Freeport-McMoRan Inc. (FCX), worth $58.4 billion, specializes in copper mining. Analysts predict a Q4 profit of $0.21 per share, down from last year. Annual EPS is expected to increase to $1.49 and $1.96 in 2026. Stock has risen 30.3% in the past year, surpassing market indices.

FCX’s success is attributed to rising copper prices, driven by global demand for electrification and renewable energy. Shares rose 1% on Dec. 15 due to a surge in copper prices. Analysts are bullish on FCX, with a majority rating it as a “Strong Buy” and a price target of $50.95.

Overall, Freeport-McMoRan has thrived in the past year due to favorable copper pricing dynamics and market conditions. The company’s strategic focus on copper production has driven its success, with analysts predicting continued growth and a positive outlook for the stock.

Read more at Yahoo Finance: What To Expect From Freeport-McMoRan’s Report