FREEPORT, Texas, May 7, 2026 /PRNewswire/ — Diamond Infrastructure Solutions today announced a request for quotes (RFQ) as part of an initiative to modernize its power and steam supply at its Freeport, Texas site. Through the RFQ, Diamond has launched a competitive partner engagement process and is actively soliciting proposals from experienced developers and technology providers to advance the company plans to deliver next‑generation facilities and reinforce its long‑term commitment to providing resilient, efficient, and sustainable energy services to customers at the Freeport complex.

The project will retire two legacy cogeneration plants and replace them with advanced, purpose‑built assets designed to support long‑term, reliable industrial operations expected to begin operating in 2032. The new facilities are expected to provide baseload power, along with critical steam supply, significantly enhancing efficiency, availability, and operational flexibility across the Freeport site.

The project reflects Diamond's continued investment in modernizing the Freeport energy platform while maintaining continuity of operations throughout the transition. The new facilities will be designed to integrate with existing transmission infrastructure and to accommodate future fuel flexibility, supporting evolving operational needs and sustainability objectives.

The company expects to advance the project later this year following a rigorous evaluation process.

The RFQ is available to qualified respondents through June 25th, 2026.

Media Contact: Jeffrey Eagle Email: jeagleii@diamondinfra.com

About Diamond Infrastructure Solutions Diamond Infrastructure Solutions is an independent, infrastructure‑focused operating company delivering essential services to industrial customers across the U.S. Gulf Coast. Built on a foundation of world‑class operational excellence, Diamond provides power and steam generation, environmental operations, site infrastructure, pipelines, and storage solutions that enable reliable, efficient, and resilient industrial operations. With strategic assets located in Texas and Louisiana, Diamond partners with customers to support growth, modernization, and long‑term performance across critical manufacturing and infrastructure sites.

View original content to download multimedia:https://www.prnewswire.com/news-releases/diamond-infrastructure-solutions-announces-rfq-for-power-and-steam-modernization-in-freeport-texas-302765800.html

Coeur Mining, Inc. CDE is expected to post year-over-year growth in earnings when it reports first-quarter 2026 results on May 6, after market close.

The consensus mark for earnings has moved down over the past 60 days to 37 cents per share for the quarter. The figure indicates solid 236.4% year-over-year growth.

Image Source: Zacks Investment Research

CDE’s Earnings Surprise History

CDE’s earnings performance has been mixed in recent quarters. Earnings missed the Zacks Consensus Estimate in two of the trailing four quarters and beat the mark in the other two, delivering an average surprise of 108.6%.

Image Source: Zacks Investment Research

What the Zacks Model Unveils for CDE

Our proven model does not conclusively predict an earnings beat for CDE this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, but that is not the case here.

Earnings ESP: The Earnings ESP for CDE is 0.00%. You can uncover the best stocks before they are reported with our Earnings ESP Filter.

Zacks Rank: CDE currently has a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here. 

Factors Likely to Have Shaped CDE's Q1 Performance

Coeur Mining entered 2026 on the back of a very strong operational and financial recovery in 2025, which is critical to the first-quarter 2026 performance. The company reported record fourth-quarter 2025 revenue of about $674.7 million and net income of $215 million, supported by higher production and strong gold and silver prices. 

The last quarter likely reflected peak operational momentum driven by record production, strong free cash flow generation and improved balance sheet strength. This strong exit rate provides a favorable base for the first quarter of 2026. At the operational level, several mine-level dynamics are likely to have shaped first-quarter earnings. Growth at the Rochester mine and a full quarter contribution from the Las Chispas operation are expected to support production volumes in 2026.  

However, the first quarter in mining is often seasonally weaker due to weather disruptions and maintenance cycles, which could have affected sequential performance even if year-over-year growth remains strong. It could see variability due to grade fluctuations, timing of ore sequencing and ongoing optimization efforts at these assets. 

Precious metal prices are a key driver for the current quarter. The company benefited from elevated gold and silver prices through 2025, which significantly boosted revenue and margins. This is expected to have continued in the first quarter as well, with gold and silver prices being higher on a year-over-year basis during this period.   

CDE Stock’s Price Performance & Valuation

Shares of CDE are up 223.9% in the past year compared with the industry’s 79.6% growth.

CDE has outpaced miners like Ero Copper Corp. ERO, Southern Copper Corporation SCCO and Lundin Mining Corporation LUNMF, which have gained 98.4%, 93.3% and 204.8%, respectively, in the past year.

Image Source: Zacks Investment Research

CDE is currently trading at a forward 12-month price/earnings ratio of 11.38X at a discount to industry's 21.5X.

Image Source: Zacks Investment Research

Investment Thesis for CDE Stock

Coeur Mining is well-positioned for strong momentum, with balanced exposure to gold and silver through Rochester and Las Chispas. Elevated gold prices enhance cash generation despite ongoing sustaining capital. Strategic investments in mine-life extension strengthen long-term reserve visibility and asset value. However, typical seasonal weakness, operational variability and potential fluctuations in gold and silver prices may limit sequential upside. Strong liquidity and reduced leverage enhance resilience and support ongoing growth investments, reinforcing a constructive near-term outlook despite short-term uncertainties. 

Final Thoughts: Hold CDE Shares

The first quarter of 2026 for Coeur Mining is likely to reflect a transition from the exceptionally strong finish to 2025, with performance shaped by seasonal softness, mine-level variability and fluctuations in gold and silver prices. While production should remain supported by continued progress at Rochester and a full-quarter contribution from Las Chispas, factors such as weather disruptions, ore sequencing and optimization efforts could weigh on results. The company’s stronger balance sheet and liquidity position provide stability, even if realized pricing sees some volatility. The balance of resilient fundamentals and near-term uncertainties suggests that a hold stance is appropriate for investors.

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Southern Copper Corporation (SCCO) : Free Stock Analysis Report

Coeur Mining, Inc. (CDE) : Free Stock Analysis Report

Lundin Mining Corp. (LUNMF) : Free Stock Analysis Report

Ero Copper Corp. (ERO) : Free Stock Analysis Report

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Why Southern Copper’s latest earnings are drawing fresh attention

Southern Copper (SCCO) has moved into focus after reporting record first quarter 2026 results, including sales of US$4.25b and net income of about US$1.58b, alongside a leadership transition to a new CEO.

See our latest analysis for Southern Copper.

Despite the strong first quarter and CEO transition, Southern Copper’s recent share price performance has cooled, with a 7 day share price return showing a 5.1% decline and a 90 day share price return showing a 10.5% decline, while the 1 year total shareholder return of 98.9% and 5 year total shareholder return of 193.8% point to powerful longer term momentum.

If you are looking beyond Southern Copper and want more mining exposure tied to electrification trends, it could be worth scanning 8 top copper producer stocks

With record Q1 earnings, a US$171.18 share price, and recent declines after a strong 1 year run, the key question is whether Southern Copper now trades below its underlying value or if the market is already pricing in future growth.

Most Popular Narrative: 5.3% Overvalued

Southern Copper’s last close at $171.18 sits above the most followed fair value estimate of $162.54, which is built using a relatively conservative growth and discount framework.

Southern Copper has announced substantial capital investments totaling over $15 billion, including projects in Mexico and Peru, which are expected to drive future production growth and potentially boost revenue significantly. Expansion projects such as Tia Maria, Los Chancas, and Michiquillay are progressing, with expectations for additional production capacity, which could positively impact revenue and earnings starting in 2027 through 2030.

Read the complete narrative.

Curious how a premium P/E, gradual revenue growth and higher long term margins still arrive at only a small gap to today’s price? The narrative leans on sustained profitability, ambitious capacity additions and a specific discount rate to reconcile that $162.54 fair value with recent earnings strength. The full storyline shows how those pieces fit together over several years rather than just this record quarter.

Result: Fair Value of $162.54 (OVERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, this story can change quickly if U.S.-China trade tensions flare or if project disruptions and rising costs squeeze the margins analysts are banking on.

Find out about the key risks to this Southern Copper narrative.

Next Steps

With sentiment clearly mixed between impressive recent returns and fresh earnings strength on one side and flagged risks on the other, it makes sense to review the numbers, projections and narratives for yourself before forming a view. You can start with the 2 key rewards and 1 important warning sign

Looking for more investment ideas?

If Southern Copper has sharpened your interest, do not stop here. A wider watchlist can help you spot opportunities before they move out of reach.

• Target resilience first by scanning companies in the 69 resilient stocks with low risk scores that may better match your comfort with volatility and downside risk.
• Hunt for value by checking the 50 high quality undervalued stocks where strong fundamentals and pricing may line up more attractively than widely followed large caps.
• Get ahead of the crowd by reviewing the screener containing 25 high quality undiscovered gems and see which under followed names fit your return and quality expectations.

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include SCCO.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St.

• If you are wondering whether Southern Copper’s current share price lines up with its underlying value, this breakdown will help you put the recent performance into context.
• The stock last closed at US$171.18, with a 1 year return of 99.0% and a year to date gain of 16.1%, even as the 7 day and 30 day returns show declines of 5.1% and 3.7% respectively.
• Recent headlines around Southern Copper have continued to focus on its position in the copper market and the broader interest in metals linked to electrification. This keeps attention on the stock even when short term returns soften. At the same time, investors are weighing this backdrop against valuation metrics to decide whether the strong 3 year and 5 year returns of 153.9% and 193.8% already reflect much of that story.
• Despite this performance, Southern Copper currently holds a valuation score of 0 out of 6. The next sections will walk through what different valuation methods say about the stock and then finish with a broader way to think about value that goes beyond the usual ratios.

Southern Copper scores just 0/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.

Approach 1: Southern Copper Discounted Cash Flow (DCF) Analysis

The Discounted Cash Flow model estimates what a company is worth by projecting its future cash flows and discounting them back to today, so you can compare that value to the current share price.

For Southern Copper, the 2 Stage Free Cash Flow to Equity model starts with last twelve months free cash flow of about $4.29b. Analysts provide free cash flow estimates for the next several years, and Simply Wall St extends these out further. For example, projected free cash flow for 2030 is $7.23b, with intermediate years between 2026 and 2035 ranging from about $4.87b to $8.36b before discounting.

After discounting these projected cash flows back to today, the model arrives at an estimated intrinsic value of about $140.98 per share. Compared with the recent share price of $171.18, this suggests the stock is around 21.4% overvalued on this DCF view.

Result: OVERVALUED

Our Discounted Cash Flow (DCF) analysis suggests Southern Copper may be overvalued by 21.4%. Discover 50 high quality undervalued stocks or create your own screener to find better value opportunities.

SCCO Discounted Cash Flow as at May 2026

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Southern Copper.

Approach 2: Southern Copper Price vs Earnings

For a profitable company like Southern Copper, the P/E ratio is a useful way to gauge how much you are paying for each dollar of current earnings. Investors generally accept a higher P/E when they expect stronger earnings growth or see lower risk, while slower growth or higher risk usually justifies a lower, more conservative P/E.

Southern Copper currently trades on a P/E of 28.48x. That sits above the Metals and Mining industry average of 22.15x and also above the broader peer average of 20.72x. To go a step further, Simply Wall St calculates a proprietary “Fair Ratio” of 26.86x for Southern Copper, which reflects factors such as its earnings growth profile, profit margins, industry, market cap and company specific risks.

This Fair Ratio aims to be more tailored than a simple comparison with peers or the industry because it adjusts for the company’s own fundamentals rather than treating all miners as identical. Against this 26.86x Fair Ratio, Southern Copper’s current 28.48x P/E looks somewhat elevated, suggesting the shares trade at a premium to what this model implies.

Result: OVERVALUED

NYSE:SCCO P/E Ratio as at May 2026

P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 17 top founder-led companies.

Upgrade Your Decision Making: Choose your Southern Copper Narrative

Earlier it was mentioned that there is an even better way to understand valuation. Narratives on Simply Wall St let you turn your view of Southern Copper into a clear story that connects assumptions about future revenue, earnings and margins to a forecast, a Fair Value and then a simple comparison with today’s price. This all happens inside the Community page used by millions of investors, with each Narrative updating automatically when fresh news or earnings arrive. For example, one investor might build a bullish Southern Copper Narrative closer to the higher fair value area around US$233.07 based on expectations for strong cash generation and a richer future P/E. Another might choose a more cautious Narrative nearer the low end around US$67.81 that leans on the risk of production headwinds and a lower future P/E. By seeing these side by side, you can quickly decide whether your own Fair Value says the current US$171.18 price looks high, low or about right for your next buy or sell decision.

For Southern Copper however we will make it really easy for you with previews of two leading Southern Copper Narratives:

Think of these as quick snapshots that show how different assumptions about growth, margins and risks can lead to very different ideas of fair value. Your job is to decide which version of the story feels closer to your own expectations.

🐂 Southern Copper Bull Case

Fair value: US$233.07

Gap to this fair value: shares are about 26.5% below this estimate using the current US$171.18 price.

Revenue growth used in the forecast: 13.45% a year.

• Assumes major growth projects and demand linked to electrification support higher volumes and help keep revenue and earnings expanding.
• Credits Southern Copper with a low cost position, firm margins and ESG work that could support stronger stakeholder support over time.
• Accepts a richer future P/E multiple to get to a higher fair value, while still flagging meaningful geopolitical, project execution and environmental risks.

🐻 Southern Copper Bear Case

Fair value: US$162.54

Gap to this fair value: shares sit about 5.3% above this estimate using the current US$171.18 price.

Revenue growth used in the forecast: 4.84% a year.

• Builds in steady but more moderate revenue and earnings growth, with some disagreement between analysts on how strong earnings might be.
• Assumes capital spending and cost pressures, plus issues such as tariffs and higher expenses, could weigh on margins compared with the most optimistic views.
• Uses a lower future P/E multiple than the bullish view and concludes that, on these inputs, the current share price already comes in above the central fair value estimate.

These two Narratives show how the same company can look either ahead of itself or with room to run depending on what you believe about future copper demand, project delivery and what P/E the market is willing to pay.

If you want to see how other investors are joining the dots between earnings forecasts, fair value and risks, and how they are updating their views as new news arrives, See what the community is saying about Southern Copper.

Do you think there’s more to the story for Southern Copper? Head over to our Community to see what others are saying!

NYSE:SCCO 1-Year Stock Price Chart

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include SCCO.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Southern Copper (SCCO) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +8.48%. A quarter ago, it was expected that this miner would post earnings of $1.46 per share when it actually produced earnings of $1.56, delivering a surprise of +6.85%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Southern Copper, which belongs to the Zacks Mining – Non Ferrous industry, posted revenues of $4.25 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.11%. This compares to year-ago revenues of $3.12 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Southern Copper shares have added about 18.8% since the beginning of the year versus the S&P 500's gain of 4.3%.

What's Next for Southern Copper?

While Southern Copper has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Southern Copper was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.60 on $3.89 billion in revenues for the coming quarter and $6.77 on $15.51 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining – Non Ferrous is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Energy Fuels (UUUU), is yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.

This uranium and vanadium miner and developer is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +76.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Energy Fuels' revenues are expected to be $33.25 million, up 96.8% from the year-ago quarter.

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Southern Copper Corporation (SCCO) : Free Stock Analysis Report

Energy Fuels Inc (UUUU) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Freeport-McMoRan Inc. (NYSE:FCX) is one of Goldman Sachs top gold stock picks. On April 24, analysts at Morgan Stanley downgraded Freeport-McMoRan Inc. (NYSE:FCX) to an Equalweight from Overweight. It also lowered its price target to $66 from $70.

Pixabay/Public Domain

The downgrade and price target cut come amid concerns that the long-term prospects for Freeport-McMoRan Grasberg Block Cave remain unchanged. In addition, the research firm expects a slow production ramp at the mine and higher costs to weigh on the stock. Therefore, the new price target accounts for depressed results due to the slower ramp-up in Indonesia.

Similarly, Freeport-McMoRan delivered robust first-quarter 2026 results driven by elevated gold and copper prices. It also achieved strong performance in its North American operations. The company posted net income attributed to common stock of $881 million or 61 cents a share. Revenue in the quarter was up 8.8% to $6.23 billion. The company sold 657 million pounds of copper, 121,000 ounces of gold, and 24 million pounds of molybdenum.

Freeport-McMoRan Inc. (NYSE:FCX) is a leading global mining company that operates the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold mines. As a major byproduct of its copper operations, the company is a top-tier gold producer, with expected annual output of roughly 900,000 to 1.3 million ounces of gold.

While we acknowledge the potential of FCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 11 Best TSX Stocks to Buy According to Hedge Funds and 8 Best Australian Stocks to Buy in 2026.

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• Freeport-McMoRan (NYSE:FCX) is drawing attention as copper demand linked to technology, especially satellite infrastructure, gains momentum.
• The anticipated SpaceX IPO is sharpening focus on how global connectivity projects could rely on copper intensive hardware.
• This shifts the narrative around NYSE:FCX toward potential exposure to next generation tech infrastructure rather than only traditional mining demand.

For you as an investor, the key point is that NYSE:FCX sits at the intersection of raw materials and expanding digital connectivity. Copper is a core input for power, data transmission, and complex electronics, which are central to satellite networks and related ground systems. As satellite constellations and tech heavy infrastructure buildouts progress, copper’s role in the supply chain is getting more attention.

This emerging link between copper and space based connectivity could influence how markets think about NYSE:FCX over time, not just as a miner but as a supplier to critical tech plumbing. It does not change the company’s core business, but it offers another lens for understanding where demand might come from and how tech sector activity could matter for a traditional commodity name.

Stay updated on the most important news stories for Freeport-McMoRan by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Freeport-McMoRan.

NYSE:FCX 1-Year Stock Price Chart

See which insiders are buying and buying and selling Freeport-McMoRan following this latest news.

Quick Assessment

• ✅ Price vs Analyst Target: At US$56.93 against a US$67.90 analyst target, the price sits about 16% below consensus.
• ✅ Simply Wall St Valuation: Shares are described as trading around 39.6% below an estimated fair value.
• ✅ Recent Momentum: The 30 day return of roughly 4.2% shows the price has been moving higher recently.

There is only one way to know the right time to buy, sell or hold Freeport-McMoRan. Head to Simply Wall St’s
company report for the latest analysis of Freeport-McMoRan’s Fair Value.

Key Considerations

• 📊 This tech driven copper demand angle ties NYSE:FCX to satellite and connectivity buildouts instead of only traditional industrial uses.
• 📊 Watch how copper price trends, capex plans in satellite infrastructure and NYSE:FCX’s P/E of about 30x versus the sector’s 21.8x evolve relative to this story.
• ⚠️ Recent significant insider selling has been flagged as a risk, which you may want to weigh against any excitement around tech related copper demand.

Dig Deeper

For the full picture including more risks and rewards, check out the
complete Freeport-McMoRan analysis. Alternatively, you can visit the
community page for Freeport-McMoRan to see how other investors believe this latest news will impact the company’s narrative.

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include FCX.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Freeport-McMoRan (FCX) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Shares of this mining company have returned -1% over the past month versus the Zacks S&P 500 composite's +12.2% change. The Zacks Mining – Non Ferrous industry, to which Freeport-McMoRan belongs, has gained 4.5% over this period. Now the key question is: Where could the stock be headed in the near term?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings Estimates

Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current quarter, Freeport-McMoRan is expected to post earnings of $0.57 per share, indicating a change of +5.6% from the year-ago quarter. The Zacks Consensus Estimate has changed -10.6% over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $2.51 points to a change of +41.8% from the prior year. Over the last 30 days, this estimate has changed -3.2%.

For the next fiscal year, the consensus earnings estimate of $3.39 indicates a change of +34.8% from what Freeport-McMoRan is expected to report a year ago. Over the past month, the estimate has changed +7.5%.

With an impressive externally audited track record, our proprietary stock rating tool — the Zacks Rank — is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Freeport-McMoRan.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth Forecast

While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

For Freeport-McMoRan, the consensus sales estimate for the current quarter of $6.66 billion indicates a year-over-year change of -12.1%. For the current and next fiscal years, $27.61 billion and $31.6 billion estimates indicate +6.6% and +14.4% changes, respectively.

Last Reported Results and Surprise History

Freeport-McMoRan reported revenues of $6.23 billion in the last reported quarter, representing a year-over-year change of +8.8%. EPS of $0.57 for the same period compares with $0.24 a year ago.

Compared to the Zacks Consensus Estimate of $5.61 billion, the reported revenues represent a surprise of +11.05%. The EPS surprise was +21.28%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.

Valuation

Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Freeport-McMoRan is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom Line

The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Freeport-McMoRan. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

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Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

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Zacks Investment Research

Freeport-McMoRan Inc. (NYSE:FCX) is one of the 15 Best Precious Metal Stocks to Buy According to Wall Street Analysts.

On April 24, 2026, UBS raised its price target on Freeport-McMoRan Inc. (NYSE:FCX) to $74 from $66 and maintained a Buy rating. Meanwhile, Morgan Stanley took a more cautious stance, downgrading Freeport-McMoRan Inc. (NYSE:FCX) to Equal Weight from Overweight while cutting its price target to $66 from $70. The firm said the long-term outlook for the Grasberg Mine remains intact, but a slower production ramp-up and temporarily higher costs are likely to weigh on shares in the near term. Morgan Stanley also lowered estimates to reflect reduced output from Indonesia and said the stock now offers a more balanced risk-reward profile.

On April 23, 2026, Jefferies lowered its price target on Freeport-McMoRan Inc. (NYSE:FCX) to $75 from $76 while maintaining a Buy rating. The firm updated its model to reflect changes to Grasberg guidance and estimated a negative $2.2 billion impact on net present value. Jefferies said recovery will take time, but still sees Freeport as a long-term way to gain exposure to rising copper prices.

Also on April 23, Freeport reported Q1 adjusted EPS of 57 cents, beating consensus estimates of 47 cents, while revenue rose to $6.23 billion from expectations of $5.96 billion. CEO Kathleen Quirk said the company delivered higher revenue, cash flow, and earnings despite reduced capacity in Indonesia and remains focused on safely restoring operations at Grasberg, improving efficiency across its Americas operations, and advancing its long-term growth pipeline.

Pixabay/Public Domain

Freeport-McMoRan Inc. (NYSE:FCX) mines copper, gold, molybdenum, silver, and other metals across North America, South America, and Indonesia.

While we acknowledge the potential of FCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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Centrus Energy Corp. (LEU) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 5. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus Estimate

This company is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents a year-over-year change of -55%.

Revenues are expected to be $74.05 million, up 1.3% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 11.52% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings Whisper

Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction) — has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Centrus Energy?

For Centrus Energy, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -19.79%.

On the other hand, the stock currently carries a Zacks Rank of #5.

So, this combination makes it difficult to conclusively predict that Centrus Energy will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Centrus Energy would post earnings of $1.42 per share when it actually produced earnings of $0.79, delivering a surprise of -44.37%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom Line

An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Centrus Energy doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected Results

Another stock from the Zacks Mining – Non Ferrous industry, Southern Copper (SCCO), is soon expected to post earnings of $1.77 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +48.7%. Revenues for the quarter are expected to be $4.26 billion, up 36.3% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Southern Copper has been revised 3.2% up to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Southern Copper will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Centrus Energy Corp. (LEU) : Free Stock Analysis Report

Southern Copper Corporation (SCCO) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Rio Tinto Group RIO and Southern Copper Corporation SCCO are major players in the Zacks Mining – Miscellaneous industry. Both companies are focused on the extraction of minerals, including copper, iron, zinc, etc. Rio Tinto is headquartered in the United Kingdom, while SCCO is based in Phoenix, AZ.Both companies are engaged in capital-intensive mining businesses that require long-term project development, regulatory approvals and hefty investment in infrastructure and technology. Let’s take a closer look at their fundamentals, growth prospects and challenges.

The Case for RIO

The company delivered solid growth in copper production in the first quarter of 2026. Per the production results, RIO’s consolidated copper output rose 9% year over year in the quarter. The results were supported by the solid ramp-up at the Oyu Tolgoi site and strong performance at the Kennecott mine.Rio Tinto Group continues to make progress across its project pipeline. The company achieved its first copper output at the Johnson Camp mine in Arizona in December 2025 using its proprietary Nuton technology. This milestone highlights Nuton’s ability to deliver cleaner, faster and more efficient copper recovery at a commercial scale.The Johnson Camp deployment includes the design and delivery of a heap leach technology package, targeting approximately 30,000 tons of refined copper over a four-year demonstration period. RIO plans to use Nuton technology to produce copper at this site with the lowest carbon emissions in the US.Also, the company is actively collaborating with U.S. customers to strengthen the domestic copper supply. In 2026, the company expects its copper production to be 800-870 kt. In the first quarter, RIO’s iron ore operations in the Pilbara facility showed improvement, with production rising 9% from the previous year. The aluminum production also delivered encouraging results. RIO’s aluminum output rose 1% in the quarter, on a year-over-year basis, as refinery and smelter operations improved.In April 2026, Rio Tinto installed a new alumina conveyor at its BC Works smelter in Kitimat. The 1.1-km sealed system will carry around 800,000 tonnes of alumina each year and will reduce emissions by 40%.In March 2026, Rio Tinto announced its plans to extract gallium from its alumina refining process in Quebec. After producing its first gallium with Indium Corp. in 2025, the company plans to build a pilot plant in Canada, which is expected to begin operations in 2027. The project has received conditional funding support from Natural Resources Canada and the Government of Québec. If scaled to commercial production, the facility could produce about 40 tons of gallium annually.Also, in January 2026, Rio Tinto and Aluminum Corporation of China Limited (Chalco) entered into a deal to acquire Votorantim’s controlling stake in Brazilian aluminium company CBA through a joint venture. The joint venture will be owned 33% by Rio Tinto and 67% by Chalco. The deal will help RIO to expand its green aluminium footprint and strengthen its supply chain.Several major growth projects of the company are progressing as well. In March 2026, Rio Tinto secured a $1.175 billion financing package from International Finance Corp., IDB Invest, Export Finance Australia and Japan Bank for International Cooperation to support the development of the $2.5 billion Rincon lithium project in Salta Province, Argentina. The project is expected to produce about 60,000 tons of battery-grade lithium carbonate annually, with first production expected in 2028 and a 40-year mine life.Despite the overall solid performance, the company has faced some challenges and certain headwinds in early 2026. Weather-related disruptions in March 2026 affected iron ore shipments. Planned maintenance activities at some copper mining projects temporarily reduced output, while cost pressures from inflation and higher sustaining capital spending impacted margins.

The Case for SCCO

Southern Copper plans to invest more than $20.5 billion this decade, with most of it focused on Peru as the country is the world’s second-largest copper producer. This includes investments in Tia Maria – Arequipa, Los Chancas – Apurimac and Michiquillay – Cajamarca projects in Peru. The company’s Tia Maria project, with an annual capacity of 120,000 tons of SX- EW copper cathodes, is expected to start in 2027. This project will use state-of-the-art SX-EW technology with the highest international environmental standards. Peru’s Los Chancas project is slated to add 130,000 tons of copper starting in 2031. This will be followed by Michiquillay in 2032 with an expected 225,000 tons of copper. Michiquillay is expected to become one of Peru's largest copper mines with an expected mine life of more than 25 years. In Mexico, the El Pilar project is expected to contribute around 36,000 tons of copper cathodes annually. Its operation is expected to start in 2028 and the facility will use highly cost-efficient and environmentally friendly SX-EW technology. By 2030, El Arco in Mexico is expected to become operational. It is a world-class copper deposit located in the central part of the Baja California peninsula with ore reserves of more than 1,230 million tons with an average ore grade of 0.40% and 141 million tons of leach material with an average ore grade of 0.27%. The project includes an open-pit mine with a combined 120 ktpd concentrator and 28 ktpy SX-EW operations. The company also has several projects in its pipeline in Mexico, such as Angangueo, Chalchihuites and the Empalme Smelter, which could solidify its position as a fully integrated copper producer.However, Southern Copper’s total operating costs rose 9% year over year in 2025 due to an increase in other costs of sales, including workers’ participation, repairing materials (mainly heavy equipment spare parts), inventory variance and exchange rate variance.Also, high labor costs, along with ongoing inflation for repair materials, operating materials, inventory consumption, operation contractors and services, will likely continue to weigh on SCCO’s margins.

How Does the Zacks Consensus Estimate Compare for RIO & SCCO?

The Zacks Consensus Estimate for RIO’s 2026 sales implies a year-over-year increase of 12.8%, while the same for earnings per share (EPS) indicates growth of 25.6%. The company’s EPS estimates have increased 3.9% over the past 60 days for 2026.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for SCCO’s 2026 sales and EPS implies year-over-year growth of 15.6% and 29.6%, respectively. The company’s EPS estimates for 2026 have increased 6.8% over the past 60 days.

Image Source: Zacks Investment Research

Price Performance and Valuation of RIO & SCCO

In the past six months, RIO’s shares have risen 38.3%, while SCCO stock has surged 30.4%. 

Image Source: Zacks Investment Research

Rio Tinto is trading at a forward 12-month price-to-earnings ratio of 2.04X while Southern Copper’s forward earnings multiple sits at 9.86X.

Image Source: Zacks Investment Research

Final Take

Rio Tinto and Southern Copper are well placed to capitalize on long-term growth in the copper market, backed by strong asset portfolios and expanding production pipelines. RIO’s near- to mid-term prospects are supported by increasing copper output, progress at the Nuton-driven Johnson Camp project and its diversified presence in iron ore and aluminum, while Southern Copper’s growth outlook is anchored in a solid pipeline of large-scale projects expected to come online over the next decade.However, Rio Tinto’s attractive valuation makes it a better pick for investors than Southern Copper currently. Also, RIO stock outperformed SCCO in the past six months, reflecting stronger investor confidence. Both companies currently have a Zacks Rank #3 (Hold).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Rio Tinto PLC (RIO) : Free Stock Analysis Report

Southern Copper Corporation (SCCO) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Southern Copper Corporation (NYSE:SCCO) is one of the 10 New Contenders for S&P 500 Index.

On April 15, 2026, Wells Fargo lowered its price target on Southern Copper Corporation (NYSE:SCCO) from $192 to $186. The firm’s analyst Timna Tanners kept an Equal Weight rating on the company’s stock. The update was part of the firm’s adjustments to the sector estimates, following elevated copper price forecasts driven by mine disruptions and rising costs.

Southern Copper Corporation (NYSE:SCCO) saw another adjustment to its price target this month. On April 23, 2026, Scotiabank raised the firm’s price target on Southern Copper (SCCO) to $133 from $125 while keeping an Underperform rating on the company’s stock. According to the firm’s analyst, Scotiabank increased its price-to-NAV multiple for the company’s Mexican open-pit assets. The research notes also told the investors that the firm maintains a cautious outlook, citing a lack of attractive upside to current valuation levels. Notably, Southern Copper Corporation (NYSE:SCCO) is the largest pure-play copper miner that is not yet part of the S&P 500 index.

Founded in 1952, Southern Copper Corporation (NYSE:SCCO) is one of the world’s largest integrated copper producers in the world. The Arizona-based company engages in the development, production, and exploration of copper, molybdenum, zinc, and silver.

While we acknowledge the potential of SCCO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: MLP Stocks List: 20 Largest MLPs and 10 High Growth Chemical Stocks to Buy.

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(L to R) Business Development Director (Latin America) Manfredo Manfredi, Co-Founder and CEO Gary Agnew, and Business Development Executive Juan Pablo Palacios represent Ideon Technologies in Santiago at the World Copper Conference in Santiago, April 2026.Ideon Technologies Business Development Director (Latin America) Manfredo Manfredi.

New Business Development Director Joins Team in Santiago

VANCOUVER, British Columbia, April 27, 2026–(BUSINESS WIRE)–Canadian subsurface intelligence leader Ideon Technologies today announced its official launch into the Chilean market, accelerating the company’s international growth and deepening its commitment to one of the world’s most strategically important mining regions.

With a proven record of deploying innovative, field-ready solutions for the world’s largest miners, Ideon is bringing the REVEAL™ Subsurface Intelligence Platform® to Chile to tackle the industry’s toughest subsurface decisions — faster. As the world’s largest copper producer, Chile is a leader in adopting advanced technologies that can drive sharper decisions in the face of rising complexity, deeper orebodies, and unrelenting productivity demands.

Ideon has partnered with companies including Rio Tinto, Freeport McMoRan, BHP, Glencore, and Vale Base Metals on programs spanning exploration, resource characterization, geotechnical engineering, cave mining, and heap leaching. "We build solutions that unlock faster, better decisions for our customers to be able to compress resource development times, improve recovery, and provide safer working environments," said Gary Agnew, Co-Founder and CEO at Ideon, speaking at the World Copper Conference in Santiago this month. "Chile is a global mining leader. We’re here to bring a new level of decision-grade subsurface intelligence to enable miner operators to solve the challenges that define the next decade."

To accelerate growth and execute its go-to-market strategy in Chile and across Latin America, Ideon has appointed Manfredo Manfredi as Business Development Director. Based in Santiago, Manfredo is a senior mining technology executive with more than 25 years of experience launching, scaling, and consulting for international deep-tech companies in the region, including LithologIQ, Envirosuite, Joy Global (Komatsu), Groundprobe, and Modular Mining Systems, among others.

"Chile accounts for approximately 21% of global copper reserves and 24% of total output," notes Manfredi. "Local mining investments are projected to exceed USD 104B by 2034, driven primarily by production expansion to meet rising global demand, it is critical that Chile leverage that investment to accelerate adoption of cutting-edge technology solutions. I look forward to supporting Ideon’s expansion in Latin America, helping mining companies scale up safely, efficiently, and sustainably."

The Ideon REVEAL™ Platform delivers subsurface intelligence end-to-end—combining proprietary, ruggedized hardware, integrated imaging systems, and AI-powered analysis. REVEAL uses naturally occurring sub-atomic particles called muons to see deep beneath the Earth’s surface and generate high-resolution, 3D and 4D subsurface models. The platform also includes patented multi-sensor fusion capabilities that streamline data collection and integration—so teams can move from uncertainty to decisions with speed and confidence.

The following Ideon REVEAL™ applications are available for activation in Chile:

• REVEAL™ for Caving: Continuously image and track cave propagation, air gaps, and material flow in block cave operations to optimize production, reduce risk, and improve operational predictability.
• REVEAL™ for Leaching: Rapidly optimize heap leach recovery by generating high-resolution 4D (time-lapse) density models that reveal fluid distribution within the pad, enabling more precise raffinate injection and improved metal extraction.
• REVEAL™ for Resources: Enhance orebody knowledge by accurately characterizing and delineating mineralization, accelerating resource-to-reserve conversion and improving mine planning.
• REVEAL™ for Geotech: Map and monitor subsurface structures and ground conditions to detect hazards, improve stability assessments, and enable safer mine design and operations.
• REVEAL™ for Exploration: Rapidly identify and prioritize mineral targets by generating high-resolution 3D density models that reduce reliance on extensive drilling and improve discovery confidence.

Learn more (in English or Spanish) at www.ideon.ai.

About Ideon Technologies (www.ideon.ai)

Ideon Technologies uses energy from supernova explosions to see deep beneath the Earth’s surface. Ideon is the global leader in subsurface intelligence, pioneering the development and adoption of cosmic-ray muon tomography for industrial markets. By turning geophysical data into reliable, multi-dimensional subsurface models, Ideon helps geologists identify, map, characterize, and monitor geological features with confidence. This reduces the risk, cost, and time associated with traditional methods—while improving returns and minimizing environmental impact across the mining value chain. Ideon’s work is helping accelerate the world’s shift to low-impact mining and transform how companies find the critical minerals required to power the clean-energy transition—improving lives and strengthening economic prosperity.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260427753554/en/

Contacts

Media Contact: Ideon Technologies: Kim Lawrence | Email: Klawrence@ideon.ai

Southern Copper Corporation (NYSE:SCCO) is included among the 10 Best May Dividend Stocks to Buy.

On April 23, Scotiabank analyst Alfonso Salazar raised the price recommendation on Southern Copper Corporation (NYSE:SCCO) to $133 from $125. It reiterated an Underperform rating. The firm said it increased its price-to-net-asset-value multiple for the company’s Mexican open-pit assets. Even with that change, the analyst noted there is still no clear upside at current levels.

On April 10, Goldman Sachs upgraded SCCO to Neutral from Sell and raised its price target to $178 from $142.79. The firm said the copper scarcity premium is “larger than ever,” pointing to expectations of tighter supply and demand over time. It added that Southern Copper, as one of the largest pure copper producers with long-life reserves in stable regions, should trade at a premium to peers. The analyst also said the company has “strong defensive positioning” during a downturn, supported by its low cost structure and relatively lower operating leverage.

Southern Copper Corporation (NYSE:SCCO) is an integrated copper producer. It produces copper, molybdenum, zinc, and silver. Its mining, smelting, and refining operations are based in Peru and Mexico, with exploration activities in those countries as well as Argentina and Chile.

While we acknowledge the potential of SCCO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Canadian Stocks with Highest Dividends and 10 Best Dividend Aristocrat Stocks to Buy in 2026

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Freeport-McMoRan Inc. (NYSE:FCX) is one of the 10 Best Stocks to Buy Before SpaceX IPO.

Freeport-McMoRan Inc. (NYSE:FCX) is set to benefit from the SpaceX IPO. As a copper miner, the company could come to the fore not just as a copper miner but as a tech infrastructure play, set to benefit from the increasing usage of copper in satellites, ground stations, and global connectivity.

The firm is already gaining traction on Wall Street, with Wells Fargo raising its price target on the shares from $64 to $77. This upward revision comes on the expected mining disruptions and higher costs, which could send the price of copper up because of limited supply.

Earlier this month, on April 2, Goldman Sachs also initiated coverage on the stock with a price target of $70. The firm believes higher profitability is on the cards for the mining company because of macro and geopolitical tailwinds, structural deficits in the copper market, and higher long-term commodity prices. The SpaceX IPO and rising copper demand from satellite infrastructure could provide another tailwind to the stock’s performance, which has added one-third of its market cap in the last month alone.

Image by Csaba Nagy from Pixabay

Freeport-McMoRan Inc. (NYSE:FCX) is engaged in mining mineral properties across Indonesia, North America, and South America. The company mainly explores for gold, silver, copper, molybdenum, and other metals. It was founded in 1987 and is based in Phoenix, Arizona.

While we acknowledge the potential of FCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

Teck Resources is the IBD Stock Of The Day after crushing earnings estimates on record copper sales and strong commodity prices.

On Friday, the copper stock flashed a bullish signal near a buy point at highs.

Copper demand is anticipated to rise sharply, driven by electric vehicles, artificial intelligence (AI) data centers and power grids. Teck is making a shift to an "energy transition" metals pure-play given this bullish backdrop. Some people call copper the new gold or next gold.

Last September, Canadian miner Teck Resources and London-listed Anglo American agreed to a merger of equals. Their combination would be the biggest mining M&A deal in more than a decade.

Copper Stocks Eye Buy Points

U.S.-listed shares of Teck Resources fell almost 1% in Friday's stock market action. The copper stock still managed to notch a 1.3% weekly gain. That put it below a 62.41 buy point from a cup base, according to MarketSurge charts.

Teck stock briefly broke out to a fresh high on Thursday, but closed below the entry.

The relative strength line is also hitting a high as the copper mining stock tries to break out. A blue dot at the end of the RS line on a weekly MarketSurge chart marks that bullish signal. A rising RS line, the blue line in the chart provided here, shows a stock is outperforming the S&P 500 index.

Teck stock joined the IBD Leaderboard at a half position on Thursday.

A 91 RS Rating means that shares outpaced 91% of all stocks in IBD's database over the past year.

In a busy earnings week for mining stocks, Southern Copper and Rio Tinto traded below buy points on Friday ahead of Southern Copper's expected report. Anglo American is likely to report next week, with shares also near a buy point. Rio Tinto next reports in July.

Freeport-McMoRan plunged below the 50-day line on lower guidance.

Several mining stocks currently earn a spot on both Leaderboard and the IBD 50 list of top growth stocks.

Teck Resources Earnings Crush Views, Sales Accelerate

The IBD Stock Checkup tool shows that TECK stock holds a superior Composite Rating of 94 out of 99. IBD's Composite Rating rolls various fundamental and technical metrics into one easy-to-use score.

On Wednesday, Teck Resources delivered first-quarter earnings of $1.28 per share, nearly tripling from the prior year and smashing estimates for 43 cents. Revenue surged 75% year over year and accelerated from a 14% gain the previous quarter.

The copper and zinc producer lapped easy year-ago comparisons. But Teck Resources management also tied strong results to "record quarterly copper sales, strong commodity prices, and disciplined execution."

The company maintained 2026 production guidance.

A slew of analysts hiked price targets on the copper stock after Q1 results, FactSet shows.

Copper Prices Jump, Demand Outlook Strong

Copper prices surged to records in January. Teck said the price of copper jumped 38% during Q1 and the price of zinc rose 14%.

The drivers included mine disruptions and a rise in U.S. copper inventories due to tariff uncertainty. They also got a boost from the global trends surrounding electrification and artificial intelligence.

Despite strong demand outlook, the supply of copper faces challenges. By 2035, the industrial metal may see a 30% supply deficit, according to the International Energy Agency.

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Market At Highs; Five Titans Lead Earnings Wave

Teck Resources TECK reported first-quarter 2026 adjusted earnings per share (EPS) of $1.28, beating the Zacks Consensus Estimate of 72 cents. The bottom-line figure marked a 207% year-over-year surge driven by record copper sales, higher prices and increased by-product revenues.

Including one-time items, the company reported EPS of $1.22 in the quarter compared with the year-ago quarter’s earnings of 51 cents.

Teck Resources Ltd Price, Consensus and EPS Surprise

Teck Resources Ltd price-consensus-eps-surprise-chart | Teck Resources Ltd Quote

TECK’s Revenues & Margins Climb on Higher Volumes & Prices

Teck Resources’ revenues rose 80% to $2.87 billion, beating the Zacks Consensus Estimate of $2.232 billion. The copper segment remained the key growth driver, accounting for roughly 74% of total revenues and posting a 92% year-over-year increase.

Gross profit rose 22% year over year to CAD$1.715 billion ($1.25 billion). Gross margin was 43.5% compared with the year-ago quarter’s 23.4%.Adjusted EBITDA was CAD$2.088 billion ($1.52 billion), which was up 92% compared with the year-earlier period, reflecting stronger realized pricing, higher volumes and increased by-product contribution. EBITDA margin expanded to 53% in the quarter under review from the year-ago quarter’s 40.5%. 

Teck Resources’ Q1 Segment Performances

The Copper segment’s reported revenues of CAD2.903 billion ($2.119 billion), up 125% year over year, are attributed to higher copper prices and record sales volumes. 

Copper production rose 32% to about 140,000 tons in the quarter, aided by improved output at QB, higher throughput and grades at Highland Valley Copper and improved grades at Antamina. Production at QB was 55,500 tons, a 31% increase from the last year quarter. Copper sales increased 46% to around 155,100 tons. QB delivered record quarterly copper sales of 70,300 tons, exceeding production as prior inventory was shipped. The copper segment’s gross profit surged 295% year over year to CAD$1.356 billion ($0.99 billion), backed by higher copper prices and volumes.

The Zinc segment’s net revenues rose 33% year over year to CAD$1.04 billion ($0.76 billion). The segment’s gross profit was CAD$359 million ($262 million), 86% higher than the last year quarter. Higher zinc prices and higher by-product revenues at both Red Dog and Trail operations were offset by lower zinc sales volumes from Red Dog due to the timing of sales.

Operationally, refined zinc production at Trail Operations rose 26.6% year over year to 73,800 tons as the zinc electrolytic plant ran at full capacity for most of the quarter. At Red Dog, zinc in concentrate production declined to 106,200 tons from 116,800 tons in the year-ago quarter on lower grades, consistent with the mine plan. Zinc in concentrate sales volumes at Red Dog was 42% lower on a year-over-year basis at 52,400 tons, but above the company’s expected range of 40,000-50,000 tons.

Teck Resources’ Cash Flow & Balance Sheet

Teck Resources generated CAD$1.024 billion ($0.75 billion) of cash from operating activities in 2025 against a use of C$0.515 billion ($0.376 billion) in the year-ago quarter. The improvement reflected higher profitability owing to improved commodity prices and copper sales volumes as well as lower smelter processing charges.

Due to the proposed merger with Anglo American plc, the company did not repurchase shares in the quarter.

The company ended the quarter with cash and cash equivalents of C$5.427 billion ($3.96 billion). As of April 22, 2026, management stated that liquidity was at C$9.8 billion ($7.15 billion), including C$5.7 billion ($4.16 billion) of cash. 

TECK Maintains Guidance for 2026

Teck Resources reaffirmed its 2026 outlook, with copper production expected at 455,000–530,000 tons. Zinc production is projected at 410,000–460,000 tons, with refined zinc at 190,000–230,000 tons. For the second quarter, Red Dog zinc sales are forecast at 30,000–40,000 tons.

Update on Pending TECK and Anglo American plc Merger

Teck Resources entered into a merger agreement with Anglo American plc to form the Anglo Teck group in September 2025. The combined entity, Anglo Teck, will derive more than 70% of its exposure from copper and rank among the top five global producers.

Within four years of completion, it is expected to yield around $800 million in annual pre-tax synergies. The merger is also expected to generate an additional $1.4 billion in EBITDA synergies from 2030 to 2049 by optimizing adjacent assets, Collahuasi and Quebrada Blanca, through operational integration. The transaction has so far received shareholder approval and clearance under Canada’s Investment Canada Act, with remaining regulatory approvals pending.

TECK Stock’s Price Performance & Zacks Rank

The company’s shares have gained 70.8% in the past year against the industry’s 57% decline.

Image Source: Zacks Investment Research

A Look at How Teck Resources’ Peer Performed in Q1

Freeport-McMoRan Inc. FCX recorded earnings of 57 cents per share for first-quarter 2026, marking a 138% increase from 24 cents in the year-ago quarter and surpassing the Zacks Consensus Estimate of 47 cents per share. Freeport-McMoRan’s revenues rose roughly 9% year over year to $6.23 billion. Higher prices for copper, gold and molybdenum helped offset the impact of lower volumes. The figure surpassed the consensus estimate of $5.61 billion.Copper production declined around 24% year over year to 662 million pounds in the reported quarter. The downside primarily resulted from lower operating rates at PTFI following the September 2025 mud rush incident. Sales declined around 25% year over year to 657 million pounds of copper. The company sold 121,000 ounces of gold, down around 6% year over year. FCX also sold 22 million pounds of molybdenum, a 5.5% dip year over year, in the reported quarter.

TECK’s Zacks Rank & Stocks to Consider

Teck Resources currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Better-ranked stocks from the basic materials space are Idaho Strategic Resources IDR and NWPX Infrastructure, Inc. NWPX, which sport a Zacks Rank #1 (Strong Buy) at present. 

Idaho Strategic Resources has an average trailing four-quarter earnings surprise of 60.5%. The Zacks Consensus Estimate for the company’s fiscal 2026 earnings is pegged at $1.33 per share, implying 16.7% year-over-year growth. Its shares have gained 151.4% in a year.

The Zacks Consensus Estimate for NWPX Infrastructure’s earnings for 2026 currently stands at $4.24, implying 18.1% year-over-year growth. NWPX Infrastructure has an average trailing four-quarter earnings surprise of 21.32%. NWPX shares have gained 98% in the past year. 

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• If you are wondering whether Freeport-McMoRan at around US$61.48 still offers value, the key question is how that price compares with what the business might be worth.
• The stock has been volatile recently, with a 10% decline over the last 7 days, an 8.9% gain over the last 30 days, and returns of 18.4% year to date and 65.3% over the last year.
• Recent headlines around Freeport-McMoRan have focused on its role as a major materials and copper producer, alongside broader market conversations about commodities and infrastructure demand. These themes help explain why sentiment around the stock has shifted at different points this year.
• Right now, Freeport-McMoRan scores a 2 out of 6 valuation check result. The sections that follow will walk through what that means using common valuation approaches, then finish with a broader way to think about the company’s value beyond just the headline metrics.

Freeport-McMoRan scores just 2/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.

Approach 1: Freeport-McMoRan Discounted Cash Flow (DCF) Analysis

A Discounted Cash Flow, or DCF, model looks at the cash Freeport-McMoRan could generate in the future and then discounts those projected cash flows back to today to estimate what the entire business might be worth in dollars.

For Freeport-McMoRan, the model used here is a 2 Stage Free Cash Flow to Equity approach. The latest twelve month Free Cash Flow is about $678.0 million. Analysts provide explicit Free Cash Flow estimates for the next few years, and Simply Wall St then extends those forecasts further out. Under this framework, projected Free Cash Flow for 2030 is $10.2b, with a path that runs through figures such as $4.6b in 2026 and $8.3b in 2027, all converted into today’s dollars using a discount rate.

Aggregating these discounted cash flows results in an estimated intrinsic value of about $95.24 per share, compared with the recent share price around $61.48. That implies the stock is 35.4% below this DCF estimate, which points to a material gap between price and the model’s valuation.

Result: UNDERVALUED

Our Discounted Cash Flow (DCF) analysis suggests Freeport-McMoRan is undervalued by 35.4%. Track this in your watchlist or portfolio, or discover 54 more high quality undervalued stocks.

FCX Discounted Cash Flow as at Apr 2026

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Freeport-McMoRan.

Approach 2: Freeport-McMoRan Price vs Earnings

For a profitable company, the P/E ratio is a useful way to think about what you are paying for each dollar of current earnings. Investors usually accept a higher P/E when they expect stronger growth or see the business as relatively resilient, and look for a lower P/E when growth expectations or perceived risk are less favorable.

Freeport-McMoRan currently trades on a P/E of 40.2x. That is above the Metals and Mining industry average of 22.3x and also higher than the peer group average of 26.6x. Simply Wall St’s Fair Ratio framework estimates that, given factors such as Freeport-McMoRan’s earnings profile, industry, margins, size and risk characteristics, a P/E of about 33.3x would be more in line with those fundamentals.

This Fair Ratio is designed to be more tailored than a simple comparison with industry or peers, because it adjusts for company specific attributes rather than assuming all miners deserve the same multiple. Compared with this Fair Ratio of 33.3x, the current 40.2x P/E sits meaningfully higher, suggesting the shares trade at a premium to what this model would indicate.

Result: OVERVALUED

NYSE:FCX P/E Ratio as at Apr 2026

P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 17 top founder-led companies.

Upgrade Your Decision Making: Choose your Freeport-McMoRan Narrative

Earlier it was mentioned that there is an even better way to understand valuation, and on Simply Wall St that starts with Narratives. These let you attach a clear story about Freeport-McMoRan to the hard numbers by setting your own view on future revenue, earnings and margins, then linking that story to a forecast and to a fair value that you can easily compare with the current price. This can help inform decisions about when to buy or sell, all within an accessible tool on the Community page that updates as new news or earnings arrive. For example, one investor might build a more cautious Freeport-McMoRan Narrative with revenue growing about 4.7% a year and earnings at roughly US$2.3b by 2028. Another might use a more optimistic Narrative with revenue growth near 17.7% and earnings around US$8.9b by 2029. The platform will translate each view into a different fair value that adjusts over time as fresh information comes in.

For Freeport-McMoRan however we will make it really easy for you with previews of two leading Freeport-McMoRan Narratives:

Each narrative applies a different set of assumptions to the same business, which gives you a clear range for what the shares might be worth and why. Use them as starting points, then adjust the inputs to match your own view on copper demand, margins and risk.

🐂 Freeport-McMoRan Bull Case

Fair value: US$81.00

Price vs this fair value: about 24.1% below the narrative fair value at the last close of US$61.48

Revenue growth assumption: 17.7% a year

• Frames Freeport-McMoRan as a key U.S. copper supplier with premium pricing, supported by energy transition and infrastructure demand.
• Assumes higher margins over time, helped by large scale assets, cost focused projects such as leaching technologies and an integrated global footprint.
• Highlights risks around regulation, environmental pressure, ore grades and permitting, but still arrives at a higher fair value based on stronger earnings and cash flow assumptions.

🐻 Freeport-McMoRan Bear Case

Fair value: US$44.08

Price vs this fair value: about 39.5% above the narrative fair value at the last close of US$61.48

Revenue growth assumption: 4% a year

• Focuses on the cyclicality of copper prices, an unstable dividend record and past share price performance as key watchpoints.
• Builds in solid but more moderate expectations for revenue and earnings growth by 2029, with earnings still closely tied to commodity cycles.
• Sees potential upside from themes like EVs, AI and green infrastructure, plus potential U.S. copper policy support, but applies a lower fair value to reflect these risks and more cautious growth inputs.

If you want to see the full range of views on Freeport-McMoRan and how other investors are modelling copper prices, margins and fair value, you can step through the wider set of community narratives and decide which story you think is closer to reality.

To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Freeport-McMoRan on Simply Wall St. Add the company to your watchlist or portfolio so you’ll be alerted when the story evolves.

Do you think there’s more to the story for Freeport-McMoRan? Head over to our Community to see what others are saying!

NYSE:FCX 1-Year Stock Price Chart

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include FCX.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

In the latest trading session, Southern Copper (SCCO) closed at $190.76, marking a -1.83% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.24% for the day. Meanwhile, the Dow experienced a drop of 0.01%, and the technology-dominated Nasdaq saw a decrease of 0.26%.

Shares of the miner witnessed a gain of 27.25% over the previous month, beating the performance of the Basic Materials sector with its gain of 6.38%, and the S&P 500's gain of 6.42%.

Investors will be eagerly watching for the performance of Southern Copper in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.77, marking a 48.74% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $4.26 billion, up 36.33% from the prior-year quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.79 per share and revenue of $15.51 billion, indicating changes of +29.58% and +15.6%, respectively, compared to the previous year.

Investors should also take note of any recent adjustments to analyst estimates for Southern Copper. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.31% higher. Southern Copper currently has a Zacks Rank of #3 (Hold).

In terms of valuation, Southern Copper is presently being traded at a Forward P/E ratio of 28.63. This expresses a premium compared to the average Forward P/E of 28.07 of its industry.

Investors should also note that SCCO has a PEG ratio of 1.96 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. SCCO's industry had an average PEG ratio of 1.51 as of yesterday's close.

The Mining – Non Ferrous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 156, placing it within the bottom 37% of over 250 industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

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• Millennium Management has significantly increased its position in Freeport-McMoRan (NYSE:FCX), making the miner a larger part of the hedge fund’s core holdings.
• The move highlights growing institutional use of Freeport-McMoRan as a proxy for copper and gold exposure linked to EVs, AI and renewable energy themes.
• This change in ownership structure adds a fresh angle beyond recent focus on valuation and short term sentiment around NYSE:FCX.

Freeport-McMoRan, trading at about $67.8 per share, has seen the stock rise 10.5% over the past week and 30.6% year to date. Over longer horizons, returns of 106.1% over 1 year and 90.0% over 5 years show how NYSE:FCX has already rewarded investors who stayed invested through different commodity and macro environments.

For retail investors, heavy hedge fund interest can indicate that professional money managers view Freeport-McMoRan as a key way to access copper and gold themes tied to EVs, AI and renewables. It does not guarantee any outcome, but it can influence how the market interprets the stock’s resilience and the types of investors likely to remain in the shareholder base over the medium term.

Stay updated on the most important news stories for Freeport-McMoRan by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Freeport-McMoRan.

NYSE:FCX 1-Year Stock Price Chart

See which insiders are buying and buying and selling Freeport-McMoRan following this latest news.

Quick Assessment

• ⚖️ Price vs Analyst Target: At US$67.80, Freeport-McMoRan trades almost in line with the US$67.83 analyst target.
• ✅ Simply Wall St Valuation: Shares are flagged as trading about 16.6% below the Simply Wall St fair value estimate.
• ✅ Recent Momentum: The stock has returned about 10.2% over the last 30 days.

There’s only one way to know the right time to buy, sell or hold Freeport-McMoRan. Head to the Simply Wall St
company report for the latest analysis of Freeport-McMoRan’s Fair Value.

Key Considerations

• 📊 Hedge fund accumulation reinforces Freeport-McMoRan’s role as a liquid way to gain copper and gold exposure linked to EV, AI and renewable themes.
• 📊 Watch how the P/E of about 44.4 versus the Metals and Mining average of roughly 22.8, and any shifts in analyst targets, respond to further institutional flows.
• ⚠️ Recent insider selling over the past 3 months is a flagged risk, so compare this with the hedge fund buying to understand who is on each side of the trade.

Dig Deeper

For the full picture including more risks and rewards, check out the
complete Freeport-McMoRan analysis. Alternatively, you can visit the
community page for Freeport-McMoRan to see how other investors believe this latest news will impact the company’s narrative.

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include FCX.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Freeport-McMoRan (FCX) ended the recent trading session at $67.80, demonstrating a +2.03% change from the preceding day's closing price. This change outpaced the S&P 500's 0.11% loss on the day. Meanwhile, the Dow experienced a drop of 0.56%, and the technology-dominated Nasdaq saw an increase of 0.35%.

Prior to today's trading, shares of the mining company had gained 12.23% outpaced the Basic Materials sector's gain of 0.68% and the S&P 500's gain of 0.51%.

Market participants will be closely following the financial results of Freeport-McMoRan in its upcoming release. The company plans to announce its earnings on April 23, 2026. In that report, analysts expect Freeport-McMoRan to post earnings of $0.48 per share. This would mark year-over-year growth of 100%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.61 billion, down 2% from the year-ago period.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.54 per share and a revenue of $27.82 billion, signifying shifts of +43.5% and +7.37%, respectively, from the last year.

Investors should also take note of any recent adjustments to analyst estimates for Freeport-McMoRan. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.43% lower within the past month. Freeport-McMoRan presently features a Zacks Rank of #3 (Hold).

Looking at valuation, Freeport-McMoRan is presently trading at a Forward P/E ratio of 26.19. This indicates a discount in contrast to its industry's Forward P/E of 27.41.

Also, we should mention that FCX has a PEG ratio of 0.78. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Mining – Non Ferrous industry was having an average PEG ratio of 1.44.

The Mining – Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 40% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

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• If you are wondering whether Freeport-McMoRan’s current share price still offers value, it helps to zoom out and look at what the recent moves and fundamentals are really pricing in.
• Freeport-McMoRan last closed at US$66.45, with total returns of 8.3% over 7 days, 6.5% over 30 days, 28.0% year to date and 114.9% over 1 year. This naturally raises questions about how much of the story is already reflected in the price.
• Recent news coverage has focused on Freeport-McMoRan’s role in key materials markets and how sentiment toward metals and mining names is feeding into trading activity. This backdrop helps frame why the stock’s recent performance looks the way it does and why valuation has become a central talking point.
• On Simply Wall St’s checklist, Freeport-McMoRan scores 1 out of 6 on undervaluation. The next step is to compare different valuation approaches, then finish by looking at a more holistic way to judge whether the price makes sense.

Freeport-McMoRan scores just 1/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.

Approach 1: Freeport-McMoRan Discounted Cash Flow (DCF) Analysis

A Discounted Cash Flow, or DCF, model takes the cash flows a company is expected to generate in the future and discounts them back to a single estimate of what those cash flows are worth in dollars today.

For Freeport-McMoRan, the model used is a 2 Stage Free Cash Flow to Equity approach. The latest reported free cash flow is about $678.0 million. Analysts provide explicit free cash flow estimates for the next few years, and Simply Wall St then extrapolates these further out. On this basis, projected free cash flow reaches $8.6b in 2030, with intermediate annual figures ranging from $3.7b to around $10.2b in the years between 2026 and 2030, all in dollar terms.

When these projected cash flows are discounted back, the DCF model arrives at an estimated intrinsic value of about $81.24 per share. Compared with the recent share price of $66.45, the model output suggests the stock is 18.2% undervalued according to this cash flow based approach.

Result: UNDERVALUED

Our Discounted Cash Flow (DCF) analysis suggests Freeport-McMoRan is undervalued by 18.2%. Track this in your watchlist or portfolio, or discover 62 more high quality undervalued stocks.

FCX Discounted Cash Flow as at Apr 2026

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Freeport-McMoRan.

Approach 2: Freeport-McMoRan Price vs Earnings

For profitable companies, the P/E ratio is a useful way to think about value because it links what you pay directly to the earnings the business is currently generating. You can also compare it easily across similar companies.

What counts as a “normal” P/E depends a lot on how quickly earnings are expected to grow and how risky those earnings appear. Higher expected growth and lower perceived risk usually justify a higher P/E, while slower growth or higher uncertainty tend to line up with a lower P/E.

Freeport-McMoRan currently trades on a P/E of 43.47x. That is above the Metals and Mining industry average of 22.52x and the peer group average of 28.81x, so on simple comparisons the shares look expensive relative to many peers.

Simply Wall St’s Fair Ratio is a proprietary estimate of what P/E might make sense given Freeport-McMoRan’s earnings profile, industry, profit margins, market cap and risk factors. Because it blends these elements into a single number, it can be more tailored than a basic peer or industry comparison. For Freeport-McMoRan, the Fair Ratio is 28.88x, which is below the current P/E of 43.47x, indicating that the shares look overvalued on this metric.

Result: OVERVALUED

NYSE:FCX P/E Ratio as at Apr 2026

P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 19 top founder-led companies.

Upgrade Your Decision Making: Choose your Freeport-McMoRan Narrative

Earlier it was mentioned that there is an even better way to think about valuation, and that is where Narratives come in, giving you a simple story for Freeport-McMoRan that connects your view of its future revenue, earnings and margins to a forecast and then to a Fair Value you can compare directly with today’s price.

A Narrative on Simply Wall St is your own structured perspective, where you set assumptions such as whether Freeport-McMoRan’s 5 year revenue ends up closer to about US$29.7b or US$36.7b, or earnings nearer US$2.3b or US$6.3b, and the platform turns that story into projected cash flows, a P/E assumption and an implied Fair Value.

Because Narratives on the Community page are used by millions of investors and update as new earnings, guidance or news arrives, they give you a living framework to decide whether Freeport-McMoRan looks expensive or cheap at its current share price based on the gap between Price and Fair Value rather than relying only on a single DCF or P/E snapshot.

For Freeport-McMoRan, we will make it really easy for you with previews of two leading Freeport-McMoRan Narratives:

🐂 Freeport-McMoRan Bull Case

Fair value in this bullish narrative: US$67.40 per share.

Implied pricing gap: about 1.4% undervalued versus the recent US$66.45 share price.

Revenue growth assumption: 11.26% per year.

• Focuses on copper exposure, the Indonesian smelter and U.S. operations, with analysts modeling revenue of US$35.7b and earnings of US$5.3b by 2029, plus a future P/E of 23.5x.
• Highlights potential upside from U.S. policy support, brownfield expansions and technology such as precision leaching, alongside a capital allocation framework that targets 50% of excess cash flow for dividends and buybacks.
• Flags key risks around Indonesia concentration, ore grades, regulation, policy-driven copper premiums and competition that could affect long term margins and cash generation.

🐻 Freeport-McMoRan Bear Case

Fair value in this cautious narrative: US$44.08 per share.

Implied pricing gap: about 50.8% overvalued versus the recent US$66.45 share price.

Revenue growth assumption: 4% per year.

• Points to an unstable dividend record, previous underperformance versus the industry and market, and a highly cyclical earnings profile that depends heavily on commodity prices.
• Still recognises key drivers such as global copper demand from EVs, AI and green infrastructure, supported by the Grasberg mine and large U.S. operations.
• Builds a more conservative case using revenue of roughly US$35b to US$38b and earnings of about US$3.5b to US$4.0b by 2029, which support a lower fair value estimate than the current share price.

If these previews help clarify how different assumptions lead to very different fair values, it is worth reviewing the full set of community views for context and then deciding which inputs line up best with your own expectations for Freeport-McMoRan.

Do you think there’s more to the story for Freeport-McMoRan? Head over to our Community to see what others are saying!

NYSE:FCX 1-Year Stock Price Chart

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include FCX.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

FEATURE

As hopes grow for an end to the war in Iran, commodity analysts at Jefferies suggest that investors pivot to companies that could benefit from a pullback in oil prices and a pickup in global economic activity if the cease-fire becomes permanent. The best way to play a potential peace trade? Copper miners.

Copper prices are highly correlated to economic activity. The metal is a key component in many industrial and consumer electronics goods. And copper wiring is a critical part of data centers, meaning that the metal is benefiting from the explosion in demand for artifcial-intelligence technology.

As such, the Jefferies analysts said in a report Thursday that they recommend “tiptoeing back” to copper—and top miners such as recent Barron’s stock pick 

Freeport-McMoRan
Anglo American
Teck Resources

and

First Quantum Minerals

Copper mining stocks have already rebounded after taking a hit in March due to concerns about the war.

Freeport-McMoRan

for example, is up nearly 15% in the past month and back near its highs for the year. But the Jefferies analysts still think there is more upside ahead.

“We would expect cyclical industrial metals to perform well ona path to peace. Copper had underperformed due to its demand being highly sensitive to changes in economic growth,” the Jefferies analysts said in the report, adding that the metal “should outperform if we have sustained de-escalation.”

“[Copper] is basically a binary outcome with risk now skewed to the upside once again,” the Jefferies analysts said. They think that copper prices, which are down slightly since the war began in late February, may not rebound immediately due to “elevated demand risk for the near-term,” but they added they are “bullish over a 6+ month horizon, and risk to our estimates is to the upside.”

Gold is another metal that could catch a bid if the economic picture improves, especially if the dollar strengthens a bit. Gold has been incredibly volatile as of late, pulling back after surging last year along with silver and some other precious metals.

The Jefferies analysts noted that gold, like copper, is a “peace” commodity that should benefit from a more stable backdrop for oil. Both commodities could do well compared with “war commodities” such as coal, aluminum and iron ore that have benefited from the recent turmoil in the Middle East.

Gold is a bit trickier than copper since it’s more of a speculative bet and is not tied to industrial demand the way that copper is. Even silver has more uses than gold, as a component in solar panels, medical devices and electric vehicles, for example.

That being said, gold may have taken too big a hit in the first quarter of this year. Gold strategists at

State Street

Investment Management said in a recent report that “the oil price shock may be a temporary gold market headwind…but could exacerbate structurally bullish tailwinds in the medium term.”

State Street said that as oil prices slide, worries about Fed rate hikes have diminished. That could mean that gold prices will start to climb again, especially if it regains its status as a haven investment in what are still uncertain times. The State Street strategists argue that gold, currently hovering around $4,800 an ounce, could climb back above $5,000 if oil prices fall to around $80 to $85 a barrel and stay there.

Another bullish sign for gold? State Street pointed out that China’s central bank has been buying the dip in the metal, adding that this activity “illustrates gold as a global asset, underpinned by regional supply/demand dynamics and not just Fed policy or US risk sentiment.”

If gold continues to rebound, that should bode well for top miners like

Newmont

another 2026 Barrron’s stock pick, as well. Newmont, like Freeport-McMoRan, has already started to make a comeback. Following a drop in early to mid March, the stock is up 6% in the past month.

So if you think that the war in Iran is nearing an end, keep an eye on copper, gold and the miners of those metals. They should continue to rally if there is more stability in the Middle East, especially if oil prices pull back further.

Write to Paul R. La Monica at paul.lamonica@barrons.com

Freeport-McMoRan Inc. (NYSE:FCX) is featured on the Israel Englander Stock Portfolio: Top 10 Stock Picks.

Freeport-McMoRan Inc. (NYSE:FCX) has been a staple in the 13F portfolio of Millennium Management for more than a decade and a half. The fund first disclosed a stake in the company back in the fourth quarter of 2010. This holding comprised 111,000 shares. In the coming years, it steadily increased, reaching nearly 8 million shares in early 2018. A trimming period followed and by late 2019, the position had been reduced to almost 270,000 shares. The fund then started buying the stock again. Filings for the fourth quarter of 2025 show that the fund owns nearly 16 million shares in the firm, up almost 30% compared to filings for the previous quarter.

Hedge fund interest in Freeport-McMoRan Inc. (NYSE:FCX) has increased in recent months as the firm offers exposure to two high-performing commodities simultaneously. As the world’s largest publicly traded copper producer, FCX is the primary vehicle for hedge funds to bet on the global electrification trend. In 2026, the demand narrative has shifted beyond just EVs to include the massive power requirements of AI data centers and grid-scale battery storage. Unlike pure-play copper miners, FCX’s Grasberg mine in Indonesia is a powerhouse for gold. Hedge funds are using FCX as a geopolitical hedge, as gold prices have remained strong amid global currency volatility.

While we acknowledge the potential of FCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 12 Best Stocks to Buy According to Billionaire David Abrams and 15 Best Stocks to Buy According to Billionaire Seth Klarman.

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Why Freeport-McMoRan is on investors’ radar today

Freeport-McMoRan (FCX) is back in focus after a recent stretch of strong stock performance, with total return over the past year sitting at 95.63% and month return at 7.62%.

For anyone tracking large materials names, that kind of move naturally raises questions about what is already reflected in the share price and how the company’s current fundamentals, including US$25.9b in revenue and US$2.2b in net income, line up with it.

See our latest analysis for Freeport-McMoRan.

The recent focus on Freeport-McMoRan comes after a 25.36% year to date share price return and a 95.63% total shareholder return over the past year, which suggests momentum has been building rather than fading around the current US$65.10 share price.

If you are looking beyond Freeport-McMoRan for other mining names with strong recent interest, this is a good moment to scan the market using our copper focused stock screener: 8 top copper producer stocks

With Freeport-McMoRan trading at US$65.10, alongside a value score of 1 and an estimated intrinsic discount of around 20%, the key question now is clear: is there still a buying opportunity here, or is the market already pricing in future growth?

Most Popular Narrative: 47.7% Overvalued

According to the most followed narrative on Simply Wall St, Freeport-McMoRan’s fair value sits at $44.08, well below the recent $65.10 share price, which puts that narrative firmly in the cautious camp.

Global demand for copper, especially from EVs, AI, and green infrastructure

Grasberg mine in Indonesia and large-scale U.S. operations (e.g., Morenci, Bagdad)

U.S. legislation may classify copper as a “critical mineral”, possibly introducing 10% tax credit

Read the complete narrative.

Want to see how this narrative gets to a higher earnings base and a richer future profit multiple using those assumptions on growth and margins? The full story links revenue, profitability and valuation into one tight copper focused model.

Result: Fair Value of $44.08 (OVERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, dividend uncertainty and sensitivity to copper prices could challenge this upbeat narrative if cash returns or earnings volatility start to worry the market.

Find out about the key risks to this Freeport-McMoRan narrative.

Another way to look at value

The user narrative focuses on earnings and a future profit multiple to describe Freeport-McMoRan as overvalued at a fair value of $44.08. Our DCF model presents a different view, with the shares at $65.10 trading about 19.7% below an $81.07 estimate, which indicates undervaluation instead. Which set of assumptions appears more realistic to you?

Look into how the SWS DCF model arrives at its fair value.

FCX Discounted Cash Flow as at Apr 2026

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Freeport-McMoRan for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 64 high quality undervalued stocks. If you save a screener we even alert you when new companies match – so you never miss a potential opportunity.

Next Steps

With sentiment split between overvaluation risks and DCF upside, this is a good time to move quickly, review the underlying data yourself, and weigh both sides of the story using our breakdown of 2 key rewards and 1 important warning sign.

Ready to hunt for more investment ideas?

If you stop at one stock, you risk missing others that may better fit your goals, risk profile, and income needs across different parts of the market.

• Target potential mispricing and focus your research on companies flagged as potentially cheap relative to quality using the 64 high quality undervalued stocks.
• Build more resilience into your portfolio by scanning companies highlighted in the 72 resilient stocks with low risk scores.
• Strengthen your core holdings by reviewing stocks featured in the solid balance sheet and fundamentals stocks screener (40 results).

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include FCX.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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• If you are wondering whether Southern Copper at around US$187 per share still offers value or if the easy money has already been made, this article breaks down what the current price might be implying about the stock.
• The stock shows a mixed near term picture, with a 5.2% gain over the last 7 days, a 1.8% decline over 30 days, and stronger returns of 26.9% year to date and 136.4% over 1 year.
• Recent coverage has focused on Southern Copper’s position in the copper market and how investors are weighing long-term demand themes against ongoing sector risks. This helps explain the sharp share price moves over the last few years. Ongoing interest in the stock keeps attention on whether the current valuation still aligns with those expectations.
• Despite those returns, Southern Copper currently scores 0 out of 6 on Simply Wall St’s valuation checks, as shown in its valuation score. Next, you will see how different valuation methods assess the stock and then finish with a more complete way to think about its value.

Southern Copper scores just 0/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.

Approach 1: Southern Copper Discounted Cash Flow (DCF) Analysis

A Discounted Cash Flow, or DCF, model estimates what a business might be worth by projecting its future cash flows and then discounting those back to today using a required rate of return.

For Southern Copper, the latest twelve month Free Cash Flow is about $3.45b. Using a 2 Stage Free Cash Flow to Equity model, analysts and Simply Wall St projections estimate Free Cash Flow rising to $7.23b in 2030, with a series of annual forecasts and extrapolated figures between 2026 and 2035.

When all those projected cash flows are discounted back and summed, the model arrives at an intrinsic value of about $167.90 per share. Compared with a current share price around $187, this implies the stock is roughly 11.5% above the DCF estimate, so on this measure the shares screen as overvalued rather than cheap.

Result: OVERVALUED

Our Discounted Cash Flow (DCF) analysis suggests Southern Copper may be overvalued by 11.5%. Discover 64 high quality undervalued stocks or create your own screener to find better value opportunities.

SCCO Discounted Cash Flow as at Apr 2026

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Southern Copper.

Approach 2: Southern Copper Price vs Earnings

For a profitable company like Southern Copper, the P/E ratio is a useful yardstick because it links what you pay per share to the earnings the business is currently generating. Investors usually accept a higher or lower P/E depending on what they expect for future earnings growth and how risky those earnings appear to be.

Southern Copper trades on a P/E of about 35.7x, compared with an average of 21.4x for the broader Metals and Mining industry and around 29.6x for its peer group. On simple comparisons, the shares sit at a premium to both the sector and peers.

Simply Wall St also uses a proprietary “Fair Ratio” to estimate what a more suitable P/E might be once factors such as earnings growth, industry, profit margins, market cap and risk profile are taken into account. This tends to be more tailored than a basic peer or industry comparison because it adjusts for company specific characteristics instead of assuming all miners deserve the same multiple.

For Southern Copper, the Fair Ratio is 27.1x, which is below the current 35.7x P/E. That gap suggests the shares may be pricing in stronger conditions than the Fair Ratio supports.

Result: OVERVALUED

NYSE:SCCO P/E Ratio as at Apr 2026

P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 19 top founder-led companies.

Upgrade Your Decision Making: Choose your Southern Copper Narrative

Earlier it was mentioned that there is an even better way to understand valuation. Narratives are introduced, which let you attach your own story about Southern Copper to the numbers by linking a view on its future revenue, earnings and margins to a financial forecast and then to a fair value that can be easily compared with the current share price on Simply Wall St’s Community page. On that page, Narratives update automatically as new news or earnings arrive. One investor might lean toward the higher US$235 fair value story built around production growth and richer future P/E assumptions, while another might align with the lower US$65.52 view that focuses on project delays, softer demand and a lower future multiple. This gives you a clear framework to decide how comfortable you are with the gap between your fair value and today’s market price.

For Southern Copper however we’ll make it really easy for you with previews of two leading Southern Copper Narratives:

🐂 Southern Copper Bull Case

Fair value in this bullish narrative: about US$233.07 per share.

Implied discount to that fair value at the last close of US$187.17: roughly 19.7% undervalued.

Revenue growth assumption used in this narrative: about 13.45% a year.

• This narrative focuses on major projects such as Tía María and Los Chancas, plus green technology demand and supply chain shifts, as key drivers for higher copper volumes and sales over time.
• It assumes Southern Copper can keep a very low cost base, improve margins and use ESG and community investment to support its operations and valuation.
• It builds in higher future earnings, expanding profit margins and a richer future P/E multiple, while acknowledging meaningful country, project and environmental risks that could challenge the thesis.

🐻 Southern Copper Bear Case

Fair value in this more cautious narrative: about US$153.27 per share.

Implied premium to that fair value at the last close of US$187.17: roughly 22.1% overvalued.

Revenue growth assumption used in this narrative: about 4.58% a year.

• This narrative emphasizes that Southern Copper has large growth projects and healthy margins, but that the current share price already bakes in a lot of that good news.
• It highlights risks around tariffs, higher operating costs, very large capex plans and social or operational disruptions that could pressure cash flow and returns.
• It uses a lower fair value and a future P/E that still sits above the wider US Metals and Mining industry, suggesting limited upside if expectations cool from current levels.

If you want to go beyond the previews and see how these assumptions translate into detailed earnings paths, risk scenarios and valuation ranges, you can read the full narratives side by side and decide which one, if either, lines up with your own expectations for Southern Copper.

Do you think there’s more to the story for Southern Copper? Head over to our Community to see what others are saying!

NYSE:SCCO 1-Year Stock Price Chart

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include SCCO.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Thursday, April 9, 2026The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Amazon.com, Inc. (AMZN), Walmart Inc. (WMT) and Oracle Corp. (ORCL), as well as two micro-cap stocks Spruce Power Holding Corp. (SPRU) and Sypris Solutions, Inc. (SYPR). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.You can see all of today’s research reports here >>>Ahead of Wall StreetThe daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempts to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.You can read today's AWS here >>> Pre-Markets Down on Big Morning for Econ Data

Today's Featured Research ReportsAmazon’s shares have outperformed the Zacks Internet – Commerce industry over the past year (+22.1% vs. +12.5%). The company’s international expansion and diversification across e-commerce, AWS cloud services, advertising, and streaming create multiple revenue streams while reducing concentration risk. For 1Q’26, Amazon guided revenue of $173.5-$178.5 billion and operating income of $16.5-$21.5 billion, with a $1 billion year-over-year cost increase from Amazon LEO satellites. AI integration across operations enhances personalization, logistics, and AWS offerings, strengthening competitive positioning. However, substantial capital expenditure requirements for AI infrastructure and data centers strain financial resources and compress margins. The company’s expanding debt burden reduces financial flexibility amid rising interest rates. Intensifying competition from Walmart, Microsoft Azure and Google Cloud is an overhang.(You can read the full research report on Amazon here >>>)Shares of Walmart have outperformed the Zacks Retail – Supermarkets industry over the past year (+41.7% vs. +39.7%). The company continues to strengthen its position as a leading omnichannel retailer, supported by its scale, price leadership and expanding digital ecosystem. Walmart is benefiting from consistent traffic gains, resilient demand and increasing contributions from higher-margin businesses such as advertising and membership. The company's integrated store and e-commerce model enables faster fulfillment, while ongoing investments in automation and technology are improving efficiency. Disciplined inventory management and a growing marketplace platform are also supporting better working capital and profitability. While Walmart remains well placed to drive steady sales and earnings growth, margin expansion could remain gradual due to continued investments, mix shifts toward essentials and external factors such as tariffs and macroeconomic uncertainty.(You can read the full research report on Walmart here >>>)Oracle’s shares have outperformed the Zacks Computer – Software industry over the past year (+8.4% vs. -5.2%). The company’s cloud infrastructure business demonstrates accelerating revenue growth, supported by strategic partnerships and competitive pricing that attract enterprise workload migrations. AI-optimized database capabilities provide technological differentiation, while robust free cash flow generation enables sustained infrastructure investments. The integrated solutions strategy strengthens customer retention and drives cross-selling opportunities. However, competition from hyperscalers remains intense, potentially pressuring margins. The ongoing transition from license revenue to subscription models creates near-term earnings volatility. Fiscal 2026 guidance indicates continued cloud acceleration, but execution risks around data center capacity expansion warrant monitoring. (You can read the full research report on Oracle here >>>)Shares of Spruce Power have gained +90.1% over the past year against the Zacks Electronics – Miscellaneous Products industry’s gain of +98%. This microcap company with a market capitalization of $73.22 million is demonstrating a meaningful inflection in profitability and cash flow, supported by revenue growth, positive operating income, and improving cash generation as its solar asset base matures. Margin expansion is being driven by structural cost reductions — particularly in O&M through vertical integration — and should continue as in-house servicing scales into larger markets. The company benefits from a highly visible, recurring revenue base (~84K systems, ~10-year remaining life), providing durable cash flows in a policy-supported residential solar market. However, risks remain elevated due to near-term refinancing needs, high leverage, and significant interest burden relative to revenue. Persistent net losses, a thin equity cushion, regulatory overhang, and sensitivity to policy and power pricing also constrain upside. The stock trades at a discount to peers on EV/sales and EV/EBITDA. (You can read the full research report on Spruce Power here >>>)Sypris Solutions’ shares have gained +45.8% over the past six months against the Zacks Electronics – Miscellaneous Services industry’s gain of +53.1%. This microcap company with a market capitalization of $72.54 million has seen its outlook improving, due to expected recovery in its Electronics segment, where backlog conversion and easing shipment delays should support higher volumes and margin expansion in 2026. A strong U.S. defense spending backdrop and recent program wins in aerospace, electronic warfare, and space systems enhance multi-year revenue visibility. Long-term, sole-source contracts further support pricing stability, customer stickiness, and predictable cash flows, while growing energy infrastructure products provide an additional diversification lever. However, liquidity is constrained due to continued losses and reliance on external financing. Financial performance weakened sharply in 2025, reflecting cost inefficiencies and volume pressure, while the Technologies segment remains exposed to cyclical truck demand. Valuation remains discounted compared to peers. (You can read the full research report on Sypris Solutions here >>>)Other noteworthy reports we are featuring today include Freeport-McMoRan Inc. (FCX), Lattice Semiconductor Corp. (LSCC) and Advanced Energy Industries, Inc. (AEIS).Mark VickerySenior EditorNote: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>

Today's Must Read

Amazon (AMZN) Rides on Prime and AWS Amid Rising Competition

Walmart (WMT) Gains From Advertising and Membership Businesses

Oracle (ORCL) Rides On Cloud Suite Adoption Amid Rising Competition

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Exploration Progress Aids Freeport (FCX), Weak Volumes AilPer the Zacks analyst, Freeport will gain from its progress in exploration activities to expand production capacity amid headwinds from weaker volumes due to the Grasberg mine incident.

Lattice (LSCC) Rides on Strength in Key Verticals, Macro TailwindsPer the Zacks analyst, strong AI server demand and higher FPGA content per system will likely drive Lattice's top line. The easing of geopolitical tensions in the Middle East is a positive.

Diverse Growth Initiatives Aid Acuity (AYI) Amid Weak Lighting DemandPer the Zacks analyst, Acuity is gaining from cost optimization efforts, innovation and acquisition contributions. However, weak lighting business and macro risks are concerning prospects.

Smart Investments and Consistent Customer Growth Aid IDACORP (IDA)Per the Zacks analyst, IDACORP will benefit from its ongoing capital investments aimed at improving infrastructure and system reliability. Steady customer growth will further boost its performance.

Landstar (LSTR) Rides on Heavy Haul Services Amid Weak Freight MarketPer the Zacks Analyst, Landstar's efforts to develop its heavy haul services and cross-border transportation with Mexico and reward shareholders are commendable. Weak freight market conditions hurt.

10x Genomics' (TXG) Strength in Consumables Offsets Demand WeaknessPer the Zacks Analyst, 10x Genomics' consumables-driven model supports recurring revenue, partly offsetting weak instrument demand, though funding uncertainty and profitability pressures persist.

Cabometyx Fuels Exelixis (EXEL), Stiff Competition a WoePer the Zacks analyst, Exelixis rides Cabometyx dominance in RCC and NETs while zanzalintinib emerges as a key catalyst, though rising competition and heavy reliance on its lead drug remain key risks.

New Upgrades

Data Center Growth Aids Advanced Energy (AEIS) ProspectsPer the Zacks Analyst, Advanced Energy benefits from strong demand in the data center computing market and customer adoption of its advanced semiconductor technologies like eVoS and eVerest platforms.

Matador's (MTDR) High-Quality Inventory in the Delaware Basin AidsPer the Zacks analyst, Matador Resources' high-quality inventory in the Delaware Basin is expected to support future drilling opportunities and expand its production potential.

Virtu Financial (VIRT) Gains from Market Making SegmentPer the Zacks Analyst, Virtu Financial's Market Making unit is well-poised for growth due to growing retail engagement. Higher commissions have been driving results at its Execution Services unit.

New Downgrades

Increasing Orders Aid Embraer (EMBJ) Amid Labor ShortagePer the Zacks analyst, Embraer is likely to benefit from increasing orders for its commercial aircrafts. Yet labor shortage result in delays and likely impact operating results.

Low Commodity Prices and Input Price Inflation Ail Lindsay (LNN)The Zacks analyst is concerned that input price inflation will hurt Lindsay's results in the near term. Low commodity prices will also act as a woe.

Rising SBC Expenses to Impede Robinhood Markets (HOOD) GrowthPer the Zacks analyst, significant share-based compensation will likely hinder Robinhood Markets bottom-line growth. Further, elevated regulatory expenses remain another concern.

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Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

Walmart Inc. (WMT) : Free Stock Analysis Report

Oracle Corporation (ORCL) : Free Stock Analysis Report

Lattice Semiconductor Corporation (LSCC) : Free Stock Analysis Report

Advanced Energy Industries, Inc. (AEIS) : Free Stock Analysis Report

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Spruce Power Holding Corporation (SPRU): Free Stock Analysis Report

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Freeport-McMoRan (FCX) closed the most recent trading day at $66.45, moving +2.07% from the previous trading session. This change outpaced the S&P 500's 0.62% gain on the day. Elsewhere, the Dow gained 0.58%, while the tech-heavy Nasdaq added 0.83%.

Shares of the mining company witnessed a gain of 5.78% over the previous month, beating the performance of the Basic Materials sector with its gain of 1.87%, and the S&P 500's gain of 0.8%.

Analysts and investors alike will be keeping a close eye on the performance of Freeport-McMoRan in its upcoming earnings disclosure. The company's earnings report is set to go public on April 23, 2026. In that report, analysts expect Freeport-McMoRan to post earnings of $0.48 per share. This would mark year-over-year growth of 100%. Alongside, our most recent consensus estimate is anticipating revenue of $5.61 billion, indicating a 2% downward movement from the same quarter last year.

For the full year, the Zacks Consensus Estimates project earnings of $2.53 per share and a revenue of $27.78 billion, demonstrating changes of +42.94% and +7.19%, respectively, from the preceding year.

Investors should also pay attention to any latest changes in analyst estimates for Freeport-McMoRan. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.54% lower. At present, Freeport-McMoRan boasts a Zacks Rank of #3 (Hold).

In terms of valuation, Freeport-McMoRan is currently trading at a Forward P/E ratio of 25.69. This valuation marks a discount compared to its industry average Forward P/E of 27.09.

Investors should also note that FCX has a PEG ratio of 0.77 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Mining – Non Ferrous industry was having an average PEG ratio of 1.45.

The Mining – Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 96, which puts it in the top 40% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

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