Freeport-McMoRan (FCX) Stock Forecast & Price Target

$41.66 +1.41 (+3.51%)

Closing price 03:59 PM Eastern

Extended Trading

$41.83 +0.17 (+0.40%)

As of 07:58 PM Eastern

Freeport-McMoRan - Analysts' Recommendations and Stock Price Forecast (2025)

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 Buy

Based on 16 Analyst Ratings

Sell
0

Hold
5

Buy
11

Based on 16 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 16 analysts, 5 have given a hold rating, 9 have given a buy rating, and 2 have given a strong buy rating for FCX.

Consensus Price Target

$52.04
24.89% Upside

According to the 16 analysts' twelve-month price targets for Freeport-McMoRan, the average price target is $52.04. 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 24.89% from the current price of $41.66.

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FCX Analyst Ratings Over Time

Type	Current Forecast 3/24/24 to 3/24/25	1 Month Ago 2/23/24 to 2/22/25	3 Months Ago 12/25/23 to 12/24/24	1 Year Ago 3/25/23 to 3/24/24
Strong Buy	2 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)
Hold	5 Hold rating(s)	8 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$52.04	$51.46	$53.92	$44.95
Forecasted Upside	24.89% Upside	39.20% Upside	37.47% Upside	-0.32% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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FCX Analyst Recommendations By Month

The 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.

FCX Price Targets by Month

The 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.

Freeport-McMoRan Stock vs. The Competition

Type	Freeport-McMoRan	Basic Materials Companies	S&P 500
Consensus Rating Score	2.81	2.77	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	24.89% Upside	138.62% Upside	16.93% Upside
News Sentiment Rating	Positive News See Recent FCX News	Positive News	Positive News

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Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
3/20/2025	JPMorgan Chase & Co. 3 of 5 stars	Bill Peterson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Overweight	$48.00 ➝ $52.00	+28.67%
3/10/2025	Dbs Bank 0 of 5 stars	E. Lee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
3/6/2025	Deutsche Bank Aktiengesellschaft 3 of 5 stars	Abhi Agarwal Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$47.00 ➝ $47.00	+23.18%
2/27/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Chris LaFemina Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$40.00 ➝ $48.00	+26.23%
1/31/2025	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Coleman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
1/24/2025	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	O. Wowkodaw Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform ➝ Sector Perform	$48.00 ➝ $45.00	+19.10%
1/24/2025	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Katja Jancic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$54.00 ➝ $50.00	+31.44%
1/7/2025	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Brackett Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$51.00 ➝ $46.00	+19.33%
10/23/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$55.00 ➝ $57.00	+19.15%
9/19/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$60.00 ➝ $58.00	+27.87%
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9/4/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Woodworth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$54.00 ➝ $55.00	+32.98%
7/24/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Perform ➝ Sector Perform	$60.00 ➝ $60.00	+34.59%
6/21/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Spence Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
4/23/2024	Bernstein Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$52.00 ➝ $52.50	+9.83%
4/23/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$39.00 ➝ $45.00	-5.86%
4/9/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$59.00	+17.93%
12/6/2023	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	$55.00	+50.27%
8/22/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$49.00 ➝ $48.00	+24.06%
6/29/2023	1-800-FLOWERS.COM Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Initiates
6/29/2023	3M Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Initiates
4/21/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight	$24.00 ➝ $29.00	-29.88%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 12:19 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 Sunday, March 23, 2025. 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. has recently received multiple upgrades from analysts, including a raise from JPMorgan Chase & Co. to an "overweight" rating with a price target of $52.00, indicating strong confidence in the stock's potential for growth.
The current stock price is $40.31, which is significantly lower than the consensus price target of $52.04, suggesting that there is potential for price appreciation.
Analysts predict that Freeport-McMoRan Inc. will post earnings per share of 1.68 for the current fiscal year, which could indicate a solid financial performance and profitability.
The company has a relatively low debt-to-equity ratio of 0.31, suggesting that it is not overly reliant on debt for financing, which can be a positive indicator of financial health.
Freeport-McMoRan Inc. operates in the mining sector, focusing on copper and other metals, which are essential commodities with strong demand in various industries, potentially leading to stable revenue streams.

Freeport-McMoRan
Bear Case

Investors should be bearish about investing in Freeport-McMoRan Inc. for these reasons:

The company reported earnings of $0.31 per share, missing the consensus estimate of $0.36, which may raise concerns about its ability to meet financial expectations.
Recent downgrades from analysts, such as from Sanford C. Bernstein, which lowered their rating to "market perform" and cut the price target to $46.00, could indicate a lack of confidence in the stock's near-term performance.
Freeport-McMoRan Inc. has a relatively high price-to-earnings (P/E) ratio of 31.25, which may suggest that the stock is overvalued compared to its earnings, potentially deterring value-focused investors.
The stock has experienced volatility, with a beta of 1.87, indicating that it is more volatile than the market, which could pose risks for investors seeking stability.
Market conditions for mining and commodities can be unpredictable, influenced by global economic factors, which may impact Freeport-McMoRan Inc.'s performance and stock price.

FCX Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Freeport-McMoRan is $52.04, with a high forecast of $60.00 and a low forecast of $45.00.
: 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last twelve months. There are currently 5 hold ratings, 9 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FCX shares.
: According to analysts, Freeport-McMoRan's stock has a predicted upside of 24.89% based on their 12-month stock forecasts.
: Over the previous 90 days, Freeport-McMoRan's stock had 4 upgrades and 3 downgrades by analysts.
: Freeport-McMoRan has been rated by research analysts at Argus, BMO Capital Markets, Dbs Bank, Deutsche Bank Aktiengesellschaft, Jefferies Financial Group, JPMorgan Chase & Co., Sanford C. Bernstein, and Scotiabank in the past 90 days.
: Analysts like Freeport-McMoRan more than other "basic materials" companies. The consensus rating score for Freeport-McMoRan is 2.81 while the average consensus rating score for "basic materials" companies is 2.77. Learn more on how FCX compares to other companies.

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This page (NYSE:FCX) was last updated on 3/24/2025 by MarketBeat.com Staff

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Freeport-McMoRan (FCX) Stock Forecast & Price Target