How The Narrative Around Freeport McMoRan (FCX) Is Shifting With New Copper And Grasberg Assumptions
Freeport McMoRan’s updated fair value target has shifted from US$48.52 to US$64.02, reflecting refreshed expectations around what its shares could be worth as new information filters into analyst models. The small change in the discount rate assumption from 8.45% to 8.38% and the higher dollar revenue growth outlook of 10.36% versus 7.85% are closely tied to recent Street research that folds in current copper pricing and progress at Grasberg. As you read on, keep an eye on how these evolving...
Freeport McMoRan’s updated fair value target has shifted from US$48.52 to US$64.02, reflecting refreshed expectations around what its shares could be worth as new information filters into analyst models. The small change in the discount rate assumption from 8.45% to 8.38% and the higher dollar revenue growth outlook of 10.36% versus 7.85% are closely tied to recent Street research that folds in current copper pricing and progress at Grasberg. As you read on, keep an eye on how these evolving...