What 5 Analyst Ratings Have To Say About Freeport-McMoRan
Portfolio Pulse from Benzinga Insights
Over the last quarter, Freeport-McMoRan (NYSE:FCX) received one somewhat bullish and four indifferent analyst ratings. The average 12-month price target among 5 analysts is $42.4, with a high of $45.00 and a low of $40.00. This target has decreased by 0.52% from the previous average of $42.62. Analyst ratings are determined by financial analysts who specialize in stock reporting and may include forecasts for various financial metrics.
December 07, 2023 | 2:00 pm
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Freeport-McMoRan has an average analyst price target of $42.4, a slight decrease from the previous target, with a majority of analysts holding an indifferent stance on the stock.
The majority of analysts have an indifferent rating on FCX, indicating a neutral outlook, which is unlikely to cause significant short-term price movement. The slight decrease in the average price target suggests a marginal negative sentiment but is not substantial enough to suggest a strong downward pressure on the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100