Freeport-McMoRan with ticker code (FCX) have now 20 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 65 and 29 calculating the average target price we see 50.05. With the stocks previous close at 41.65 this would indicate that there is a potential upside of 20.2%. The 50 day MA is 47.31 and the 200 day MA is 39.94. The company has a market capitalisation of $58,271m. Company Website: https://fcx.com
The potential market cap would be $70,024m based on the market concensus.
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. As of December 31, 2021, it operated approximately 135 wells. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona.
