Freeport-McMoRan Option Alert: May 16 $42 Calls Sweep (76) above Ask!: 4250 vs 2682 OI

Freeport-McMoRan Option Alert: May 16 $42 Calls Sweep (76) above Ask!: 4250 @ $2.161 vs 2682 OI; Ref=$39.71

Freeport-McMoRan (NYSE:FCX) Bolsa

Freeport-McMoRan

Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at end December 2024. we expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.

Long Ideas

News

Pre-Market Outlook

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NTIC

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Freeport-McMoRan Inc

First Capital REIT

WIIM

STLD

Shares of base metal stocks are trading lower after president Trump confirmed Mar 4 tariffs, which could affect demand outlook.

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Freeport-McMoRan</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with FCX, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Freeport-McMoRan.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 62% bullish and 25%, bearish.</p>
<p>Out of all of the special options we uncovered, 5 are puts, for a total amount of $290,751, and 3 are calls, for a total amount of $107,454.</p>
<h3>Predicted Price Range</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $25.0 to $42.0 for Freeport-McMoRan over the recent three months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for Freeport-McMoRan's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Freeport-McMoRan's whale activity within a strike price range from $25.0 to $42.0 in the last 30 days. </p>
<h3>Freeport-McMoRan Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2025/1740769246_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$4.3</td>
<td>$4.2</td>
<td>$4.2</td>
<td>$39.00</td>
<td>$91.1K</td>
<td>768</td>
<td align="right">374</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$6.8</td>
<td>$6.7</td>
<td>$6.7</td>
<td>$42.00</td>
<td>$57.6K</td>
<td>377</td>
<td align="right">0</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$4.3</td>
<td>$4.2</td>
<td>$4.2</td>
<td>$39.00</td>
<td>$54.6K</td>
<td>768</td>
<td align="right">130</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$3.5</td>
<td>$3.4</td>
<td>$3.4</td>
<td>$39.00</td>
<td>$48.2K</td>
<td>75</td>
<td align="right">142</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$2.09</td>
<td>$2.01</td>
<td>$2.09</td>
<td>$25.00</td>
<td>$47.8K</td>
<td>1.9K</td>
<td align="right">229</td>
</tr>
</tbody>
</table>
</p>
<h3>About Freeport-McMoRan</h3>
<p>Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at end December 2024. we expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.</p>
<p>Following our analysis of the options activities associated with Freeport-McMoRan, we pivot to a closer look at the company's own performance.</p>
<h3>Freeport-McMoRan's Current Market Status</h3>
<ul>
<li>With a volume of 6,678,192, the price of FCX is down -1.71% at $36.78. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 53 days.</li>
</ul>
<h3>What Analysts Are Saying About Freeport-McMoRan</h3>
<p>A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $48.0.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage"><strong>Click here for access</strong></a>.<br />
&#x2A; In a positive move, an analyst from Jefferies has upgraded their rating to Buy and adjusted the price target to $48. </p>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Freeport-McMoRan, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Options

This Is What Whales Are Betting On Freeport-McMoRan

<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.</p>
<ul>
<li>DA Davidson analyst Brent Thielman upgraded <strong>Sterling Infrastructure, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRL#NASDAQ">STRL</a>) from Neutral to Buy and announced a $185 price target. Sterling Infrastructure shares closed at $122.16 on Wednesday. <a href="https://www.benzinga.com/quote/AFRM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Chris LaFemina upgraded the rating for <strong>Freeport-McMoRan Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) from Hold to Buy and raised the price target from $40 to $48. Freeport-McMoRan shares closed at $37.95 on Wednesday. <a href="https://www.benzinga.com/quote/AFRM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Jeffrey Zekauskas upgraded <strong>Westlake Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) from Underweight to Neutral but lowered the price target from $135 to $110. Westlake shares closed at $112.32 on Wednesday. <a href="https://www.benzinga.com/quote/AFRM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keefe, Bruyette &amp; Woods analyst Timothy Switzer upgraded <strong>Triumph Financial, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TFIN#NASDAQ">TFIN</a>) from Underperform to Market Perform and lowered the price target from $80 to $74. Triumph Financial shares closed at $68.97 on Wednesday. <a href="https://www.benzinga.com/quote/AFRM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Susquehanna analyst James Friedman upgraded <strong>EVERTEC, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTC#NYSE">EVTC</a>) from Negative to Neutral and raised the price target from $28 to $30. Evertec shares closed at $32.34 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
<p>Considering buying WLK stock? Here&#8217;s what analysts think: </p>
<p><strong>Read This Next:</strong></p>
<ul>
<li><strong> <a href="https://www.benzinga.com/25/02/43981679/top-3-real-estate-stocks-that-may-fall-off-a-cliff-in-q1">Top 3 Real Estate Stocks That May Fall Off A Cliff In Q1</a></strong></li>
</ul>


Upgrades

Analyst Ratings

EVTC

STRL

TFIN

This Westlake Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Thursday

Freeport-McMoRan shares are trading higher after Jefferies upgraded the stock from Hold to Buy and raised its price target from $40 to $48.

<p>8 analysts have expressed a variety of opinions on Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.</p>
<p>Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th align="right"><strong>Bullish</strong></th>
<th align="right"><strong>Somewhat Bullish</strong></th>
<th align="right"><strong>Indifferent</strong></th>
<th align="right"><strong>Somewhat Bearish</strong></th>
<th align="right"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
<p>Insights from analysts' 12-month price targets are revealed, presenting an average target of $46.62, a high estimate of $50.00, and a low estimate of $40.00. This current average represents a 8.59% decrease from the previous average price target of $51.00. </p>
<p><img src="https://www.benzinga.com/files/images/story/2025/1740657620_0.png" alt="price target chart" /></p>
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
<p>In examining recent analyst actions, we gain insights into how financial experts perceive Freeport-McMoRan. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Chris LaFemina</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$48.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Orest Wowkodaw</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$45.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Katja Jancic</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$50.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Chris LaFemina</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$40.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Bill Peterson</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$48.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Bob Brackett</td>
<td>Bernstein</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$46.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Orest Wowkodaw</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$48.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Chris LaFemina</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$48.00</td>
<td>$60.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Freeport-McMoRan. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Freeport-McMoRan compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts gauge the dynamics of price targets, providing estimates for the future value of Freeport-McMoRan's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Freeport-McMoRan's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/FCX/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage"><strong>Stay up to date on Freeport-McMoRan analyst ratings.</strong></a></p>
<h2>Unveiling the Story Behind Freeport-McMoRan</h2>
<p>Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at end December 2024. we expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.</p>
<h3>Freeport-McMoRan: Delving into Financials</h3>
<p><strong>Market Capitalization:</strong> Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.</p>
<p><strong>Negative Revenue Trend:</strong> Examining Freeport-McMoRan's financials over 3 months reveals challenges. As of 31 December, 2024, the company experienced a decline of approximately <strong>-3.13%</strong> in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Materials sector.</p>
<p><strong>Net Margin:</strong> Freeport-McMoRan's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of <strong>4.79%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of <strong>1.56%,</strong> the company may need to address challenges in generating satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>0.5%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> Freeport-McMoRan's debt-to-equity ratio stands notably higher than the industry average, reaching <strong>0.55</strong>. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.</p>
<h2>Analyst Ratings: Simplified</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


What Analysts Are Saying About Freeport-McMoRan Stock

<p>Jefferies  analyst Chris LaFemina   upgrades Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) from Hold to Buy and raises the price target from $40 to $48.</p>


Price Target

Jefferies Upgrades Freeport-McMoRan to Buy, Raises Price Target to $48

Macro Economic Events

Global

Economics

SCCO

Citi Says Earlier Duties On Copper Imports Can Also Emerge Via Reciprocal Tariffs (Q2 2025 In Its Base Case)

Citi Says Its Base Case Now Sees A 25% Copper-Specific Tariff Imposed In Q4 2025

Market Summary

General

NVDA

Benzinga Market Summary: S&P Rises As NVIDIA Gains Ahead Of Q4 Report, Trump Orders Probe Of Copper Imports

Shares of copper stocks are trading higher after President Trump reportedly ordered a new tariff probe into US copper imports.

<p><a href="https://www.reuters.com/world/us/trump-orders-new-tariff-probe-into-us-copper-imports-2025-02-25/" title="https://www.reuters.com/world/us/trump-orders-new-tariff-probe-into-us-copper-imports-2025-02-25/">https://www.reuters.com/world/us/trump-orders-new-tariff-probe-into-us-copper-imports-2025-02-25/</a></p>


'Trump Orders New Tariff Probe Into U.S. Copper Imports; U.S. Commerce Secretary Lutnick Says Will Investigate Possible Imposition Of Tariffs To Rebuild U.S. Copper Industry, Says "No Exemptions, No Exceptions; It's Time For Copper To Come Home"; White House Official Says President Trump Will Recognize Copper Sector As National Security Issue, Commerce Dept Will Investigate Under Section 232' - Reuters News

CRML

LITM

PPTA

SBSW

TECK

Shares of metal and mining companies are trading lower amid overall market weakness on US consumer and economic concerns.

<p>Financial giants have made a conspicuous bearish move on Freeport-McMoRan. Our analysis of options history for Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) revealed 19 unusual trades.</p>
<p>Delving into the details, we found 31% of traders were bullish, while 57% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $501,366, and 12 were calls, valued at $687,517.</p>
<h3>What's The Price Target?</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $45.0 for Freeport-McMoRan over the last 3 months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In today's trading context, the average open interest for options of Freeport-McMoRan stands at 4432.4, with a total volume reaching 8,242.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Freeport-McMoRan, situated within the strike price corridor from $30.0 to $45.0, throughout the last 30 days.</p>
<h3>Freeport-McMoRan Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2025/1740162633_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$6.25</td>
<td>$6.2</td>
<td>$6.2</td>
<td>$35.00</td>
<td>$155.0K</td>
<td>833</td>
<td>25</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$7.45</td>
<td>$7.3</td>
<td>$7.35</td>
<td>$35.00</td>
<td>$147.0K</td>
<td>813</td>
<td>2</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$2.31</td>
<td>$2.3</td>
<td>$2.3</td>
<td>$38.00</td>
<td>$114.7K</td>
<td>1.9K</td>
<td>3.0K</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$1.47</td>
<td>$1.13</td>
<td>$1.27</td>
<td>$40.00</td>
<td>$99.7K</td>
<td>8.4K</td>
<td>0</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$1.89</td>
<td>$1.88</td>
<td>$1.88</td>
<td>$39.00</td>
<td>$93.8K</td>
<td>1.5K</td>
<td>564</td>
</tr>
</tbody>
</table>
</p>
<h3>About Freeport-McMoRan</h3>
<p>Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at end December 2024. we expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.</p>
<p>In light of the recent options history for Freeport-McMoRan, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Freeport-McMoRan's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 6,060,712, the FCX's price is down by -4.08%, now at $37.37. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 60 days.</li>
</ul>
<h3>Expert Opinions on Freeport-McMoRan</h3>
<p>Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $45.0.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Scotiabank has decided to maintain their Sector Perform rating on Freeport-McMoRan, which currently sits at a price target of $45.<br />
&#x2A; An analyst from Jefferies downgraded its action to Hold with a price target of $40.<br />
&#x2A; An analyst from BMO Capital has decided to maintain their Outperform rating on Freeport-McMoRan, which currently sits at a price target of $50. </p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Freeport-McMoRan with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.</p>


Looking At Freeport-McMoRan's Recent Unusual Options Activity

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WDAY

Viking Global Investors' Latest 13F Filing Reveals Dissolved Stakes In Apple By 4.86M Shares, Workday By 3.27M Shares, Las Vegas Sands By 8.67M Shares, McDonald's By 1.12M Shares, Vertiv Holdings By 2.81M Shares, Acadia Healthcare By 3.70M Shares, CBRE Group By 1.57M Shares, Carnival By 9.56M Shares, Freeport-McMoRan By 3.14M Shares, Eli Lilly By 152K Shares, 3M By 840.75K Shares, Ameriprise Financial By 243.06K Shares, Tesla By 436.27K Shares, Rogers Communications By 2.70M Shares

<p>On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/02/13/final-trades-agnico-eagle-mines-freeport-mcmoran-starbucks-and-the-kweb.html">Halftime Report Final Trades</a>,&#8221; <strong>Kevin Simpson</strong> of Capital Wealth Planning picked <strong>Agnico Eagle Mines Limited</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) ahead of quarterly earnings, expecting a fifth straight quarter of record <a href="https://www.benzinga.com/quote/AEM/earnings">free cash flow</a>.</p>
<p>After the closing bell on Thursday, Agnico Eagle Mines reported fourth-quarter earnings of $1.26 per share which beat the analyst consensus estimate of $1.18 per share. The company reported quarterly sales of $2.22 billion which missed the analyst consensus estimate of $2.27 billion by 2.01 percent.</p>
<p><strong>Bill Baruch</strong> of Blue Line Capital named <strong>Freeport-McMoRan Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), saying gold has been setting record highs and now it's time for silver and copper. Copper has gained more than 10% month-to-date, while Freeport is still close to the lows. &#8220;I like Freeport to run here,&#8221; he added.</p>
<p>Freeport-McMoRan, meanwhile, on Jan. 23, reported fourth-quarter FY24 results. Revenue stood at $5.72 billion, missing the consensus of $5.99 billion. Adjusted EPS was $0.31, beating the consensus of $0.22.</p>
<p><em>Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a></em></p>
<p><strong>Liz Young Thomas</strong> of SoFi picked <strong>KraneShares CSI China Internet ETF</strong> (NYSE KWEB) as her final trade.</p>
<p>Rounding out the trades, <strong>Joshua Brown </strong>of Ritholtz Wealth Management said he is staying long on <strong>Starbucks Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), which hit a new 52-week high on Thursday.</p>
<p>Adding support to his choice, Starbucks, on Jan. 28, reported better-than-expected financial results for the first quarter. The coffee giant reported first-quarter revenue of $9.4 billion, beating the consensus estimate of $9.32 billion. Starbucks reported first-quarter earnings of 69 cents per share, beating analyst estimates of 66 cents per share, according to Benzinga Pro.</p>
<p><strong>Price Action:</strong></p>
<ul>
<li>Agnico Eagle Mines shares opened at $99.75 on Friday.</li>
<li>KraneShares CSI China Internet ETF opened Friday's session at $36.</li>
<li>Freeport-McMoRan opened at $40.49 on Friday</li>
<li>Starbucks shares opened at $112.73 on Friday.</li>
</ul>
<p><strong>Check This Out: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/02/43692962/top-3-consumer-stocks-you-may-want-to-dump-in-february">Top 3 Consumer Stocks You May Want To Dump In February</a></strong></li>
</ul>
<p><em>Image: Shutterstock</em></p>


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SBUX

Starbucks, Agnico Eagle Mines, Freeport-McMoRan And More On CNBC's 'Final Trades'

KWEB

CNBC Halftime Report Final Trades: Agnico Eagle Mines, Freeport-McMoRan, Starbucks, KraneShares Trust KraneShares CSI China Internet ETF

<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>Freeport-McMoRan</strong>.</p>
<p>Looking at options history for Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) we detected 9 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 22% with bearish.</p>
<p>From the overall spotted trades, 2 are puts, for a total amount of $63,500 and 7, calls, for a total amount of $410,900.</p>
<h3>What's The Price Target?</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $45.0 for Freeport-McMoRan, spanning the last three months.</p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Freeport-McMoRan's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Freeport-McMoRan's whale trades within a strike price range from $30.0 to $45.0 in the last 30 days. </p>
<h3>Freeport-McMoRan Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2025/1739292326_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/28/25</td>
<td>$7.8</td>
<td>$7.75</td>
<td>$7.75</td>
<td>$30.00</td>
<td>$155.0K</td>
<td>404</td>
<td>400</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$1.18</td>
<td>$1.17</td>
<td>$1.18</td>
<td>$45.00</td>
<td>$84.6K</td>
<td>58.2K</td>
<td>743</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$2.94</td>
<td>$2.91</td>
<td>$2.94</td>
<td>$37.00</td>
<td>$54.9K</td>
<td>665</td>
<td>188</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/28/25</td>
<td>$0.52</td>
<td>$0.47</td>
<td>$0.5</td>
<td>$36.00</td>
<td>$37.4K</td>
<td>289</td>
<td>749</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$1.19</td>
<td>$1.13</td>
<td>$1.18</td>
<td>$45.00</td>
<td>$35.4K</td>
<td>58.2K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Freeport-McMoRan</h3>
<p>Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at end December 2024. we expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.</p>
<p>In light of the recent options history for Freeport-McMoRan, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Freeport-McMoRan's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 6,003,503, the FCX's price is down by -2.18%, now at $37.62. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 70 days.</li>
</ul>
<h3>What The Experts Say On Freeport-McMoRan</h3>
<p>In the last month, 4 experts released ratings on this stock with an average target price of $45.75.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Jefferies downgraded its action to Hold with a price target of $40.<br />
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Freeport-McMoRan, targeting a price of $48.<br />
&#x2A; An analyst from BMO Capital has decided to maintain their Outperform rating on Freeport-McMoRan, which currently sits at a price target of $50.<br />
&#x2A; An analyst from Scotiabank has decided to maintain their Sector Perform rating on Freeport-McMoRan, which currently sits at a price target of $45. </p>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Freeport-McMoRan options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Freeport-McMoRan Options Trading: A Deep Dive into Market Sentiment

<p>Looking into the current session, <strong>Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>)</strong> shares are trading at $38.06, after a <strong>1.04%</strong> drop. Over the past month, the stock fell by <strong>2.26%</strong>, but over the past year, it actually went up by <strong>3.39%</strong>. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. </p>
<p>
</p><p><img src="https://www.benzinga.com/files/images/story/2025/1739278812_0.png" alt="Past Year Chart" /></p>

<h3>Freeport-McMoRan P/E Compared to Competitors</h3>
<p>The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. </p>
<p>Compared to the aggregate P/E ratio of <strong>28.97</strong> in the Metals &amp; Mining industry, Freeport-McMoRan Inc. has a higher P/E ratio of <strong>29.58</strong>. Shareholders might be inclined to think that Freeport-McMoRan Inc. might perform better than its industry group. It's also possible that the stock is overvalued. </p>
<p>
</p><p><img src="https://www.benzinga.com/files/images/story/2025/1739278812_1.png" alt="Guage" /></p>

<p>In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions. </p>


Intraday Update

Price Over Earnings Overview: Freeport-McMoRan

<p>Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) has outperformed the market over the past 5 years by 11.69% on an annualized basis producing an average annual return of 24.06%. Currently, Freeport-McMoRan has a market capitalization of $52.38 billion. </p>
<p><strong>Buying $100 In FCX:</strong> If an investor had bought $100 of FCX stock 5 years ago, it would be worth <strong>$299.47</strong> today based on a price of $36.45 for FCX at the time of writing.</p>
<h3>Freeport-McMoRan's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2025/1738766757_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Here's How Much $100 Invested In Freeport-McMoRan 5 Years Ago Would Be Worth Today

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