8 stories mentioning FCXUpdated 39d ago
Every FINWIRES story that references FCX, newest first.
Freeport-McMoRan (FCX) has an average rating of overweight and mean price target of $69.57, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $57.05, Change: $-0.73, Percent Change: -1.27%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target by $3 to $72, on an EV/EBITDA of 6.8x our 2027 EBITDA estimate, a discount relative to FCX's three-year avg. forward EV/EBITDA of 7.3x, which we think is warranted given the delays in ramping back up previously shuttered production at Grasberg. Given the strong copper and gold price appreciation, we raise our 2026 EPS estimate by $0.29 to $2.85 and our 2027 EPS forecast by $0.80 to $4.00. FCX secured a critical MOU with Indonesia to extend Grasberg operating rights beyond 2041, providing long-term visibility for this world-class, high-grade copper-gold asset. While the Grasberg ramp-up faces near-term delays due to material handling challenges from wet ore conditions, management has identified engineering solutions expected to restore production by mid-2027. FCX's organic growth pipeline is compelling, including innovative leaching technologies targeting 800M lbs of incremental copper production, a potential Baghdad expansion doubling capacity, and El Abra expansion in Chile.
Freeport-McMoRan (FCX) has an average rating of overweight and mean price target of $70.38, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $61.57, Change: $+0.09, Percent Change: +0.15%
Freeport-McMoRan (FCX) is facing a slower production ramp-up and a temporary increase in costs at its Grasberg Block Cave mine in Indonesia, which may weigh on the company's shares, Morgan Stanley said in a note Friday.The investment bank noted, however, that the long-term prospects of the Indonesian mine remain unchanged.Morgan Stanley updated its estimates for the company following its Q1 results and now expects EBITDA of $2.44 billion in Q2, up 11% versus the previous forecast, $11.37 billion in 2026, down 10%, and $14.69 billion in 2027, down 13%, as well as $16.04 billion in 2028, a decrease of 3%.The investment firm said its EBITDA forecasts for 2026 to 2028 are 14% to 20% below the Visible Alpha consensus estimates.Morgan Stanley downgraded Freeport-McMoRan to equal-weight from overweight and cut the price target to $66 from $70.Freeport-McMoRan shares were up 0.6% in Friday trading.Price: $61.67, Change: $+0.19, Percent Change: +0.31%
Freeport-McMoRan (FCX) has an average rating of overweight and mean price target of $70.57, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Freeport-McMoRan (FCX) has an average rating of overweight and mean price target of $71.26, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $63.04, Change: $-7.32, Percent Change: -10.40%
Freeport-McMoRan (FCX) has an average rating of overweight and mean price target of $71.26, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $63.01, Change: $-7.35, Percent Change: -10.45%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:FCX reported Q1 adj. EPS of $0.57 vs. $0.24 in the prior year and $0.10 above consensus, while revenue of $6.23B increased 9% Y/Y and beat consensus by $277M. Strong commodity pricing with copper up 30% to $5.78/lb and gold up 59% to $4,889/oz offset production declines of 24% for copper and 66% for gold due to reduced Indonesia capacity. Operating income increased 64% to $2.137B despite production challenges, demonstrating substantial leverage to commodity prices, though we note this dynamic works both ways in weaker pricing environments. FCX reduced 2026 production guidance to 3.1B lbs copper (down 300M lbs) and 650k oz gold due to Grasberg restart delays. The revised timeline now targets 65% capacity in 2H 2026, 80% by mid-2027, and full capacity by end-2027, representing a meaningful delay from previous expectations. Leaching technologies contributed 54M lbs in Q1, supporting the 300M lbs 2026 target and 800M lbs goal by 2030, while geographic diversification continues providing cash flow stability.
