Freeport-McMoRan, Inc. with ticker code (FCX) now have 20 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 60 and 24 calculating the mean target price we have 45.08. With the stocks previous close at 41.74 this indicates there is a potential upside of 8.0%. The 50 day moving average now sits at 41.82 while the 200 day moving average is 34.88. The market capitalisation for the company is $61,033m. Visit the company website at: https://fcx.com
The potential market cap would be $65,917m based on the market concensus.
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.
