Newmont and Freeport Shares Decline as Falling Gold Prices Continue to Impact Miners.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy FCX?
Source: Barron's
- Geopolitical Uncertainty: Investors typically seek gold as a safe haven during times of geopolitical instability.
- Gold's Performance: Despite this trend, gold has lost its year-to-date gains, negatively impacting mining stocks.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy FCX?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on FCX
Wall Street analysts forecast FCX stock price to rise
15 Analyst Rating
13 Buy
2 Hold
0 Sell
Strong Buy
Current: 54.940
Low
46.00
Averages
58.79
High
70.00
Current: 54.940
Low
46.00
Averages
58.79
High
70.00
About FCX
Freeport-McMoRan Inc. is an international metals company focused on copper. The Company operates geographically diverse assets with significant proven and probable mineral reserves of copper, gold and molybdenum. The Company's segments include the Morenci and Cerro Verde copper mines, the Indonesia operations (including the Grasberg minerals district and PT-FI’s downstream processing facilities), the Rod & Refining operations and Atlantic Copper Smelting & Refining. Its operations include North America, South America and Indonesia. In North America, it manages seven copper operations: Morenci, Bagdad, Safford (including Lone Star), Sierrita and Miami in Arizona, and Chino and Tyrone in New Mexico, and two molybdenum mines: Henderson and Climax in Colorado. It also operates a copper smelter in Miami, Arizona. In South America, it manages two copper operations: Cerro Verde in Peru and El Abra in Chile. In addition to copper, the Grasberg minerals district also produces gold and silver.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Freeport-McMoRan Shares Rise on Copper Price Optimism
- Copper Price Surge: Freeport-McMoRan shares rose 2.3% pre-market as copper futures gained due to optimism surrounding the Trump administration's diplomatic efforts to resolve the Middle East conflict, indicating a positive outlook for industrial metal demand.
- Nickel Price Spike: Nickel prices surged on the London Metal Exchange following Indonesia's approval of export tariffs, which could significantly impact global nickel supply as Indonesia produces over 50% of the world's nickel, potentially driving prices higher.
- Aluminum Market Outlook: Despite a decline in aluminum prices on the LME, Goldman Sachs forecasts a Q2 global aluminum deficit of approximately 900,000 metric tons, the largest since 2019, with prices expected to rise to $3,200/ton due to Middle East disruptions.
- Future Supply Predictions: New aluminum supply from Chinese overseas investments is anticipated to ramp up in H2 2023, contributing to a projected global surplus of 1.8 million tons by 2028, indicating potential shifts in market dynamics.
See More
Freeport-McMoRan Declares Quarterly Dividend of $0.15 per Share
- Quarterly Dividend Declaration: Freeport-McMoRan has declared a quarterly dividend of $0.15 per share, consistent with previous payouts, indicating the company's stable cash flow and shareholder return strategy, which is expected to bolster investor confidence.
- Dividend Yield: The forward yield of 1.06% reflects the company's attractiveness in the current market environment, potentially drawing in more investors seeking stable income.
- Dividend Composition: The dividend consists of a base dividend of $0.075 per share and a variable dividend of $0.075 per share, in line with the company's performance-based payout framework, demonstrating a willingness to share profits with shareholders amid improving profitability.
- Future Outlook: Freeport-McMoRan is also seeking a permit for a $7.5 billion expansion of its Chilean mine, showcasing the company's confidence in future growth and strategic investment intentions, which may further enhance shareholder value.
See More
Freeport Declares Cash Dividend Plan
- Cash Dividend Declaration: Freeport's Board of Directors announced a cash dividend of $0.15 per share payable on May 1, 2026, which includes a base and variable dividend of $0.075 each, reflecting the company's performance-based payout framework.
- Record Date for Shareholders: The record date for this dividend is set for April 15, 2026, ensuring that shareholders holding stock before this date will receive the dividend, thereby enhancing investor confidence.
- Board Discretion on Payments: The payment of dividends will be at the discretion of the Board, which will consider FCX's financial results, cash requirements, and global economic conditions, demonstrating a cautious approach to financial management.
- Industry Position: As one of the world's largest publicly traded copper producers, Freeport holds significant reserves of copper, gold, and molybdenum in locations such as the Grasberg minerals district in Indonesia and the Morenci minerals district in the U.S., solidifying its leadership in the international metals market.
See More
Significant Premarket Moves in U.S. Stocks
- Fertilizer Price Fluctuation: CF Industries' shares fell nearly 4% as reports indicated that negotiations surrounding the U.S.-Iran war could signal an end to commodity shortages, despite a 27% increase since the conflict began.
- Chip Innovation: Arm's stock rose 13% after unveiling its first in-house chip, projecting $15 billion in revenue by 2031, highlighting its strong growth potential in the semiconductor market.
- Acquisition Deal: Terns Pharmaceuticals saw shares gain over 5% after Merck agreed to acquire the biopharma company for $53 per share in cash, valuing the deal at $6.7 billion, expected to close in Q2.
- Stock Buyback Plan: Robinhood's stock jumped 4% after announcing a $1.5 billion stock buyback plan, set to be executed over three years, aimed at enhancing shareholder value.
See More
Key Stock Market Movers: Meta, Alibaba, JD.com, GameStop, and Others
- Stock Market Movement: Stock futures were rising on Wednesday, indicating positive investor sentiment.
- Cease-Fire Talks: Investors are hopeful for progress in cease-fire discussions between the U.S. and Iran.
- Middle East Conflict: There is an expectation for a swift resolution to the ongoing war in the Middle East.
- Investor Sentiment: The potential for peace is influencing market trends and investor confidence.
See More
Portfolio Adjustments to Navigate Market Volatility
- Portfolio Rebalancing: Amid recent market volatility, Inside Edge Capital executed three portfolio adjustments, reallocating 2% to the short-term Treasury ETF (BIL) and 5% to the inverse Nasdaq ETF (PSQ) to mitigate potential downside risks.
- Gold Holdings Reduction: Despite heightened tensions in the Middle East typically driving gold demand, Inside Edge Capital has cut its positions in Anglogold Ashanti PLC and Agnico Eagle Mines Ltd within its Strategic Income & Growth portfolio, reflecting a cautious outlook on gold due to rising real interest rates and a strengthening dollar.
- Emerging Markets Exposure Cut: In response to increasing global risk aversion, Inside Edge Capital has reduced its investments in emerging markets, notably cutting its position in Kinross Gold Corp within its more aggressive Tactical Alpha Growth portfolio, indicating diminished confidence in these markets.
- Market Liquidity Shifts: As U.S. interest rates rise and the dollar strengthens, demand for liquidity in emerging markets has decreased, leading to a flow of funds back to the U.S., with Inside Edge Capital suggesting a potential reassessment of investments related to artificial intelligence in the future.
See More
Freeport-McMoRan Shares Rise on Copper Price Optimism
- Copper Price Surge: Freeport-McMoRan shares rose 2.3% pre-market as copper futures gained due to optimism surrounding the Trump administration's diplomatic efforts to resolve the Middle East conflict, indicating a positive outlook for industrial metal demand.
- Nickel Price Spike: Nickel prices surged on the London Metal Exchange following Indonesia's approval of export tariffs, which could significantly impact global nickel supply as Indonesia produces over 50% of the world's nickel, potentially driving prices higher.
- Aluminum Market Outlook: Despite a decline in aluminum prices on the LME, Goldman Sachs forecasts a Q2 global aluminum deficit of approximately 900,000 metric tons, the largest since 2019, with prices expected to rise to $3,200/ton due to Middle East disruptions.
- Future Supply Predictions: New aluminum supply from Chinese overseas investments is anticipated to ramp up in H2 2023, contributing to a projected global surplus of 1.8 million tons by 2028, indicating potential shifts in market dynamics.
See More
Freeport-McMoRan Declares Quarterly Dividend of $0.15 per Share
- Quarterly Dividend Declaration: Freeport-McMoRan has declared a quarterly dividend of $0.15 per share, consistent with previous payouts, indicating the company's stable cash flow and shareholder return strategy, which is expected to bolster investor confidence.
- Dividend Yield: The forward yield of 1.06% reflects the company's attractiveness in the current market environment, potentially drawing in more investors seeking stable income.
- Dividend Composition: The dividend consists of a base dividend of $0.075 per share and a variable dividend of $0.075 per share, in line with the company's performance-based payout framework, demonstrating a willingness to share profits with shareholders amid improving profitability.
- Future Outlook: Freeport-McMoRan is also seeking a permit for a $7.5 billion expansion of its Chilean mine, showcasing the company's confidence in future growth and strategic investment intentions, which may further enhance shareholder value.
See More
Freeport Declares Cash Dividend Plan
- Cash Dividend Declaration: Freeport's Board of Directors announced a cash dividend of $0.15 per share payable on May 1, 2026, which includes a base and variable dividend of $0.075 each, reflecting the company's performance-based payout framework.
- Record Date for Shareholders: The record date for this dividend is set for April 15, 2026, ensuring that shareholders holding stock before this date will receive the dividend, thereby enhancing investor confidence.
- Board Discretion on Payments: The payment of dividends will be at the discretion of the Board, which will consider FCX's financial results, cash requirements, and global economic conditions, demonstrating a cautious approach to financial management.
- Industry Position: As one of the world's largest publicly traded copper producers, Freeport holds significant reserves of copper, gold, and molybdenum in locations such as the Grasberg minerals district in Indonesia and the Morenci minerals district in the U.S., solidifying its leadership in the international metals market.
See More
Significant Premarket Moves in U.S. Stocks
- Fertilizer Price Fluctuation: CF Industries' shares fell nearly 4% as reports indicated that negotiations surrounding the U.S.-Iran war could signal an end to commodity shortages, despite a 27% increase since the conflict began.
- Chip Innovation: Arm's stock rose 13% after unveiling its first in-house chip, projecting $15 billion in revenue by 2031, highlighting its strong growth potential in the semiconductor market.
- Acquisition Deal: Terns Pharmaceuticals saw shares gain over 5% after Merck agreed to acquire the biopharma company for $53 per share in cash, valuing the deal at $6.7 billion, expected to close in Q2.
- Stock Buyback Plan: Robinhood's stock jumped 4% after announcing a $1.5 billion stock buyback plan, set to be executed over three years, aimed at enhancing shareholder value.
See More
Key Stock Market Movers: Meta, Alibaba, JD.com, GameStop, and Others
- Stock Market Movement: Stock futures were rising on Wednesday, indicating positive investor sentiment.
- Cease-Fire Talks: Investors are hopeful for progress in cease-fire discussions between the U.S. and Iran.
- Middle East Conflict: There is an expectation for a swift resolution to the ongoing war in the Middle East.
- Investor Sentiment: The potential for peace is influencing market trends and investor confidence.
See More
Portfolio Adjustments to Navigate Market Volatility
- Portfolio Rebalancing: Amid recent market volatility, Inside Edge Capital executed three portfolio adjustments, reallocating 2% to the short-term Treasury ETF (BIL) and 5% to the inverse Nasdaq ETF (PSQ) to mitigate potential downside risks.
- Gold Holdings Reduction: Despite heightened tensions in the Middle East typically driving gold demand, Inside Edge Capital has cut its positions in Anglogold Ashanti PLC and Agnico Eagle Mines Ltd within its Strategic Income & Growth portfolio, reflecting a cautious outlook on gold due to rising real interest rates and a strengthening dollar.
- Emerging Markets Exposure Cut: In response to increasing global risk aversion, Inside Edge Capital has reduced its investments in emerging markets, notably cutting its position in Kinross Gold Corp within its more aggressive Tactical Alpha Growth portfolio, indicating diminished confidence in these markets.
- Market Liquidity Shifts: As U.S. interest rates rise and the dollar strengthens, demand for liquidity in emerging markets has decreased, leading to a flow of funds back to the U.S., with Inside Edge Capital suggesting a potential reassessment of investments related to artificial intelligence in the future.
See More
