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New Indonesian Smelter Will Fuel Integrated Global Copper Production

Published
06 Aug 24
Updated
25 Sep 25
AnalystConsensusTarget's Fair Value
US$50.06
21.7% undervalued intrinsic discount
25 Sep
US$39.22
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1Y
-22.2%
7D
-13.5%

Author's Valuation

US$50.0621.7% undervalued intrinsic discount

AnalystConsensusTarget Fair Value

Shared on25 Sep 25
Fair value Decreased 0.83%

Analyst price targets for Freeport-McMoRan edged down slightly to $50.06 as operational disruptions at Grasberg, reduced production outlooks, and force majeure weigh on near-term estimates and sentiment despite some optimism around higher copper prices and North American supply tightness. Analyst Commentary Downward revisions to Freeport-McMoRan’s copper and gold production outlook, particularly due to significant operational disruptions at the Grasberg mine following a mud rush incident, are pressuring near-term estimates and keeping an overhang on the stock into at least 2026.

Shared on07 May 25
Fair value Increased 13%

Shared on30 Apr 25
Fair value Decreased 8.33%

AnalystConsensusTarget has decreased shares outstanding growth rate from -0.0% to -0.0%.

Shared on23 Apr 25
Fair value Increased 10%

Shared on16 Apr 25
Fair value Decreased 3.55%

AnalystConsensusTarget has increased revenue growth from 4.7% to 5.4% and decreased future PE multiple from 26.4x to 23.2x.

Shared on09 Apr 25
Fair value Decreased 0.84%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on02 Apr 25
Fair value Decreased 2.28%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on26 Mar 25
Fair value Increased 0.42%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on19 Mar 25
Fair value Decreased 1.75%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on10 Mar 25
Fair value Increased 3.04%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.