Southern Copper saw its stock price experience very little movement, increasing by just under 1% over the last month, during a period marked by heightened market volatility due to global trade tensions. While Southern Copper navigated this challenging market situation, major indexes like the Dow Jones and Nasdaq faced significant declines due to new tariffs announced by the Trump administration. Despite the broader market downturn, which saw significant losses in tech and manufacturing stocks, the company’s stock remained stable. This resilience against such a turbulent market backdrop highlights the steadiness of Southern Copper during these uncertain times.
NYSE:SCCO Earnings Per Share Growth as at Apr 2025
Over the last five years, Southern Copper’s total shareholder returns reached 256.17%, reflecting robust growth. This impressive performance is underscored by key developments such as the rapid ramp-up of the Buenavista Zinc concentrator, significantly enhancing zinc production, and the expansion of their Peruvian operations, contributing to record sales of US$11.43 billion in 2024. The company also improved net profit margins, from 24.5% to 29.5% between 2023 and 2024, supporting profitability.
Despite these accomplishments, Southern Copper underperformed the US Metals and Mining industry and the broader market over the past year, focusing investor attention on the challenges posed by regulatory risks and increasing operating costs. Yet, with initiatives like the Tia Maria and El Pilar projects aiming for long-term scalability, the company continues to pursue growth. The dividend policy, with a consistent quarterly cash dividend culminating in US$0.70 per share in early 2025, further highlights its commitment to returning value to shareholders.
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 NYSE:SCCO.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
The FTSE 100 (^FTSE), US and European stocks extended the previous day's losses on Friday, ending a week of bloodletting following US president Donald Trump's announcement of a global shakeup in how the US organises trade.
Trump said on Wednesday the US will place effective tariff rates at their highest level in more than 100 years. On Thursday, stocks saw their worst one-day sell off since 2020, wiping out around $2.5tn (£1.9tn).
The US president, speaking to reporters aboard Air Force One, said the rollout of his tariffs is "going very well", adding that he is open to "phenomenal" offers from countries to negotiate down the new rates.
On Thursday, the UK government published a list of products it could plan to slap retaliatory tariffs on, in a sign it's potentially prepared to take a tougher stance than it has. The latest US tariffs came out at 10% for UK imports to the US, a better result than the likes of the EU, which is negotiating a 20% increase.
Today, China announced it will retaliate with a 34% tariff for US imports.
Read more: Trending tickers: Apple, Nike, Starbucks, Best Buy and Restoration Hardware
The FTSE 100 (^FTSE) had fallen nearly 4.3% by the closing bell, bringing weekly losses to about 6.3%.
Top fallers in the index include banking stocks, asset managers and miners. Standard Chartered (STAN.L), Barclays (BARC.L), Natwest (NWG.L) and HSBC (HSBA.L) were all more than 2.9% lower. Glencore (GLEN.L), Antofagasta (ANTO.L) and Anglo American (AAL.L) also sat around the bottom of the index.
Germany's DAX (^GDAXI) lost 4.2%, while the CAC 40 (^FCHI) in Paris dropped 3.7%.
The pan-European STOXX 600 (^STOXX) dipped 4.7%.
The Dow Jones Industrial Average (^DJI) pulled back around 2.3%, or about 1,300 points. The S&P 500 (^GSPC) also sank about 3.8%, while the tech-heavy Nasdaq Composite (^IXIC) dropped 3.9%.
Economists are warning that with tariffs as-is, the risk of a US recession is rising. The monthly jobs report released on Friday showed a labour market that held steady ahead of Trump's biggest tariffs. The US added 228,000 jobs in March, beating estimates, though the unemployment rate ticked up to 4.2%.
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Chris Beauchamp, chief market Analyst at online trading platform IG, said:
“Today’s trading has had an air of panic about it, which may provide the fuel for a short-term bounce, but until the administration changes its tune on tariffs or gets its tax cut plans through such rallies are unlikely to go on too long. With the VIX at elevated levels, investors can continue to expect wild swings for the time being.”
Bellwether commodity copper is down around 5% today, dragging miners down with it.
Copper Plunges More Than 5%, Biggest Loss Since July 2022
— LiveSquawk (@LiveSquawk) April 4, 2025
Reuters reported:
The Finance Ministry said it would impose additional tariffs of 34% on all U.S. goods from April 10.
Beijing also announced controls on exports of medium and heavy rare-earths, including samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium to the United States, effective April 4.
“The purpose of the Chinese government’s implementation of export controls on relevant items in accordance with the law is to better safeguard national security and interests, and to fulfill international obligations such as non-proliferation,” the Commerce Ministry said in a statement.
It also added 11 entities to the “unreliable entity” list, which allows Beijing to take punitive actions against foreign entities.
Apple (AAPL) saw its market value plunge by more than $300bn on Thursday, making it one of Wall Street’s biggest casualties following Donald Trump’s latest tariff offensive.
Shares in the iPhone maker fell more than 9% by the close of trading in New York on Thursday, wiping out its market capitalisation, which dropped from $3.36tn to $3.05tn (£2.59tn to £2.35tn)— marking its largest one-day valuation loss on record. The stock rebounded slightly in pre-market trading, and it is currently hovering just above the flatline.
Trump’s tariff push targeted Apple’s (AAPL) key suppliers and manufacturing hubs across Asia, including China, Taiwan, India, and Vietnam, imposing hefty new tariffs on goods imported to the US. This move threatens to disrupt the production of nearly every Apple product, from iPhones to iPads, Macs, and accessories.
The bulk of Apple’s (AAPL) iPhones are manufactured in China, which has been slapped with a 54% tariff. If these tariffs remain in place, Apple faces a difficult decision: absorb the extra costs or pass them on to consumers.
The launch price of the cheapest iPhone 16 model in the US was set at $799. However, according to calculations from analysts at Rosenblatt Securities, the price could surge by up to 43%, potentially driving the cost of the phone to $1,142 if Apple is able to shift the burden onto customers.
For the higher-end iPhone 16 Pro Max, which boasts a 6.9-inch display and 1 terabyte of storage, the price could jump from its current retail price of $1,599 to as much as $2,300, should a 43% increase be passed down to consumers.
Some say that a large number of cranes on the horizon in any city is a good indicator of economic growth… a phenomenon which is currently eluding the UK’s construction sector, which saw its third month of declines in March, according to new S&P Global data.
The monthly PMI also clocked a reduced number of job openings and input cost inflation at its highest level for 26 months.
The index posted 46.4 in March, up from a 57-month low of 44.6 in February but still well below the neutral 50 threshold.
Sluggish demand conditions contributed to another marked deterioration in construction order books. Lower levels of incoming new work have been recorded throughout 2025 to date. Construction companies often noted a lack of sales enquiries and greater competition for new work, the release said.
Oil major BP’s chair Helge Lund will step down next year, the company said.
Lund, who has been at the helm since 2019, has faced calls by BP’s shareholders to overhaul the company’s strategy, including a board shakeup. Notorious hedge fund Elliott Management is among the chorus pushing for change.
“Having fundamentally reset our strategy, BP’s focus now is on delivering the strategy at pace, improving performance and growing shareholder value. Now is the right time to start the process to find my successor and enable an orderly and seamless handover,” said Lund.
“We are starting a comprehensive search to identify chair candidates with the credibility and relevant experience to lead the board and continue driving management’s safe execution of the reset strategy,” said Amanda Blanc, the boss of Aviva and a senior independent director at BP, who is leading the search for a replacement.
AJ Bell investment director Russ Mould said:
“Defensive stocks continued to buck the sell-off, with SSE, British American Tobacco and Diageo among the risers on the FTSE 100. You can see where people’s priorities lie – keeping the lights on, having a smoke and a pint of Guinness are simple pleasures when the world is falling apart.
“Tariffs add complexity to an already tricky situation for the UK. From Sunday, companies are likely to push up prices to offset extra employment-related costs linked to last October’s Budget. While firms will be acutely aware that consumers are already under enough financial pressure, most won’t be prepared to stomach lower profit margins so these costs will be passed on as much as possible. Sadly, job cuts also look inevitable.
“Against a backdrop of chaos, there was more news on takeovers and IPOs. Investment trust consolidation has been on overdrive over the past 12 months and that trend was firmly intact despite the market sell-off. Fidelity Japan Trust said it wasn’t interested in being gobbled up by AVI Japan Opportunity Trust. The two trusts might invest in the same part of the world but their styles are very different. AVI takes an activist approach whereas Fidelity has a growth at a reasonable price style.
“Quantum Base certainly picked the wrong week for its UK stock market debut, but at least the IPO wasn’t yesterday. The quantum science company enjoyed a small bounce as its shares began trading.”
Pedro Goncalves writes:
Shares of footwear and sports apparel giant Nike plunged more than 14% on Thursday following Trump’s announcement of sweeping tariffs on trading partners, erasing $13.9bn in market value.
Starting 5 April, all imports will face a baseline tariff of 10%. On 9 April, an additional rate will be applied to goods from about 60 countries. China, in particular, will see a 34% reciprocal tariff on top of the existing 20% tariff, bringing the total to 54%. Vietnam will face a 46% tariff, while Indonesia will see a 32% duty.
Nike’s supply chain is heavily dependent on these countries. Factories in Vietnam, Indonesia and China produce approximately 50%, 27%, and 18% of Nike Brand footwear, respectively. Additionally, about 28%, 16%, and 15% of Nike Brand apparel is manufactured in Vietnam, China and Cambodia, respectively.
“What president Trump presented … was a little bit more aggressive than what I think many people were hoping,” Telsey Advisory Group’s Joe Feldman told Yahoo Finance. Many retail companies “thought they were off the hook for a while because they didn’t have a lot of exposure to China, or not a lot to Canada, Mexico … [they’re] clearly rethinking everything right now”.
Vicky McKeever writes:
Gold prices dipped on Friday morning, as investors weighed the developments around trade tariffs.
Gold futures (GC=F) fell 0.1% to $3,118.20 per ounce at the time of writing, while the spot price declined 0.4% to $3,102.82 an ounce.
Pete Walden, managing director of BullionByPost, the UK’s largest online bullion dealer, said: “Ordinarily, this kind of uncertainty would support a rally in gold. After all, gold is traditionally seen as the ultimate safe haven asset — a store of value when other investments falter.”
“In extreme market downturns, gold can sometimes fall alongside equities — not because it’s lost its appeal, but because investors need to raise cash quickly,” he said. “Many are forced to sell hard assets like gold to meet margin calls on stock positions.
“We saw this clearly in early 2020, during the initial stages of the COVID-19 pandemic, when gold prices dropped sharply as markets crashed,” Walden added. “But that dip was short-lived. Once the immediate need for cash eased, gold rebounded rapidly and went on to reach record highs, reaffirming its role as a long-term safe haven.”
JP Morgan is ramping up its bets for the chances of a global recession, increasing its prediction from 40% to 60%.
On Wednesday, Trump imposed a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries.
“Disruptive US policies has been recognized as the biggest risk to the global outlook all year,” J.P. Morgan strategists, led by Bruce Kasman, said in a note on Thursday, adding that US trade policy has turned less business-friendly than anticipated.
“The effect of this tax hike is likely to be magnified through retaliation, a slide in US business sentiment, and supply chain disruptions,” Kasman said.
Other Wall Street brokerages, including Barclays and Deutsche Bank, also warned that the U.S. economy faces a higher risk of slipping into a recession this year if Trump’s new levies remain in place.
The pound is struggling against the dollar this morning, dipping 0.7% to the $1.30 mark following a rally earlier in the week.
Currency pairings are fragile against the dollar today following the tariff impositions.
The dollar index (DX-Y.NYB), which tracks the greenback against a basket of currencies was also 0.4% higher.
Investors are increasing their bets on interest rate cuts by major central banks in an effort to stave off a potential global recession.
On Thursday, investors piled on more expectations for a rate cut by the BoE, driven by concerns over the damage to trade and economic growth caused by Trump’s tariff decision
Futures markets suggest a reduction of approximately 60 basis points (bps) to the BoE’s benchmark Bank Rate by December.
This marks an increase from the 54 bps expected just a day earlier, effectively pricing in two quarter-point rate cuts. The likelihood of a rate cut in early May has also risen, now standing at 77%.
At present, UK interest rates sit at 4.5%. However, the central bank has been cautious about further cuts, citing growing global trade uncertainty as one of the reasons it refrained from reducing rates last month.
Losses on the stock market have led to billionaires taking a total $208bn financial hit, according to Bloomberg, with Tesla (TSLA) founder Elon Musk’s book $11bn lower, Meta’s (META) Mark Zuckerberg down $17.9bn and Amazon (AMZN) CEO Jeff Bezos down $15.9bn.
The figures come from Bloomberg’s Billionaire index.
The government published a long list of products the UK exports to the US that could be considered for higher levies, including:
Livestock such as horses and cows
Various meats
Drinks, including whiskey
Furniture
Toys
Boats and boat parts
Cars and car parts
Bicycles
Minerals and oils
US stock futures dipped after President Trump’s announcement of broad reciprocal tariffs sent markets into a tailspin.
Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq Composite (NQ=F) fell 0.2%.
Here’s what was announced by the way of higher duties:
12:43
Hello from London. There’s been chaos in the markets overnight as traders grapple with the potential economic impacts of tariffs.
Otherwise there’s not much on the slate today in the way pf economic releases other than UK construction PMI releases and US jobs data.
Let’s get to it.
Show more updates
Download the Yahoo Finance app, available for Apple and Android.
We recently published a list of the 10 Best Copper Stocks to Buy According to Wall Street Analysts. In this article, we are going to take a look at where Southern Copper Corporation (NYSE:SCCO) stands against other best copper stocks to buy according to Wall Street analysts.
The U.S. stock market has changed rapidly since the new president took control of the Oval Office. In the list of commodities that are recently surfacing as standout performers in the market, copper holds a significant place. The commodity has captured the attention of investors across the globe. According to The Wall Street Journal, by the end of March 2025, the U.S. copper future saw a 26% increase, reaching $5.02 per pound. The extraordinary growth, in addition to surpassing global prices, has set unprecedented records in the industry.
The recent tariff implementations from the U.S. administration stand among the heavy contributors to this surge. The U.S. president has recently announced a series of tariff increases, targeting the major trading partners of the U.S. Accordingly, the EU imports will be charged a 20% tariff. Chinese goods have the most impact at a 34% tariff. Similarly, a minimum 10% hike is imposed on all imports globally. Because of these measures, the average tariff rate has risen to 23%, the highest in over a century. The WSJ calls it the most significant shift in the United States’s approach to global trade.
READ ALSO: Why These Energy Stocks are Gaining This Week.
These new tariffs affect the import and export of various goods in the U.S. concerning copper. A rush has been noted to import the commodity into the U.S. before the new import tax rates take effect. This influx has resulted in a notable rise in physical deliveries, causing domestic copper prices to surge.
Income-seeking investors in the market, however, need to look past these immediate market reactions and focus on the long-term outlook for copper. Even in the long run, the value of copper remains robust. An article by CNBC noted that the world’s leading mining companies anticipate a 70% growth in the global demand for copper by 2050. The surge is expected to be driven by the adoption of copper-intensive technologies, such as renewable energy systems and electric vehicles. With constant growth in several customers shifting to renewable energy-based technologies, such an increase in demand for the commodity is inevitable.
On the other hand, the industry will likely face significant challenges in meeting this rise in demand. The mining industry, for instance, faces constraints like declining ore grades and the need for substantial capital investments to develop new projects. Owing to these factors, the growth in supply and the industry’s ability to sustain high copper prices in the future could take a hit.
Even so, copper stocks remain attractive, and investors are increasingly looking towards adding them to their portfolios to give them a diverse touch. The immediate price surges due to trade policies and the potential for long-term demand position the copper sector as a compelling investment avenue. But with this said, investors may be wondering what the best copper stock to buy today is.
Our Methodology
We followed a few criteria when putting together our list of best copper stocks for investors. Primarily, we considered only those copper stocks with an upside potential of 10%. The criteria were placed to present our interested investors with stocks with the prospect of significant capital appreciation. A substantial rise in the price of stocks often correlates with substantial profits for investors. Hence, we ranked our list based on this upside potential. We have also considered only those stocks followed by hedge funds listed in Insider Monkey’s Q4 2024 database. It ensures the institutional interests in the stocks.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Is Southern Copper Corporation (SCCO) the Best Copper Stock to Buy According to Wall Street Analysts?
A large open-pit mining site, its machinery providing a long-term supply of copper.
Southern Copper Corporation (NYSE:SCCO)
Number of Hedge Fund Holders: 33
Upside potential: 11.07%
Southern Copper Corporation (NYSE:SCCO) is a major integrated copper producer headquartered in Arizona, U.S. The company has mining, smelting, and refining operations in Peru, Mexico, Argentina, Ecuador, and Chile. The company focuses on producing Copper, along with molybdenum, zinc, and silver. With one of the largest copper reserves globally and low production costs, SCCO serves construction, electronics, and industrial clients worldwide. Southern Copper Corporation differentiates itself from its competitors in the market through vertical integration and high-margin operations.
The fourth quarter earnings results indicated that Southern Copper Corporation (NYSE:SCCO)’s EPS missed the estimates but only slightly by $0.01. On the other hand, the 74% surge from the year-ago quarter suggests the company’s sales are moving in an upward direction. In addition to achieving a 5.4% increase in copper sales volume, the company also recorded a 59.4% year-over-year growth in zinc sales. Guidance for 2025 revealed a production of 967,000 tons of Copper in 2025, aligning with the performance during 2024.
With 33 hedge funds from the Insider Monkey database currently invested, Southern Copper Corporation (NYSE:SCCO) gains moderate institutional interest. Its upside potential of 11.07% is low compared to other entries in our list of best copper stocks, suggesting a relatively conservative growth outlook from Wall Street analysts.
Overall, SCCO ranks 10th on our list of best copper stocks to buy according to Wall Street analysts. While we acknowledge the potential for SCCO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SCCO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
We recently published a list of the 10 Best Copper Stocks to Buy According to Wall Street Analysts. In this article, we are going to take a look at where Freeport-McMoRan Inc. (NYSE:FCX) stands against other best copper stocks to buy according to Wall Street analysts.
The U.S. stock market has changed rapidly since the new president took control of the Oval Office. In the list of commodities that are recently surfacing as standout performers in the market, copper holds a significant place. The commodity has captured the attention of investors across the globe. According to The Wall Street Journal, by the end of March 2025, the U.S. copper future saw a 26% increase, reaching $5.02 per pound. The extraordinary growth, in addition to surpassing global prices, has set unprecedented records in the industry.
The recent tariff implementations from the U.S. administration stand among the heavy contributors to this surge. The U.S. president has recently announced a series of tariff increases, targeting the major trading partners of the U.S. Accordingly, the EU imports will be charged a 20% tariff. Chinese goods have the most impact at a 34% tariff. Similarly, a minimum 10% hike is imposed on all imports globally. Because of these measures, the average tariff rate has risen to 23%, the highest in over a century. The WSJ calls it the most significant shift in the United States’s approach to global trade.
READ ALSO: Why These Energy Stocks are Gaining This Week.
These new tariffs affect the import and export of various goods in the U.S. concerning copper. A rush has been noted to import the commodity into the U.S. before the new import tax rates take effect. This influx has resulted in a notable rise in physical deliveries, causing domestic copper prices to surge.
Income-seeking investors in the market, however, need to look past these immediate market reactions and focus on the long-term outlook for copper. Even in the long run, the value of copper remains robust. An article by CNBC noted that the world’s leading mining companies anticipate a 70% growth in the global demand for copper by 2050. The surge is expected to be driven by the adoption of copper-intensive technologies, such as renewable energy systems and electric vehicles. With constant growth in several customers shifting to renewable energy-based technologies, such an increase in demand for the commodity is inevitable.
On the other hand, the industry will likely face significant challenges in meeting this rise in demand. The mining industry, for instance, faces constraints like declining ore grades and the need for substantial capital investments to develop new projects. Owing to these factors, the growth in supply and the industry’s ability to sustain high copper prices in the future could take a hit.
Even so, copper stocks remain attractive, and investors are increasingly looking towards adding them to their portfolios to give them a diverse touch. The immediate price surges due to trade policies and the potential for long-term demand position the copper sector as a compelling investment avenue. But with this said, investors may be wondering what the best copper stock to buy today is.
Our Methodology
We followed a few criteria when putting together our list of best copper stocks for investors. Primarily, we considered only those copper stocks with an upside potential of 10%. The criteria were placed to present our interested investors with stocks with the prospect of significant capital appreciation. A substantial rise in the price of stocks often correlates with substantial profits for investors. Hence, we ranked our list based on this upside potential. We have also considered only those stocks followed by hedge funds listed in Insider Monkey’s Q4 2024 database. It ensures the institutional interests in the stocks.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Is Freeport-McMoRan Inc. (FCX) the Best Copper Stock to Buy According to Wall Street Analysts?
A large open-pit copper mine with heavy machinery extracting minerals from the earth.
Freeport-McMoRan Inc. (NYSE:FCX)
Number of Hedge Fund Holders: 88
Upside potential: 46.49%
Arizona-based company, Freeport-McMoRan Inc. (NYSE:FCX) is a leading international miner primarily extracting copper, gold, and molybdenum. The company’s key assets include the Grasberg mine in Indonesia. Large-scale operations are also being conducted in North and South America. The company is known for its extensive reserves and strategic geographic presence, which allows it to serve significant sectors like construction and energy across the globe and survive in the market against competitors like Rio Tinto and Southern Copper.
Freeport-McMoRan Inc. (NYSE:FCX) achieved a 14% increase in 2024, bringing its EBITDA to $10 billion. By scaling the leach opportunity, the company’s 2025 company guidance targets a run rate of 300 million pounds by the end of 2025. The company is also advancing several organic growth projects that are expected to gain value for its stocks in the upcoming years. This includes the brownfield expansions in the U.S. and South America. These instances have garnered a positive outlook for the company in 2025.
With 88 hedge funds from the Insider Monkey database holding stakes in the company at the end of Q4 2024, the level of institutional interest remains strong. The company has an upside potential of 46.49%, thus gaining a position in the list of best copper stocks for investors to purchase.
Overall, FCX ranks 5th on our list of best copper stocks to buy according to Wall Street analysts. While we acknowledge the potential for FCX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FCX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
(Bloomberg) — Copper prices plunged below $9,000 a ton in the biggest drop since March 2020 as worries over the impact of a worsening trade war sparked a heavy selloff in metals and mining equities.
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The bellwether metal fell 6.3% to settle at $8,780 a ton in London on Friday, as losses accelerated across the industrial metals markets following Thursday’s heavy selloff. Copper traded on New York’s Comex also tumbled, on course for the biggest two-day decline since 2011. Nickel on the London Metal Exchange plunged to the lowest price since 2020.
The declines came after China’s official Xinhua News Agency reported that Beijing will retaliate with a 34% tariff on all imports from the US starting April 10. Major mining companies also plunged, with Freeport-McMoRan Inc. and Teck Resources Ltd. losing more than 10%.
It’s a whipsawing reversal for copper traders, who have up until now been mainly focused on the bullish supply-side impacts of a worldwide push to ship copper to the US before targeted levies on the metal are imposed. But with Trump’s trade barriers on all incoming goods now coming into force, the attention is shifting quickly to the consequences for demand in the US and beyond.
“While we remain structurally bullish copper in the long run, weaker global GDP and copper demand growth risk delaying the deficit we expect to see in the market this year,” Goldman Sachs Group Inc. said in a report.
LME copper fell more than 10% this week, its biggest slide since the start of the pandemic in March 2020. Comex copper was down 8.6% to $4.412 a pound at 1 pm in New York.
Aluminum fell for a 12th straight day, while nickel slumped 6.2% to settle at $14,758 a ton, the lowest since October 2020. Tin also plunged, wiping out a weekly gain driven by concerns about supply disruptions. Chinese markets were closed Friday for a public holiday.
–With assistance from Atul Prakash.
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We recently published a list of 10 Stocks Everyone is Talking About After Trump’s New Tariffs. In this article, we are going to take a look at where Freeport-McMoRan Inc (NYSE:FCX) stands against other stocks everyone is talking about after Trump’s new tariffs.
Countries are beginning to react to President Donald Trump’s new reciprocal tariffs and analysts believe things might not go according to the White House’s expectations, with American workers and consumers likely to see the impact of new duties.
Fred Kempe from Atlantic Council said in a latest program on CNBC that many countries can impose strong retaliatory tariffs against the US.
“I think we have to recognize what’s going to be implemented is going to be the highest effective tariff rate since the 1930s. What also happened in the 1930s is you had new trading blocks, you had new trading partners finding their way to each other, and you could find that that happens as well. And let’s not forget what also happened in the 1930s afterwards. We hope that’s not going to happen now, but, um, you know, a trade war just really never serves, in the end, global stability, global peace.”
Kempe said investors failed to realize that Trump does not “care” about falling stock prices as he is looking to change the global trade system.
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In
For this article, we picked 10 stocks Wall Street analysts are talking about. With each stock, we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Jim Cramer Says ‘Go Buy’ Freeport-McMoRan Inc (FCX) Amid Tariff ‘Tailwind’ and AI Data Center Catalyst
A large open-pit copper mine with heavy machinery extracting minerals from the earth.
Freeport-McMoRan Inc (NYSE:FCX)
Number of Hedge Fund Investors: 74
Jim Cramer in a latest program on CNBC said he’s bullish on Freeport-McMoRan Inc (NYSE:FCX) and talked about a potential demand driver for the mining company.
“There’s a JPMorgan piece out upgrading to overweight. Now, what’s important, David, is let’s say you believe in tariffs. Let’s say that everything is going wrong and you don’t like the president, or you love the president—it doesn’t matter. Freeport could have a 400 to 450 million EBITDA tailwind from tariffs. So, let’s say you’re like, “Woo, tariffs go buy some FCX.” And by the way, Jensen Huang is saying that copper is the dominant metal that goes into the data centers. It’s not in the report. The report mostly talks about, yes, Chinese stimulus, because a lot of the—almost the majority of copper is used in China. But I really like the call. The stock’s not that expensive. Go buy it.”
Diamond Hill Large Cap Concentrated Fund stated the following regarding Freeport-McMoRan Inc. (NYSE:FCX) in its Q4 2024 investor letter:
“Among our bottom individual contributors in Q4 were HCA Healthcare and Freeport-McMoRan Inc. (NYSE:FCX). Copper-focused mining company Freeport-McMoRan faced declining copper prices amid a generally challenging macroeconomic environment, including a strong US dollar, ongoing US-China trade tensions, the potential for increased tariffs under President-elect Trump’s administration and general post-election uncertainty.”
Overall, FCX ranks 6th on our list of best mid cap growth stocks. While we acknowledge the potential of FCX, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FCX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
VANCOUVER, BC, April 4, 2025 /CNW/ – Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or "the Company") announces that the Company intends to complete a non-brokered financing (the "Financing") for a total of up to $550,000 involving the sale of flow-through shares (the "FT Shares") and non-flow-through units (the "NFT Units").
The flow-through funding will consist of up to 6,250,000 FT Shares, priced at $0.04 per FT Share for gross proceeds of up to $250,000 and the non-flow-through funding will consist of up to 15,000,000 NFT Units, priced at $0.02 per NFT Unit for gross proceeds of up to $300,000. Each NFT Unit will consist of one common share plus one-half non-transferable share purchase warrant (a "Warrant"). Each whole Warrant is exercisable to purchase one additional common share of the Company (the "Warrant Share") at $0.05 for a period of two years from the date of closing.
The Warrants are subject to an accelerated expiry date, which comes into effect when the trading price on the TSX Venture Exchange of the Company's common shares closes at or above $0.10 per share for a period of 10 consecutive trading days commencing four months plus one day after the date of closing. In such event, the Company may, at its option, accelerate the expiry date of the Warrants by issuing a press release (the "Notice") to the Warrant holders and in such case, the expiry date of the Warrants will be 30 days from the date of the Notice.
The FT Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act"). The gross proceeds raised from the sale of the FT Share will be used by Rokmaster to incur "Canadian exploration expenses" (within the meaning of the Tax Act). Rokmaster will use funds raised from the sale of the NFT Units on non-flow-through eligible project expenses as well as for general working capital purposes. The Company reserves the right to accept additional funds, subject to regulatory approval, should the Financing be oversubscribed.
Directors and officers of the Company may acquire securities under the Financing, which participation would be considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.
The Financing is subject to TSX Venture Exchange approval and all securities issued pursuant to the Financing will be subject to a four-month and one day hold period from the closing date and are not being offered or registered in the United States.
For more information please contact:John Mirko, President & CEO of Rokmaster Resources Corp., jmirko@rokmaster.com Ph. +1 (604) 290-4647 or by website: www.rokmaster.com
For shareholder information please contact:Mike Kordysz, mkordysz@rokmaster.com, Ph. +1 (604) 319-3171
On Behalf of the Board of Directors ofRokmaster Resources Corp.John Mirko,President & Chief Executive Officer.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term in defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: completing the Financing; risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future vents or results or otherwise.
SOURCE Rokmaster Resources Corp.
Cision
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We recently published a list of the 10 Best Copper Stocks to Buy According to Wall Street Analysts. In this article, we are going to take a look at where BHP Group Limited (NYSE:BHP) stands against other best copper stocks to buy according to Wall Street analysts.
The U.S. stock market has changed rapidly since the new president took control of the Oval Office. In the list of commodities that are recently surfacing as standout performers in the market, copper holds a significant place. The commodity has captured the attention of investors across the globe. According to The Wall Street Journal, by the end of March 2025, the U.S. copper future saw a 26% increase, reaching $5.02 per pound. The extraordinary growth, in addition to surpassing global prices, has set unprecedented records in the industry.
The recent tariff implementations from the U.S. administration stand among the heavy contributors to this surge. The U.S. president has recently announced a series of tariff increases, targeting the major trading partners of the U.S. Accordingly, the EU imports will be charged a 20% tariff. Chinese goods have the most impact at a 34% tariff. Similarly, a minimum 10% hike is imposed on all imports globally. Because of these measures, the average tariff rate has risen to 23%, the highest in over a century. The WSJ calls it the most significant shift in the United States’s approach to global trade.
READ ALSO: Why These Energy Stocks are Gaining This Week.
These new tariffs affect the import and export of various goods in the U.S. concerning copper. A rush has been noted to import the commodity into the U.S. before the new import tax rates take effect. This influx has resulted in a notable rise in physical deliveries, causing domestic copper prices to surge.
Income-seeking investors in the market, however, need to look past these immediate market reactions and focus on the long-term outlook for copper. Even in the long run, the value of copper remains robust. An article by CNBC noted that the world’s leading mining companies anticipate a 70% growth in the global demand for copper by 2050. The surge is expected to be driven by the adoption of copper-intensive technologies, such as renewable energy systems and electric vehicles. With constant growth in several customers shifting to renewable energy-based technologies, such an increase in demand for the commodity is inevitable.
On the other hand, the industry will likely face significant challenges in meeting this rise in demand. The mining industry, for instance, faces constraints like declining ore grades and the need for substantial capital investments to develop new projects. Owing to these factors, the growth in supply and the industry’s ability to sustain high copper prices in the future could take a hit.
Even so, copper stocks remain attractive, and investors are increasingly looking towards adding them to their portfolios to give them a diverse touch. The immediate price surges due to trade policies and the potential for long-term demand position the copper sector as a compelling investment avenue. But with this said, investors may be wondering what the best copper stock to buy today is.
Our Methodology
We followed a few criteria when putting together our list of best copper stocks for investors. Primarily, we considered only those copper stocks with an upside potential of 10%. The criteria were placed to present our interested investors with stocks with the prospect of significant capital appreciation. A substantial rise in the price of stocks often correlates with substantial profits for investors. Hence, we ranked our list based on this upside potential. We have also considered only those stocks followed by hedge funds listed in Insider Monkey’s Q4 2024 database. It ensures the institutional interests in the stocks.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Is BHP Group Limited (BHP) the Best Copper Stock to Buy According to Wall Street Analysts?
An aerial view of a mining operation in action, with large trucks and yellow diggers.
BHP Group Limited (NYSE:BHP)
Number of Hedge Fund Holders: 28
Upside potential: 13.12%
One of the world’s largest mining companies, BHP Group Limited (NYSE:BHP) operates from its headquarters in Melbourne, Victoria, Australia. The company is among the largest iron ore, Copper, nickel, and metallurgical coal producers. BHP serves global infrastructure, technology, and energy markets, with significant operations in Australia, the Americas, and beyond. Access to vast resources and high free cash flow allows the company to enjoy economies of scale. As one of the top-performing copper stocks, the company leverages its capital discipline to drive long-term value.
BHP Group Limited (NYSE:BHP) has seen a strong operational and financial performance since the beginning of the 2025 financial year, achieving an underlying EBITDA of $12.4 billion. The company continues to lay its focus on operational excellence and capital discipline. Significant advancements in copper projects have led to a 10% growth in copper production, contributing to a 24% growth over three years. With its Escondido Mine performing better in the first half of 2025, the company aims to elevate its positive outlook among shareholders by increasing copper production to between 1,845 and 2,045 kt.
BHP Group Limited (NYSE:BHP) is held by 28 hedge funds, as per the Insider Monkey Q4 2024 database, indicating relatively lower institutional participation than some other companies here. However, the upside potential of 13.12% points to near-term share price expansion in the future for interested investors.
Overall, BHP ranks 9th on our list of best copper stocks to buy according to Wall Street analysts. While we acknowledge the potential for BHP as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BHP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
In the wake of recent market turbulence sparked by President Trump’s announcement of sweeping tariffs, major U.S. stock indexes have experienced significant declines, with the S&P 500 and Nasdaq Composite enduring some of their worst days since 2020. Amid this volatility, small-cap stocks within the S&P 600 are drawing attention as investors seek opportunities that may be less impacted by international trade tensions and more focused on domestic growth potential. In such an environment, identifying small-cap companies with strong fundamentals and insider activity can offer insights into potential resilience and value in a challenging economic landscape.
Top 10 Undervalued Small Caps With Insider Buying In The United States
|
Name |
PE |
PS |
Discount to Fair Value |
Value Rating |
|---|---|---|---|---|
|
S&T Bancorp |
10.1x |
3.5x |
46.12% |
★★★★★★ |
|
Shore Bancshares |
9.5x |
2.1x |
16.02% |
★★★★★☆ |
|
MVB Financial |
10.5x |
1.4x |
38.42% |
★★★★★☆ |
|
Thryv Holdings |
NA |
0.6x |
29.20% |
★★★★★☆ |
|
PDF Solutions |
167.5x |
3.8x |
25.10% |
★★★★☆☆ |
|
Citizens & Northern |
11.5x |
2.8x |
49.69% |
★★★☆☆☆ |
|
Union Bankshares |
14.7x |
2.7x |
48.44% |
★★★☆☆☆ |
|
Franklin Financial Services |
14.0x |
2.2x |
38.11% |
★★★☆☆☆ |
|
Delek US Holdings |
NA |
0.1x |
-190.66% |
★★★☆☆☆ |
|
Titan Machinery |
NA |
0.1x |
-281.40% |
★★★☆☆☆ |
Let’s take a closer look at a couple of our picks from the screened companies.
Simply Wall St Value Rating: ★★★☆☆☆
Overview: Citizens & Northern operates as a community banking institution with a market cap of approximately $0.36 billion, focusing on providing financial services primarily through its community banking segment.
Operations: The company’s revenue primarily comes from community banking, with recent figures showing $106.13 million. Operating expenses are significant, reaching $74.26 million in the latest period, with general and administrative expenses accounting for $60.35 million of that total. The net income margin has shown variability, most recently recorded at 24.26%.
PE: 11.5x
Citizens & Northern, a smaller player in the financial sector, showcases potential for growth with earnings projected to rise 8.6% annually. Despite a low allowance for bad loans at 84%, insider confidence is evident through recent share purchases. The company reported increased net income of US$8.17 million for Q4 2024, doubling from US$4.26 million the previous year, alongside steady dividends and no recent share buybacks completed by December 2024.
NasdaqCM:CZNC Share price vs Value as at Apr 2025CompX International
Simply Wall St Value Rating: ★★★☆☆☆
Overview: CompX International is a company that manufactures security products and marine components, with a market cap of approximately $0.25 billion.
Operations: CompX International generates revenue primarily from its Security Products segment, contributing $115.24 million, and Marine Components segment, contributing $30.70 million. The company’s cost of goods sold (COGS) significantly impacts its gross profit margin, which has shown variability over time with a recent figure of 28.34%.
PE: 15.1x
CompX International, a smaller player in its industry, has seen insider confidence with recent share purchases. Despite a dip in sales to US$145.94 million from US$161.29 million and net income dropping to US$16.59 million for 2024, the company maintains regular dividends at US$0.30 per share, reflecting stability amidst challenges. With external borrowing as its sole funding source, potential investors should weigh this risk against the company’s consistent dividend payouts and ongoing insider interest.
NYSEAM:CIX Share price vs Value as at Apr 2025Compass Minerals International
Simply Wall St Value Rating: ★★★★☆☆
Overview: Compass Minerals International operates in the production and distribution of salt and plant nutrition products, with a market capitalization of approximately $1.37 billion.
Operations: The company generates revenue primarily from its Salt and Plant Nutrition segments, with the Salt segment contributing significantly more. Over recent periods, the gross profit margin has shown a declining trend, reaching 14.61% in late 2024. Operating expenses have fluctuated but generally remained substantial compared to gross profit figures.
PE: -2.5x
Compass Minerals, a smaller US company, is navigating financial challenges with strategic initiatives aimed at enhancing profitability in its core Salt and Plant Nutrition sectors. Recent cost-cutting measures include downsizing over 10% of the corporate workforce and winding down its fire retardant business. Despite a net loss of US$23.6 million for Q1 2025, this was an improvement from the previous year’s larger deficit. The company anticipates growth with earnings forecasted to rise by 63.77% annually, suggesting potential value for investors seeking opportunities in smaller market players amidst insider confidence reflected through share purchases earlier this year.
NYSE:CMP Ownership Breakdown as at Apr 2025Summing It All Up
Discover the full array of 77 Undervalued US Small Caps With Insider Buying right here.
Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St’s portfolio to get a 360-degree view on how they’re shaping up.
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Explore high-performing small cap companies that haven’t yet garnered significant analyst attention.
Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
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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 NasdaqCM:CZNC NYSEAM:CIX and NYSE:CMP.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
Halifax, Nova Scotia–(Newsfile Corp. – April 4, 2025) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company"), acknowledges the recent joint announcement by China's Ministry of Commerce and the General Administration of Customs regarding export restrictions on critical rare earth elements effective April 4, 2025.
As reported by multiple news sources, the export restrictions, applicable to all countries, include seven key medium and heavy rare earth elements, including samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium.
China's decision to implement these export controls underscores the critical importance of establishing a secure and independent rare earth supply chain in North America. Ucore remains steadfast in its commitment to mitigating supply chain vulnerabilities through the development and commercialization of its proprietary RapidSX™ rare earth element refining technology.
Ucore's Strategic Initiatives:
U.S. Department of Defense Collaboration: Ucore is currently processing heavy rare earth elements at its RapidSX™ Commercial Demonstration Plant (the "Demonstration Plant") further to its USD$4 million contract with the US Department of Defense. The Demonstration Plant was constructed in Kingston, Ontario for the purpose of demonstrating the RapidSX™ technology at commercial scale.
Louisiana Strategic Metals Complex (SMC): Ucore is progressing with the development of the Louisiana SMC in Alexandria, Louisiana. This facility is being designed to process broad both heavy and light mixed rare earth chemical concentrates, thereby reducing North America's reliance on foreign sources.
Government Support: Ucore has additionally secured a $4.28 million funding agreement from the Government of Canada to demonstrate the commercial efficacy of the RapidSX™ technology. This funding supports the production of high-purity rare earth elements from Canadian and U.S. feedstock sources. In addition to federal government support, the Company has executed a non-binding Letter of Intent with the State of Louisiana with respect to State grants, tax incentives, payroll rebates and other incentives with an estimated value of USD$15 million.
On March 20, 2025, President Trump invoked wartime powers under the Defense Production Act to address threats to America's national and economic security as a result of reliance on "hostile foreign powers' mineral production" (see Ucore Press Ucore Applauds White House Executive Action to Strengthen Critical Mineral Production – Ucore Rare Metals Inc.). The Executive Order outlines a number of initiatives to "facilitate domestic mineral production to the maximum extent possible" and is aimed at the production of a number of critical minerals, including rare earth elements. Ucore looks forward to continuing its work the US Department of Defense in developing a North American supply chain for these critical materials.
Pat Ryan, P.Eng., Chairman and CEO of Ucore, stated: "China's recent announcement highlights the urgent need for a robust and independent rare earth supply chain in North America. Ucore's RapidSX™ technology offers a transformative solution to this challenge, and we are committed to advancing our strategic initiatives to ensure a stable and secure supply of critical rare earth elements."
# # #
About Ucore Rare Metals Inc.
Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.
Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term establishment of a heavy and light rare-earth processing facility in the U.S. State of Louisiana, subsequent Strategic Metal Complexes in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA.
Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."
For further information, please visit www.ucore.com.
Forward-Looking Statements
This press release includes certain statements that may be deemed "forward-looking statements." All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. The details of the legislation by which tariffs are implemented can potentially impact the effectiveness of the protections afforded by Foreign Trade Zones. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements.
Regarding any disclosure in the press release above about the US Department of Defense or the Government of Canada Programs and the expected successful progress and resulting milestone payments from these Programs, the Company has assumed that the Programs (including each of their milestones) will be completed satisfactorily. For additional risks and uncertainties regarding the Company, the CDF, the Demo Plant and ongoing Programs (generally), see the risk disclosure in the Company's MD&A for Q3-2023 (filed on SEDAR on November 20, 2023) (www.sedarplus.ca) as well as the risks described below.
Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future Strategic Metals Complexes ("SMCs"). Ucore has also assumed that sufficient external funding will be found to complete the Demo Plant demonstration schedule and also later prepare a new National Instrument 43-101 ("NI 43-101") technical report that demonstrates that the Bokan Mountain Rare Earth Element project ("Bokan") is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority ("AIDEA") regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.
Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.
CONTACTS
Mr. Michael Schrider, P.E., Ucore Vice President and Chief Operating Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214.
For additional information, please contact:
Mark MacDonaldVice President, Investor RelationsUcore Rare Metals Inc.1.902.482.5214mark@ucore.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247345
2025 Updated Mineral Resource Estimate for 100% Owned Luanga Project
VANCOUVER, BC, April 3, 2025 /CNW/ – Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), ("Bravo" or the "Company") is pleased to announce that it has filed an independent technical report (the "Technical Report") prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") in respect of the updated mineral resource estimate for the Company's 100% owned Luanga palladium + platinum + rhodium + gold + nickel deposit ("Luanga deposit" or "Luanga PGM+Au+Ni deposit"), located in the Carajás Mineral Province, state of Pará, Brazil.
Bravo Mining Corp. logo (CNW Group/Bravo Mining Corp.)
The Technical Report, titled "NI 43-101 Independent Technical Report, Luanga PGM + Au + Ni Project Pará State, Brazil", is dated February 18, 2025, with an issue date of April 2, 2025, and was prepared for the Company by Porfírio Cabaleiro Rodriguez, BSc, FAIG and Bernardo Viana, BSc Geology, FAIG (each of whom is an independent qualified person within the meaning of such term under NI 43-101) of GE21 Consultoria Mineral.
The Technical Report can be found under the Company's issuer profile on SEDAR+ (www.sedarplus.ca) and also on its website (www.bravomining.com).
About Bravo Mining Corp.
Bravo is a Canadian and Brazil-based mineral exploration and development company focused on advancing its PGM+Au+Ni Luanga Project, as well as our Cu-Au +/- Ni exploration opportunities in the world-class Carajás Mineral Province, Para State, Brazil.
Bravo is one of the most experienced explorers in Carajás. The team, comprising of local and international geologists, has a proven track record of PGM, nickel, and copper discoveries in the region. They have successfully taken a past IOCG greenfield project from discovery to development and production in the Carajás.
The Luanga Project is situated on mature freehold farming land and benefits from being located close to operating mines and a mining-experienced workforce, with excellent access and proximity to existing infrastructure, including road, rail, ports, and hydroelectric grid power. Bravo's current Environmental, Social and Governance activities includes planting more than 35,000 high-value trees in and around the project area, while hiring and contracting locally.
In 2025, the Luanga Project was granted a preliminary licence (see news release dated March 3, 2025) for the development of the project. Combined with the recently updated Mineral Resource Estimate which increased both tonnes and grade (see news release dated February 18, 2025), this places Luanga at the forefront of potential future PGM+Au+Ni projects globally, while benefitting from extensive infrastructure, an experienced work force, shallow depths amenable to potential open pit extraction, and in a geopolitically favourable location close to end-user markets.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Bravo Mining Corp.
Cision
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Southern Copper (SCCO) ended the recent trading session at $94.36, demonstrating a +0.51% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.67%. Elsewhere, the Dow gained 0.56%, while the tech-heavy Nasdaq added 0.87%.
The miner's shares have seen an increase of 9.26% over the last month, surpassing the Basic Materials sector's gain of 0.34% and the S&P 500's loss of 5.28%.
The investment community will be paying close attention to the earnings performance of Southern Copper in its upcoming release. In that report, analysts expect Southern Copper to post earnings of $1.05 per share. This would mark year-over-year growth of 11.7%. Meanwhile, the latest consensus estimate predicts the revenue to be $2.79 billion, indicating a 7.48% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.63 per share and revenue of $11.7 billion. These totals would mark changes of +6.93% and +2.31%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Southern Copper. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.22% higher. As of now, Southern Copper holds a Zacks Rank of #3 (Hold).
In terms of valuation, Southern Copper is presently being traded at a Forward P/E ratio of 20.28. This represents a premium compared to its industry's average Forward P/E of 18.8.
We can additionally observe that SCCO currently boasts a PEG ratio of 1.84. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Mining – Non Ferrous industry held an average PEG ratio of 0.79.
The Mining – Non Ferrous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 188, placing it within the bottom 25% of over 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Southern Copper Corporation (SCCO) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Lupaka Gold Corp
VANCOUVER, British Columbia, April 02, 2025 (GLOBE NEWSWIRE) — Lupaka Gold Corp. ("Lupaka" or the “Company") (TSX-V: LPK, FRA: LQP) has received an update from the Arbitral Tribunal regarding the Company’s ongoing Arbitration Claim against the Republic of Peru.
Quoted from the Tribunal’s update “The Tribunal refers to the Claimant’s communication of 14 March 2025, and it wishes to provide the following status update to the Parties:
The ruling is in the final translation stage, but the process of translation and checking has been unexpectedly time-consuming. Considering the time necessary to finalize the ruling for dispatch in the two procedural languages, the Tribunal anticipates and intends that the ruling will be dispatched this Spring.”
Gordon Ellis (CEO) commented “Although we had anticipated a final ruling by this time, the good news is that we are already into “Spring” so a final ruling is expected in the very near future.”
For ongoing updates and more detail with respect to the arbitration, please refer to the Company’s website (www.lupakagold.com/projects/arbitration).
For background on the basis for the Claim, please refer to the Company’s previous news releases, also available on the Company’s website (www.lupakagold.com/news/#2020).
Lupaka is represented in the arbitration proceedings by the international law firm LALIVE (www.lalive.law), and has the financial backing of Bench Walk Advisors (www.benchwalk.com).
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.
About Lupaka Gold
Lupaka is a Canadian-based company focused on creating shareholder value through identification and development of mining assets.
About LALIVE
LALIVE is an international law firm with offices in Geneva, Zurich and London, that specializes in international dispute resolution. The firm has extensive experience in international investment arbitration in the mining sector, amongst others, and is currently representing investors and States as counsel worldwide.
About Bench Walk Advisors
Bench Walk Advisors is a global litigation financier with over USD 250 million of capital deployed across in excess of 100 commercial cases. Bench Walk and its principals have consistently been ranked as leading lawyers and litigation funders in various global directories.
FOR FURTHER INFORMATION PLEASE CONTACT:
Gordon Ellis, C.E.O.gellis@lupakagold.comTel: (604) 985-3147
or visit the Company’s profile at www.sedar.com or its website at www.lupakagold.com
Freeport-McMoRan recently affirmed a cash dividend of $0.15 per share, integrating a base and variable payout structure that aligns with its performance-based framework. This move highlights the company’s commitment to returning value to shareholders against a backdrop of market volatility. Over the last month, FCX shares rose 3%, possibly buoyed by the dividend announcement. Despite broader market fluctuations, with major indexes like the S&P 500 recovering from steep losses earlier in March, FCX’s performance may reflect investor optimism amidst the ongoing economic narrative, including anticipation around international trade policies and their potential implications.
NYSE:FCX Earnings Per Share Growth as at Apr 2025
Over the past five years, Freeport-McMoRan delivered a total shareholder return exceeding 430%. The company’s success has been fueled by several critical developments. Notably, the strategic alliance with Caterpillar in late 2023 to automate its haulage fleet at the Bagdad mine marked a substantial operational advancement. This move, coupled with the implementation of technological innovations and automation across its U.S. operations, created significant cost savings and efficiency gains. Additionally, the approval of copper as a critical mineral introduced potential tax advantages, although this remains a developing situation.
The company’s focus on production expansion has been evident, with copper production reaching 3.17 billion pounds for the first nine months of 2024. Leadership changes, such as Katherine Quirk’s appointment as CEO in 2024, underscore ongoing efforts to enhance performance. While Freeport-McMoRan underperformed the broader U.S. market over the last year, its initiatives in production, strategic alliances, and tax optimizations offer insights into its favorable longer-term performance.
Gain insights into Freeport-McMoRan’s historical outcomes by reviewing our past performance report.
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 NYSE:FCX.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
Wednesday, April 2, 2025The 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 Exxon Mobil Corp. (XOM), Bristol-Myers Squibb Co. (BMY) and Chubb Ltd. (CB), as well as a micro-cap stock Hamilton Beach Brands Holding Co. (HBB). 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 and 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 Again on "Liberation Day"Today's Featured Research ReportsShares of Exxon Mobil have gained +3.2% over the past year, against the Zacks Oil and Gas – Integrated – International industry’s gain of +5.5%. The company’s high-value assets in the Permian Basin and Guyana drive robust production growth, doubling upstream earnings since 2019. The Pioneer acquisition and Guyana ramp-up have enhanced profitability, while robust structural savings strengthen resilience. With a lower exposure to debt capital, XOM supports steady cash flows, dividends, buybacks and investments in high-return projects. Expansion in low-carbon tech, including Baytown's hydrogen facility, positions it for future growth.Yet refining margins are pressured due to global capacity increases, with refining profits softening. The refining margin pressure intensifies the reliance on upstream operations, which is vulnerable to fluctuating oil and gas prices. Commodity price volatility challenges profitability, especially as crude prices dipped in the fourth quarter.(You can read the full research report on Exxon Mobil here >>>)Bristol-Myers Squibb’s shares have outperformed the Zacks Medical – Biomedical and Genetics industry over the past year (+19.8% vs. -8.7%). The company’s newer drugs like Reblozyl, Breyanzi, Yervoy, Camzyos and Opdualag maintain momentum for the company. Label expansion of blockbuster oncology drug Opdivo should fuel growth. Growth in blockbuster drug Eliquis is another positive.Nevertheless, the recent acquisitions of Mirati, Karuna and RayzeBio should strengthen and diversify its portfolio. Bristol Myers’ efforts to streamline operations should boost the bottom line. The company is encouraging efforts to boost top-line growth.However, the outlook for 2025 is weak. Generic competition for Revlimid, Pomalyst, Sprycel and Abraxane is adversely impacting revenue growth. While the performance of new drugs is encouraging, they will take some time to make a significant contribution to the top line.(You can read the full research report on Bristol-Myers Squibb here >>>)Shares of Chubb have gained +19.8% over the past year against the Zacks Insurance – Property and Casualty industry’s gain of +25.1%. The company’s suite of compelling products as well as services, focus on capitalizing on the potential of middle-market businesses and investments in various strategic initiatives pave the way for long-term growth.Several distribution agreements have expanded its network, boosting its market presence. An impressive inorganic growth story helps to achieve a higher long-term return on equity. Chubb boasts a strong capital position with sufficient cash generation capabilities that ensure steady payouts to investors.Chubb expects the quarterly adjusted net investment income to have a run rate between $1.67 billion and $1.75 billion over the next six months. However, exposure to catastrophe loss induces underwriting volatility. Escalating expenses weigh on margin expansion.(You can read the full research report on Chubb here >>>)Hamilton Beach Brands’ shares have outperformed the Zacks Household Appliances industry over the year-to-date period (+18.7% vs. -17.7%). This microcap company with market capitalization of $268.41 million achieved a record gross margin of 26% in 2024, up 300 bps year over year, driven by lower costs, improved mix and pricing discipline.Operating profit rose 23.1% to $43.2 million. A strong cash flow of $65.4 million enabled debt elimination, ending with a net cash position of $0.6 million. HBB expanded into high-margin healthcare with HealthBeacon, targeting more than 50% patient growth in 2025. Product innovation, including premium offerings and e-commerce expansion, is driving market share gains.U.S. consumer sales rose 3.6%, with strong growth in Mexico and commercial blender placements. Proactive tariff mitigation and supply-chain diversification protect margins. The 2025 guidance includes mid-single-digit revenue growth, operating profit outpacing sales and $40-$50 million in free cash flow.(You can read the full research report on Hamilton Beach Brands here >>>)Other noteworthy reports we are featuring today include Barclays PLC (BCS), Freeport-McMoRan Inc. (FCX) and Waste Connections, Inc. (WCN).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
ExxonMobil's (XOM) Guyana & Permian Assets Aid Production
New Drugs Fuel Bristol Myers (BMY) Amid Generic Competition
Better Pricing, New Business Growth Drive Chubb Limited (CB)
Featured Reports
Exploration Progress, Debt Reduction to Aid Freeport (FCX)Per the Zacks analyst, Freeport will gain from its progress in exploration activities to expand production capacity and efforts to deleverage its balance sheet amid headwinds from higher costs.n
Operating Prowess Aid Waste Connections (WCN), Liquidity LowPer the Zacks analyst, Waste Connections' low-overhead, highly efficient operational structure allows it to expand into geographically contiguous markets. Low liquidity remains a concern.
Strength in Cash App and Square Ecosystem Aids Block (XYZ)Per the Zacks analyst, Block is benefitting from strengthening Cash App engagement and Square ecosystem, which is contributing well to its gross payment volume.
Sun Life (SLF) Gains on Solid Asia Business Amid High CostsPer the Zacks analyst, Sun Life is set for grow on solid Asia business that are expected to provide higher return and expanding global asset management business. However, high costs remain a concern.
Solid Growth Across Segments, AI Integration Aid HubSpot (HUBS)Per the Zacks Analyst, HubSpot is set to benefit from solid user engagement across all segments. Management's strong focus on integrating AI capabilities across the product suites is a tailwind.
DICK'S Sporting's (DKS) Sturdy Comps Run to Propel Top-LinePer the Zacks analyst, strong transactions and pricing have aided DICK'S Sporting's comps and top line. Growth stems from its omnichannel strategy, unique products, brand loyalty, and top-tier service
Bio-Techne (TECH) Banks on Growth Pillar, Macro Woes WorryThe Zacks analyst is impressed with Bio-Techne's ongoing traction in the GMP reagents business, a key part of its cell and gene therapy growth vertical. Yet, macroeconomic woes may hurt its profits.
New Upgrades
Restructuring, Strategic Buyouts to Support Barclays (BCS)Per the Zacks analyst, restructuring efforts to simplify business and boost operating efficiency, Tesco's retail banking operation buyout and solid balance sheet will likely aid Barclays' financials.
RingCentral (RNG) Rides on Strong Portfolio, Partner BasePer the Zacks analyst, RingCentral benefits from solid demand for its Unified Communications as a Service and contact center software-as-a-service solutions.
Rising Commercial and Defense Orders Aid Triumph Group (TGI)Per the Zacks analyst, Triumph Group is likely to benefit from increasing orders from its diverse customer base including commercial airplane producers and various military organizations globally.
New Downgrades
Low Volumes to Weigh on Caterpillar's (CAT) ResultsThe Zacks analyst is concerned that the low volume trends in two of its major segments- Construction Industries and Resource Industries will continue to hurt Caterpillar's top-line performance.
Mondelez (MDLZ) Struggles With Cost Inflation, Pricing HelpsPer the Zacks analyst, Mondelez is struggling with soaring cocoa costs, currency headwinds, and margin pressure. However, strategic pricing actions help offset some inflationary challenges.
Weak Residential Construction Hurts Owens Corning (OC) Per the Zacks analyst, Owens Corning business is being hurt by weak residential new construction and remodeling activities. Also, cost inflation surrounding the market is an added concern.
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Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report
Exxon Mobil Corporation (XOM) : Free Stock Analysis Report
Barclays PLC (BCS) : Free Stock Analysis Report
Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report
Chubb Limited (CB) : Free Stock Analysis Report
Waste Connections, Inc. (WCN) : Free Stock Analysis Report
Hamilton Beach Brands Holding Company (HBB) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
FMC Corporation FMC recently entered into a partnership with Bayer to bring Isoflex active herbicide technology to the European Union (EU) and Great Britain. This partnership will also expand FMC's breakthrough weed control technology’s access throughout European markets.
The Herbicide Resistance Action Committee classified Isoflex active as a Group 13 herbicide. It has already received registration in Great Britain in 2024 and is pending EU registration, which is anticipated in 2025.
This herbicide offers European growers a powerful new solution for resistant grass weeds in cereals and other crops. It is expected to provide lasting control of key grass weeds, including those resistant to other herbicides, addressing a critical need in European agriculture. This market expansion will allow FMC access to an estimated 30 million planted hectares of winter cereals, bringing the Isoflex active ingredient to new growers and distributors.
FMC intends to commercialize its own formulations, and both companies will bring products containing Isoflex active to the winter cereals and oilseed rape markets. Under the terms of the agreement, Bayer will submit registrations and commercialize mixtures having Isoflex active and distribute the formulation developed by FMC for use in oilseed rape. The companies will jointly promote the Isoflex active brand. The product launches are anticipated in Great Britain later this year and in the EU in 2027, eventually contributing to food security.
The FMC stock has lost 30.2% over the past year compared with the 8.8% decline in the industry.
Zacks Investment Research
Image Source: Zacks Investment Research
FMC’s Zacks Rank and Key Picks
FMC currently carries a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the Basic Materials space are Ingevity Corporation NGVT, Axalta Coating Systems AXTA and Carpenter Technology Corporation CRS. While NGVT and AXTA sport a Zacks Rank #1 (Strong Buy) each at present, CRS carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Ingevity’s current-year earnings is pegged at $4.45 per share. NGVT’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average surprise being 202.9%.
The Zacks Consensus Estimate for Axalta’s current-year earnings is pegged at $2.51 per share. AXTA’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 16.28%.
The Zacks Consensus Estimate for Carpenter Technology’s current fiscal-year earnings is pegged at $6.95 per share. CRS’ earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 15.7%. Its shares have soared 156.6% in the past year.
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Carpenter Technology Corporation (CRS) : Free Stock Analysis Report
FMC Corporation (FMC) : Free Stock Analysis Report
Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report
Ingevity Corporation (NGVT) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
We recently published a list of 10 Best Metal Stocks to Buy According to Billionaires. In this article, we will look at where Teck Resources Limited (NYSE:TECK) stands against other best metal stocks to buy.
When investing in the best metal stocks, the stakes are high, and the potential rewards are even higher. Metals power the modern economy, from the foundations of skyscrapers to the circuits in your smartphone. For savvy investors, these commodities offer a strategic opportunity to capitalize on global demand, fluctuating prices, and billionaire-backed bets that shape the future of the industry.
As of March 2025, the U.S. stock market has been riding a wave of volatility, with the broader market reaching a record high of 6,152.87 in February, marking a 3.49% increase year-to-date. However, the index suffered a decline in March. Meanwhile, copper prices have skyrocketed to an unprecedented $5.24 per pound, largely driven by looming 25% tariffs on imports and China’s aggressive economic stimulus measures. Investors have been quick to respond, driving up the stock prices of major mining giants.
The precious metals sector has been equally dynamic. Gold futures are climbing 14%, and analysts are projecting further earnings growth of 17% in 2025 and 16% in 2026.
One of the strongest signals in the metals market comes from billionaire investors. Heavyweights like Berkshire Hathaway, led by Warren Buffett, have a strong presence in the metals sector, with a strategic focus on silver and gold mining companies rather than direct gold ownership. Beyond U.S. borders, Buffett’s investment strategy has extended into Japan’s massive trading conglomerates. These firms operate across multiple industries, with significant stakes in natural resources and metals, highlighting the global nature of the metals market.
The rise of rare metals has also drawn significant interest, with billionaires like Bill Gates and Jeff Bezos funneling $537 million into Africa’s rare metals sector, as reported by Business Insider. As the world shifts toward renewable energy and advanced technology, the demand for critical minerals is soaring, promising new wealth for those who control these resources.
With 40% of investors planning to increase their exposure to gold and other precious metals in the next 12 months, as highlighted by the UBS Billionaire Ambitions Report 2024, the metals and mining sector remains a dynamic and lucrative space. While tech and banking CEOs dominate the headlines, eight of the world’s 100 richest individuals on the Forbes Billionaires List have built their fortunes in metals and mining. Understanding the factors driving these investments is key to making informed decisions.
Deloitte’s Tracking the Trends 2025 Report highlighted the key trends in the industry. Specifically, it underscores the power of inclusive leadership in driving innovation and problem-solving in the metals industry—critical in today’s fast-evolving economic, social, and environmental landscape. Companies that embrace technology, enhance safety, and stay adaptable position themselves for sustainable growth.
Meanwhile, AI is revolutionizing mineral exploration, optimizing geoscience data to accelerate target identification, slash costs, and streamline project timelines—essential for mitigating metal shortages.
On the revenue side, PwC’s Mine Report revealed that despite increased production, the world’s top 40 miners saw revenues drop over 7% in 2024 due to falling commodity prices and rising costs. KPMG’s 2024 industry index shows modest gains despite geopolitical turbulence and macroeconomic pressures. Key challenges? Tech investment, ecosystem collaboration, talent acquisition, and funding.
On the billionaire front, metals and mining remain a lucrative—albeit volatile—business. The world’s richest investors play long games, with Warren Buffett notably favoring silver over gold due to its industrial and medical applications. As always, informed strategies separate winners from the rest.
In the next section, we’ll delve into the methodology used to identify the best metal stocks to buy, backed by billionaire insights and industry trends.
Is Teck Resources Limited (TECK) the Best Canadian Stock to Buy According to Billionaires?
A close up of an automated machine processing other Industrial Metals & Mining resources.
Our Methodology
We used Insider Monkey’s exclusive database of billionaire stock holdings to arrive at our list of best metal stocks to buy according to billionaires. We selected the 10 best stocks to buy based on the highest number of billionaire investors, updated as of Q4 2024. For the stocks with the same number of billionaire holdings, we have used the total dollar value of billionaire holdings as a secondary metric to rank the stocks. Billionaires are founders or managers of some of the world’s leading hedge funds and companies.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Teck Resources Limited (NYSE:TECK)
Number of Billionaires: 16
Teck Resources Limited (NYSE:TECK) is a leading Canadian resource company specializing in the exploration, development, and production of essential minerals. The company’s primary products include copper and zinc.
In recent years, Teck Resources Limited (NYSE:TECK) has strategically shifted its focus toward metals integral to the global energy transition. This pivot was underscored by the sale of its steelmaking coal business to a Glencore-led consortium for $9 billion, allowing the company to concentrate on expanding its copper and zinc operations.
In Q4 2024, the company reported a 19% year-over-year increase in copper output, totaling 122,100 tonnes, with 60,700 tonnes from the Quebrada Blanca mine in Chile. This surge contributed to an adjusted profit of C$0.45 per share, surpassing analysts’ expectations. Teck forecasts copper production to rise to between 490,000 and 565,000 tonnes in 2025.
In response to recent U.S. tariffs on Canadian imports, Teck Resources Limited (NYSE:TECK) is exploring alternative markets for its zinc products. The company is considering redirecting sales to Asia to mitigate the impact of a 25% tariff imposed by the U.S. administration.
Teck Resources (NYSE:TECK) has strong analyst support, with 77% of 22 analysts rating it a Buy. The stock has an average target price, suggesting a 36.19% upside potential. Additionally, institutional investors hold 77.46% of the company’s shares, reflecting strong confidence in its long-term growth.
The company’s strategic realignment and focus on critical minerals position it well to capitalize on the increasing demand for resources vital to the global energy transition as a best metal stock to invest in.
Overall, TECK ranks first on our list of the best metal stocks to buy according to billionaires. While we acknowledge the potential for TECK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TECK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
Freeport-McMoRan Inc. FCX has provided an update on its first-quarter 2025 results, highlighting that its global mining operations approximated production expectations. However, due to the timing of shipments from PT Freeport Indonesia (“PTFI”), a portion of the first-quarter production was deferred to future periods. Following the receipt of regulatory approvals on March 17, 2025, PTFI was able to resume concentrate export shipments from Indonesia, which had been temporarily restricted since December 2024. In addition, PTFI continues to ramp up production at its newly commissioned precious metals refinery (PMR).FCX expects its consolidated copper sales for the first quarter to align with its January 2025 forecast of 850 million pounds, while its gold sales are anticipated to be about 100,000 ounces lower than the January forecast of 225,000 ounces. The company estimates that consolidated unit net cash costs for the first quarter will be approximately 5% higher than the January guidance of $2.05 per pound of copper, mainly due to the timing of gold shipments, which has led to lower by-product credits. FCX is currently reviewing its annual consolidated sales guidance as part of its regular quarterly forecast updates but does not expect any significant changes to its 2025 annual outlook.FCX expects its consolidated average realized copper price for the first quarter to be around $4.40 per pound, higher than the London Metal Exchange (LME) average quarterly settlement price of $4.24 per pound. The company anticipates its average copper selling price will exceed the LME average, as roughly one-third of its consolidated sales are tied to U.S. Commodity Exchange Inc. (COMEX) prices.Shares of FCX have lost 21.8% over the past year compared with a 16.2% decline of its industry.
Image Source: Zacks Investment Research
FCX’s Rank & Key Picks
FCX currently carries a Zacks Rank #3 (Hold).Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, CSW Industrials Inc. CSWI and Axalta Coating Systems Ltd. AXTACarpenter Technology currently carries a Zacks Rank #2 (Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.7%. The company's shares have soared 169.6% in the past year. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for CSW Industrials’ current fiscal-year earnings is pegged at $8.50. CSWI, carrying a Zacks Rank #2, surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with the average earnings surprise being 10.1%. The company's shares have rallied 28.4% in the past year.Axalta Coating Systems, which currently carries a Zacks Rank #1, beat the consensus estimate in each of the trailing four quarters. In this time frame, it has delivered an earnings surprise of roughly 16.3%, on average. AXTA’s shares have gained 1.2% over the past year.
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Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report
Carpenter Technology Corporation (CRS) : Free Stock Analysis Report
Axalta Coating Systems Ltd. (AXTA) : Free Stock Analysis Report
CSW Industrials, Inc. (CSWI) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
We recently published a list of 10 Firms Kick Off Trading Week Stronger. In this article, we are going to take a look at where Harmony Gold Mining Company Ltd. (NYSE:HMY) stands against other firms that kicked off the trading week stronger.
The stock market began the trading week on a mixed note as investors continued to digest President Donald Trump’s new tariff agenda, with all economies expecting to be hit by import taxes.
Among all major indices, only the Nasdaq registered losses, down 0.14 percent. In contrast, the Dow Jones jumped by 1 percent while the S&P 500 grew by 0.55 percent.
Despite the broader market downturn, 10 individual stocks stood their ground, finishing the day in the green amid a flurry of fresh corporate developments that boosted investor appetite.
In this article, we named Monday’s top performers and detailed the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.
Why Harmony Gold Mining Company Ltd. (HMY) Went Up On Monday?
An open pit mine with heavy excavation machinery toiling away against the backdrop of a hidden valley.
Harmony Gold Mining Company Ltd. (NYSE:HMY)
Harmony Gold extended its winning streak for a third day on Monday, adding 5.05 percent to close at $14.77 apiece as investors gobbled up shares after prices of gold hit a new record high.
On Monday, the spot prices of gold cracked past the $3,100 level for the first time as concerns about US President Donald Trump’s more aggressive tariff stance drove investor funds to safer assets such as gold and spilled over to gold mining stocks.
Optimistic outlooks for the precious metal further added to the sentiment, with Goldman Sachs expecting gold to soar to the $4,500 level over the next 12 months amid extreme market conditions.
Meanwhile, Bank of America raised its average gold price targets for this year and the next to $3,063 per ounce this year and $3,350 per ounce in 2026.
The new figures were markedly up from its previous forecasts of $2,750 per ounce for 2025 and $2,625 per ounce for 2026.
Earlier this year, HMY announced that its net income in the first semester grew by 33 percent to R7.9 billion from R5.96 billion in the same period a year earlier, as revenues rose by 18 percent to R37.1 billion from R31.4 billion, with gold revenues contributing to total revenue growth, increasing 19 percent to R35.4 million from R29.7 million.
Overall, HMY ranks 6th on our list of firms that kicked off the trading week stronger. While we acknowledge the potential of HMY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as HMY but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
VANCOUVER, BC, March 31, 2025 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act:
The number of issued and outstanding shares of the Company decreased by 5,284,261 to 860,582,665 common shares with voting rights as of March 31, 2025. The decrease in the number of issued and outstanding shares from March 1, 2025 to date is the result of share buybacks completed under the normal course issuer bid ("NCIB"), offset by the exercise of employee stock options or the vesting of employee share units.
Normal Course Issuer Bid
Under the Company's shareholder distribution policy, the Company is committed to allocating up to US$150 million in annual share buybacks through the NCIB program. So far during 2025, Lundin Mining has acquired 8,000,000 common shares at a cost of approximately US$68 million.
About Lundin Mining
Lundin Mining is a diversified Canadian base metals mining company with operations or projects in Argentina, Brazil, Chile, and the United States of America, primarily producing copper, gold and nickel. In December 2024 the Company announced the sale of its European assets to Boliden. The transaction is expected to close in mid-2025 subject to customary conditions and regulatory approvals.
The information in this release is subject to the disclosure requirements of Lundin Mining under the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out below on March 31, 2025 at 16:00 Pacific Time.
Lundin Mining Announces Updated Share Capital and Provides Update on Share Buybacks (CNW Group/Lundin Mining Corporation)
SOURCE Lundin Mining Corporation
Cision
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Caterpillar Inc. CAT has entered into a partnership with Luminar Technologies, Inc. LAZR to integrate its LiDAR technology into the former’s next-generation autonomous solution. This collaboration marks a significant step in the evolution of industrial automation. It will bring Luminar’s cutting-edge technology that will aid in obstacle detection and navigation as well as increase the efficiency of Caterpillar’s autonomous trucks.
CAT & Luminar Tie Up Takes LiDAR Beyond Automotive
LiDAR (Light Detection and Ranging) is a remote sensing method that uses light in the form of a pulsed laser and continuously scans the environment in front of a vehicle. It enables an accurate and high-precision estimate of the shape and size of objects in three-dimensional understanding of the surroundings. It is gaining popularity as a crucial technology for the safe and efficient operation of autonomous machines.
Luminar’s LiDAR technology is the world’s first and only high-performing LiDAR technology to be included as standard on a global production vehicle, such as Volvo’s VLVLY Volvo EX90. Earlier this month, Volvo Cars unveiled the second vehicle in its line-up to feature Luminar technology, the Volvo ES90.
Luminar estimates that if all cars on the road today were integrated with its LiDAR hardware and vehicle software, up to 70% of collisions could be avoided and 90% of fatalities could be reduced.
The Luminar LiDAR technology will currently be introduced with Cat Command for hauling, and initially targeted for quarry and aggregate operations. The Cat off-highway truck will feature two Iris LiDARs with a unique integration system designed exclusively for Caterpillar. Luminar’s agreement with Caterpillar marks its foray into other markets beyond automotive. It also represents a significant technological expansion from automotive applications to heavy industrial equipment. Luminar's LiDAR, which was originally designed for passenger vehicles, is being repurposed for much larger industrial machines that operate in harsh quarry and aggregate environments. These present more technical challenges than roads, including dust, vibration and varied terrain. This calls for substantial engineering collaboration between Luminar and Caterpillar to ensure the technology performs per expectations in these challenging settings.
Caterpillar’s Leadership in Autonomous Solutions
Caterpillar has invested in autonomy and automation for more than three decades and is considered an industry leader in autonomy. Its autonomous trucks have covered more than 334 million kilometers across three continents and moved more than 9.3 billion tons of material.
The addition of Luminar’s LiDAR technology will further enhance the capabilities of Caterpillar’s autonomous systems. By enhancing autonomous capabilities and integrating innovative solutions, CAT is not only strengthening its competitive edge but also helping customers shift to safer, more efficient and environmentally sustainable operations.
For instance, diesel is a major source of operational GHG emissions for miners. To achieve their sustainability targets, as well as to increase productivity, reduce cost and improve frontline safety, miners are increasingly relying on Caterpillar as their partner.
BHP Group BHP was the first customer to announce its plans to trial Caterpillar’s ground-breaking Cat Dynamic Energy Transfer at its mining site. This cutting-edge solution is engineered to transfer energy to large mining trucks (both diesel-electric and battery-electric) while they operate on site.
Also, to replace diesel, BHP has been working with Caterpillar since 2021 to support the development of battery-electric trucks. In 2024, BHP agreed to trial large battery-powered haul trucks manufactured by Caterpillar.
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(Reuters) – Miner Freeport-McMoRan lowered its forecast for first-quarter gold sales on Monday, after shipment timing issues in Indonesia led to a deferral of a portion of its quarterly production to future periods.
Freeport operates Indonesia's Grasberg, one of the world's largest gold and copper mines, and had been building a smelter in the country as part of an operating agreement with Jakarta officials. That smelter was damaged by a fire last year and was shut down.
However, Freeport said it received regulatory approvals on March 17, and had resumed concentrate export shipments from Indonesia, which had been temporarily restricted.
The company said it expects first-quarter gold sales to be roughly 100,000 ounces below its prior forecast of 225,000 ounces.
Freeport added that the average realized price for copper is expected to be roughly $4.40 per pound in the first quarter, compared with $3.94 per pound it realized a year earlier.
The miner will release its quarterly results on April 25. Analysts expect the company to post an adjusted profit of 22 cents per share for the first quarter, according to data compiled by LSEG.
(Reporting by Vallari Srivastava in Bengaluru; Editing by Alan Barona)
Freeport-McMoRan (FCX) closed the most recent trading day at $37.86, moving -1.46% from the previous trading session. This change lagged the S&P 500's daily gain of 0.55%. Meanwhile, the Dow experienced a rise of 1.01%, and the technology-dominated Nasdaq saw a decrease of 0.14%.
Shares of the mining company have appreciated by 4.09% over the course of the past month, outperforming the Basic Materials sector's gain of 0.34% and the S&P 500's loss of 6.22%.
Investors will be eagerly watching for the performance of Freeport-McMoRan in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.25, marking a 21.88% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $5.59 billion, down 11.5% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.65 per share and a revenue of $26.39 billion, representing changes of +11.49% and +3.69%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Freeport-McMoRan. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate has moved 1.11% lower. Freeport-McMoRan is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Freeport-McMoRan is holding a Forward P/E ratio of 23.32. This denotes a premium relative to the industry's average Forward P/E of 18.88.
Investors should also note that FCX has a PEG ratio of 0.8 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Mining – Non Ferrous industry held an average PEG ratio of 0.79.
The Mining – Non Ferrous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 213, this industry ranks in the bottom 16% of all industries, numbering over 250.
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.
To follow FCX in the coming trading sessions, be sure to utilize Zacks.com.
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First-quarter 2025 copper and gold production approximated expectations
Timing of shipments in Indonesia impacted first-quarter 2025 gold sales
No material impact expected on annual consolidated sales guidance
Realized first quarter 2025 prices for copper reflect higher prices on U.S. sales
PHOENIX, March 31, 2025–(BUSINESS WIRE)–Freeport (NYSE: FCX) today provided an update on its first-quarter operating results.
First-quarter 2025 consolidated production from FCX’s global mining operations approximated expectations. The timing of shipments from PT Freeport Indonesia (PTFI) resulted in the deferral of a portion of its first quarter production to future periods.
Following receipt of regulatory approvals on March 17, 2025, PTFI resumed concentrate export shipments from Indonesia which were temporarily restricted after December 2024. Additionally, PTFI continues to ramp-up production at its newly commissioned precious metals refinery (PMR).
FCX currently expects its consolidated copper sales for first-quarter 2025 to be in line with its January 2025 guidance of 850 million pounds and its gold sales for first quarter 2025 to be approximately 100 thousand ounces below its January 2025 guidance of 225 thousand ounces.
Consolidated unit net cash costs for first-quarter 2025 are currently estimated to average approximately 5% higher than the January 2025 guidance of $2.05 per pound of copper for the first quarter, principally reflecting the timing of gold shipments resulting in lower by-product credits.
FCX is reviewing its annual consolidated sales guidance in connection with its routine quarterly forecast updates and does not currently expect a material change to its 2025 annual guidance.
FCX’s consolidated average realized price for copper for first-quarter 2025 is expected to approximate $4.40 per pound, compared with the London Metal Exchange (LME) average quarterly settlement price of $4.24 per pound. FCX expects its average copper selling price to be higher than the LME average because approximately one-third of its consolidated sales are based on U.S. Commodity Exchange Inc. (COMEX) prices.
FCX will release its first-quarter 2025 earnings results before the market opens on Thursday, April 24, 2025, and will hold a conference call to discuss the results at 10:00 a.m. Eastern Time that same day.
FREEPORT: Foremost in Copper
FCX is a leading international metals company with the objective of being foremost in copper. Headquartered in Phoenix, Arizona, FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX is one of the world’s largest publicly traded copper producers.
FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; and significant operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru.
By supplying responsibly produced copper, FCX is proud to be a positive contributor to the world well beyond its operational boundaries. Additional information about FCX is available on FCX's website at fcx.com.
Cautionary Statement: This press release contains forward-looking statements in which FCX discusses its potential future performance, operations and projects. Forward-looking statements are all statements other than statements of historical facts, such as plans, projections or expectations relating to production and sales volumes; unit net cash costs; PTFI’s remediation, commissioning, and ramp up of its new smelter and full production at the precious metals refinery; export licenses, export duties and export volumes, including PTFI’s ability to continue exports of copper concentrate until full ramp-up is achieved at its new smelter in Indonesia; timing of shipments of inventoried production and the impact of copper and gold price changes. The words "anticipates," "may," "can," "plans," "believes," "estimates," "expects," "projects," "targets," "intends," "likely," "will," "should," "to be," "potential" and any similar expressions are intended to identify those assertions as forward-looking statements.
FCX cautions readers that forward-looking statements are not guarantees of future performance and actual results may differ materially from those anticipated, expected, projected or assumed in the forward-looking statements. Important factors that can cause FCX's actual results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, supply of and demand for, and prices of the commodities FCX produces, primarily copper and gold; PTFI’s ability to export and sell or inventory copper concentrates through remediation and full ramp-up of its new smelter in Indonesia; changes in export duties; completion of remediation activities and achieving full ramp-up of the new smelter in Indonesia; full production at the PMR; production rates; timing of shipments; and other factors described in more detail under the heading "Risk Factors" in FCX's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission (SEC).
Investors are cautioned that many of the assumptions upon which FCX's forward-looking statements are based are likely to change after the date the forward-looking statements are made, including for example commodity prices, which FCX cannot control, and production volumes and costs, some aspects of which FCX may not be able to control. Further, FCX may make changes to its business plans that could affect its results. FCX undertakes no obligation to update any forward-looking statements, which speak only as of the date made, notwithstanding any changes in its assumptions, changes in business plans, actual experience or other changes.
The operational estimates in this press release are subject to further changes upon completion of FCX’s normal quarterly closing process and procedures.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250331594244/en/
Contacts
Financial Contact:David P. Joint(504) 582-4203
Media Contact:Linda S. Hayes(602) 366-7824
We recently published a list of Jim Cramer Put These 16 Stocks Under a Microscope. In this article, we are going to take a look at where Freeport-McMoRan Inc. (NYSE:FCX) stands against other stocks that Jim Cramer put under a microscope.
On Thursday, Jim Cramer, the host of Mad Money, shared his thoughts on the president’s recent stance against the “false free trade era,” expressing his agreement with the shift away from free trade.
“Yes, I’m not a big fan of free trade. Yes, I feel that our country has been abused by our so-called trading partners, especially when it comes to cars. And yes, I favor the 25% tariff on automobile imports. Close watchers of the show know that this is not a new view for me. I’ve seen China devastate entire industries in this country.”
READ ALSO: Jim Cramer Commented on These 8 Stocks Recently and Jim Cramer Discussed These 9 Stocks Recently
Cramer said that America made a “deal with the devil” in the 1990s by allowing the influx of cheap goods from overseas. He noted that while there is nothing inherently wrong with affordable products, the trade-off has been the decimation of American industries and the devastation of factory towns across the country.
Cramer observed that the loss of manufacturing jobs has been a major concern. He noted that while the decision to import cheap goods may have seemed like a good deal at the time, in retrospect, it has led to significant societal and economic damage. He added:
“Now the president has declared that false free trade era is over, and I’m on board with this even as I wish he could lay out a clear plan rather than rolling out the tariffs one by one.”
He emphasized that if America wanted to bring back manufacturing jobs, sacrifices would be required, including the imposition of tariffs. The most important point for Cramer was the acknowledgment that these jobs, along with the many ancillary positions tied to them, had been lost, but there might be a chance for some of them to return.
“Factory jobs may not be as important these days as every other kind of job, frankly but when we look around our country at all these gutted small towns that have led to such despair, such drug use, such homelessness, the bargain for cheap goods, I think it’s a mistake. I’m glad the White House is finally going full speed in the opposite direction. It’s about time.”
Our Methodology
For this article, we compiled a list of 16 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on March 27. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Jim Cramer Backs Freeport-McMoRan Inc. (FCX) as Copper Prices Surge – China Comeback in Focus!
A large open-pit copper mine with heavy machinery extracting minerals from the earth.
Freeport-McMoRan Inc. (NYSE:FCX)
Number of Hedge Fund Holders: 88
Freeport-McMoRan Inc. (NYSE:FCX) was mentioned during the episode, and here’s what Cramer said:
“Alright, I think copper’s going higher and one of the reasons why I like it, by the way… China’s coming back. They’re the biggest user of copper. But also something that Jensen Huang told me, from Nvidia, he said, listen, copper is just the right thing to have in the data center. I was hoping it’ll be replaced by glass… Two-thirds of the copper is used by China and China’s making a comeback here. At least parts are trying to make it a comeback.”
Freeport-McMoRan (NYSE:FCX) is involved in the extraction of mineral resources across North America, South America, and Indonesia, with a focus on copper, gold, molybdenum, silver, and other metals. Appearing on Squawk on the Street last week, Cramer said:
“Freeport, there’s a JPMorgan piece out there upgrading to Overweight. Now what’s important David, let’s say you believe in tariffs. Let’s say that everything is going on and you don’t like the President, or you love the President, doesn’t matter. Freeport could have a 400 to 450 million EBITDA tailwind from tariffs! So let’s say here’s like woohoo tariffs! Go buy some FCX.
And by the way, Jensen Huang is saying that copper is the dominant metal that goes into the data centers. It’s not in the report. The report mostly talks about, yes, Chinese stimulus, cause a lot of the, almost, that’s the majority of copper is used in China. But I really like the call. Stock’s not that expensive. Go buy it… JPMorgan, David. Good as gold. Gold’s a good by product of Freeport. And gold is hitting another high.”
Overall, FCX ranks 4th on our list of stocks that Jim Cramer put under a microscope.While we acknowledge the potential of FCX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FCX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
VANCOUVER, BC, March 31, 2025 /CNW/ – Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or "the Company") is pleased to announce the signing of a binding letter of intent ("LOI") for the option to acquire 100% of the Hanson Property.
The Property is located in west-central British Columbia within the prolific Stikine Terrane. The Property totals 5,349 hectares and is accessed from extensive logging roads approximately 20 km north of the past producing Endako Mine. The Hanson Property joins the Mystery and Fox-Coconut Properties in Rokmaster's Nechako Project, where Rokmaster is developing several enticing exploration targets for significant porphyry Cu-Mo-Au mineralization in a favourable district (Figure 1).
The Property has been subject to multiple exploration programs since 1965 involving AMAX Exploration, Canadian Exploration Limited (Placer Dome), Cazador Explorations, and Stone Ridge Exploration among others. The previous work has so far work generated three principal targets on the Property (Figure 2):
Buckley Zone: A large and strong Mo soil anomaly was generated in 1973 and tested with five shallow drillholes totalling only 471 m in 1977-1978. Very little work has been completed on this target since the late 1970's. A ZTEM survey completed in 2012 shows a magnetic low embayment in the mapped Early Cretaceous Hanson Lake phase of the Endako Batholith underlying this target.
Wilson Zone: A Mo-Cu soil anomaly was developed in 1972 and a coincident chargeability anomaly was found in 1973. Only two shallow drillholes totalling 100 m were completed in 1977. Later surface work by Stone Ridge and Tundra Exploration collected multiple anomalous rock samples with results up to 1.37% Mo, 1.79% Cu, and 0.10 g/t Au. The 2012 ZTEM survey shows a concentric magnetic low coincident with the soil and IP anomaly over the Wilson zone which straddles the contact between the Hanson Lake phase and older gneissic quartz diorites.
Cyr Zone: Work completed in the late 1980's and early 1990's developed the Cyr Zone with a series of trenches, pits, and drillholes. The Cyr zone is described to be underlain by a quartz porphyry unit with strong clay alteration and disseminated pyrite. Previous sampling returned high levels of silver, lead, and zinc particularly in silicified zones.
John Mirko, President and CEO, comments:
"The Hanson Property is a tremendous addition to our Nechako Project which is an outstanding region, both geologically and operationally. The Stikine Terrane hosts many large mineral deposits related to multiple mineralizing events, making it a great place to explore for more. There are numerous past and recently producing operations in the vicinity of the Nechako Project Properties. Active logging operations provide easy access for efficient exploration programs. Our team is excited to build upon the positive results generated on the Hanson Property from past programs and leverage modern exploration tools to develop new targets for substantial Cu-Mo-Au mineralization."
To earn a 100% interest in the Property: Rokmaster or its assigns would agree to pay a total cash consideration of CDN $210,000 to an arms length vendor according to the following schedule:
$15,000 upon 5 business days of execution of a Definitive Option Agreement.
$25,000 ($40,000 total) on or before April1st, 2026;
$30,000 ($70,000 total) on or before April1st, 2027;
$60,000 ($130,000 total) on or before April1st, 2028;
$80,000 ($210,000 total) on or before April 1rst, 2029
Rokmaster or its assigns will commit to making a total paid-up exploration expenditure on the Property of CDN $30,000 on or before July 30th, 2025. Further, on or before any of the subsequent anniversary dates for the claims that make up the Property, Rokmaster or its assigns will record sufficient paid-up exploration expenditures to keep the claims in good standing for a period of at least one year from each anniversary date, according to the following share payment schedule:
Rokmaster or its assigns would agree to issue 3,600,000 common shares according to the following schedule:
500,000 shares upon execution of a Definitive Option Agreement and all regulatory approvals;
500,000 shares (1,000,000 total) on or before April1st, 2026;
600,000 shares (1,600,000 total) on or before April1st, 2027;
1,000,000 shares (2,600,000 total) on or before April1st, 2028;
1,000,000 shares (3,600,000 total) on or before April1st, 2029;
In addition, a 1.5% NSR will be granted on all areas of the Property, one half of which (0.75%) can be purchased by Rokmaster for $750,000.
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and reviewed and approved by Eric Titley, P.Geo., who is independent of Rokmaster and who acts as Rokmaster's Qualified Person.
On Behalf of the Board of Directors of
Rokmaster Resources Corp.
John Mirko,President & Chief Executive Officer.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term in defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future vents or results or otherwise.
Hanson Property (CNW Group/Rokmaster Resources Corp.)Rokmaster Resources Corp. logo (CNW Group/Rokmaster Resources Corp.)
SOURCE Rokmaster Resources Corp.
Cision
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PHILADELPHIA, March 31, 2025 /PRNewswire/ — FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, today announced an agreement with Bayer to commercialize products containing Isoflex™ active in the European Union (EU) and Great Britain. The partnership will expand access to FMC's breakthrough weed control technology, offering European growers a powerful new solution for resistant grass weeds in cereals and other crops.
Isoflex™ active, classified by the Herbicide Resistance Action Committee (HRAC) as a Group 13 herbicide, received registration in Great Britain in 2024. Pending regulatory decisions, EU registration is anticipated in 2025. The novel herbicide provides lasting control of key grass weeds, including those resistant to other herbicides, addressing a critical need in European agriculture.
"This agreement will allow FMC to expand market access in the European Union and Great Britain, which has an estimated 30 million planted hectares of winter cereals, reaching new growers and distributors with our novel Isoflex™ active ingredient," said Ronaldo Pereira, FMC president. "We believe that Isoflex™ active will serve as a vital new rotational tool for European growers looking to control resistant weeds, especially grass weeds."
Under the terms of the agreement, both companies will bring products containing Isoflex™ active to the winter cereals and oilseed rape markets in the European Union and Great Britain. FMC plans to commercialize its own formulations powered by Isoflex™ active in the winter cereals, corn, oilseed rape and potato markets, while Bayer will submit registrations and commercialize mixtures containing Isoflex™ active for use in winter cereals and distribute a formulation developed by FMC for use in oilseed rape. Bayer will jointly promote the Isoflex™ active brand when referencing their mixtures and formulated product brands.
"In the face of climate change and pressure on food systems, farmers need effective tools to control weeds," said Frank Terhorst, executive vice president of strategy and sustainability at Bayer's Crop Science Division. "Herbicides like Isoflex™ active play an important part in that, to eventually contribute to food security. We are happy to make use of synergies with FMC to achieve this goal."
The European launches will build on FMC's successful global rollout of products powered by Isoflex™ active, which have already been registered and commercialized in Argentina, Australia, Brazil, Chile, China, Pakistan, Uruguay and India. Product launches are anticipated in Great Britain later this year and in the EU in 2027, pending regulatory decisions. Products containing Isoflex™ active have exhibited pre-plant, pre-emergence and early post-emergence selectivity in major crops across the globe, including canola, cereals, oilseed rape and pulses.
To learn more about Isoflex™ active, please visit FMC.com/isoflexactive.
About FMC
FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers and crop advisers to address their toughest challenges economically while protecting the environment. FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn®.
About Bayer
Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. In line with its mission, "Health for all, Hunger for none," the company's products and services are designed to help people and the planet thrive by supporting efforts to master the major challenges presented by a growing and aging global population. Bayer is committed to driving sustainable development and generating a positive impact with its businesses. At the same time, the Group aims to increase its earning power and create value through innovation and growth. The Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2024, the Group employed around 93,000 people and had sales of 46.6 billion euros. R&D expenses amounted to 6.2 billion euros. For more information, go to www.bayer.com.
FMC and Isoflex are trademarks of FMC Corporation and/or an affiliate. Always read and follow all label directions, restrictions and precautions for use. Products listed here may not be registered for sale or use in all states, countries or jurisdictions.
Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: FMC and its representatives may from time to time make written or oral statements that are "forward-looking" and provide other than historical information, including statements contained in this press release, in FMC's other filings with the SEC, and in presentations, reports or letters to FMC stockholders.
In some cases, FMC has identified these forward-looking statements by such words or phrases as "outlook", "will likely result," "is confident that," "expect," "expects," "should," "could," "may," "will continue to," "believe," "believes," "anticipates," "predicts," "forecasts," "estimates," "projects," "potential," "intends" or similar expressions identifying "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including the negative of those words or phrases. Such forward-looking statements are based on our current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. The forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These statements are qualified by reference to the risk factors included in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024 (the "2024 Form 10-K"), the section captioned "Forward-Looking Information" in Part II of the 2024 Form 10-K and to similar risk factors and cautionary statements in all other reports and forms filed with the Securities and Exchange Commission ("SEC"). We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement.
We specifically decline to undertake any obligation, and specifically disclaims any duty, to publicly update or revise any forward-looking statements that have been made to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as may be required by law.
FMC and Bayer collaborate to bring new herbicide technology to European markets.Cision
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SOURCE FMC Corporation
DENVER, CO / ACCESS Newswire / March 31, 2025 / Solitario Resources Corp. ("Solitario") (NYSE American:XPL)(TSX:SLR) is pleased to report President and CEO Chris Herald will provide a live webcast presentation at the Mining Forum Europe on Wednesday, April 2, 2025, at 12:50 pm CEST in Zurich, Switzerland. Mr. Herald plans to review Solitario's 2024 maiden drilling program on its Golden Crest Gold property in South Dakota and its planned 2025 drilling program. An update on its advanced-stage Florida Canyon and Lik high-grade zinc projects will also be presented. To access the live presentation, please register in advance here.
About Solitario
Solitario is a natural resource exploration company focused on high-quality Tier-1 gold and zinc exploration projects. The Company is traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). In addition to its South Dakota property holdings, Solitario holds a 50% joint venture interest (Teck Resources 50%) in the high-grade Lik zinc deposit in Alaska and a 39% joint venture interest (Nexa Resources 61%) in the high-grade Florida Canyon zinc project in Peru. At Florida Canyon, Solitario is carried to production through its joint venture arrangement with Nexa. Solitario's Management and Directors hold approximately 8.7% (excluding options) of the Company's 81.6 million shares outstanding. Solitario's cash balance and marketable securities stand at approximately US$5.8 million. Additional information about Solitario is available online at www.solitarioresources.com.
Solitario has a long history of committed Environmental, Social and Responsible Governance ("ESG") of its business. We realize ESG issues are also important to investors, employees, and all stakeholders, including the communities in which we work. We are committed to conducting our business in a manner that supports positive environmental and social initiatives and responsible corporate governance. Importantly, we work with joint venture partners that not only value the importance of ESG issues in the conduct of their business on our joint venture projects but are leaders in the industry in this important segment of our business.
For More Information Please Contact:
Chris Herald, President and CEOSolitario Resources Corp.Tel. 303-534-1030 ext. 1
SOURCE: Solitario Resources Corp.
View the original press release on ACCESS Newswire
(Bloomberg) — A fragile ceasefire in the Black Sea brings hope for a boost in global shipments of wheat from Europe’s breadbasket. The US is set to release its latest corn plantings report, signaling future output for the world’s largest exporter of the grain. And energy traders across the world are hot for US liquefied natural gas.
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Here are five notable charts to consider in global commodity markets as the week gets underway.
Wheat
The US-brokered ceasefire between Russia and Ukraine in the Black Sea stands to lift global shipments of wheat and other agricultural goods from the countries. Russia is on track to be the world’s top wheat exporter for an eighth season. And, despite attacks on vessels and infrastructure in the port of Odesa, Ukraine’s grain loads are close to pre-war levels. The deal has the potential to make transporting goods cheaper by reducing insurance costs for vessels.
Corn
American farmers are expected to plant the most corn acres in five years, potentially boosting supplies in the world’s biggest producer and exporter. The US Department of Agriculture releases its annual spring planting outlook Monday, as well as a quarterly grain stockpiles report. Roughly a third of the US corn crop is used for domestic ethanol production, and farmers are expected to turn to a surer bet of corn as US President Donald Trump’s proposed reciprocal tariffs may hit export demand for crops.
Copper
Chile’s state-owned Codelco has held its status as the world’s biggest copper producer by a slim margin after reporting 2024 output just above Australia’s BHP Group. Codelco posted total full-year production of 1.44 million metric tons last year, which includes its share from mines it doesn’t operate. That compared with BHP’s attributable production of 1.43 million tons, according to Bloomberg Intelligence estimates. Codelco has been playing catch-up after decades of underinvestment, with a push to finish projects key to tapping richer areas of its aging mines. BHP has also embarked on a $10.8 billion plan to overhaul old operations in Chile, where it oversees the world’s largest copper mine, Escondida.
LNG
The US is set to expand export capacity of liquefied natural gas by 60% in the next few years, according to BloombergNEF, and international traders are taking notice. Asia-originated trading of benchmark US natural gas has more than doubled over the past year. The US market has also seen increases originating from Europe, the Middle East and Africa. The surge underscores the growing importance of LNG for global energy supplies.
Oil
Venezuela is boosting oil exports to China to the highest in almost two years as the Trump administration deploys sanctions and secondary tariffs. Shipments are set to rise to the highest since June 2023, according to preliminary data from shipping reports and vessel movements tracked by Bloomberg. China, the world’s biggest oil importer, has historically been a top purchaser of deeply discounted barrels from sanctioned nations, including Venezuela, Iran and Russia.
–With assistance from Elizabeth Elkin and Lucia Kassai.
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©2025 Bloomberg L.P.
Freeport-McMoRan Inc.'s (NYSE:FCX) investors are due to receive a payment of $0.15 per share on 1st of May. This payment means the dividend yield will be 1.6%, which is below the average for the industry.
Freeport-McMoRan's Future Dividend Projections Appear Well Covered By Earnings
It would be nice for the yield to be higher, but we should also check if higher levels of dividend payment would be sustainable. The last dividend was quite easily covered by Freeport-McMoRan's earnings. This indicates that quite a large proportion of earnings is being invested back into the business.
The next year is set to see EPS grow by 74.9%. If the dividend continues along recent trends, we estimate the payout ratio will be 24%, which is in the range that makes us comfortable with the sustainability of the dividend.
NYSE:FCX Historic Dividend March 30th 2025
View our latest analysis for Freeport-McMoRan
Dividend Volatility
Although the company has a long dividend history, it has been cut at least once in the last 10 years. Since 2015, the dividend has gone from $1.25 total annually to $0.60. The dividend has shrunk at around 7.1% a year during that period. Generally, we don't like to see a dividend that has been declining over time as this can degrade shareholders' returns and indicate that the company may be running into problems.
The Dividend Looks Likely To Grow
With a relatively unstable dividend, and a poor history of shrinking dividends, it's even more important to see if EPS is growing. It's encouraging to see that Freeport-McMoRan has been growing its earnings per share at 18% a year over the past five years. The company is paying a reasonable amount of earnings to shareholders, and is growing earnings at a decent rate so we think it could be a decent dividend stock.
We Really Like Freeport-McMoRan's Dividend
Overall, we think that this is a great income investment, and we think that maintaining the dividend this year may have been a conservative choice. Earnings are easily covering distributions, and the company is generating plenty of cash. All of these factors considered, we think this has solid potential as a dividend stock.
Companies possessing a stable dividend policy will likely enjoy greater investor interest than those suffering from a more inconsistent approach. However, there are other things to consider for investors when analysing stock performance. Companies that are growing earnings tend to be the best dividend stocks over the long term. See what the 16 analysts we track are forecasting for Freeport-McMoRan for free with public analyst estimates for the company. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.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.
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