Sitting on a Cash Pile 11.0? Strong Economic Growth Begets Demand for Natural Resources

Sitting on a Cash Pile 11.0? Strong Economic Growth Begets Demand for Natural Resources

#cash #bullish #buy $FCX Freeport McMoRan Inc. (NYSE:FCX) broke out on 26 May 2020 at 9.26 and confirmed on 16 February 2021 at 32.90, reiterating LTNs Cash Pile Buy rating, with a price target at 63/share. The Key support is at 41.81 and the resistance is NIL. Our Key technical indicators are flashing Very Bullish […]

Rio Tinto Group Negotiating With Freeport

Rio Tinto Group Negotiating With Freeport

US mining giant Freeport McMoRan has signaled it believes a breakthrough agreement allowing it to continue operating a massive gold and copper mine in Indonesia will win the approval of Rio Tinto. Indonesian Energy and Minister Resources Minister Ignasius Jonan said on Tuesday that after “tough negotiations” Freeport had agreed to give up its majority stake […]

Freeport-McMoRan Unexpected Q2 Results

Freeport-McMoRan Unexpected Q2 Results

Freeport-McMoRan (FCX) has just reported its second-quarter results, which are very interesting to see in the light of ongoing problems in Indonesia and the recent upside in the copper market. The company reported adjusted net income of $0.17 per share on revenue of $3.7 billion, missing analyst estimates on earnings and beating them on revenue. More importantly, […]