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

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

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

  • 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

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

  • 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

  • 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.

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