Options trading for FCX has seen a significant increase, with 22,000 contracts exchanged. The activity shows a strong preference for call options over puts, resulting in a put/call ratio of 0.4, which is notably below the usual 0.67 benchmark. Meanwhile, the implied volatility (IV30) has decreased by 3.93 to stand at 40.2, remaining above the median value. This level of volatility suggests an anticipated daily stock movement of $1.00. Additionally, the flattening of the put-call skew hints at a slightly optimistic market outlook for FCX.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Freeport-McMoRan Inc (FCX, Financial) is $45.91 with a high estimate of $60.04 and a low estimate of $27.32. The average target implies an upside of 17.14% from the current price of $39.19. More detailed estimate data can be found on the Freeport-McMoRan Inc (FCX) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Freeport-McMoRan Inc's (FCX, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Freeport-McMoRan Inc (FCX, Financial) in one year is $46.50, suggesting a upside of 18.65% from the current price of $39.19. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Freeport-McMoRan Inc (FCX) Summary page.
