Freeport-McMoRan Misses Q4 Revenue Estimates, Shares Slide As Copper Sales And Revenue Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 23 2025
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Source: Benzinga
Fourth Quarter Results: Freeport-McMoRan reported fourth-quarter FY24 revenue of $5.72 billion, missing expectations, with copper sales slightly above estimates but down year-over-year due to lower ore grades. Adjusted EPS was $0.31, surpassing the consensus of $0.22.
2025 Outlook: The company anticipates increased copper production and operating cash flows of approximately $6.2 billion in 2025, while warning of a potential long-term deficit in global copper supply driven by rising demand from electrification.
Analyst Views on COPA
Wall Street analysts forecast COPA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COPA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 48.747
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
