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Freeport's (FCX) earnings and revenues top estimates in the first quarter on the back of higher copper sales.
Freeport-McMoRan (FCX) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.52 per share a year ago.
It's been a rough month for most S&P 500 stocks. But some are absolutely thriving.
Leading Wall Street firms believe there will be a shortage of copper in the coming years. Demand is strengthening with the growth of electric vehicles, clean energy technologies, and the electrification of everything.
Copper stocks for your April 2024 watch list.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Freeport-McMoRan (FCX), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.
Recently, Zacks.com users have been paying close attention to Freeport-McMoRan (FCX). This makes it worthwhile to examine what the stock has in store.
Freeport (FCX) is expected to have gained from its efforts to increase mining rates, the strength in copper prices and lower costs in Q1.
The Zacks Mining - Non Ferrous industry's prospects look upbeat, backed by strong demand from the energy-transition trend. Stocks like SCCO, FCX, LUNMF, ERO and LEU are worth keeping a tab on, backed by their growth prospects.
Copper prices now sit at their highest level in about two years, which has catapulted copper stocks to higher highs. All thanks to supply issues.