Freeport-McMoRan Reports First-Quarter 2024 Results • Strong first-quarter 2024 operating performance: ◦ Copper sales volumes exceeded January 2024 estimate and first-quarter 2023 ◦ Unit net cash costs below January 2024 estimate and first-quarter 2023 • Indonesia smelter projects nearing completion with start-up activities expected in second-quarter 2024 • Solid financial position • Favorable market fundamentals ▪ Net income attributable to common stock in first-quarter 2024 totaled $473 million, $0.32 per ...

铜需求增长 - 人工智能应用的增长导致数据中心对铜的需求增加[1] - 全球数据中心电力需求增加将导致2030年对新铜需求量达到260万吨[2] - 清洁能源转型将显著增加对铜的需求[3] - 国际能源署预计，清洁能源技术对铜需求的占比将从2020年的24%增长至2040年的32%[5] - 电动汽车、风力发电和智能城市等领域的发展将进一步推动对铜的需求[6] 铜市场前景 - 环境法规和政府干预使得获取新的铜矿许可变得更加困难[7] - Freeport-McMoRan在铜市场处于领先地位，有望增加产量以满足市场需求[8] - 公司预计到2025/2026年，以每磅4美元的铜价，其EBITDA将达到100亿美元，而以每磅5美元的铜价，其EBITDA将达到140亿美元[10] - 公司计划将铜销量从2024年的41亿磅增加到2026年的43亿磅[11] - 公司通过浸出计划和投资在美洲的项目，有望增加铜产量[12] - Freeport-McMoRan作为铜市场的最佳矿业股票，有望在市场供应短缺的情况下获得增长[14]

预测数据 - 分析师预测Freeport-McMoRan将在即将发布的季度报告中每股盈利为$0.30，同比下降42.3%[1] - 预计营收将达到$5.61亿，同比增长4.2%[1] 业务表现 - 预计印尼营收将达到$24.8亿，同比增长81.5%[6] - 预计钼营收将达到$2.39亿，同比增长7.2%[7] - 预计南美洲铜矿营收将达到$10.9亿，同比下降24.2%[8] - 预计北美洲铜矿营收将达到$13.2亿，同比下降21.1%[9] 生产量和销售 - 预计南美洲钼生产量将达到5.48百万磅，低于去年同期的6百万磅[10] - 预计北美洲副产品钼生产量将达到7.10百万磅，略高于去年同期的7百万磅[11] - 预计北美洲金销量将达到4.39千盎司，略高于去年同期的4千盎司[12] - 预计整体金销量将达到56.90千盎司，远高于去年同期的27.0千盎司[13] - 预计印尼金销量将达到55.51千盎司，远高于去年同期的26.6千盎司[14] - 预计南美洲总铜销量将达到276.73百万磅，低于去年同期的302百万磅[15] - 预计印尼Grasberg铜销量将达到421.09百万磅，远高于去年同期的198百万磅[16] 金价预测 - 预计金每盎司的平均实现价格将达到$2,048.89，略高于去年同期的$1,949[17]

Freeport-McMoRan Inc. (FCX) is set to release first-quarter 2024 results before the opening bell on Apr 23. The mining giant’s earnings beat the Zacks Consensus Estimate in each of the last four quarters. It has a trailing four-quarter earnings surprise of roughly 21.5%, on average. Freeport is expected to have gained from its efforts to increase mining rates, the strength in copper prices and lower costs in the first quarter. The stock has gained 18.9% in the past year compared with the industry’s 25.1% ri ...

The most recent trading session ended with Freeport-McMoRan (FCX) standing at $50.74, reflecting a -0.35% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.74%. On the other hand, the Dow registered a loss of 0.01%, and the technology-centric Nasdaq increased by 1.68%. The the stock of mining company has risen by 17.3% in the past month, leading the Basic Materials sector's gain of 3.54% and the S&P 500's gain of 0.8%. The investment community ...

铜价格走势 - 铜价格正在大幅上涨，历史数据显示在降息开始后其表现如何[1] - 即使美联储不降息，铜仍然是一个强劲的交易选择[1] - 铜价格势头强劲，供需不平衡，AI数据中心需求增加，中国经济复苏等因素都支持铜价格上涨[3] 铜市场需求 - 铜在全球制造业和人工智能领域仍然有巨大需求[3] - 铜是全球经济健康增长的关键，对于科技/人工智能进步至关重要[3] - 中国对铜的需求量巨大，与铜价格密切相关[3] 投资建议 - 投资者可以选择投资于全球顶级铜矿企业的ETF，如COPX，或者选择特定的矿企业股票，如Freeport McMoRan (FCX)[3] - 铜的未来展望积极，投资者应该密切关注铜市场[3]

股价表现 - Freeport-McMoRan (FCX) 最新收盘价为 $49.47，较前一个交易日上涨了 +0.59% [1] - 近一个月来，该矿业公司的股价上涨了 23.54%，而基础材料行业上涨了 5.96%，S&P 500指数上涨了 0.48% [2] 财务预测 - Freeport-McMoRan 即将发布财报，预计每股收益为 $0.31，同比下降了 40.38%，预计营收为 $5.64 亿美元，同比增长了 4.67% [3] - Zacks Consensus Estimates 预测 Freeport-McMoRan 全年每股收益为 $1.51，营收为 $237.2 亿美元，分别较去年变化了 -1.95% 和 +3.76% [4] 分析师预期 - 分析师对 Freeport-McMoRan 的预期发生了变化，积极的变化表明分析师对公司的业务和盈利能力持乐观态度 [5] - 研究显示，这些预期变化与未来股价表现直接相关，Zacks Rank 模型整合了这些预期变化并提供了一个功能评级系统 [6] 行业评级 - Freeport-McMoRan 目前的前瞻市盈率为 32.56，较行业的前瞻市盈率 16.81 有溢价 [8] - 采矿 - 有色金属行业属于基础材料部门，该行业目前的 Zacks Industry Rank 为 92，位于所有 250+ 行业的前 37% [9] 行业表现 - Zacks Industry Rank 通过计算各个行业组内个别股票的平均 Zacks Rank 来评估我们单独行业组的实力，研究显示，排名前 50% 的行业的表现是后 50% 的两倍 [10]

铜价影响 - Freeport-McMoRan的股价在3月份大幅上涨，主要受到铜价上涨的影响[1] - 公司管理层根据铜价变动对其EBITDA和经营现金流的敏感性进行了建模[2] - 预计2025年和2026年平均每0.10美元铜价变动将带来4.3亿美元的EBITDA和3.4亿美元的经营现金流变动[3] - 在当前每磅4.23美元的铜价下，投资者可以预期2025年和2026年平均将获得近110亿美元的EBITDA[4] 公司策略 - Freeport-McMoRan不仅仅是铜价的投资标的，还通过其浸出技术和增长项目等措施，积极利用上涨的铜价[6] - 公司管理层坚信长期需求将受益于电气化和清洁能源转型，因此认为Freeport-McMoRan仍是矿业领域的首选[7]

Amidst intermediate corrections or rallies, asset classes tend to have an extended period of bull or bear market. A secular bull market for an asset class is a perfect time to remain invested. On the other hand, price and time correction can extend beyond a decade in bear markets. This column discusses stocks for exposure to an undervalued asset class likely to witness a comeback rally. Without extending the suspense, industrial commodities are the most undervalued asset class. To put things into perspectiv ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Freeport-McMoRan (FCX) , which belongs to the Zacks Mining - Non Ferrous industry. This mining company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 25.22%. For the last reported quarter, Freeport-McMoRan came out with earnings of $0.27 per share ve ...