Freeport-McMoRan, Inc. which can be found using ticker (FCX) now have 20 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 60 and 24 calculating the average target price we see $45.83. Given that the stocks previous close was at $42.12 this would indicate that there is a potential upside of 8.8%. It’s also worth noting that there is a 50 day moving average of $40.57 and the 200 moving average now moves to $35.55. The market cap for the company is $61,462m. Visit the company website at: https://fcx.com
The potential market cap would be $66,876m 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 1.42% with the ex dividend date set at 13-4-2023 (DMY).
Other points of data to note are a P/E ratio of 17.97, revenue per share of 15.81 and a 8.9% return on assets.
