Breaking Down Freeport-McMoRan: 9 Analysts Share Their Views
Across the recent three months, 9 analysts have shared their insights on Freeport-McMoRan (NYSE:FCX[1]), expressing a variety of opinions spanning from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Total Ratings | 2 | 5 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 1 | 0 | 0 |
| 3M Ago | 1 | 4 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of £45.56, with a high estimate of £52.00 and a low estimate of £39.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 3.31%.
Deciphering Analyst Ratings: An In-Depth Analysis
The standing of Freeport-McMoRan among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Orest Wowkodaw | Scotiabank | Raises | Sector Outperform | £48.00 | £43.00 |
| Orest Wowkodaw | Scotiabank | Raises | Sector Perform | £43.00 | £40.00 |
| Chris LaFemina | Jefferies | Raises | Buy | £50.00 | £48.00 |
| Timna Tanners | Wolfe Research | Announces | Outperform | £39.00 | - |
| Daniel Major | UBS | Lowers | Buy | £45.00 | £52.00 |
| Bill Peterson | JP Morgan | Lowers | Overweight | £42.00 | £52.00 |
| Orest Wowkodaw | Scotiabank | Lowers | Sector Perform | £40.00 | £45.00 |
| Brian MacArthur | Raymond James | Raises | Outperform | £51.00 | £49.00 |
| Bill Peterson | JP Morgan | Raises | Overweight | £52.00 | £48.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Freeport-McMoRan.
This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Freeport-McMoRan compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Freeport-McMoRan's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into Freeport-McMoRan's market performance, consider these analyst evaluations alongside crucial financial indicators.
Stay well-informed and make prudent decisions using our Ratings Table. Stay up to date on Freeport-McMoRan analyst ratings.[2]
About Freeport-McMoRan
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume.
It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2024. We expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
Key Indicators: Freeport-McMoRan's Financial Health
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages.
This signals substantial size and strong market recognition. Revenue Challenges: Freeport-McMoRan's revenue growth over 3M faced difficulties. As of 31 March, 2025, the company experienced a decline of approximately -9.38%.
This indicates a decrease in top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers. Net Margin: Freeport-McMoRan's net margin falls below industry averages, indicating challenges in achieving strong profitability.
With a net margin of 6.15%, the company may face hurdles in effective cost management. Return on Equity (ROE): Freeport-McMoRan's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.0%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Freeport-McMoRan's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.64%, the company may face hurdles in achieving optimal financial returns. Debt Management: Freeport-McMoRan's debt-to-equity ratio stands notably higher than the industry average, reaching 0.53.
This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Core of Analyst Ratings: What Every Investor Should Know
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights. Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market[3]. This article was generated by Benzinga's automated content engine and reviewed by an editor.
Latest Ratings for FCX
| Jun 2025 | Scotiabank | Upgrades | Sector Perform | Sector Outperform |
| May 2025 | Scotiabank | Maintains | Sector Perform | Sector Perform |
| Apr 2025 | Jefferies | Maintains | Buy | Buy |
View More Analyst Ratings for FCX[4] View the Latest Analyst Ratings[5]
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
References
- ^ FCX (www.nasdaq.com)
- ^ Stay up to date on Freeport-McMoRan analyst ratings. (www.benzinga.com)
- ^ Click here to stay ahead of the market (www.benzinga.com)
- ^ View More Analyst Ratings for FCX (www.benzinga.com)
- ^ View the Latest Analyst Ratings (www.benzinga.com)