Key Highlights:
- Freeport-McMoRan (FCX, Financial) benefits from higher U.S. copper prices, though international tariff concerns loom.
- Analysts project a potential 9.44% upside with a price target of $46.30.
- Freeport-McMoRan holds an "Outperform" rating with a notable GF Value upside of 12.21%.
Freeport-McMoRan (FCX) stands to benefit from the surge in U.S. copper prices, supported by potential tariffs that elevate the price disparity with London. Currently, Comex copper sees a boost of over 9% compared to London prices. CEO Kathleen Quirk acknowledges these benefits but also highlights potential risks, warning that expansive tariffs may dampen global copper demand, which could impact Freeport-McMoRan's international operations.
Wall Street Analysts Forecast
According to projections by 18 analysts, the average one-year price target for Freeport-McMoRan Inc (FCX, Financial) stands at $46.30. Expectations vary, with a high estimate of $60.04 and a low of $27.32, suggesting a potential upside of 9.44% from its current trading price of $42.31. Investors can explore further detailed estimates on the Freeport-McMoRan Inc (FCX) Forecast page.
The consensus among 21 brokerage firms rates Freeport-McMoRan Inc (FCX, Financial) at 2.1, which is interpreted as an "Outperform." This rating is based on a scale where 1 signifies Strong Buy and 5 indicates Sell.
In terms of valuation, GuruFocus's estimates predict a GF Value of $47.47 for Freeport-McMoRan Inc (FCX, Financial) in one year. This projection suggests a potential upside of 12.21% from the current price of $42.305. The GF Value is a calculated metric reflecting historical trading multiples, past business growth, and future business performance estimates. For more comprehensive information, visit the Freeport-McMoRan Inc (FCX) Summary page.
