Why Freeport-McMoRan (FCX) is a Top Momentum Stock for the Long-Term

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

Based in Phoenix, AZ, Freeport-McMoRan Inc., formerly Freeport-McMoRan Copper & Gold Inc., is engaged in mineral exploration and development; mining and milling of copper, gold, molybdenum and silver; as well as the smelting and refining of copper concentrates.

The company conducts its operations primarily through its principal operating subsidiaries, PT Freeport Indonesia (PT-FI), Freeport Minerals Corporation and Atlantic Copper. PT Freeport Indonesia's principal asset is Papua, Indonesia-based Grasberg mine, which contains the world's largest copper and gold reserves.

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FCX is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of A and VGM Score of A. Shares are down 1.3% over the past one week and up 7.7% over the past four weeks.

FCX has lost 14.9% in the last one-year period as well. Looking at trading volume, an average of 10,749,920 shares exchanged hands over the last 20 trading days.

Momentum investors also pay close attention to a company's earnings. For FCX, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased £0.03 to £1.65 per share for 2025.

FCX boasts an average earnings surprise of 10.5%.

With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding FCX to their portfolios.

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References

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