$45.61
1.31% day before yesterday
NYSE, Nov 01, 09:00 pm CET
ISIN
US35671D8570
Symbol
FCX

Freeport-McMoRan Target price 2024 - Analyst rating & recommendation

Freeport-McMoRan Classifications & Recommendation:

Buy
72%
Hold
28%

Freeport-McMoRan Price Target

Target Price $56.36
Price $45.59
Potential
Number of Estimates 20
20 Analysts have issued a price target Freeport-McMoRan 2025 . The average Freeport-McMoRan target price is $56.36. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 25 analysts: 18 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 25.96
2.69% 14.32%
EBITDA Margin 35.90% 39.82%
12.48% 10.93%

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

$26.0b
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. This is
3.14% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$26.6b 5.83%
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, the lowest is
$25.2b 0.18%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $22.7b 2.69%
2024
$26.0b 14.32%
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2025
$27.6b 6.32%
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2026
$29.6b 7.22%
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2027
$33.6b 13.60%
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2028
$35.7b 6.33%
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20 Analysts have issued an Freeport-McMoRan EBITDA forecast 2024. The average Freeport-McMoRan EBITDA estimate is

$10.3b
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. This is
12.44% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$11.0b 19.81%
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, the lowest is
$9.6b 4.83%
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.

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

EBITDA Estimates

2023 $8.2b 14.84%
2024
$10.3b 26.83%
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2025
$12.0b 16.36%
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2026
$13.6b 13.33%
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2027
$14.5b 6.04%
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2028
$15.9b 9.85%
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EBITDA Margin

2023 35.90% 12.48%
2024
39.82% 10.93%
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2025
43.58% 9.44%
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2026
46.07% 5.71%
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2027
43.00% 6.66%
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2028
44.42% 3.30%
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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 1.51
46.44% 17.97%
P/E 30.13
EV/Sales 3.03

11 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

$1.51
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. This is
9.42% 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
$1.66 20.29%
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, the lowest is
$1.34 2.90%
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.

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

Earnings Per Share

2023 $1.28 46.44%
2024
$1.51 17.97%
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2025
$2.08 37.75%
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2026
$2.59 24.52%
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2027
$2.29 11.58%
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2028
$2.66 16.16%
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P/E ratio

Current 33.07 46.20%
2024
30.13 8.89%
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2025
21.93 27.22%
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2026
17.63 19.61%
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2027
19.95 13.16%
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2028
17.14 14.09%
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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 3.13 13.82%
2024
3.03 3.13%
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2025
2.85 5.95%
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2026
2.66 6.74%
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2027
2.34 11.98%
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2028
2.20 5.95%
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P/S ratio

Current 2.54 17.43%
2024
2.46 3.04%
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2025
2.31 5.95%
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2026
2.16 6.74%
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2027
1.90 11.97%
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2028
1.79 5.95%
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