Stock Price & Analysis

Based on the provided data and recent market developments, here's a comprehensive analysis of FCX stock:

Technical Analysis

The stock is currently showing mixed technical signals:

• Trading at $38.61, forming a consolidation pattern between $37-39 range
• RSI-14 at 42.56 indicates neutral momentum
• MACD shows slight bullish divergence with positive histogram (0.17)
• Stochastic RSI (14,14,3,3) at 59.02 suggests moderate upward momentum

Recent Developments

1. Export Agreement Update: Indonesia has allowed FCX to resume copper concentrate exports but with higher export duties due to smelter repair delays. The company seeks a 1.3M tons export quota for 2025 to manage inventory.

2. Q4 2024 Performance:

• Revenue declined 3.1% YoY to $5.72B
• EPS dropped 42% to $0.19
• Stock fell ~12% post-earnings but has shown recovery signs

Analyst Sentiment

Recent analyst ratings show mixed views:

• RBC Capital: Hold rating with $55 price target
• Jefferies: Mixed ratings between Buy ($48) and Hold ($40)
• Overall consensus: "Moderate Buy" with mean price target of $50.23 (37.1% upside)

Fundamental Outlook

For 2025, FCX expects:

• Copper sales: 4.0B pounds
• Gold sales: 1.6M ounces
• Molybdenum: 88M pounds
• Operating cash flows: $6.2B
• 8% increase in U.S. copper production

Technical Support/Resistance Levels

• Fibonacci Support levels: S1: $37.22, S2: $36.29
• Fibonacci Resistance levels: R1: $40.25, R2: $41.19
• Current price ($38.61) sits between S1 and R1, suggesting a neutral trading range

Recommendation

HOLD. While FCX shows promising long-term fundamentals driven by copper demand growth and operational improvements, current technical indicators suggest a consolidation phase. Consider:

• Entry points near support at $37.22
• Take profits near resistance at $40.25
• Stop loss below $36.29

Based on the provided data and recent market developments, here's a comprehensive analysis of FCX's price prediction for 2025:

Technical Analysis

The technical indicators show:

• RSI (14) at 42.56 indicates neutral momentum
• MACD shows slight bearish divergence (-0.09)
• Stock is trading between Bollinger Bands (BBL: 33.71, BBM: 37.55, BBU: 41.39)
• Currently trading below both 200-day SMA (44.78) and 250-day SMA (44.89)

Price Target Analysis

Based on multiple factors, FCX's stock price prediction for 2025:

• Base Case ($46): According to analyst consensus, the mean price target is $50.23, representing a 37.1% premium to current levels. RBC Capital maintains a price target of $55.

• Conservative Case ($38): Support levels from Fibonacci analysis show strong support at $37.22, with secondary support at $36.29. The stock is currently showing oversold conditions with RSI readings hitting 28.3.

• Bullish Case ($55-62): The Street-high price target suggests an upside potential of 69.2% to $62. This scenario is supported by:

  • Expected production increase: 4.0 billion pounds of copper, 1.6 million ounces of gold in 2025
  • Projected operating cash flows of $6.2 billion
  • 8% increase in U.S. copper production

Most Likely Scenario: $46 (Base Case)

• Strong fundamentals with improving production outlook
• Indonesian smelter restart by mid-2025
• Continued demand growth from global energy transition
• Higher gold production guidance (+7% vs previous estimates)

The S1 support level for FCX Stock is $36.54 ,The R1 resistant level for FCX Stock is $40.19.

As of the end of day on 2025-02-27, the price of FCX Stock was $37.53.

The target price for FCX Stock according to analyst rating is 48.36, with the highest price target at 56.00 and the lowest at 40.00. Analysts have a Moderate Buy rating on FCX Stock overall.

The market cap of FCX is $53.8B.

Based on the provided data and recent market developments, I'll analyze whether FCX is overvalued through multiple perspectives:

Technical Analysis FCX is currently trading at $38.61, showing bearish signals in the short term:

• RSI-14 at 42.56 indicates neutral momentum but trending downward
• MACD line below signal line with negative divergence
• Trading below both 200-day ($44.78) and 250-day ($44.89) moving averages

Valuation Metrics

• Current P/E ratio of 33.35x (2023) is significantly higher than 15.93x in 2022
• EV/EBITDA of 9.07x (2023) vs 7.30x (2022) shows expanding multiples
• P/S ratio increased to 2.69x from 2.42x year-over-year
• P/B ratio at 3.66x vs industry average around 2.5x

Financial Performance

• Revenue remained relatively flat at $22.86B in 2023 vs $22.78B in 2022
• Net income declined 47% to $1.84B in 2023 from $3.46B in 2022
• Net margin contracted to 16.41% from 19.66%
• ROE decreased significantly to 11.42% from 23.44%

Recent Developments According to recent reports, FCX faces operational challenges at its Indonesian mine and smelter issues, which could impact near-term performance. The stock has dropped around 12% post Q4 results.

Based on these factors, FCX appears overvalued at current levels due to deteriorating fundamentals, premium valuation multiples compared to historical levels, and operational challenges impacting near-term outlook.

Freeport-McMoRan Inc. is an international mining company. The Company operates geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. Its portfolio of assets includes the Grasberg minerals district in Indonesia, which is a copper and gold deposits, and significant mining operations in North America and South America, including the Morenci minerals district in Arizona and the Cerro Verde operation in Peru. Its segments include the Morenci, Cerro Verde and Grasberg (Indonesia mining) copper mines, the Rod & Refining operations and Atlantic Copper Smelting & Refining. In North America, it operates seven copper mines: Morenci, Bagdad, Safford (including Lone Star), Sierrita and Miami in Arizona, and Chino and Tyrone in New Mexico, and two molybdenum mines: Henderson and Climax in Colorado. In South America, it also operates the El Abra copper mine. The Morenci mine produces copper cathode, copper concentrate and molybdenum concentrate.

Based on the provided data and recent market developments, I'll analyze FCX's potential price movement towards 2030:

Technical Analysis & Current Position

Current Market Position:

• Current Price: $38.61 (as of Feb 23, 2025)
• 52-week range: $34.89 - $55.24
• RSI recently showed oversold conditions at 28.3 in late January

Fundamental Drivers:

• Copper Production Outlook: FCX maintains strong copper reserves with approximately 25 years at current production rates
• Production Forecast: Expected to maintain similar copper volumes through 2029, though gold production may decline to about 700,000 ounces from current 900,000 ounces
• Revenue Diversification: Strong mix between copper (60%), gold (15%), and other minerals

Price Target Analysis for 2030: Based on current analyst consensus and long-term industry projections, FCX stock is expected to reach $85-90 by 2030. This projection is supported by:

1. Growing copper demand from EV and renewable energy sectors
2. Limited new copper supply coming online globally
3. Company's strong operational efficiency and cost control measures
4. Strategic positioning in key mining regions

Key Catalysts:

• Copper market fundamentals remain strong with growing industrial demand
• Company's continued operational improvements and cost management
• Strategic expansion of existing mines and potential new projects
• Growing focus on sustainable mining practices

FCX has a total of 27200 employees.