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Vancouver, British Columbia--(Newsfile Corp. - August 19, 2024) - MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to announce that, further to its news releases of May 16, June 17 and August 6, 2024, it has entered into a definitive mineral right purchase agreement (the "APA") with its wholly-owned Brazilian subsidiary, Max Resource Brazil Ltda.
Even though copper prices bottomed on Thursday, Michael Ballanger of GGM Advisory Inc. still thinks Freeport-McMoRan Inc. is a buy.
Vancouver, British Columbia--(Newsfile Corp. - August 6, 2024) - Florália MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") has secured a 30-day extension on the option to purchase of 100% of the Florália DSO Iron Ore Property ("Florália Property" or "Property") located 120-km east of the city Belo Horizonte, State of Minas Gerais, Brazil (refer to Figures 1 to 3 and Summary of the Transaction).
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China is weighing on copper prices, but surging demand for AI and electric vehicles and looming supply shortfalls should make FCX and TECK big winners.
It may be earnings season for the S&P 500 — but revenue is on top of many investors' minds.
Zacks.com users have recently been watching Freeport-McMoRan (FCX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
If we look at the returns of various asset classes in the last twenty years, commodities are the most undervalued. During this period, the Bloomberg Commodity Index has delivered negative returns at a CAGR of 0.4%.
The company's leaching initiative is starting to bear fruit meaningfully. The copper miner has expansion projects in its pipeline.
Freeport-McMoRan's stock is heavily influenced by copper prices, which have recently dropped about 20% from their peak. Despite a strong quarterly report, I see FCX shares as having near-fair value, while its technical situation shows some reasons for optimism. With hearty EPS growth expected this year through 2026, the stock could grow into its valuation and even become a value play if it posts strong operational results.