Key Highlights:
- Freeport-McMoRan (FCX, Financial) posts solid Q3 earnings, beating both EPS and revenue forecasts.
- Analysts project a 30.70% upside, with target prices ranging from $30.12 to $60.04.
- The GF Value suggests a 34.36% increase, reflecting potential growth from current levels.
Freeport-McMoRan (NYSE: FCX) has reported better-than-expected Q3 financial results, with a non-GAAP earnings per share of $0.24, surpassing analysts' expectations by $0.01. Additionally, the company's revenue reached $5.73 billion, exceeding forecasts by $260 million. This performance comes despite facing challenges such as tariffs and declining key metrics.
Wall Street Analysts' Forecast for FCX
According to 18 Wall Street analysts, the average one-year price target for Freeport-McMoRan Inc (FCX, Financial) is $45.99. These targets vary, with the highest estimate at $60.04 and the lowest at $30.12. The average target suggests a potential upside of 30.70% from the current price of $35.19. For more detailed projections, visit the Freeport-McMoRan Inc (FCX) Forecast page.
The consensus among 22 brokerage firms rates Freeport-McMoRan Inc (FCX, Financial) at an average recommendation of 2.1, indicating an "Outperform" status. This rating scale ranges from 1 to 5, with 1 representing a Strong Buy and 5 indicating a Sell.
Understanding the GF Value Estimate
GuruFocus estimates that the GF Value for Freeport-McMoRan Inc (FCX, Financial) in one year is $47.28. This indicates a potential upside of 34.36% from the current stock price of $35.19. The GF Value is calculated based on historical trading multiples, past business growth, and projected future performance. For a more comprehensive analysis, explore the Freeport-McMoRan Inc (FCX) Summary page.
