
Freeport-McMoRan (FCX) Stock Forecast & Price Target
Freeport-McMoRan (FCX) Analyst Ratings
Bulls say
Freeport-McMoRan, a leading global copper miner, benefits from significant ownership of copper and gold operations, including a 49% stake in Grasberg and a long mine life with 25 years of copper reserves. The company has experienced a rebound in copper production, selling approximately 1.2 million metric tons in 2024, and forecasts solid gold output averaging 1.6 million ounces per year through 2027, despite a slight anticipated decline in gold production from Grasberg. Additionally, Freeport-McMoRan's strategic discretionary capital expenditures, focused on growth projects and improving cost efficiencies, align with a favorable long-term outlook for copper prices and production.
Bears say
Freeport-McMoRan experienced a significant decline in adjusted EBITDA, which fell by 22% quarter-over-quarter and 8% year-over-year, raising concerns about the company's financial health. The company's updated three-year operating guidance, particularly for copper sales in 2025 and capital expenditures for 2025-2026, was below expectations, leading to a forecast of negligible free cash flow in the current year. Additionally, the reported revenue of $5.72 billion was 6% weaker than the estimate of $6.06 billion, and total capital expenditure guidance for 2025 and 2026 exceeded prior forecasts by a notable margin, highlighting potential financial strain ahead.
This aggregate rating is based on analysts' research of Freeport-McMoRan and is not a guaranteed prediction by Public.com or investment advice.
Freeport-McMoRan (FCX) Analyst Forecast & Price Prediction
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