Freeport-McMoRan found using ticker (FCX) now have 20 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 55 and 28 with a mean TP of 44.85. With the stocks previous close at 43.02 this now indicates there is a potential upside of 4.3%. The day 50 moving average is 40.83 while the 200 day moving average is 38.13. The market capitalisation for the company is $61,624m. Find out more information at: https://fcx.com
The potential market cap would be $64,246m 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.
