$40.00
3.38% day before yesterday
NYSE, Sep 06, 10:10 pm CET
ISIN
US35671D8570
Symbol
FCX

Freeport-McMoRan Target price 2024 - Analyst rating & recommendation

Freeport-McMoRan Classifications & Recommendation:

Buy
71%
Hold
29%

Freeport-McMoRan Price Target

Target Price $55.26
Price $40.00
Potential
Number of Estimates 19
19 Analysts have issued a price target Freeport-McMoRan 2025 . The average Freeport-McMoRan target price is $55.26. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 24 analysts: 17 Analysts recommend Freeport-McMoRan to buy, 7 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Freeport-McMoRan stock has an average upside potential 2025 of . Most analysts recommend the Freeport-McMoRan stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 22.71 26.19
2.69% 15.34%
EBITDA Margin 35.90% 40.69%
12.48% 13.35%
Net Margin 8.11% 9.07%
44.96% 11.89%

18 Analysts have issued a sales forecast Freeport-McMoRan 2024 . The average Freeport-McMoRan sales estimate is

$26.2b
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. This is
8.01% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$27.8b 14.76%
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, the lowest is
$24.8b 2.31%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $22.7b 2.69%
2024
$26.2b 15.34%
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2025
$28.0b 6.74%
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2026
$29.5b 5.55%
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2027
$30.8b 4.41%
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2028
$31.7b 2.98%
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20 Analysts have issued an Freeport-McMoRan EBITDA forecast 2024. The average Freeport-McMoRan EBITDA estimate is

$10.7b
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. This is
22.11% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$12.0b 37.07%
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, the lowest is
$9.7b 11.12%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $8.2b 14.84%
2024
$10.7b 30.73%
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2025
$12.3b 15.05%
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2026
$13.6b 11.04%
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2027
$13.9b 2.38%
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2028
$14.2b 1.60%
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EBITDA Margin

2023 35.90% 12.48%
2024
40.69% 13.35%
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2025
43.85% 7.77%
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2026
46.13% 5.20%
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2027
45.24% 1.93%
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2028
44.63% 1.35%
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13 Freeport-McMoRan Analysts have issued a net profit forecast 2024. The average Freeport-McMoRan net profit estimate is

$2.4b
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. This is
24.16% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$3.1b 63.91%
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, the lowest is
$2.0b 6.02%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $1.8b 46.44%
2024
$2.4b 29.01%
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2025
$3.3b 37.89%
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2026
$3.8b 15.95%
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2027
$3.0b 20.27%
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2028
$3.2b 4.75%
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Net Margin

2023 8.11% 44.96%
2024
9.07% 11.89%
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2025
11.71% 29.11%
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2026
12.87% 9.91%
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2027
9.83% 23.62%
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2028
9.99% 1.63%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 1.28 1.65
46.44% 28.91%
P/E 24.22
EV/Sales 2.74

13 Analysts have issued a Freeport-McMoRan forecast for earnings per share. The average Freeport-McMoRan <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$1.65
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. This is
24.06% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$2.18 63.91%
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, the lowest is
$1.41 6.02%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $1.28 46.44%
2024
$1.65 28.91%
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2025
$2.28 38.18%
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2026
$2.64 15.79%
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2027
$2.11 20.08%
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2028
$2.21 4.74%
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P/E ratio

Current 30.18 23.54%
2024
24.22 19.75%
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2025
17.57 27.46%
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2026
15.15 13.77%
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2027
19.00 25.41%
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2028
18.14 4.53%
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Based on analysts' sales estimates for 2024, the Freeport-McMoRan stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 2.96 10.30%
2024
2.74 7.28%
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2025
2.57 6.32%
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2026
2.44 5.26%
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2027
2.33 4.22%
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2028
2.27 2.89%
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P/S ratio

Current 2.37 12.95%
2024
2.19 7.42%
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2025
2.06 6.32%
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2026
1.95 5.26%
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2027
1.87 4.23%
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2028
1.81 2.89%
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