Unveiling 8 Analyst Insights On Freeport-McMoRan

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8 analysts have shared their evaluations of Freeport-McMoRan FCX during the recent three months, expressing a mix of bullish and bearish perspectives.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 3 3 0 0
Last 30D 0 0 1 0 0
1M Ago 1 2 2 0 0
2M Ago 1 1 0 0 0
3M Ago 0 0 0 0 0

In the assessment of 12-month price targets, analysts unveil insights for Freeport-McMoRan, presenting an average target of $54.0, a high estimate of $59.00, and a low estimate of $51.00. This upward trend is apparent, with the current average reflecting a 13.68% increase from the previous average price target of $47.50.

Exploring Analyst Ratings: An In-Depth Overview

An in-depth analysis of recent analyst actions unveils how financial experts perceive Freeport-McMoRan. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Curt Woodworth UBS Raises Neutral $54.00 $41.00
David Coleman Argus Research Raises Buy $54.00 $44.00
Orest Wowkodaw Scotiabank Lowers Sector Outperform $53.00 $55.00
Brian MacArthur Raymond James Raises Outperform $54.00 $49.50
Bill Peterson JP Morgan Lowers Neutral $51.00 $52.00
Bill Peterson JP Morgan Raises Neutral $52.00 $43.00
Orest Wowkodaw Scotiabank Raises Sector Outperform $55.00 $48.00
Lawson Winder B of A Securities Announces Buy $59.00 -

Key Insights:

  • Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Freeport-McMoRan. This insight gives a snapshot of analysts' perspectives on the current state of the company.
  • Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Freeport-McMoRan compared to the broader market.
  • Price Targets: Gaining insights, analysts provide estimates for the future value of Freeport-McMoRan's stock. This comparison reveals trends in analysts' expectations over time.

For valuable insights into Freeport-McMoRan's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on Freeport-McMoRan analyst ratings.

About Freeport-McMoRan

Freeport-McMoRan Inc is an international mining company. It has organized its mining operations into four primary divisions: North America copper mines, South America mining, Indonesia mining and Molybdenum mines. Its reportable segments include the Morenci, Cerro Verde and Grasberg (Indonesia mining) copper mines, the Rod & Refining operations and Atlantic Copper Smelting and Refining. It derives key revenue from the sale of Copper.

Understanding the Numbers: Freeport-McMoRan's Finances

Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.

Revenue Growth: Freeport-McMoRan's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 17.29%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Materials sector.

Net Margin: Freeport-McMoRan's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 7.48%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Freeport-McMoRan's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.81%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): Freeport-McMoRan's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.89%, the company may encounter challenges in delivering satisfactory returns from its assets.

Debt Management: Freeport-McMoRan's debt-to-equity ratio stands notably higher than the industry average, reaching 0.56. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.

What Are Analyst Ratings?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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