Freeport-McMoRan (FCX) Stock Forecast & Price Target

$38.86 +0.62 (+1.62%)

(As of 12/20/2024 05:40 PM ET)

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 13 Analyst Ratings

Sell
0

Hold
5

Buy
8

Based on 13 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 13 analysts, 5 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for FCX.

Consensus Price Target

$53.92
38.75% Upside

According to the 13 analysts' twelve-month price targets for Freeport-McMoRan, the average price target is $53.92. 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 38.75% from the current price of $38.86.

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FCX Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	8 Buy rating(s)	10 Buy rating(s)	5 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$53.92	$54.00	$52.79	$43.38
Forecasted Upside	38.75% Upside	23.51% Upside	18.54% Upside	2.37% Upside
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	2.69	2.76	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	38.75% Upside	138.78% Upside	14.54% Upside
News Sentiment Rating	Positive News See Recent FCX News	Positive 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
10/23/2024	Scotiabank 5 of 5 stars	O. Wowkodaw Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform ➝ Sector Perform	$53.00 ➝ $52.00	+9.17%
10/23/2024	Raymond James 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$55.00 ➝ $57.00	+19.15%
10/15/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$53.00 ➝ $55.00	+16.48%
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%
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%
Get the Latest News and Ratings for FCX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Freeport-McMoRan and its competitors with MarketBeat's FREE daily newsletter.
6/21/2024	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
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%
4/23/2024	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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:02 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 Friday, December 13, 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. recently reported earnings per share (EPS) of $0.38, exceeding analysts' expectations of $0.37, indicating strong financial performance.
The company achieved a revenue of $6.79 billion for the latest quarter, surpassing the forecast of $6.45 billion, showcasing robust sales growth.
As of the latest trading session, Freeport-McMoRan Inc. shares are priced at $42.07, which may present a buying opportunity for investors looking for value.
Institutional ownership stands at 80.77%, suggesting strong confidence from large investors, which can be a positive indicator for potential investors.
Freeport-McMoRan Inc. has a relatively low debt-to-equity ratio of 0.31, indicating a solid balance sheet and lower financial risk compared to companies with higher leverage.

Freeport-McMoRan
Bear Case

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

The stock has experienced a decline of 1.7% recently, which may indicate volatility and potential challenges in maintaining its market position.
Analysts have mixed ratings, with some lowering their target prices, such as Morgan Stanley reducing its target from $60.00 to $58.00, which could reflect concerns about future performance.
Freeport-McMoRan Inc. has a high price-to-earnings (P/E) ratio of 30.71, suggesting that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
The company has a beta of 1.86, indicating higher volatility compared to the market, which may pose risks for conservative investors.
Recent changes in institutional holdings, such as Stevens Capital Management LP reducing its stake by 75.9%, could signal a lack of confidence among some investors.

FCX Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Freeport-McMoRan is $53.92, with a high forecast of $60.00 and a low forecast of $45.00.
: 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 5 hold ratings, 7 buy ratings and 1 strong buy rating 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 38.75% based on their 12-month stock forecasts.
: Over the previous 90 days, Freeport-McMoRan's stock had 1 downgrade by analysts.
: Freeport-McMoRan has been rated by research analysts at JPMorgan Chase & Co., Raymond James, and Scotiabank in the past 90 days.
: Analysts like Freeport-McMoRan less than other "basic materials" companies. The consensus rating score for Freeport-McMoRan is 2.69 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how FCX compares to other companies.

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This page (NYSE:FCX) was last updated on 12/21/2024 by MarketBeat.com Staff

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Freeport-McMoRan (FCX) Stock Forecast & Price Target