Jefferies (NYSE:JEF) analyst Chris LaFemina maintained a Buy rating on Freeport-McMoRan (NYSE:FCX) on Sunday, setting a price target of $50, which is approximately 28.97% above the present share price of $38.77.
LaFemina expects Freeport-McMoRan to post earnings per share (EPS) of $0.95 for the fourth quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Freeport-McMoRan, with an average price target of $41.45.
The analysts price targets range from a high of $50 to a low of $28.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $6.08 billion and a net profit of $2.4 billion. The company's market cap is $56.93 billion.
According to TipRanks.com, Jefferies analyst Chris LaFemina is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 4.6% and a 50.17% 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.