• Jefferies downgraded Freeport-McMoRan Inc. (NYSE:FCX) to a "Hold" rating, with the stock price at $38.50.
• The company's Q4 2024 earnings call highlighted its financial performance, drawing attention from analysts across major financial institutions.
• Despite a recent downgrade, Freeport-McMoRan's market capitalization of approximately $55.32 billion and active trading volume indicate its significant presence in the mining industry.

Freeport-McMoRan Inc. (NYSE:FCX) is a leading mining company known for its significant copper, gold, and molybdenum reserves. The company operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold, and molybdenum. It competes with other major mining companies like BHP Group and Rio Tinto in the global market.

On January 23, 2025, Jefferies downgraded Freeport-McMoRan to a "Hold" rating, with the stock price at $38.50. This downgrade coincided with the company's Q4 2024 earnings conference call, where key executives, including Chairman Richard Adkerson and CEO Kathleen Quirk, discussed the company's financial performance. The call attracted analysts from major financial institutions, highlighting the market's keen interest in FCX's performance.

The stock price of FCX is currently $38.50, marking a 1.51% decrease or $0.59 drop. On the same day, the stock traded between $36.46 and $38.70, indicating some volatility. Over the past year, FCX has seen a high of $55.24 and a low of $36.26, reflecting the fluctuations in the mining sector and broader market conditions.

Freeport-McMoRan's market capitalization is approximately $55.32 billion, showcasing its substantial presence in the mining industry. The trading volume on the NYSE reached 30.39 million shares, indicating active investor interest. Despite the recent downgrade, the company's large market cap and trading volume suggest it remains a significant player in the industry.