Barclays (LON:BARC) analyst Matt Murphy maintained a Sell rating on Freeport-McMoRan (NYSE:FCX) on Tuesday, setting a price target of $28, which is approximately 27.12% below the present share price of $38.42.
Murphy expects Freeport-McMoRan to post earnings per share (EPS) of $0.74 for the fourth quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Hold rating of shares in Freeport-McMoRan, with an average price target of $39.69.
The analysts price targets range from a high of $50 to a low of $28.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $5.75 billion and a net profit of $2.06 billion. The company's market cap is $56.4 billion.
According to TipRanks.com, Barclays analyst Matt Murphy is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 14.6% and a 69.09% success rate.
Founded in 1987 and based in Arizona, Freeport-McMoRan, Inc. is a leading mining company, and focuses on exploring copper, gold, and molybdenum. Its portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; and significant mining operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru.