Analyst Scoreboard: 6 Ratings For Freeport-McMoRan
Portfolio Pulse from Benzinga Insights
Freeport-McMoRan (NYSE:FCX) received mixed analyst ratings with 2 somewhat bullish and 4 indifferent ratings in the past three months. The average 12-month price target is $42.0, down from $43.20. Analysts from Raymond James, UBS, Morgan Stanley, BMO Capital, and JP Morgan have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Freeport-McMoRan is a major mining company with diverse assets and has shown a revenue growth rate of 16.41% as of September 30, 2023, but faces challenges in profitability and debt management.
January 04, 2024 | 6:00 pm
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NEUTRAL IMPACT
Freeport-McMoRan has received mixed ratings from analysts, with a slight downward revision in the average price target to $42.0. The company has shown strong revenue growth but faces challenges in profitability and debt management.
The mixed analyst ratings and the slight decrease in the average price target suggest a neutral short-term impact on FCX's stock price. While the revenue growth is positive, concerns about profitability and debt management could temper investor enthusiasm.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100