Reported about 11 hours ago
Freeport-McMoRan has faced a significant stock drop due to a production setback caused by a tragic incident at its Indonesian mine, resulting in an estimated 35% decrease in production for 2026. While this raises concerns about short-term revenue loss, long-term investors may see this as an opportune moment to buy, especially since management expects a recovery to pre-incident production levels by 2027. However, potential investors are advised to wait for further clarity from an upcoming analyst call scheduled for November.
Source: YAHOO