Freeport-McMoRan: Robust Pipeline And Significant Long-Term Potential Make It A Buy

2026-05-28 05:52:33 ET

Last April, Freeport-McMoRan ( FCX ) reported its first-quarter results , and that alone makes it a good moment to analyze the company’s current situation. But there are even more reasons, because the results they reported , in another context, would have been enough to reward the stock price. Revenue grew +9% YoY to $6,234M, reported OCF was $1,495M, and net income attributable to common stock of $881M practically tripled from the prior year. In addition, FCX reached an agreement with insurers for the mud rush last September that forced the Grasberg mine to shut down for 6 months, and for which they will collect the maximum amount of the policy during the second quarter, worth $700M....

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