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The markets are off to a volatile start, meandering between positive and negative ground.
Gold prices have been hitting all-time highs recently, surging through $3,050 per ounce in March 2025. Fears of trade wars spurred on by the Trump tariffs are causing a flight to safety and a mad rush into gold, with price up 15% year-to-date (YTD) as tracked by the SPDR Gold Shares ETF NYSEARCA: GLD on Mar 21, 2025.
While the equity markets are in correction mode, it's easy to lose sight of the fact that the price of copper is almost touching an all-time high at around $5.10 per pound. One of the best ways to make money from it is by investing in copper and gold miner Freeport-McMoRan (FCX 4.76%).
With a long call butterfly spread play in Freeport-McMoRan stock, if the stock moves up dramatically, we capture a very tidy profit. The post Freeport-McMoRan Stock Today: This Long-Term Butterfly Spread Trade Could Net $1,253 appeared first on Investor's Business Daily.
On Thursday, J.P. Morgan analyst Bill Peterson upgraded Freeport-McMoRan, Inc. FCX to an Overweight rating from Neutral and raised the price forecast to $52 from $48.
Jim Cramer breaks down why he's keeping an eye on shares of Freeport-McMoran.
The threat of tariffs has spooked the market but there will still be winners from President Donald Trump's trade policies.
Freeport-McMoRan is a leading global producer of copper, gold, and molybdenum, with significant gold production often overlooked by the market. Despite a fire at a new project in Indonesia, FCX received a 6-month permit to export copper concentrate, yet the stock remains weak. The stock has lagged recent rallies in gold and copper prices, and is actually down ~11% over the past year.
Freeport-McMoRan (FCX) closed the most recent trading day at $40.42, moving +1.46% from the previous trading session.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.