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Dynamic quotes 
OFFON

FREEPORT-MCMORAN INC.

(FCX)
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Freeport-McMoRan Inc. : Buyers are coming back

12/30/2020 | 10:08am EDT
long trade
Target price hit
Entry price : 26.12$ | Target : 29$ | Stop-loss : 24$ | Potential : 11.03%
The return of higher trading volumes and volatility could reflect theoretically the starting point of the return of a new upward move for shares in Freeport-McMoRan Inc.. The upward movement can be expected to continue.
Investors have an opportunity to buy the stock and target the $ 29.
Freeport-McMoRan Inc. : Freeport-McMoRan Inc. : Buyers are coming back
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • In a short-term perspective, the company has interesting fundamentals.

Strengths
  • Growth progress expectations are rather promising. Indeed, sales are expected to rise sharply in the coming years.
  • Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
  • For the past twelve months, EPS forecast has been revised upwards.
  • For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
  • Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
  • The tendency within the weekly time frame is positive above the technical support level at 12.24 USD

Weaknesses
  • The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
  • The stock is close to a major daily resistance at USD 25.06, which should be gotten rid of so as to gain new appreciation potential.
  • Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
  • Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
  • With an expected P/E ratio at 125.94 and 14.26 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
  • The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

© MarketScreener.com 2020

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (USD)
Sales 2021 22 831 M - -
Net income 2021 4 517 M - -
Net Debt 2021 1 041 M - -
P/E ratio 2021 12,6x
Yield 2021 0,76%
Capitalization 55 302 M 55 302 M -
EV / Sales 2021 2,47x
EV / Sales 2022 2,17x
Nbr of Employees 24 500
Free-Float 91,2%
Upcoming event on FREEPORT-MCMORAN INC.
01/27/22
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 37,67 $
Average target price 41,26 $
Spread / Average Target 9,54%
EPS Revisions
Managers and Directors
Richard C. Adkerson Chairman & Chief Executive Officer
Kathleen L. Quirk President & Chief Financial Officer
Bertrand L. Odinet Chief Information, Innovation Officer & VP
Stephen T. Higgins Chief Administrative Officer & Senior VP
Frances Fragos Townsend Independent Director
Sector and Competitors