Bullish Case: Increasing copper demand from renewable energy growth and recent institutional buying signpost potential upside, with FCX's dividends suggesting confidence in financial health.


Bearish Case: The flat options term structure and low trading volume imply market uncertainty, while mixed analyst ratings raise concerns about future stock performance.


Potential Outcomes:

1) Renewed copper demand from green energy catalyzes rally (35%).

2) Earnings fall short, pressuring price (40%).

3) Supply shocks elevate copper prices (25%).


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April 09, 2024


Freeport-McMoRan Forecast

FCX        Freeport-McMoRan
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











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