Freeport-McMoRan, Inc. which can be found using ticker (FCX) have now 20 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 60 and 24 and has a mean target at $45.88. Given that the stocks previous close was at $41.20 this is indicating there is a potential upside of 11.4%. There is a 50 day moving average of $41.21 and the 200 day MA is $35.06. The company has a market capitalization of $57,600m. Company Website: https://fcx.com
The potential market cap would be $64,142m based on the market consensus.
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. The company’s 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. It also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. 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.
The company has a dividend yield of 1.46% with the ex dividend date set at 13-4-2023 (DMY).
Other points of data to note are a P/E ratio of 16.85, revenue per share of 15.81 and a 8.9% return on assets.
