- Freeport-McMoRan (FCX, Financial) outperformed earnings expectations in Q1 with a notable increase in revenue.
- Analysts see a potential 30.70% upside in FCX stock, with a consensus "Outperform" rating.
- GuruFocus estimates a 34.36% upside based on the GF Value metric.
Strong First Quarter Earnings
Freeport-McMoRan (FCX) displayed a robust financial performance in the first quarter, reporting a non-GAAP EPS of $0.24. This result slightly surpassed market estimates by $0.01, showcasing the company's ability to exceed analyst expectations. Furthermore, Freeport-McMoRan achieved a revenue of $5.73 billion, surpassing forecasts by $260 million. The company successfully produced 868 million pounds of copper and maintains a bullish outlook with an expectation of 4.0 billion pounds in annual sales.
Analyst Price Targets
In anticipation of Freeport-McMoRan's stock performance, 18 analysts have provided one-year price targets, averaging at $45.99. These projections range from a low of $30.12 to a peak of $60.04. The average target price suggests a potential upside of 30.70% from the current trading price of $35.19. To explore a more detailed analysis, visit the Freeport-McMoRan Inc (FCX, Financial) Forecast page.
Brokerage Recommendations
Reflecting a positive sentiment among brokerage firms, Freeport-McMoRan Inc (FCX, Financial) currently holds an average brokerage recommendation of 2.1, categorizing the stock under "Outperform". The recommendation scale ranges from 1 to 5, where 1 signals a Strong Buy and 5 denotes a Sell.
GuruFocus Value Insights
According to GuruFocus estimates, the projected GF Value for Freeport-McMoRan Inc (FCX, Financial) in the coming year is $47.28. This valuation reflects a prospective upside of 34.36% from the current share price of $35.19. The GF Value represents GuruFocus' assessment of the fair trading value, calculated based on historical trading multiples, past business growth, and future performance estimates. For more comprehensive data, visit the Freeport-McMoRan Inc (FCX) Summary page.
