Freeport-McMoRan (FCX) Stock Forecast, Price Target & Predictions
FCX Stock Forecast
Freeport-McMoRan stock forecast is as follows: an average price target of $46.37 (represents a 7.16% upside from FCX’s last price of $43.27) and a rating consensus of 'Buy', based on 19 wall street analysts offering a 1-year stock forecast.
FCX Price Target
The average price target for Freeport-McMoRan (FCX) is $46.37 based on 1-year price targets from 19 Wall Street analysts in the past 3 months, with a price target range of $58.00 to $24.00. This represents a potential 7.16% upside from FCX's last price of $43.27.
FCX Analyst Ratings
According to 19 Wall Street analysts, Freeport-McMoRan's rating consensus is 'Buy'. The analyst rating breakdown for FCX stock is 0 'Strong Buy' (0.00%), 11 'Buy' (57.89%), 8 'Hold' (42.11%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Freeport-McMoRan Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 08, 2024 | Orest Wowkodaw | Scotiabank | $53.00 | $50.79 | 4.35% | 22.49% |
| Sep 30, 2024 | Orest Wowkodaw | Scotiabank | $52.00 | $51.34 | 1.29% | 20.18% |
| Sep 19, 2024 | Carlos De Alba | Morgan Stanley | $58.00 | $45.39 | 27.78% | 34.04% |
| Sep 04, 2024 | Curt Woodworth | UBS | $55.00 | $42.05 | 30.81% | 27.11% |
| Jul 24, 2024 | Brian MacArthur | Raymond James | $53.00 | $45.27 | 17.08% | 22.49% |
| Jun 21, 2024 | Carlos De Alba | Morgan Stanley | $62.00 | $48.96 | 26.63% | 43.29% |
| May 14, 2024 | Curt Woodworth | UBS | $54.00 | $52.04 | 3.77% | 24.80% |
| Apr 25, 2024 | David Coleman | Argus Research | $54.00 | $48.70 | 10.88% | 24.80% |
| Apr 09, 2024 | Orest Wowkodaw | Scotiabank | $55.00 | $50.00 | 10.00% | 27.11% |
| Apr 04, 2024 | Liam Fitzpatrick | Deutsche Bank | $46.00 | $49.61 | -7.28% | 6.31% |
The latest Freeport-McMoRan stock forecast, released on Oct 08, 2024 by Orest Wowkodaw from Scotiabank, set a price target of $53.00, which represents a 4.35% increase from the stock price at the time of the forecast ($50.79), and a 22.49% increase from FCX last price ($43.27).
Freeport-McMoRan Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 4 | 12 |
| Avg Price Target | - | $54.50 | $53.33 |
| Last Closing Price | $43.27 | $43.27 | $43.27 |
| Upside/Downside | -100.00% | 25.95% | 23.25% |
In the current month, the average price target of Freeport-McMoRan stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Freeport-McMoRan's last price of $43.27. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 23, 2024 | Raymond James | Outperform | Outperform | Hold |
| Oct 15, 2024 | UBS | Sector Perform | Sector Perform | Hold |
| Oct 15, 2024 | UBS | Buy | Buy | Hold |
| Oct 14, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Oct 08, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Sep 30, 2024 | Scotiabank | Underperform | Sector Perform | Downgrade |
| Sep 23, 2024 | UBS | Buy | Buy | Hold |
| Sep 19, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Sep 04, 2024 | UBS | Sector Outperform | Sector Outperform | Hold |
| Sep 04, 2024 | Scotiabank | Underperform | Underperform | Hold |
Freeport-McMoRan's last stock rating was published by Raymond James on Oct 23, 2024. The company gave FCX a "Outperform" rating, the same as its previous rate.
Freeport-McMoRan Financial Forecast
Freeport-McMoRan Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.82B | $5.74B | $5.39B | $5.76B | $5.00B | $5.42B | $6.60B | $6.16B | $6.08B | $5.75B | $4.85B | $4.50B | $3.85B | $3.05B | $2.80B | $3.91B | $3.15B |
| Avg Forecast | $7.84B | $7.88B | $7.80B | $7.72B | $6.96B | $7.14B | $7.14B | $6.89B | $6.45B | $6.45B | $6.00B | $5.70B | $5.85B | $5.43B | $5.61B | $5.21B | $5.41B | $4.88B | $6.13B | $6.44B | $6.44B | $6.18B | $5.73B | $4.87B | $4.33B | $3.74B | $3.13B | $2.90B | $3.70B | $3.53B |
| High Forecast | $8.15B | $8.19B | $8.11B | $8.03B | $7.23B | $7.43B | $7.42B | $7.13B | $6.76B | $6.47B | $6.00B | $5.70B | $5.98B | $5.65B | $5.83B | $5.42B | $5.63B | $4.88B | $6.13B | $6.44B | $6.44B | $6.18B | $5.73B | $4.87B | $4.33B | $3.74B | $3.13B | $2.90B | $3.70B | $3.53B |
| Low Forecast | $7.59B | $7.63B | $7.55B | $7.47B | $6.73B | $6.91B | $6.91B | $6.75B | $6.31B | $6.43B | $6.00B | $5.70B | $5.78B | $5.26B | $5.43B | $5.05B | $5.24B | $4.88B | $6.13B | $6.44B | $6.44B | $6.18B | $5.73B | $4.87B | $4.33B | $3.74B | $3.13B | $2.90B | $3.70B | $3.53B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 15 | 9 | 9 | 16 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.07% | 1.02% | 1.03% | 1.06% | 1.02% | 0.88% | 1.02% | 0.96% | 0.98% | 1.00% | 1.00% | 1.04% | 1.03% | 0.97% | 0.97% | 1.06% | 0.89% |
Freeport-McMoRan's average Quarter revenue forecast for Dec 23 based on 5 analysts is $5.85B, with a low forecast of $5.78B, and a high forecast of $5.98B. FCX's average Quarter revenue forecast represents a 0.48% increase compared to the company's last Quarter revenue of $5.82B (Sep 23).
Freeport-McMoRan EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 15 | 9 | 9 | 16 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.10B | $1.98B | $2.09B | $2.19B | $1.50B | $2.25B | $3.33B | $2.47B | $2.69B | $2.32B | $1.73B | $1.56B | $746.00M | $264.00M | $-424.00M | $557.00M | $7.00M |
| Avg Forecast | $2.61B | $2.62B | $2.60B | $2.57B | $2.32B | $2.38B | $2.38B | $2.30B | $2.15B | $2.15B | $2.00B | $3.09B | $1.95B | $1.81B | $1.87B | $2.81B | $2.72B | $1.56B | $1.96B | $2.56B | $2.06B | $1.97B | $1.83B | $1.73B | $1.38B | $1.19B | $1.00B | $-471.11M | $1.18B | $1.13B |
| High Forecast | $2.72B | $2.73B | $2.70B | $2.67B | $2.41B | $2.47B | $2.47B | $2.37B | $2.25B | $2.15B | $2.00B | $3.71B | $1.99B | $1.88B | $1.94B | $3.37B | $3.26B | $1.56B | $1.96B | $3.07B | $2.06B | $1.97B | $1.83B | $2.07B | $1.38B | $1.19B | $1.00B | $-376.89M | $1.18B | $1.13B |
| Low Forecast | $2.53B | $2.54B | $2.51B | $2.49B | $2.24B | $2.30B | $2.30B | $2.25B | $2.10B | $2.14B | $2.00B | $2.47B | $1.93B | $1.75B | $1.81B | $2.25B | $2.17B | $1.56B | $1.96B | $2.05B | $2.06B | $1.97B | $1.83B | $1.38B | $1.38B | $1.19B | $1.00B | $-565.33M | $1.18B | $1.13B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 1.06% | 0.74% | 0.80% | 0.96% | 1.15% | 1.30% | 1.20% | 1.36% | 1.27% | 1.00% | 1.13% | 0.62% | 0.26% | 0.90% | 0.47% | 0.01% |
5 analysts predict FCX's average Quarter EBITDA for Dec 23 to be $1.95B, with a high of $1.99B and a low of $1.93B. This is -7.01% lower than Freeport-McMoRan's previous annual EBITDA (Sep 23) of $2.10B.
Freeport-McMoRan Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 15 | 9 | 9 | 16 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $454.00M | $729.00M | $1.04B | $979.00M | $552.00M | $840.00M | $1.53B | $1.35B | $1.40B | $1.08B | $718.00M | $708.00M | $329.00M | $53.00M | $-491.00M | $9.00M | $-207.00M |
| Avg Forecast | $1.05B | $1.06B | $1.06B | $1.05B | $770.50M | $760.92M | $754.68M | $747.67M | $547.67M | $516.36M | $573.19M | $1.59B | $334.56M | $485.20M | $524.97M | $1.45B | $1.22B | $351.31M | $890.57M | $1.32B | $1.40B | $1.17B | $1.10B | $718.00M | $557.65M | $300.14M | $-43.88M | $-545.56M | $-104.04K | $-7.07M |
| High Forecast | $1.11B | $1.12B | $1.11B | $1.11B | $810.63M | $800.56M | $793.98M | $804.10M | $674.05M | $543.25M | $573.43M | $1.91B | $398.29M | $510.48M | $552.31M | $1.74B | $1.46B | $351.31M | $890.57M | $1.58B | $1.40B | $1.17B | $1.10B | $861.60M | $557.65M | $300.14M | $-43.88M | $-436.44M | $-104.04K | $-7.07M |
| Low Forecast | $1.01B | $1.02B | $1.01B | $1.01B | $738.58M | $729.41M | $723.42M | $677.14M | $421.29M | $494.97M | $572.94M | $1.27B | $270.84M | $465.10M | $503.22M | $1.16B | $973.28M | $351.31M | $890.57M | $1.05B | $1.40B | $1.17B | $1.10B | $574.40M | $557.65M | $300.14M | $-43.88M | $-654.67M | $-104.04K | $-7.07M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | 1.39% | 0.72% | 0.80% | 1.57% | 0.94% | 1.16% | 0.96% | 1.20% | 0.99% | 1.00% | 1.27% | 1.10% | -1.21% | 0.90% | -86.51% | 29.30% |
Freeport-McMoRan's average Quarter net income forecast for Dec 23 is $334.56M, with a range of $270.84M to $398.29M. FCX's average Quarter net income forecast represents a -26.31% decrease compared to the company's last Quarter net income of $454.00M (Sep 23).
Freeport-McMoRan SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 15 | 9 | 9 | 16 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $118.00M | $115.00M | $126.00M | $107.00M | $98.00M | $100.00M | $115.00M | $94.00M | $102.00M | $87.00M | $100.00M | $97.00M | $72.00M | $91.00M | $110.00M | $99.00M | $106.00M |
| Avg Forecast | $174.01M | $174.87M | $173.08M | $171.30M | $154.36M | $158.47M | $158.38M | $152.94M | $143.13M | $143.08M | $133.12M | $119.91M | $129.87M | $120.53M | $124.44M | $109.01M | $103.40M | $108.47M | $136.30M | $99.10M | $143.20M | $137.39M | $127.29M | $100.00M | $96.22M | $83.16M | $69.63M | $122.22M | $82.16M | $78.54M |
| High Forecast | $180.98M | $181.87M | $180.02M | $178.16M | $160.54M | $164.82M | $164.73M | $158.19M | $149.96M | $143.56M | $133.12M | $143.89M | $132.77M | $125.36M | $129.42M | $130.81M | $124.08M | $108.47M | $136.30M | $118.91M | $143.20M | $137.39M | $127.29M | $120.00M | $96.22M | $83.16M | $69.63M | $146.67M | $82.16M | $78.54M |
| Low Forecast | $168.47M | $169.30M | $167.57M | $165.84M | $149.44M | $153.42M | $153.34M | $149.74M | $140.06M | $142.60M | $133.12M | $95.92M | $128.31M | $116.69M | $120.47M | $87.20M | $82.72M | $108.47M | $136.30M | $79.28M | $143.20M | $137.39M | $127.29M | $80.00M | $96.22M | $83.16M | $69.63M | $97.78M | $82.16M | $78.54M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 0.92% | 1.16% | 1.03% | 0.90% | 0.73% | 1.16% | 0.66% | 0.74% | 0.68% | 1.00% | 1.01% | 0.87% | 1.31% | 0.90% | 1.20% | 1.35% |
Freeport-McMoRan's average Quarter SG&A projection for Dec 23 is $129.87M, based on 5 Wall Street analysts, with a range of $128.31M to $132.77M. The forecast indicates a 10.06% rise compared to FCX last annual SG&A of $118.00M (Sep 23).
Freeport-McMoRan EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 15 | 9 | 9 | 16 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.32 | $0.51 | $0.72 | $0.68 | $0.39 | $0.59 | $1.05 | $0.93 | $0.95 | $0.74 | $0.49 | $0.49 | $0.23 | $0.04 | $-0.34 | $0.01 | $-0.09 |
| Avg Forecast | $0.73 | $0.73 | $0.73 | $0.73 | $0.53 | $0.53 | $0.52 | $0.52 | $0.38 | $0.36 | $0.40 | $0.27 | $0.23 | $0.34 | $0.36 | $0.45 | $0.47 | $0.24 | $0.62 | $0.93 | $0.97 | $0.81 | $0.76 | $0.51 | $0.39 | $0.21 | $-0.03 | $-0.18 | $-0.00 | $-0.00 |
| High Forecast | $0.77 | $0.77 | $0.77 | $0.77 | $0.56 | $0.55 | $0.55 | $0.56 | $0.47 | $0.38 | $0.40 | $0.27 | $0.28 | $0.35 | $0.38 | $0.47 | $0.49 | $0.24 | $0.62 | $0.93 | $0.97 | $0.81 | $0.76 | $0.51 | $0.39 | $0.21 | $-0.03 | $-0.18 | $-0.00 | $-0.00 |
| Low Forecast | $0.70 | $0.70 | $0.70 | $0.70 | $0.51 | $0.50 | $0.50 | $0.47 | $0.29 | $0.34 | $0.40 | $0.27 | $0.19 | $0.32 | $0.35 | $0.43 | $0.45 | $0.24 | $0.62 | $0.93 | $0.97 | $0.81 | $0.76 | $0.51 | $0.39 | $0.21 | $-0.03 | $-0.18 | $-0.00 | $-0.00 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | 1.40% | 1.60% | 1.45% | 1.60% | 0.96% | 1.13% | 0.96% | 1.18% | 0.97% | 0.96% | 1.26% | 1.09% | -1.20% | 1.87% | -86.08% | 18.45% |
According to 5 Wall Street analysts, Freeport-McMoRan's projected average Quarter EPS for Dec 23 is $0.23, with a low estimate of $0.19 and a high estimate of $0.28. This represents a -27.65% decrease compared to FCX previous annual EPS of $0.32 (Sep 23).