Professional
Added to YB: 2025-03-21
Pitch date: 2025-03-20
FCX [bullish]
Freeport-McMoRan Inc.
+58.76%
current return
Author Info
No bio for this author
Company Info
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia.
Market Cap
$87.8B
Pitch Price
$39.41
Price Target
52.00 (-17%)
Dividend
0.98%
EV/EBITDA
11.40
P/E
40.19
EV/Sales
4.10
Sector
Metals and Mining
Category
special_situation
JPMorgan Upgrades Freeport-McMoRan (FCX) to Overweight, Raises Target to $52
FCX upgraded: JPM to OW, PT $52. US copper tariffs likely to maintain premium pricing for FCX's US footprint. Long-term supply challenges support favorable pricing. 10% COMEX-LME premium since Feb, benefiting FCX's 10% US op profit, 20% post-tax earnings. Trump 2.0 trade policy suggests likely protectionism for US copper imports.
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