Freeport-McMoRan (FCX) is a Top-Ranked Value Stock: Should You Buy?

Company Overview - Freeport-McMoRan Inc. is engaged in mineral exploration and development, mining and milling of copper, gold, molybdenum, and silver, as well as smelting and refining of copper concentrates [12] - The company operates primarily through subsidiaries, including PT Freeport Indonesia, Freeport Minerals Corporation, and Atlantic Copper [12] - PT Freeport Indonesia's principal asset is the Grasberg mine in Papua, Indonesia, which contains the world's largest copper and gold reserves [12] Investment Ratings - Freeport-McMoRan has a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating a solid overall rating [13] - The company also has a Value Style Score of A, supported by attractive valuation metrics such as a forward P/E ratio of 17.41 [13] Earnings Estimates - In the last 60 days, four analysts have revised their earnings estimates upwards for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.03 to$1.68 per share [13] - Freeport-McMoRan has an average earnings surprise of 15.2%, suggesting a positive trend in earnings performance [13] Investment Considerations - With a solid Zacks Rank and top-tier Value and VGM Style Scores, Freeport-McMoRan is recommended for investors' consideration [14]