Freeport-McMoRan (FCX) Stock Forecast & Price Target $43.72 +0.02 (+0.05%) (As of 11/21/2024 ET) Add Compare Share Share Analyst Forecasts Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Freeport-McMoRan - Analysts' Recommendations and Stock Price Forecast (2024) How MarketBeat Calculates Price Target and Consensus Rating MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data. Consensus Rating Moderate BuyBased on 14 Analyst RatingsSell0Hold5Buy9 Based on 14 Wall Street analysts who have issued ratings for Freeport-McMoRan in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 5 have given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for FCX. Consensus Price Target $54.0023.51% Upside According to the 14 analysts' twelve-month price targets for Freeport-McMoRan, the average price target is $54.00. The highest price target for FCX is $60.00, while the lowest price target for FCX is $45.00. The average price target represents a forecasted upside of 23.51% from the current price of $43.72. Get the Latest News and Ratings for FCX and Related Stocks Enter your email address to receive the latest news and analysts' ratings for Freeport-McMoRan and its competitors. Enter your email to sign up for newsletter Sign Up FCX Analyst Ratings Over TimeTypeCurrent Forecast11/23/23 to 11/22/241 Month Ago10/24/23 to 10/23/243 Months Ago8/25/23 to 8/24/241 Year Ago11/23/22 to 11/23/23Strong Buy1 Strong Buy rating(s)1 Strong Buy rating(s)1 Strong Buy rating(s)0 Strong Buy rating(s)Buy8 Buy rating(s)8 Buy rating(s)9 Buy rating(s)4 Buy rating(s)Hold5 Hold rating(s)5 Hold rating(s)5 Hold rating(s)6 Hold rating(s)Sell0 Sell rating(s)0 Sell rating(s)0 Sell rating(s)1 Sell rating(s)Consensus Price Target$54.00$54.00$53.00$42.50Forecasted Upside23.51% Upside12.69% Upside18.67% Upside15.21% UpsideConsensus RatingModerate BuyModerate BuyModerate BuyHold Central Bank Abandons USD (Ad)You know what doesn't care about elections? Gold. If you want to protect your savings & retirement from our exploding national debt, VOTE FOR GOLD! Get Your FREE Gold Investor Kit NOW! FCX Analyst Recommendations By MonthAnalyst Ratings Chart DescriptionThe chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.Skip Chart & View Analyst Rating History FCX Price Targets by MonthAverage Share Price and Price Target by Month Chart DescriptionThe chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table Freeport-McMoRan Stock vs. The CompetitionTypeFreeport-McMoRanBasic Materials CompaniesS&P 500Consensus Rating Score 2.71 2.76 2.50Consensus RatingModerate BuyModerate BuyModerate BuyPredicted Upside23.51% Upside120.96% Upside8.53% UpsideNews Sentiment RatingPositive NewsSee Recent FCX NewsPositive NewsPositive News Recent Analyst Forecasts and Stock Ratings All Ratings Strong Buy Buy Hold Sell Rating Show All Upside > 100% Upside 50% - 100% Upside 20% - 50% Upside 10% - 20% Upside 0% - 10% Downside 0% - 10% Downside 10% - 20% Downside 20% - 50% Downside 50% - 100% Downside > 100% Upside/Downside All Actions Upgrades Downgrades Initiates Coverage Raises Target Lowers Target Reiterates Rating Action Custom Range 1 Month 3 Months 6 Months Year-to-Date 1 Year 3 Years 5 Years Time Frame Start Date End Date Most Recent from Each Brokerage All Show Export to Excel DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails10/23/2024Scotiabank5 of 5 starsO. WowkodawSubscribe to MarketBeat All Access for the recommendation accuracy ratingLower TargetSector Perform ➝ Sector Perform$53.00 ➝ $52.00+9.17%10/23/2024Raymond James4 of 5 stars Boost TargetOutperform ➝ Outperform$55.00 ➝ $57.00+19.15%10/15/2024JPMorgan Chase & Co.3 of 5 stars Boost TargetNeutral ➝ Neutral$53.00 ➝ $55.00+16.48%9/19/2024Morgan StanleySubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetOverweight ➝ Overweight$60.00 ➝ $58.00+27.87%9/4/2024UBS GroupSubscribe to MarketBeat All Access for the recommendation accuracy ratingC. WoodworthSubscribe to MarketBeat All Access for the recommendation accuracy ratingUpgradeNeutral ➝ Buy$54.00 ➝ $55.00+32.98%7/24/2024Royal Bank of CanadaSubscribe to MarketBeat All Access for the recommendation accuracy rating Reiterated RatingSector Perform ➝ Sector Perform$60.00 ➝ $60.00+34.59% Get the Latest News and Ratings for FCX and Related StocksEnter your email address below to receive the latest news and analysts' ratings for Freeport-McMoRan and its competitors with MarketBeat's FREE daily newsletter. 6/21/2024BNP ParibasSubscribe to MarketBeat All Access for the recommendation accuracy ratingA. SpenceSubscribe to MarketBeat All Access for the recommendation accuracy ratingUpgradeStrong-Buy6/10/2024Deutsche Bank AktiengesellschaftSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetHold ➝ Hold$48.00 ➝ $51.00+2.20%4/25/2024ArgusSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetBuy ➝ Buy$44.00 ➝ $54.00+10.47%4/23/2024Bernstein BankSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetOverweight ➝ Overweight$52.00 ➝ $52.50+9.83%4/23/2024HSBCSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetHold ➝ Hold$39.00 ➝ $45.00-5.86%4/9/2024Bank of AmericaSubscribe to MarketBeat All Access for the recommendation accuracy rating UpgradeNeutral ➝ Buy$59.00+17.93%1/8/2024Sanford C. BernsteinSubscribe to MarketBeat All Access for the recommendation accuracy rating UpgradeMarket Perform ➝ Outperform$41.00 ➝ $48.50+17.12%12/6/2023Eight CapitalSubscribe to MarketBeat All Access for the recommendation accuracy rating Set TargetBuy$55.00+50.27%10/20/2023BMO Capital MarketsSubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetOutperform ➝ Outperform$47.00 ➝ $45.00+31.46%8/22/2023Stifel NicolausSubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetBuy$49.00 ➝ $48.00+24.06%6/29/20231-800-FLOWERS.COMSubscribe to MarketBeat All Access for the recommendation accuracy rating Reiterated RatingInitiates6/29/20233MSubscribe to MarketBeat All Access for the recommendation accuracy rating Reiterated RatingInitiates4/21/2023BarclaysSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetUnderweight$24.00 ➝ $29.00-29.88%1/26/2023CitigroupSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetNeutral$44.00 ➝ $46.00-1.37%Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 03:43 AM ET. Should I Buy Freeport-McMoRan Stock? FCX Pros and Cons Explained These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, November 16, 2024. Please send any questions or comments about these Freeport-McMoRan pros and cons to contact@marketbeat.com. Freeport-McMoRan Bull Case Here are some ways that investors could benefit from investing in Freeport-McMoRan Inc.: Freeport-McMoRan Inc.'s stock price is currently trading at $47.92, which may present a buying opportunity for investors looking to enter at a lower price point. Analysts at Raymond James have raised their FY2024 earnings per share (EPS) estimates for Freeport-McMoRan Inc., indicating potential growth and positive performance expectations for the company. Multiple research firms have issued positive ratings and price target increases for Freeport-McMoRan Inc., suggesting confidence in the company's future prospects. Freeport-McMoRan Inc. has a market capitalization of $68.84 billion, indicating its significant size and presence in the market. With a consensus target price of $54.00, analysts foresee potential upside for Freeport-McMoRan Inc.'s stock, making it an attractive investment opportunity. Freeport-McMoRan Bear Case Investors should be bearish about investing in Freeport-McMoRan Inc. for these reasons: Freeport-McMoRan Inc.'s stock has experienced a 1-year low of $32.83, indicating potential volatility and downside risk for investors. Despite some positive analyst ratings, there have been instances of price target reductions for Freeport-McMoRan Inc., signaling potential uncertainties in the company's performance. The company's P/E ratio of 42.41 may suggest that the stock is currently trading at a higher valuation compared to industry peers, potentially limiting immediate upside potential. Freeport-McMoRan Inc.'s debt-to-equity ratio of 0.30 indicates a moderate level of debt, which could pose risks in times of economic downturns or unfavorable market conditions. While there are positive outlooks, the stock's recent trading performance shows fluctuations, which could lead to short-term challenges for investors seeking stable returns. FCX Forecast - Frequently Asked Questions What is Freeport-McMoRan's forecast for 2025? According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Freeport-McMoRan is $54.00, with a high forecast of $60.00 and a low forecast of $45.00. Should I buy or sell Freeport-McMoRan stock right now? 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 5 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FCX shares. Does Freeport-McMoRan's stock price have much upside? According to analysts, Freeport-McMoRan's stock has a predicted upside of 23.51% based on their 12-month stock forecasts. Has Freeport-McMoRan been upgraded or downgraded by Wall Street analysts recently? Over the previous 90 days, Freeport-McMoRan's stock had 1 upgrade and 1 downgrade by analysts. What analysts cover Freeport-McMoRan? Freeport-McMoRan has been rated by research analysts at JPMorgan Chase & Co., Morgan Stanley, Raymond James, Scotiabank, and UBS Group in the past 90 days. Do Wall Street analysts like Freeport-McMoRan more than its competitors? Analysts like Freeport-McMoRan less than other "basic materials" companies. The consensus rating score for Freeport-McMoRan is 2.71 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how FCX compares to other companies. Stock Forecasts and Research Tools Related Companies Southern Copper Stock Forecast Materion Stock Forecast SunCoke Energy Stock Forecast Compass Minerals International Stock Forecast BHP Group Stock Forecast Rio Tinto Group Stock Forecast Vale Stock Forecast Cleveland-Cliffs Stock Forecast Hudbay Minerals Stock Forecast MP Materials Stock Forecast Today's Ratings U.S. Ratings U.K. Ratings Canadian Ratings All Upgrades All Downgrades All Initiations All Price Target Changes Top Rated Stocks Top Rated Stocks Top Rated Dividend Stocks Top Rated Small-Cap Stocks Top Rated Tech Stocks Most Upgraded Stocks Most Downgraded Stocks Lowest Rated Stocks More Ratings Tools Stock Ratings by Issuer Top-Rated Analysts Top-Rated Brokerages Stock Ratings Screener Free Ratings Newsletter What Comes Next Could Be a Once-in-a-Lifetime Opportunity (Ad)A wave of technological and financial transformation is reshaping the investment landscape. For those who understand the shifts ahead, this could be the foundation for long-term wealth creation. In this exclusive briefing, I'll show you exactly how to prepare for the challenges and opportunities ahead. You'll learn actionable strategies to protect your portfolio and position yourself for growth in the months and years to come.Click here now to watch the full briefing and discover the steps to take today. This page (NYSE:FCX) was last updated on 11/22/2024 by MarketBeat.com Staff From Our Partners[Urgent] Starlink Set For The Largest IPO In History?He turned PayPal from a tiny, off-the-radar startup… to a massive $64 billion giant. Then, he did it a...Paradigm Press | Sponsored[625,000% Gain] – Are You Ready for the Next Altcoin Boom?All of our key indicators are flashing the same signal: an altcoin season is fast approaching. And if you k...Crypto Swap Profits | SponsoredThe Biggest Post-Election Market Shift Ever?Our No. 1 stock for the rare "millionaire window" opening NOW According to Wall Street legend Whitney Tilso...Stansberry Research | SponsoredMy favorite credit card just increased its sign-up bonusTired of getting average credit card rewards? This credit card just increased its sign-up bonus to 75,000 bonu...Card Ratings | SponsoredNew post-election stock warning from Wall StreetIf you’re holding U.S. stocks, it may be time to brace for impact. The S&P 500 crossed 6,000 for the first ...Chaikin Analytics | SponsoredBill Gates’s Next Big AI Bet: StargateIn February 2016… when almost nobody was talking about artificial intelligence…. I picked Nvidia as one of ...Brownstone Research | Sponsored“Fed Proof” Your Bank Account with THESE 4 Simple StepsStarting as soon as a few months from now, the United States government will make a sweeping change to bank ac...Weiss Ratings | SponsoredWhy Buffett, Bezos & Congress Are Rushing Into This SectorWhy are Warren Buffett, Jeff Bezos, Michael Bloomberg, “The Walmart Family”, Bill Gates, and 48 members of Con...InvestorPlace | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Freeport-McMoRan Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Share Freeport-McMoRan With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
