Freeport-McMoRan (FCX, Financial) is forecasting robust growth in its copper sales over the coming years, with expectations to reach 4 billion pounds in 2025. This momentum is set to continue with projected sales of 4.3 billion pounds annually for both 2026 and 2027. These projections underscore the company's optimism regarding sustained demand for copper in the near future.
In addition to copper, Freeport-McMoRan has also outlined its sales expectations for gold and molybdenum. Gold sales are anticipated to hold steady at 1.6 million ounces in both 2025 and 2026, before seeing a slight dip to 1.5 million ounces in 2027. Meanwhile, molybdenum sales are expected to grow, with projections of 88 million pounds in 2025 and 90 million pounds in both 2026 and 2027.
The company has also disclosed its capital expenditure plans, with an expected allocation of $4.4 billion in 2026. These financial commitments reflect Freeport-McMoRan's strategic focus on enhancing its production capabilities and meeting future market demands.
The outlined projections come as part of the company’s recent quarterly earnings presentation, providing valuable insights into Freeport-McMoRan's growth strategy and market outlook for the upcoming years.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Freeport-McMoRan Inc (FCX, Financial) is $45.99 with a high estimate of $60.04 and a low estimate of $30.12. The average target implies an upside of 30.70% from the current price of $35.19. More detailed estimate data can be found on the Freeport-McMoRan Inc (FCX) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Freeport-McMoRan Inc's (FCX, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Freeport-McMoRan Inc (FCX, Financial) in one year is $47.28, suggesting a upside of 34.36% from the current price of $35.19. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Freeport-McMoRan Inc (FCX) Summary page.
