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Freeport Mcmoran equity research - all in on copper: mining for growth
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This report is a component of the “All in on
Copper - The Ore-igin of Transition” Equity
Research report on Freeport-McMoRan Inc.,
a U.S.-incorporated mining company.
Given the nature of the mining business, the
valuation
technic
uses
a specialized
methodology. Fist employing a Discounted
Cash Flow (DCF) model to evaluate the
companies Mineral Reserves, which will be
covered in this part of the report, and a Real
Options framework designed to evaluate
Freeport’s Mineral Resources. Additionally,
the research also delves into the company’s
key risks and exposures, including political
risks, cost factors, and fluctuations of
commodities prices, mainly copper. These
risks are further analysed for their impact on
the valuation using both a sensitivity analysis
and Monte Carlo simulations.
The Equity Research Report advises a
“Hold” position, based on a price target of
$43.71 and an expected dividend of $2.31,
suggesting a 7.9% 12-month return from the
share price of $42.67 as of December 10,
2024. Concluding that the market if
accurately
pricing
stock.
Descrição
Palavras-chave
Copper Gold Molybdenum DCF