
Freeport-McMoRan (FCX) Stock Forecast & Price Target
Freeport-McMoRan (FCX) Analyst Ratings
Bulls say
Freeport-McMoRan has solidified its position as one of the world's largest copper producers, with a production volume of approximately 1.2 million metric tons of copper and favorable forecasts for continued copper output through midcycle in 2029 alongside substantial gold and molybdenum sales. The company has about 25 years of copper reserves, coupled with an anticipated average increase of 5% in gold production from 2025 to 2027, further reinforcing its growth trajectory. Additionally, while the company is increasing its capital expenditures to support discretionary spending and potential growth projects, it is poised to benefit from a positive long-term outlook for copper prices and declining unit costs in North America.
Bears say
Freeport-McMoRan experienced a decline in adjusted EBITDA, which fell by 22% quarter-over-quarter and 8% year-over-year, indicating potential operational inefficiencies. The updated three-year operating guidance, particularly for 2025 copper sales and capital expenditures planned for 2025-2026, fell short of expectations, leading to forecasts of negligible free cash flow for the year. Additionally, the company's revenue of $5.72 billion was 6% weaker than anticipated, exacerbated by a significant increase in capital expenditure projections, which rose above previous forecasts.
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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