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FCX Stock Analysis: Copper Prices Buoy Freeport-McMoRan’s Growth

July 30, 2017

This article was written by Linda Luo, a Financial Analyst at I Know First.

FCX Stock Analysis : Copper Prices Buoy Freeport-McMoRan's Growth

Summary:

FCX consistently improves financial position and strengthens balance sheet, swinging from loss to profit
Copper prices are on the rise, which is favorable to major copper producers like FCX
Conclusion
I Know First’s algorithm indicates a bullish signal
Past I Know First forecast successes with FCX

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FCX Stock Analysis: Faltering Copper Demand Along With Poor Fundamentals Creates A Short Sell Oppurtunity

October 20, 2016

This article was written by David Shabotinsky, a Financial Analyst at I Know First, and enrolled at an undergraduate Finance program at the Interdisciplinary Center, Herzliya.

FCX Stock Analysis

Summary:

Background of Freeport McMoran's (FCX) divestment from Oil & Gas (Energy Sector) and outlook for future
Systematic outlook on copper & commodities for the near-term and big market players
Fundamental value analysis on FCX using prominent indicators from Benjamin Graham
Bearish outlook on both copper and FCX as a result of a strong correlation
I Know First maintains a bearish outlook on both copper prices and Freeport McMoran

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Freeport McMoRan Sits On A Gold Mine

August 9, 2015

Agreement with Indonesia allows Freeport to continue to operate the Grasberg mine.
Commodities market is in rough shape, but this well-diversified company is poised to come out of the struggling market strong.
Capex reduction comes at the perfect time to allow Freeport to reap the benefits of their capital investments in time of falling commodity prices.
I Know First algorithm is bullish on Freeport McMoRan.

Based on the last closing price, I Know First algorithm is quite bullish on this stock in the long term, with a bullish algorithmic forecast to support the fundamental analysis.