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Dynamic quotes 
OFFON

FREEPORT-MCMORAN INC.

(FCX)
  Report
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Freeport-McMoRan Inc. : The underlying trend is to the upside

01/27/2021 | 02:52am EDT
long trade on a pullback
Target price hit
Entry price : 25$ | Target : 31$ | Stop-loss : 22$ | Cancellation Level : 30$ | Potential : 24%
Shares in Freeport-McMoRan Inc. show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed.
Investors should buy the stock at current prices near $ 25 in order to target the $ 31.
Freeport-McMoRan Inc. : Freeport-McMoRan Inc. : The underlying trend is to the upside
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.
  • Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
  • Over the last twelve months, the sales forecast has been frequently revised upwards.
  • For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
  • For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
  • For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
  • Analysts covering this company mostly recommend stock overweighting or purchase.
  • Within the weekly time frame the stock shows a bullish technical configuration above the support level at 12.92 USD

Weaknesses
  • Stock prices approach a strong long-term resistance in weekly data at USD 31.15.
  • 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.
  • The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 87.33 times its estimated earnings per share for the ongoing year.
  • The company is not the most generous with respect to shareholders' compensation.

© MarketScreener.com 2021

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 23 091 M - -
Net income 2021 4 352 M - -
Net Debt 2021 1 177 M - -
P/E ratio 2021 13,2x
Yield 2021 0,76%
Capitalization 56 726 M 56 726 M -
EV / Sales 2021 2,51x
EV / Sales 2022 2,14x
Nbr of Employees 24 500
Free-Float 91,2%
Upcoming event on FREEPORT-MCMORAN INC.
10/21/21
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 38,64 $
Average target price 41,15 $
Spread / Average Target 6,49%
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