
Freeport-McMoRan (FCX) Stock Forecast & Price Target
Freeport-McMoRan (FCX) Analyst Ratings
Bulls say
Freeport-McMoRan's strong financial position is supported by its ownership of significant copper and gold operations, with expectations to maintain robust copper sales volumes while transitioning to a more sustainable operational model. The company has demonstrated a proactive approach to reducing greenhouse gas emissions and increasing renewable energy use, enhancing its environmental profile, which is becoming increasingly important for investors. With favorable market conditions expected to continue and the company's strategic initiatives in place, Freeport-McMoRan is well-positioned for future growth and profitability.
Bears say
Freeport-McMoRan's operational outlook appears strained, particularly with a projected decline in gold production from Grasberg, which is expected to fall to approximately 650,000 ounces by 2029 due to decreasing output. The company's valuation has been negatively impacted, reflected by a 20% anticipated drop in consensus EBITDA, leading to a reduced multiple of 4.9x. Additionally, despite updated capital expenditure guidance appearing favorable at $4.1 billion compared to previous estimates, the overall long-term net asset value has still decreased by 3%, indicating potential sustainability issues regarding production levels and profitability.
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
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