Freeport-MCMORAN Inc. NYSE: FCX The shares of shares decreased by 4 % (3.96 %) after the company issued its profit report in the fourth and 2024 entirely on January 23. .
One of the reasons for the stock segment is that the mining company recorded a decrease in YOY revenue on an annual basis. The company, which was established 5.72 billion dollars, decreased from $ 5.9 billion in the same quarter in 2023. The profits of the principles of accounting generally also became also the expectations of analysts and were less than annual.
However, with the dismissal of the profits of other than the principles of accountable accounting in general and production sizes, the sale may be concluded. Headed to profits, the forecasts of the Freeport-McMran analyst showed Marketbeat that many analysts reduce their prices or even reduce shares classification in January 2025.
FCX move up and down at the price of copper. In fact, the similarities between the planners are strange. Long -term expectations of copper order remain strong. But does this mean that this is the time to buy FCX shares?
Uncertainty leads feelings in the short term
Investors have heard enough of the customs tariffs in the past few months to last for life. Now that President Trump has become at the White House, the administration’s tariff plans began to crystallize.
As part of President Trump’s initial wave of executive orders, the administration plans to impose a 25 % copper tariff on Canadian and Mexican copper starting from February 1. Mexico imposed a revenge definition on imported copper.
Another concern is a possible slowdown in the Chinese economy. Increased demand for copper due to the increased stimulus measures in the government, raised the profits of Fribport other than the principles of generally accepted accounting in the quarter. However, there are fears that the Chinese economy slows down, which will be landfill for copper demand.
The company is also involved in a dispute with the Indonesian government on its ability to export copper concentration. The Fribport license has ended in December, and some analysts express their concern about the company’s ability to obtain an extension. The delay may lead to discounts in production and sales in the current quarter.
As if this was not enough, investors also need to consider the US dollar’s rise. The immediate price of commodities, such as gold and copper, has a counter -relationship with dollars, so when it rises, the immediate price of minerals decreased.
There is still a lot that you like about the basics of Fribport
Despite the Miss Supreme Line, the Freeport-MCMORAN has noticed that both copper and gold sales came above the company’s guidelines in October 2024. The net cash costs of the unit were also lower than October guidelines.
It is also important to remember that before the report, the FCX share increased by 5.7 % in the first two weeks of the new year. The enthusiasm of the company’s share is related to the expected demand for copper. Freeport-McMORAN is one of the pioneering miners in copper and provides investors a stable public budget and a lot of production.
Let the copper be your guide with FCX stock
Investors have a tall wall of anxiety to climb before they want to invest in FCX shares. However, all short -term fears and do not affect long -term expectations of copper, which will be necessary to meet the increasing demand for new energy and energy applications.
Freeport-MCMORAN has solid basics. In the fourth quarter, the company informed the volumes of copper production and the entire general gold that exceeded sales sizes, and increased its production expectations for both copper and gold.
the The analyst expects Ali Marketbeat Get a collective price target of $ 52.42, an increase of 32 % over the share price after the profit is low. This price is supported by expected growth of 27.9 % in profits per share (EPS) in the next 12 months.
However, for those who put value on price numbers to profits, you will pay a FCX share that trades about 25 times. Average sector for Basic material shares About 19x profits.
Before you think of Freeport-McMran, you will want to hear it.
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