RBC Capital analyst Sam Crittenden maintained a Hold rating on Freeport-Mcmoran Copper & Gold on Thursday, setting a price target of $11, which is approximately 29.72% above the present share price of $8.48.
Crittenden expects Freeport-Mcmoran Copper & Gold to post earnings per share (EPS) of -$0.34 for the second quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Freeport-McMoRan (NYSE:FCX), with an average price target of $12.01.
The analysts price targets range from a high of $19 to a low of $8.6.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $2.8 billion and a net profit of -$462 million. The company's market cap is $12.31 billion.
According to TipRanks.com, RBC Capital analyst Sam Crittenden is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -15.5% and a 28.6% success rate.
Freeport-McMoRan, Inc. engages in the mining of copper, gold, and molybdenum. It operates through the following segments: North America Copper Mines; South America Mining; Indonesia Mining; Molybdenum Mines; Rod and Refining; Atlantic Copper Smelting and Refining; and Corporate, Other, and Eliminations. The North America Copper Mines segment operates open-pit copper mines in Morenci, Bagdad, Safford, Sierrita and Miami in Arizona; and Chino and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of Grasberg minerals district that produces copper concentrate that contains significant quantities of gold and Silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open-pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America, and includes a refinery, rod mills, and a specialty copper products facility. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate, Other, and Eliminations segment consists of other mining and eliminations, oil and gas operations, and other corporate and elimination items. The company was founded by James R. Moffett on November 10, 1987 and is headquartered in Phoenix, AZ.
