erlucho/iStock via Getty Images Copper prices remain firm after a torrid 2025 rally. US prices are near $6 per pound, and that has been incredibly favorable for Freeport-McMoRan ( FCX ). The world’s largest copper producer has seen its earnings soar, along with its share price. After posting strong Q4 results last month, I see more upside ahead. I had a buy rating on FCX in December . The stock ha...
erlucho/iStock via Getty Images Copper prices remain firm after a torrid 2025 rally. US prices are near $6 per pound, and that has been incredibly favorable for Freeport-McMoRan ( FCX ). The world’s largest copper producer has seen its earnings soar, along with its share price. After posting strong Q4 results last month, I see more upside ahead. I had a buy rating on FCX in December . The stock has been on an outright heater, up 46% since my previous assessment. Today, I reiterate a buy rating and am lifting my price target from $55 to $69. FCX Outperforming SPY & XLB StockCharts.com Copper Prices Near $6/lb Trading Economics Back in January, Freeport posted a strong set of quarterly results. Q4 non-GAAP EPS of $0.47 topped the Wall Street consensus forecast of $0.32, while revenue of $5.6 billion, down 2% from the same period a year earlier, was a material $280 million beat. Its average realized price of copper was $5.33 and $4078 for gold. The company plans to phase in its Grasberg block cave restart in Q2, so that’s a possible upside catalyst. Despite the solid numbers, FCX dipped 2.9% in the session after reporting, actually its worst post-earnings performance going back to April of 2023. That didn’t do too much to cool the bulls’ sentiment, however. Ahead of the April 23 earnings event, the options market prices in a somewhat high 6.8% earnings-related stock price swing based on the at-the-money straddle expiring soonest after the event. Implied volatility remains high at 50.7% on the $90 billion market cap stock. Short interest is low at 2.33%. Looking back on the quarter that was, it was an all-around impressive operational performance . Copper and gold sales topped the firm’s expectations for Q4, and unit net cash costs verified more favorably than predicted. Specifically, copper sales reached 709 million pounds (compared to an estimated 635 million), and gold sales reached 80 thousand ounces (60,000 estimated). 2025 Summary FCX Freeport tallied $2.0 billion...
Leader vows to repay the ‘young martyrs’ who died as North Korea intensifies propaganda glorifying troops deployed to fight for Russia North Korea has said it completed a new housing district in Pyongyang for families of North Korean soldiers killed while fighting alongside Russian forces in Ukraine, the latest effort by leader Kim Jong-un to honour the war dead. State media photos showed Kim walk...
Leader vows to repay the ‘young martyrs’ who died as North Korea intensifies propaganda glorifying troops deployed to fight for Russia North Korea has said it completed a new housing district in Pyongyang for families of North Korean soldiers killed while fighting alongside Russian forces in Ukraine, the latest effort by leader Kim Jong-un to honour the war dead. State media photos showed Kim walking through the new street – called Saeppyol Street – and visiting the homes of some of the families with his increasingly prominent daughter, believed to be named Kim Ju-ae, as he pledged to repay the “young martyrs” who “sacrificed all to their motherland”. Continue reading...