Freeport-McMoRan's Copper Sales Fall Sparks Mixed Analyst Reactions, Long-Term Upside Remains In Play
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 24 2025
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Source: Benzinga
Analyst Revisions: Following Freeport-McMoRan's fourth-quarter results, analysts have adjusted price forecasts and ratings, with JP Morgan maintaining a $48 target and Neutral rating, while others like Jefferies downgraded from Buy to Hold, lowering the forecast to $40.
Sales Expectations: The company anticipates significant sales volumes for 2025 but faces challenges in the first quarter due to paused shipments and higher costs, leading to expected cuts in earnings estimates despite potential long-term growth opportunities.
Analyst Views on COPP
Wall Street analysts forecast COPP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COPP 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: 39.930
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Current: 39.930
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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.
