BUZZ-Street View: Indonesia, higher capex risks to weigh on Freeport-McMoRan's earnings
Updates
** Mining company Freeport-McMoRan FCX.N posted a drop in Q4 production on Thursday and said its costs would rise more than expected this year
** FCX forecast higher 2025 capex of about $5.0 bln vs $4.8 bln in 2024
ANALYSTS EXPECT NEAR-TERM HEADWINDS
** Jefferies ("Hold") cuts PT to $40 from $48, says FCX is operating well in the Americas but the earnings risk in Indonesia is to the downside for now and free cash flow is likely to be relatively low for the next 12 to 18 months due to higher capex impact
** Scotiabank ("Sector Perform") cuts PT to $45 from $48, sees negligible free cash flow in 2025 as FCX's three-year guidance was below expectations, particularly with respect to 2025 copper sales and 2025-2026 planned capex
** BMO ("Outperform") cuts PT to $50 from $54, says elevated capex spending in 2025-2026 is a headwind
** Adds that receiving the export license extension from Indonesia is currently key
Related Articles
JPMorgan Chase & Co. 2025 Second Quarter Earnings Preview
JPMorgan Chase & Co. (JPM) is scheduled to release its 2025 second quarter earnings report before the market opens on Tuesday, July 15, 2025, at 7:00 AM Eastern Time, with a subsequent earnings conference call at 8:30 AM. As one of the world’s leading financial institutions, JPMorgan’s quarterly ear
[Reuters Analysis] The ever-evolving 'Trump doctrine' and the fight for US strategy: Peter Apps
WASHINGTON, July 11 (Reuters) - As some 20 Iranian ballistic missiles headed for the U.S. airbase at Al Udeid in Qatar last month following U.S. strikes against Iran, the only U.S. personnel at the almost entirely evacuated base were some 40 air defence personnel manning a Patriot missile battery fl
[Reuters Analysis] Trump's antitrust enforcers 'get out of the way' of multibillion-dollar deals
July 10 (Reuters) - President Donald Trump's antitrust enforcers recently cleared a string of multibillion-dollar deals in a week, demonstrating a willingness to settle with companies that marks a shift from the Biden administration.
Q2 2025 Earnings Season Preview: The First Test Under Trump’s Tariffs — Could Low Expectations Bring Surprises?
TradingKey - Mid-July will mark the first earnings season since President Donald Trump’s tariff policy took effect, offering investors a glimpse into how American companies are handling the impact of trade tensions. Analysts believe that with low expectations heading into Q2, it may be easier for
Prediction! Federal Reserve Chairman Jerome Powell's Next Move Will Be an Interest Rate Cut
The Federal Reserve must balance the risks of higher inflation with the risks of higher unemployment when making decisions on interest rates.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »*Stock prices used were..
