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Freeport-McMoRan (FCX) Stock Forecast & Price Target

$48.41
0.00 (0.00%)
(As of 12:09 PM ET)
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Freeport-McMoRan - Analysts' Recommendations and Stock Price Forecast (2024)

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

Consensus Price Target

$52.93
9.34% Upside
High Forecast$62.00
Average Forecast$52.93
Low Forecast$45.00
TypeCurrent Forecast
7/3/23 to 7/2/24		1 Month Ago
6/3/23 to 6/2/24		3 Months Ago
4/4/23 to 4/3/24		1 Year Ago
7/3/22 to 7/3/23
Consensus Rating
Moderate Buy
Moderate Buy
Hold
Hold
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
9 Buy rating(s)
5 Buy rating(s)
3 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
4 Hold rating(s)
8 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$52.93$51.50$44.95$39.27
Forecasted Upside9.34% Upside15.96% Upside17.08% Upside4.56% Upside

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.
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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.
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Freeport-McMoRan Stock vs. The Competition

TypeFreeport-McMoRanBasic Materials CompaniesS&P 500
Consensus Rating Score
2.75
2.62
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside9.34% Upside424.01% Upside12.45% Upside
News Sentiment RatingPositive News
Neutral News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/21/2024BNP Paribas
Subscribe to MarketBeat All Access for the recommendation accuracy rating		A. Spence
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeStrong-Buy
6/21/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeEqual Weight ➝ Overweight$49.50 ➝ $62.00+25.58%
6/10/2024Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetHold ➝ Hold$48.00 ➝ $51.00+2.20%
5/30/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetSector Outperform ➝ Sector Outperform$53.00 ➝ $60.00+14.70%
5/14/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$41.00 ➝ $54.00+1.10%
4/25/2024Argus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$44.00 ➝ $54.00+10.47%
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4/24/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$49.50 ➝ $54.00+13.40%
4/24/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$52.00 ➝ $51.00+7.05%
4/23/2024Bernstein Bank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$52.00 ➝ $52.50+9.83%
4/23/2024HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetHold ➝ Hold$39.00 ➝ $45.00-5.86%
4/9/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Buy$59.00+17.93%
1/25/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingSector Perform ➝ Sector Perform$55.00+40.66%
1/8/2024Sanford C. Bernstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeMarket Perform ➝ Outperform$41.00 ➝ $48.50+17.12%
12/6/2023Eight Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Set TargetBuy$55.00+50.27%
10/20/2023BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$47.00 ➝ $45.00+31.46%
8/22/2023Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy$49.00 ➝ $48.00+24.06%
6/29/20231-800-FLOWERS.COM
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingInitiates
6/29/20233M
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingInitiates
4/21/2023Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetUnderweight$24.00 ➝ $29.00-29.88%
1/26/2023Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral$44.00 ➝ $46.00-1.37%
10/13/2022The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy$45.00 ➝ $39.00+35.79%
10/6/2022Exane BNP Paribas
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Jatinder Goel
Subscribe to MarketBeat All Access for the recommendation accuracy rating		DowngradeOutperform ➝ Neutral$29.00-2.91%
7/22/2022Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Curt Woodworth
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target$34.00+22.48%
7/7/2022Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOutperform ➝ Peer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 12:25 PM ET.

FCX Forecast - Frequently Asked Questions

What is Freeport-McMoRan's stock forecast and purchase recommendation?

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Freeport-McMoRan is $52.93, with a high forecast of $62.00 and a low forecast of $45.00. The consensus rating for Freeport-McMoRan stock is Moderate Buy based on the current 5 hold ratings, 10 buy ratings and 1 strong buy rating for FCX. Learn more on FCX's analyst rating history.

Do Wall Street analysts like Freeport-McMoRan more than its competitors?

Analysts like Freeport-McMoRan more than other "basic materials" companies. The consensus rating score for Freeport-McMoRan is 2.75 while the average consensus rating score for "basic materials" companies is 2.63. Learn more on how FCX compares to other companies.

Is Freeport-McMoRan being upgraded by Wall Street analysts?

Over the previous 90 days, Freeport-McMoRan's stock had 3 upgrades by analysts.

Does Freeport-McMoRan's stock price have much upside?

According to analysts, Freeport-McMoRan's stock has a predicted upside of 15.95% based on their 12-month stock forecasts.

What analysts cover Freeport-McMoRan?

Freeport-McMoRan has been rated by research analysts at Argus, Bank of America, Bernstein Bank, BNP Paribas, Deutsche Bank Aktiengesellschaft, HSBC, JPMorgan Chase & Co., Morgan Stanley, Raymond James, Scotiabank, and UBS Group in the past 90 days.


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This page (NYSE:FCX) was last updated on 7/2/2024 by MarketBeat.com Staff

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