Freeport-McMoRan Inc. (FCX, Financial) has reaffirmed its annual guidance for copper and gold sales volumes, aligning with projections made in January 2025. The company anticipates a boost in sales volumes and a reduction in unit net cash costs throughout the remainder of the year.
This optimistic outlook is bolstered by ongoing initiatives to advance organic growth opportunities, which Freeport-McMoRan is actively pursuing. These developments are expected to enhance operations and contribute positively to the company's financial performance in 2025.
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.
