Freeport-McMoRan (FCX) Stock Forecast & Price Target

$45.21

+1.29 (+2.94%)

(As of 02:52 PM ET)

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 15 Analyst Ratings

Based on 15 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 15 analysts, 4 have given a hold rating, 10 have given a buy rating, and 1 has given a strong buy rating for FCX.

Consensus Price Target

$52.79
16.76% Upside

High Forecast	$60.00
Average Forecast	$52.79
Low Forecast	$45.00

According to the 15 analysts' twelve-month price targets for Freeport-McMoRan, the average price target is $52.79. 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 16.76% from the current price of $45.21.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)	4 Buy rating(s)
Hold	4 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$52.79	$52.67	$52.93	$39.96
Forecasted Upside	16.76% Upside	16.36% Upside	15.95% Upside	3.92% Upside

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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	2.80	2.72	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	17.65% Upside	176.25% Upside	6.71% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

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
9/19/2024	Morgan Stanley 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$60.00 ➝ $58.00	+27.87%
9/4/2024	UBS Group 4 of 5 stars	C. Woodworth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$54.00 ➝ $55.00	+32.98%
8/19/2024	Scotiabank 5 of 5 stars		Lower Target	Sector Outperform ➝ Sector Outperform	$58.00 ➝ $52.00	+18.40%
7/24/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$54.00 ➝ $53.00	+18.73%
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
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6/10/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$48.00 ➝ $51.00	+2.20%
4/25/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$44.00 ➝ $54.00	+10.47%
4/24/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$52.00 ➝ $51.00	+7.05%
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%
1/8/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$41.00 ➝ $48.50	+17.12%
12/6/2023	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	$55.00	+50.27%
10/20/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$47.00 ➝ $45.00	+31.46%
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%
1/26/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$44.00 ➝ $46.00	-1.37%
10/13/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$45.00 ➝ $39.00	+35.79%
10/6/2022	Exane BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jatinder Goel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Neutral	$29.00	-2.91%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:14 PM ET.

FCX Forecast - Frequently Asked Questions

What is Freeport-McMoRan's forecast for 2024?: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Freeport-McMoRan is $52.79, with a high forecast of $60.00 and a low forecast of $45.00.
Should I buy or sell Freeport-McMoRan stock right now?: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last twelve months. There are currently 4 hold ratings, 10 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 18.40% based on their 12-month stock forecasts.
Has Freeport-McMoRan been upgraded by Wall Street analysts recently?: Over the previous 90 days, Freeport-McMoRan's stock had 3 upgrades by analysts.
What analysts cover Freeport-McMoRan?: Freeport-McMoRan has been rated by research analysts at BNP Paribas, Morgan Stanley, Raymond James, Royal Bank of Canada, Scotiabank, and UBS Group in the past 90 days.
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 2.80 while the average consensus rating score for "basic materials" companies is 2.72. Learn more on how FCX compares to other companies.