Freeport-McMoRan (FCX) has seen strong recent share price momentum, with significant gains over the past day, week, month, and full year. Despite trading near its analyst price target, one valuation narrative suggests the stock is 48.7% overvalued with a fair value of $44.08, while another Discounted Cash Flow (DCF) model indicates a 23.3% undervaluation with a fair value of $85.42. The article advises investors to review key data points and assess risks like copper price volatility to form their own view on the company’s valuation.
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Freeport-McMoRan (FCX) Valuation Check After Strong Recent Share Price Momentum
Freeport-McMoRan (FCX) has seen strong recent share price momentum, with significant gains over the past day, week, month, and full year. Despite trading near its analyst price target, one valuation narrative suggests the stock is 48.7% overvalued with a fair value of $44.08, while another Discounted Cash Flow (DCF) model indicates a 23.3% undervaluation with a fair value of $85.42. The article advises investors to review key data points and assess risks like copper price volatility to form their own view on the company’s valuation.