Stock Price & Analysis

Based on the provided data and current market conditions, here's a concise analysis for FCX:

Technical Analysis

The stock is currently trading at $39.07 in pre-market with a +2.22% gain. Technical indicators show:

• RSI at 50.46 indicates neutral momentum
• MACD at -0.84 suggests slight bearish pressure
• 20-day SMA at $37.98 shows the price is trading above short-term average

Fibonacci Levels

• Resistance 1: $38.52
• Resistance 2: $39.54
• Resistance 3: $41.18
• Support 1: $35.24
• Support 2: $34.23
• Support 3: $32.58
• Pivot: $36.88

Recent Analyst Actions Multiple analysts have recently adjusted their ratings:

• RBC Capital: Hold rating with $55 price target (Feb 4, 2025)
• Jefferies: Downgraded to Hold from Strong Buy, target reduced to $40 (Jan 24, 2025)
• BMO Capital: Maintains Buy, target lowered to $50 (Jan 24, 2025)
• Scotiabank: Maintains Hold, target lowered to $45 (Jan 24, 2025)

Positive Catalysts

• Strong copper price performance, reaching 4-month highs
• Stock closed up more than 2% in recent trading, leading mining stocks higher

Recommendation Based on the current technical setup and analyst consensus, FCX appears to be in a neutral-to-bullish position in the short term. The stock is trading above key moving averages with strong support levels, though facing immediate resistance around $39.54. For short-term traders, consider entering on pullbacks to support levels around $35.24, with a stop loss below $34.23.

Based on the provided data and market context, here is the price prediction for FCX stock in 2025:

Freeport-McMoRan (FCX) is expected to reach $45-48 by end of 2025, driven by strong copper demand from energy transition and infrastructure projects. The stock is currently trading at $39.05 with an RSI of 50.46 indicating neutral momentum. The company's positive correlation with copper prices, which recently hit a 4-month high with FCX gaining over 2%, supports this bullish outlook.

The technical analysis shows key Fibonacci resistance levels at $38.52 (R1) and $39.54 (R2), with strong support at $35.24 (S1). Breaking above $39.54 could accelerate the upward momentum toward the $45-48 target range.

The mining sector is positioned for growth in 2025 as critical minerals demand increases for the clean energy transition. FCX's role as a major copper producer puts it in a strong position to benefit from this trend, supporting the higher price target.

The S1 support level for FCX Stock is $35.58 ,The R1 resistant level for FCX Stock is $40.09.

As of the end of day on 2025-02-14, the price of FCX Stock was $39.47.

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 $55.3B.

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

Valuation Analysis FCX is currently trading at $39.05 with declining valuation metrics throughout 2024. The Q4 2024 P/E ratio of 29.13 and EV/EBITDA of 7.79 show significant improvement from Q1 2024 levels (P/E: 40.96, EV/EBITDA: 9.58), indicating the stock has become more reasonably valued.

Recent Performance & Technical Analysis FCX has underperformed the broader market, declining 8.3% over the past year while the S&P 500 gained 23.3%. The stock recently entered oversold territory with an RSI reading of 28.3, suggesting potential buying opportunity from a technical perspective.

Operational Strengths

• Strong Q3 2024 performance with EBITDA of $2.7 billion
• Operating cash flows of $1.9 billion reflecting favorable unit cost performance
• 70% increase in incremental copper production from leaching initiatives
• Improved cost management with 2024 unit net cash costs expected at $1.58 per pound

Analyst Consensus The stock maintains a "Moderate Buy" rating from 18 analysts, though sentiment has become less bullish recently. The mean price target of $50.23 represents a 37.1% premium to current levels.

Conclusion Based on the comprehensive analysis, FCX appears fairly valued at current levels. While operational metrics are improving and analyst targets suggest upside potential, the stock's technical oversold condition and declining valuation multiples indicate it's not significantly overvalued. The company's strong operational performance and improving cost metrics provide fundamental support for current valuations.

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 market context, here is the price prediction analysis for FCX stock by 2030:

FCX stock is projected to reach $85-90 by 2030, driven by strong copper market fundamentals and the company's leading position in copper production. The key reasons supporting this prediction are:

Market Position & Growth Drivers

• FCX maintains its position as a leading international mining company with significant copper, gold, and molybdenum operations
• The company's strong operational performance is evidenced by its Q4 2024 results beating EPS estimates despite revenue challenges
• Growing demand for copper due to green energy transition and electric vehicle adoption provides long-term growth tailwinds

Technical Strength

• The stock shows positive momentum with copper prices recently hitting 4-month highs
• Current price levels around $39 provide significant upside potential to the 2030 target
• The stock has maintained strong support levels despite broader market volatility

Analyst Consensus

• Wall Street maintains a "Moderate Buy" rating with a mean price target of $50.23 (37.1% upside from current levels)
• Recent price target of $55 from RBC Capital suggests continued upside potential
• The company's focus on productivity improvements and cost control supports long-term value creation

The stock is expected to benefit from copper supply tightness and growing industrial demand through 2030, though investors should monitor commodity price cycles and geopolitical risks that could impact the trajectory.

FCX has a total of 27200 employees.