 estimate.
Copper sales declined year-over-year due to a major maintenance project planned in Indonesia.
Adjusted EPS was&nbsp;$0.24, <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">which is in line with the consensus</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44565452/tariff-turmoil-cleveland-cliffs-constellium-freeport-mcmoran-caught-in-the-crossfire-says-analyst" rel="noreferrer noopener">Tariff Turmoil: Cleveland-Cliffs, Constellium, Freeport-McMoRan Caught In The Crossfire, Says Analyst</a>
Copper's average realized price per pound was&nbsp;$4.44, and production totaled 868 million pounds in the&nbsp;first quarter&nbsp;of FY25.
Gold sales were 128 thousand ounces, lower than the January 2025 estimate and down from last year due to the timing of shipments. The average realized price per ounce stood at&nbsp;$3,072&nbsp;in the quarter.&nbsp;
Operating income stood at&nbsp;$1.303 billion versus&nbsp;$1.634 billion a year ago.
Operating cash flow for the quarter totaled&nbsp;$1.06 billion, compared to&nbsp;$1.90 billion a year ago.
As of March 31, Freeport-McMoRan had&nbsp;$4.4 billion in cash and equivalents, and its consolidated debt&nbsp;totaled&nbsp;$9.4 billion.
Kathleen Quirk, president and chief executive officer, said, "We remain vigilant in our efforts to reduce costs, improve efficiencies and carefully manage operating, administrative and capital spending in this uncertain macroeconomic environment."
2025&nbsp;Outlook: Freeport-McMoRan expects sales volumes of 4.0 billion pounds of copper, 1.6 million ounces of gold, and&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">88 million pounds of molybdenum</a>.&nbsp;
Excluding the potential impacts of tariffs, the company projects a decline in its average unit net cash costs (net of by-product credits) for U.S. copper mines for the remainder of 2025 and into 2026, compared to 2024 levels.
This reduction is expected due to efficiencies, higher volumes, and ongoing cost-reduction initiatives.
U.S. copper mine cash costs are projected at ~$3.02/lb for 2025, assuming current sales volumes, cost estimates, and an average molybdenum price of $20.00 per pound for the rest of the year.
The company expects operating cash flows of ~$7 billion and capital expenditure <a target="_blank" href="https://s22.q4cdn.com/529358580/files/doc_presentations/2025/FCX_1Q25_CC.pdf" rel="noreferrer noopener">of</a> $4.4 billion in 2025.
Freeport estimates that the proposed tariffs could raise the cost of goods it purchases in the U.S. by around 5%, mainly due to the pass-through effect of tariffs incurred by suppliers.
Investors can gain exposure to the stock via&nbsp;the Sprott Copper Miners ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COPP#NASDAQ">COPP</a>) and&nbsp;the Themes ETF Trust Themes Copper Miners ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/COPA#BATS">COPA</a>).
Price Action: FCX shares are up 6.69% at&nbsp;$37.55 at the last check on Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44682458/coppers-rout-sees-a-massive-intraday-price-swing-fundamentals-havent-changed-expert-says" target="_blank" rel="noreferrer noopener">Copper's Rout Sees A Massive Intraday Price Swing, ‘Fundamentals Haven't Changed,' Expert Says</a></li>
</ul>
Photo by TimBrew via Shutterstock

Earnings

Guidance

COPA

COPP

World's Largest Copper Producer Freeport Estimates Proposed Tariffs Could Raise US Cost Of Goods Purchased By 5%

Freeport-McMoRan shares are trading higher after the company reported better-than-expected Q1 sales results.

Freeport-McMoRan Says Annual Guidance For Copper And Gold Sales Volumes Remains In Line With January 2025 Guidance

Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) reported quarterly earnings of $0.24 per share which met the analyst consensus estimate. This is a 25 percent decrease over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $5.73 billion which beat the analyst consensus estimate of $5.44 billion by 5.33 percent. This is a 9.38 percent decrease over sales of $6.32 billion the same period last year.

Earnings Beats

Freeport-McMoRan Q1 Adj. EPS $0.24, Inline, Sales $5.73B Beat $5.44B Estimate

ADXN

ALEX

AMAL

AMBP

APOG

APPF

BAFN

BCPC

BELFA

BELFB

BFST

BHLB

BWMX

CIVB

CNOB

COUR

CUBI

CURB

DAIO

DGICA

DGICB

FARO

FBIZ

FCFS

FCNCA

FFBC

FRME

GBCI

GLPI

GNFT

GOOG

HELE

HFWA

IBCP

INDV

ITGR

KNSL

KRNY

LADR

LYTS

MBLY

MGRC

MMSI

MOFG

Earnings Scheduled For April 24, 2025

Whales with a lot of money to spend have taken a noticeably bullish stance on Freeport-McMoRan.
Looking at options history for Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) we detected 15 trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $315,886 and 7, calls, for a total amount of $514,872.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $45.0 for Freeport-McMoRan during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Freeport-McMoRan's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Freeport-McMoRan's whale activity within a strike price range from $20.0 to $45.0 in the last 30 days. 
<h3>Freeport-McMoRan 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745424048_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$2.86</td>
<td>$2.84</td>
<td>$2.86</td>
<td>$36.00</td>
<td>$237.0K</td>
<td>9.3K</td>
<td>3.2K</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$2.86</td>
<td>$2.85</td>
<td>$2.86</td>
<td>$36.00</td>
<td>$96.9K</td>
<td>9.3K</td>
<td>3.6K</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$1.64</td>
<td>$1.61</td>
<td>$1.64</td>
<td>$34.00</td>
<td>$82.0K</td>
<td>1.2K</td>
<td>553</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$6.4</td>
<td>$6.3</td>
<td>$6.35</td>
<td>$30.00</td>
<td>$62.6K</td>
<td>4.7K</td>
<td>273</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$1.97</td>
<td>$1.95</td>
<td>$1.96</td>
<td>$31.00</td>
<td>$40.7K</td>
<td>816</td>
<td>293</td>
</tr>
</tbody>
</table>

<h3>About Freeport-McMoRan</h3>
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2024. We expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
<h3>Where Is Freeport-McMoRan Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 10,382,521, with FCX's price up by 4.9%, positioned at $35.73.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 1 days.</li>
</ul>
<h3>What Analysts Are Saying About Freeport-McMoRan</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $43.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Freeport-McMoRan with a target price of $42. 
&#x2A; An analyst from Raymond James persists with their Outperform rating on Freeport-McMoRan, maintaining a target price of $51. 
&#x2A; Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Perform rating for Freeport-McMoRan, targeting a price of $40. 
&#x2A; An analyst from UBS persists with their Buy rating on Freeport-McMoRan, maintaining a target price of $45. 
&#x2A; Showing optimism, an analyst from Wolfe Research upgrades its rating to Outperform with a revised price target of $39. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Freeport-McMoRan options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Options

Spotlight on Freeport-McMoRan: Analyzing the Surge in Options Activity

VALE

Shares of metals and materials stocks are trading higher following US Treasury Secretary Scott Bessent's reported remarks about trade de-escalation with China. De-escalation with China could reduce demand uncertainty.

Whales with a lot of money to spend have taken a noticeably bullish stance on Freeport-McMoRan.
Looking at options history for Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) we detected 29 trades.
If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 34% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $1,276,896 and 19, calls, for a total amount of $1,471,539.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $28.0 to $50.0 for Freeport-McMoRan over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Freeport-McMoRan stands at 2495.91, with a total volume reaching 14,028.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Freeport-McMoRan, situated within the strike price corridor from $28.0 to $50.0, throughout the last 30 days.
<h3>Freeport-McMoRan Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745265661_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$8.0</td>
<td>$7.65</td>
<td>$7.8</td>
<td>$35.00</td>
<td>$482.8K</td>
<td>14.8K</td>
<td>619</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$3.1</td>
<td>$3.0</td>
<td>$3.1</td>
<td>$40.00</td>
<td>$310.1K</td>
<td>1.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$1.33</td>
<td>$1.18</td>
<td>$1.33</td>
<td>$31.00</td>
<td>$266.0K</td>
<td>6.6K</td>
<td>2.0K</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$3.8</td>
<td>$3.25</td>
<td>$3.8</td>
<td>$37.00</td>
<td>$266.0K</td>
<td>927</td>
<td>0</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/19/25</td>
<td>$3.4</td>
<td>$3.25</td>
<td>$3.25</td>
<td>$37.00</td>
<td>$215.6K</td>
<td>927</td>
<td>1.5K</td>
</tr>
</tbody>
</table>

<h3>About Freeport-McMoRan</h3>
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2024. We expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
Following our analysis of the options activities associated with Freeport-McMoRan, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Freeport-McMoRan</h3>
<ul>
<li>Currently trading with a volume of 7,494,134, the FCX's price is up by 0.15%, now at $32.95. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 3 days.</li>
</ul>
<h3>Professional Analyst Ratings for Freeport-McMoRan</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $43.4.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Scotiabank keeps a Sector Perform rating on Freeport-McMoRan with a target price of $40. 
&#x2A; An analyst from UBS has decided to maintain their Buy rating on Freeport-McMoRan, which currently sits at a price target of $45. 
&#x2A; Showing optimism, an analyst from Wolfe Research upgrades its rating to Outperform with a revised price target of $39. 
&#x2A; An analyst from Raymond James has decided to maintain their Outperform rating on Freeport-McMoRan, which currently sits at a price target of $51. 
&#x2A; Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Freeport-McMoRan with a target price of $42. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Freeport-McMoRan options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Erik Prince, a businessman and longtime supporter of President Donald Trump, has reportedly agreed to help the Democratic Republic of Congo (DRC) secure and tax its <a href="https://www.benzinga.com/markets/commodities">vast mineral wealth</a>.
According <a href="https://www.reuters.com/world/trump-supporter-prince-reaches-deal-with-congo-help-secure-mineral-wealth-2025-04-17/">to</a> Reuters, he reached the agreement before the M23 rebel group <a href="https://www.benzinga.com/news/global/25/02/43573846/un-warns-about-escalating-conflict-dr-congo-as-rebels-seize-mining-center">launched a major offensive</a> in January 2025 that saw them seize key cities in eastern Congo, including Goma. Two sources close to Prince, a Congolese official, and two diplomats confirmed new discussions, focusing on improving tax collection and reducing cross-border smuggling of valuable minerals.
With the cash leaks in Congo's mining sector, there&#8217;s a desperate need for structure," said one source. Despite no confirmed links to the U.S. government or military, security contractors remain a possible option under future U.S. support frameworks.
Prince, best known as the founder of Blackwater—the private security firm implicated in the killing of Iraqi civilians in 2007—has operated in Africa for over a decade, providing logistics and security services for mining and oil companies. His companies have been active in Congo since 2015, though previous attempts to deploy contractors, including a 2023 proposal to send thousands to the conflict-ridden east, failed to materialize.
The DRC&#8217;s mineral wealth is staggering. The country holds an estimated 6 million metric tons of cobalt, over 57% of global reserves, essential for electric vehicle batteries. It also possesses around 75 million metric tons of copper, 150 million carats of diamonds, and vast gold, coltan, tin, and lithium deposits, most of which are extracted under poor oversight and often smuggled out of the country. KoBold Metals, a startup backed by billionaires Bill Gates and Jeff Bezos, has recently approached DRC, <a href="https://www.benzinga.com/25/03/44456007/gates-bezos-backed-startup-makes-move-for-dr-congos-lithium">inquiring about lithium mining</a>, while copper giant Freeport-McMoran (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) has floated the idea about returning to the jurisdiction it exited in 2020.
Smuggling conflict minerals has been a heated topic. The DRC accused and even <a href="https://www.benzinga.com/news/legal/24/12/42527087/dr-congo-fires-first-salvo-files-complaints-against-apple-over-conflict-minerals">sued Apple</a> before the French prosecutor dropped the charges, classifying them as "not sufficiently well-founded."
Sources say Prince's initial security deployment is expected in the Katanga province, particularly at copper mines near Kolwezi – a region allegedly losing up to $40 million per month in untracked mineral flows. Sources noted they expect contractors to avoid direct conflict zones, instead deploying alongside commodity inspection specialists to improve transparency and revenue collection.
Read Next: <a href="https://www.benzinga.com/25/04/44861734/newmont-completes-a-year-long-portfolio-optimization-process">Newmont Completes A Year-Long Portfolio Optimization Process</a>
Image: Shutterstock/esfera

Government

Rumors

Global

Blackwater Founder Reaches a Security Deal With DR Congo

In the current session, Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) is trading at $32.90, after a 1.26% decrease. Over the past month, the stock fell by 18.26%, and in the past year, by 32.79%. With performance like this, long-term shareholders are more likely to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2025/1744992035_0.png" alt="Past Year Chart" />

<h3>Freeport-McMoRan P/E Ratio Analysis in Relation to Industry Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of 24.64 in the Metals &amp; Mining industry, Freeport-McMoRan Inc. has a higher P/E ratio of 25.63. Shareholders might be inclined to think that Freeport-McMoRan Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1744992035_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

VANCOUVER, BC, April 17, 2025 /CNW/ - Finlay Minerals Ltd. (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/FYL#TSXV">FYL</a>) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/FYMNF#OTCQB">FYMNF</a>) ("Finlay" or the "Company") announces that the Company has entered into two definitive earn-in agreements (the "Earn-In Agreements") with Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport"), a wholly owned subsidiary of Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), pursuant to which it has granted Freeport separate options to earn an 80% interest in its PIL and ATTY Properties (the "Properties") in the Toodoggone District of northern British Columbia.
Highlights –
<ul>
<li>Freeport may earn 80% of the&nbsp;PIL and ATTY Projects by expending $35 million in Exploration Expenditures and making Cash Payments of $4.1 million - (Refer to Table 1 below for further details);</li>
<li>Finlay will act as the Operator during the Earn-In period; and</li>
<li>Exploration Program planning is underway and will be announced shortly.</li>
</ul>

FYMNF

TSXV:FYL

Finlay Minerals Enters Into Two Definitive Earn-in Agreements With Freeport-McMoRan Subsidiary Freeport-mcmoran Mineral Properties Canada

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Needham analyst Mike Matson upgraded the rating for Boston Scientific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) from Hold to Buy and announced a $113 price target. Boston Scientific shares closed at $94.23 on Tuesday. <a href="https://www.benzinga.com/quote/BSX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Corey Tarlowe upgraded Grocery Outlet Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GO#NASDAQ">GO</a>) from Hold to Buy and raised the price target from $13 to $18. Grocery Outlet shares closed at $13.90 on Tuesday. <a href="https://www.benzinga.com/quote/GO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Douglas Harter upgraded the rating for UWM Holdings Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UWMC#NYSE">UWMC</a>) from Sell to Neutral but lowered the price target from $4.75 to $4.5. UWM Holdings shares closed at $4.59 on Tuesday. <a href="https://www.benzinga.com/quote/UWMC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wolfe Research analyst Timna Tanners upgraded Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) from Peer Perform to Outperform and announced a $39 price target. Freeport-McMoRan shares closed at $33.37 on Tuesday. <a href="https://www.benzinga.com/quote/FCX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Redburn Atlantic analyst Oliver Holmes upgraded the rating for Union Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) from Neutral to Buy and announced a $259 price target. Union Pacific shares closed at $220.08 on Tuesday.  <a href="https://www.benzinga.com/quote/UNP/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying BSX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="588" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16082615/image-6-1024x588.png" alt="" class="wp-image-874216" style="width:589px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16082615/image-6-1024x588.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16082615/image-6-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16082615/image-6-768x441.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16082615/image-6.png 1075w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/25/04/44811698/jim-cramer-planet-fitness-is-doing-better-than-expected-says-no-to-this-industrial-stock">Jim Cramer: Planet Fitness Is Doing Better Than Expected, Says No To This Industrial Stock</a> </li>
</ul>
Photo via Shutterstock

Upgrades

Pre-Market Outlook

UWMC

This Boston Scientific Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday

Wolfe Research analyst Timna Tanners upgrades Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) from Peer Perform to Outperform and announces $39 price target.

Price Target

Wolfe Research Upgrades Freeport-McMoRan to Outperform, Announces $39 Price Target

During the last three months, 11 analysts shared their evaluations of Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), revealing diverse outlooks from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">4</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $46.18, a high estimate of $52.00, and a low estimate of $40.00. A decline of 5.58% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2025/1744740018_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A clear picture of Freeport-McMoRan's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
&#x7C; Analyst &#x7C; Analyst Firm &#x7C; Action Taken &#x7C; Rating &#x7C;Current Price Target&#x7C; Prior Price Target &#x7C; 
&#x7C;--------------------&#x7C;--------------------&#x7C;---------------&#x7C;---------------&#x7C;--------------------&#x7C;--------------------&#x7C; 
&#x7C;Daniel Major &#x7C;UBS &#x7C;Lowers &#x7C;Buy &#x7C; $45.00&#x7C;$52.00 &#x7C; 
&#x7C;Bill Peterson &#x7C;JP Morgan &#x7C;Lowers &#x7C;Overweight &#x7C; $42.00&#x7C;$52.00 &#x7C; 
&#x7C;Orest Wowkodaw &#x7C;Scotiabank &#x7C;Lowers &#x7C;Sector Perform &#x7C; $40.00&#x7C;$45.00 &#x7C; 
&#x7C;Brian MacArthur &#x7C;Raymond James &#x7C;Raises &#x7C;Outperform &#x7C; $51.00&#x7C;$49.00 &#x7C; 
&#x7C;Bill Peterson &#x7C;JP Morgan &#x7C;Raises &#x7C;Overweight &#x7C; $52.00&#x7C;$48.00 &#x7C; 
&#x7C;Abhi Agarwal &#x7C;Deutsche Bank &#x7C;Maintains &#x7C;Buy &#x7C; $47.00&#x7C;$47.00 &#x7C; 
&#x7C;Chris LaFemina &#x7C;Jefferies &#x7C;Raises &#x7C;Buy &#x7C; $48.00&#x7C;$40.00 &#x7C; 
&#x7C;Orest Wowkodaw &#x7C;Scotiabank &#x7C;Lowers &#x7C;Sector Perform &#x7C; $45.00&#x7C;$48.00 &#x7C; 
&#x7C;Katja Jancic &#x7C;BMO Capital &#x7C;Lowers &#x7C;Outperform &#x7C; $50.00&#x7C;$54.00 &#x7C; 
&#x7C;Chris LaFemina &#x7C;Jefferies &#x7C;Lowers &#x7C;Hold &#x7C; $40.00&#x7C;$48.00 &#x7C; 
&#x7C;Bill Peterson &#x7C;JP Morgan &#x7C;Lowers &#x7C;Neutral &#x7C; $48.00&#x7C;$55.00 &#x7C;
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Freeport-McMoRan. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Freeport-McMoRan compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Freeport-McMoRan's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Freeport-McMoRan's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/FCX/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Freeport-McMoRan analyst ratings.</a>
<h2>Unveiling the Story Behind Freeport-McMoRan</h2>
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2024. We expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
<h3>Freeport-McMoRan: A Financial Overview</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Freeport-McMoRan's revenue growth over a period of 3M has faced challenges. As of 31 December, 2024, the company experienced a revenue decline of approximately -3.13%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Materials sector.
Net Margin: Freeport-McMoRan's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 4.79%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 1.56%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Freeport-McMoRan's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.5%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Freeport-McMoRan's debt-to-equity ratio stands notably higher than the industry average, reaching 0.55. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>What Are Analyst Ratings?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantag">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 11 Analysts Discuss Freeport-McMoRan Stock

UBS analyst Daniel Major maintains Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) with a Buy and lowers the price target from $52 to $45.

UBS Maintains Buy on Freeport-McMoRan, Lowers Price Target to $45

Shares of metals stocks are trading higher as stocks rebound amid overall market volatility as investors assess this week's tariff developments.

Press Releases

NevGold Receives Positive Record of Decision on its Plan of Operations Permit at the Limousine Butte Project, Nevada, and Announces Senior Management Changes

Freeport Declares Quarterly Cash Dividends on Common Stock

Freeport Fourth-Quarter and Year Ended 2024 Financial and Operating Results Release Available on Its Website

Skeena Gold & Silver Announces Investment into TDG Gold Corp

AI-Powered Market Forecasting: A Game Changer for Critical Minerals?

Freeport Provides First-Quarter 2025 Operational Update

Small Cap

Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties

Freeport First-Quarter 2025 Financial and Operating Results Release Available on Its Website

Finlay Minerals Receives TSX Venture Exchange Approval for PIL Earn-In Agreement

NAUFF

TSX:CG

TSX:SKE

TSXV:AHR

TSXV:NAU

TSXV:TDG

Alcoa

Anglogold Ashanti

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares)

BHP Group

Compania De Minas

Coeur Mining

Cleveland-Cliffs

Commercial Metals

Carpenter Technology Corporation Common Stock

Carpenter Tech

Gold Fields Limited American Depositary Shares

Gold Fields

Gerdau

Hecla Mining

Harmony Gold Mining Co

MP Materials

ArcelorMittal

Newmont

Nucor

POSCO HOLDINGS INC. American Depositary Shares (Each representing 1/4th of a share of Common Stock)

POSCO Holdings

Royal Gold

Comments

Freeport-McMoRan

Unusual Options Activity for

뉴스

파트너 / 기고자

벤징가 글로벌