Stock Pulse
Freeport-McMoRan (FCX) saw a 15.5% share price increase to $33.74 due to high trading volume and a pause on reciprocal tariffs [1], recovering somewhat from a recent four-week loss [1]. Upcoming earnings project $0.26 EPS and $5.6 billion in revenue, representing year-over-year declines, but a positive EPS revision suggests potential price appreciation [1]. Despite longer-term concerns about slumping copper prices and production costs [2], FCX is expanding capacity and has strong liquidity [2]. While maintaining its copper sales forecast, FCX lowered gold sales projections for Q1 2025 [4]. Positive sentiment arose from analysts upgrading FCX and citing the importance of copper for AI data centers [6], along with the company's focus on U.S. mining operations [8]. Risks remain due to geopolitical factors, operational challenges, and the uncertain long-term copper market [4], [9].