Riding The Wave: Freeport-McMoRan Receives Upgrade As Analyst Foresees Copper And Gold Boom
Riding The Wave: Freeport-McMoRan Receives Upgrade As Analyst Foresees Copper And Gold Boom
The analyst's rating reflects the company's successful transition to underground, block cave mining at Grasberg, more normalized copper production in the future and value-enhancing growth options, including low-grade leaching.Freeport-McMoRan Inc. (NYSE:FCX) shares are trading higher after BofA Securities analyst Lawson Winder upgraded the stock to Buy (from Neutral) with a price target of $59.
美國銀行證券分析師勞森·溫德將該股上調至買入（從中性），目標股價爲59美元，此後，弗裏波特-麥克莫蘭銅金公司（紐約證券交易所代碼：FCX）股價走高。
The bullish stance was due to expected higher quality copper leverage, robust and rising free cash flow, and material gold revenue (15% of the total).
看漲立場是由於預期銅的槓桿率會更高，自由現金流強勁且不斷增加，以及物質黃金收入（佔總收入的15％）。
Related: Will Copper Reach $10,000? 'An Essential Metal That Faces An Uncertain Future'
相關: 銅價會達到10,000美元嗎？“面臨不確定未來的必需金屬”
The analyst's rating reflects the company's successful transition to underground, block cave mining at Grasberg, more normalized copper production in the future and value-enhancing growth options, including low-grade leaching.
分析師的評級反映了該公司成功過渡到地下、格拉斯伯格的區塊洞穴採礦、未來銅產量更加正常化以及包括低品位浸出在內的增值增長選項。
The BofA Commodities team is now materially more bullish on gold prices and gave a constructive outlook on copper given robust energy transition demand and constrained supply.
鑑於強勁的能源轉型需求和供應受限，美銀大宗商品團隊現在對金價更加看好，並對銅給出了建設性的展望。
The analyst estimates FY24 average price for gold to increase by 17% to $2,317 per ounce (/oz), silver to rise 14% to $26.5/oz, and copper to be higher by 8% to $9,321 per tonne (/t) or $4.23 per pound (/lb).
分析師估計，24財年黃金的平均價格將上漲17％，至每盎司2317美元，白銀將上漲14％，至26.5美元/盎司，銅價將上漲8％，至每噸9,321美元（/噸）或每磅4.23美元（/磅）。
Also Read: Bank Of America Sees Gold At $3,000, Warns Of A Copper Supply Crisis: Metals 'Dance To Their Own Tune'
另請閱讀: 美國銀行預計黃金價格爲3,000美元，警告銅供應危機：金屬 “隨心所欲”
The analyst estimates EPS of $1.43 in FY24, $2.39 in FY25 and $2.45 in FY26 for the company.
該分析師估計，該公司的24財年每股收益爲1.43美元，25財年爲2.39美元，26財年每股收益爲2.45美元。
Investors can gain exposure to the stock via Exchange Traded Concepts Trust Optica Rare Earths & Critical Materials ETF (NYSE:CRIT) and VanEck Green Metals ETF (NYSE:GMET).
投資者可以通過交易所交易的概念信託基金Optica稀土與關鍵材料ETF（紐約證券交易所代碼：CRIT）和VanEck綠色金屬ETF（紐約證券交易所代碼：GMET）獲得股票敞口。
Price Action: FCX shares are up 2.02% at $51.01 on the last check Tuesday.
價格走勢：在週二的最後一次支票中，FCX股價上漲2.02％，至51.01美元。
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