Freeport-McMoRan (NYSE:FCX – Free Report) had its price objective cut by Scotiabank from $48.00 to $45.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a sector perform rating on the natural resource company’s stock.

Fintel reports that on January 24, 2025, Jefferies downgraded their outlook for Freeport-McMoRan (NYSE:FCX) from Buy to Hold. Analyst Price Forecast Suggests 44.29% Upside As of December 23, 2024, the average one-year price target for Freeport-McMoRan is $55.

Freeport-McMoRan exceeded market expectations in Q3 with $6.79 billion in revenue and strong copper and gold sales. The company expects strong Q4 results with 1 billion pounds of copper and 450 thousand ounces of gold.

Freeport-McMoRan (NYSE:FCX – Get Free Report) had its price objective cut by research analysts at BMO Capital Markets from $54.00 to $50.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the natural resource company’s stock.

Good morning, everyone, and welcome to the Freeport conference call. Earlier this morning, FCX reported its fourth-quarter and full-year 2024 operating and financial results. A copy of today's release with supplemental schedules and slides are available on our website, fcx.com. Today's conference call is being broadcast live on the Internet.

The Zacks Consensus Estimate for Freeport’s fourth-quarter consolidated revenues is currently pegged at $6,003 million, which suggests a year-over-year increase of roughly 1.7%.

Phoenix-based copper mining giant Freeport-McMoRan Inc. had a mixed fourth quarter in 2024, with revenue coming up short of Wall Street analysts’ expectations but earnings beating them.