World's Largest Copper Producer Freeport Estimates Proposed Tariffs Could Raise US Cost Of Goods Purchased By 5%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2025
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Source: Benzinga
Quarterly Performance: Freeport-McMoRan reported a first-quarter FY25 revenue of $5.73 billion, surpassing expectations, with copper sales volumes at 872 million pounds despite a year-over-year decline due to maintenance in Indonesia. Adjusted EPS was $0.24, and operating cash flow totaled $1.06 billion.
2025 Outlook: The company anticipates copper sales volumes of 4.0 billion pounds and expects a reduction in average unit net cash costs for U.S. copper mines, projecting operating cash flows of approximately $7 billion and capital expenditures of $4.4 billion for the year.
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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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.
