
Freeport-McMoRan (FCX) Stock Forecast & Price Target
Freeport-McMoRan (FCX) Analyst Ratings
Bulls say
Freeport-McMoRan is one of the world's largest copper miners, and its ownership stakes in the Grasberg mine in Indonesia, Cerro Verde mine in Peru, and Morenci mine in Arizona make it a major player in the global market. With strong reserves of copper and gold, and a positive outlook on future production and valuation, the company is expected to continue delivering strong financial performance in the coming years. This is driven by its attractive risk-reward profile, with positive developments such as the recent Grasberg licence extension leading to an 8% accretion to NAVPS and de-risking of the asset's long-term future.
Bears say
Freeport-McMoRan is a large copper miner with a significant stake in the Grasberg mine complex in Indonesia. However, due to a recent mud rush incident and infrastructure damage, the restart of the mine has been delayed, leading to negative guidance adjustments and lower projected EBITDA and FCF. This has resulted in the stock trading at a discounted multiple compared to its peers.
This aggregate rating is based on analysts' research of Freeport-McMoRan and is not a guaranteed prediction by Public.com or investment advice.
Freeport-McMoRan (FCX) Analyst Forecast & Price Prediction
Start investing in Freeport-McMoRan (FCX)
Order type
Buy in
Order amount
Est. shares
0 shares