Summary Highlights:
- Freeport-McMoRan (FCX, Financial) exceeds copper production forecasts despite shipment delays.
- Analysts predict a potential 22.97% stock price increase for FCX.
- Current brokerage recommendations suggest an "Outperform" status for the company.
Freeport-McMoRan Inc. (NYSE: FCX) has delivered an impressive performance in the first quarter of 2025. Despite encountering timing-related delays in gold shipments, the company robustly surpassed copper production expectations. Reporting a substantial quarterly EBITDA of $1.9 billion and a strategic repurchase of 2.3 million shares amounting to $80 million, Freeport-McMoRan is setting the stage for a promising financial trajectory. Aiming for a 40% increase in leach production by 2025, the company is positioning itself for heightened margins and profitability.
Wall Street Analysts Forecast
In terms of Wall Street's outlook, Freeport-McMoRan Inc. (FCX, Financial) is receiving noteworthy attention. According to estimates from 18 analysts, the average one-year target price for FCX stands at $45.99. Projections range from a high of $60.04 to a low of $30.12, presenting an impressive potential upside of 22.97% from the current trading price of $37.40. Investors seeking further details can refer to the Freeport-McMoRan Inc. (FCX) Forecast page.
The consensus recommendation from 22 brokerage firms currently positions Freeport-McMoRan Inc. (FCX, Financial) with an average brokerage recommendation of 2.1, categorizing it as "Outperform". This recommendation scale spans from 1 to 5, where 1 denotes a Strong Buy and 5 suggests a Sell.
GuruFocus metrics further strengthen investor confidence with an estimated GF Value for Freeport-McMoRan Inc. (FCX, Financial) of $47.28 in the upcoming year. This suggests a potential upside of 26.42% from the current price of $37.40. The GF Value reflects GuruFocus' fair value estimation, derived from historical trading multiples and future performance projections. For a detailed analysis, investors are encouraged to explore the Freeport-McMoRan Inc. (FCX) Summary page.
