Freeport-McMoRan (FCX) Stock Forecast, Price Target & Predictions


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FCX Stock Forecast


Freeport-McMoRan stock forecast is as follows: an average price target of $54.75 (represents a 40.89% upside from FCX’s last price of $38.86) 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 $54.75 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 $53.00. This represents a potential 40.89% upside from FCX's last price of $38.86.

FCX Analyst Ratings


Buy

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 08, 2024Orest WowkodawScotiabank$53.00$50.794.35%36.39%
Sep 30, 2024Orest WowkodawScotiabank$52.00$51.341.29%33.81%
Sep 19, 2024Carlos De AlbaMorgan Stanley$58.00$45.3927.78%49.25%
Sep 04, 2024Curt WoodworthUBS$55.00$42.0530.81%41.53%
Jul 24, 2024Brian MacArthurRaymond James$53.00$45.2717.08%36.39%
Jun 21, 2024Carlos De AlbaMorgan Stanley$62.00$48.9626.63%59.55%
May 14, 2024Curt WoodworthUBS$54.00$52.043.77%38.96%
Apr 25, 2024David ColemanArgus Research$54.00$48.7010.88%38.96%
Apr 09, 2024Orest WowkodawScotiabank$55.00$50.0010.00%41.53%
Apr 04, 2024Liam FitzpatrickDeutsche Bank$46.00$49.61-7.28%18.37%
Apr 03, 2024Brian MacArthurRaymond James$49.50$49.63-0.27%27.38%
Jan 08, 2024Bob BrackettBernstein$48.50$42.2014.93%24.81%
Oct 06, 2022Jatinder GoelBNP Paribas$29.00$30.51-4.95%-25.37%
Aug 02, 2022Abhi AgarwalDeutsche Bank$35.00$29.7717.55%-9.93%
Jul 19, 2022Barclays$24.00$27.42-12.47%-38.24%
Jul 14, 2022Goldman Sachs$23.00$12.5583.27%-40.81%
Jul 13, 2022Jatinder GoelBNP Paribas$34.00$26.4828.40%-12.51%
Jul 07, 2022Deutsche Bank$37.00$28.8628.18%-4.79%
Jun 29, 2022Deutsche Bank$38.00$30.7823.46%-2.21%
Jun 22, 2022Carlos De AlbaMorgan Stanley$30.00$31.32-4.21%-22.80%
Jun 09, 2022Curt WoodworthCredit Suisse$38.00$42.20-9.95%-2.21%
Apr 25, 2022Morgan Stanley$39.00$40.01-2.51%0.36%
Apr 22, 2022BMO Capital$56.00$42.5231.69%44.11%
Apr 22, 2022Deutsche Bank$47.00$43.607.79%20.95%
Apr 22, 2022RBC Capital$47.00$44.954.56%20.95%
Jan 27, 2022Timna TannersWolfe Research$45.00$37.1021.29%15.80%
Jan 27, 2022David GaglianoBMO Capital$50.00$37.1034.77%28.67%
Jan 26, 2022Sam CrittendenRBC Capital$46.00$38.4319.70%18.37%
Jan 18, 2022Brian MacArthurRaymond James$49.00$44.2910.63%26.09%
Oct 22, 2021Lawson WinderBank of America Securities$43.00$37.5414.54%10.65%
Oct 22, 2021David ColemanArgus Research$45.00$37.5419.87%15.80%
Oct 22, 2021Matt MurphyBarclays$28.00$37.54-25.41%-27.95%
Apr 14, 2021Emily ChiengGoldman Sachs$43.00$36.0419.31%10.65%

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 36.39% increase from FCX last price ($38.86).

Freeport-McMoRan Price Target by Period


1M3M12M
# Anlaysts-312
Avg Price Target-$54.33$53.33
Last Closing Price$38.86$38.86$38.86
Upside/Downside-100.00%39.81%37.24%

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 $38.86. 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


DateCompanyPrevious RatingNew RatingRating Change
Oct 23, 2024Raymond JamesOutperformOutperformHold
Oct 15, 2024UBSSector PerformSector PerformHold
Oct 15, 2024UBSBuyBuyHold
Oct 14, 2024Morgan StanleyOverweightOverweightHold
Oct 08, 2024ScotiabankSector PerformSector PerformHold
Sep 30, 2024ScotiabankUnderperformSector PerformDowngrade
Sep 23, 2024UBSBuyBuyHold
Sep 19, 2024Morgan StanleyOverweightOverweightHold
Sep 04, 2024UBSSector OutperformSector OutperformHold
Sep 04, 2024ScotiabankUnderperformUnderperformHold
Sep 04, 2024UBSSector PerformBuyUpgrade
Aug 19, 2024ScotiabankSector OutperformSector OutperformHold
Jul 24, 2024UBSSector PerformSector PerformHold
Jul 24, 2024Raymond JamesOutperformOutperformHold
Jun 20, 2024Morgan StanleyEqual-WeightOverweightUpgrade
May 30, 2024ScotiabankOutperformOutperformHold
May 14, 2024UBSNeutralNeutralHold
Apr 18, 2024CitigroupNeutralNeutralHold
Apr 17, 2024ScotiabankSector OutperformSector OutperformHold
Apr 17, 2024RBC CapitalUnderperformUnderperformHold
Apr 09, 2024ScotiabankOutperformOutperformHold
Apr 09, 2024Bank of America SecuritiesUnderperformBuyUpgrade
Apr 04, 2024Deutsche BankHoldHoldHold
Apr 03, 2024Raymond JamesOutperformOutperformHold
Jan 08, 2024BernsteinOutperformUpgrade
Oct 20, 2023BMO CapitalOutperformOutperformHold
Jun 22, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Mar 14, 2023ScotiabankSector PerformOutperformUpgrade
Mar 14, 2023CitigroupBuyUpgrade
Mar 14, 2023Canaccord GenuityBuyUpgrade
Mar 14, 2023Piper SandlerNeutralDowngrade
Mar 14, 2023Raymond JamesMarket OutperformMarket PerformDowngrade
Mar 14, 2023JMP SecuritiesPerformDowngrade
Mar 14, 2023SMBC NikkoNeutralDowngrade
Mar 14, 2023Janney MontgomeryNeutralDowngrade
Mar 14, 2023BMO CapitalMarket PerformDowngrade
Mar 14, 2023Wolfe ResearchOutperformUpgrade
Mar 14, 2023BarclaysUnderweightOverweightUpgrade
Mar 14, 2023Keefe, Bruyette & WoodsOutperformUpgrade
Mar 14, 2023ScotiabankSector PerformSector OutperformUpgrade
Nov 11, 2022ScotiabankSector PerformDowngrade
Jul 22, 2022Deutsche BankHoldHoldHold
Jul 19, 2022BarclaysUnderweightUnderweightHold
Jul 14, 2022Goldman SachsBuyBuyHold
Jul 13, 2022Exane BNP ParibasOutperformUpgrade
Jun 29, 2022Deutsche BankHoldHoldHold
Jun 23, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Jun 09, 2022Credit SuisseNeutralUpgrade
Apr 11, 2021Raymond JamesMarket OutperformUpgrade

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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$7.88B$7.88B$7.84B$7.76B$6.96B$7.06B$6.93B$6.58B$6.26B$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$8.25B$8.25B$8.21B$8.12B$7.28B$7.39B$7.26B$6.81B$6.56B$6.47B$6.00B$5.70B$5.98B$5.69B$5.87B$5.46B$5.67B$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$7.45B$7.45B$7.41B$7.33B$6.58B$6.68B$6.56B$6.44B$6.13B$6.43B$6.00B$5.70B$5.78B$5.14B$5.30B$4.93B$5.12B$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
# Analysts11111113424454443333444491599168
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts11111113424454443333444491599168
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$2.62B$2.62B$2.61B$2.58B$2.32B$2.35B$2.31B$2.19B$2.09B$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$2.75B$2.75B$2.73B$2.71B$2.43B$2.46B$2.42B$2.27B$2.19B$2.15B$2.00B$3.71B$1.99B$1.89B$1.96B$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$2.48B$2.48B$2.47B$2.44B$2.19B$2.22B$2.18B$2.15B$2.04B$2.14B$2.00B$2.47B$1.93B$1.71B$1.77B$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts11111113424454443333444491599168
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$1.06B$1.06B$1.07B$1.06B$752.63M$721.55M$708.22M$666.71M$502.28M$516.00M$572.79M$1.59B$334.33M$484.87M$524.61M$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$1.12B$1.13B$1.13B$1.13B$798.84M$765.85M$751.72M$718.00M$634.46M$547.68M$573.04M$1.91B$398.01M$514.64M$556.82M$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$984.26M$987.91M$990.14M$986.64M$699.37M$670.49M$658.10M$615.42M$343.67M$479.48M$572.55M$1.27B$270.65M$450.56M$487.48M$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 $334.33M, with a range of $270.65M to $398.01M. FCX's average Quarter net income forecast represents a -26.36% decrease compared to the company's last Quarter net income of $454.00M (Sep 23).

Freeport-McMoRan SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts11111113424454443333444491599168
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$174.87M$174.86M$173.93M$172.14M$154.36M$156.69M$153.87M$146.05M$139.03M$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$183.13M$183.12M$182.15M$180.27M$161.65M$164.09M$161.14M$151.07M$145.67M$143.56M$133.12M$143.89M$132.77M$126.23M$130.31M$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$165.35M$165.34M$164.46M$162.77M$145.96M$148.16M$145.49M$143.00M$136.05M$142.60M$133.12M$95.92M$128.31M$113.97M$117.66M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts11111113424454443333444491599168
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$0.74$0.74$0.74$0.52$0.50$0.49$0.46$0.35$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$0.78$0.78$0.78$0.78$0.55$0.53$0.52$0.50$0.44$0.38$0.40$0.27$0.28$0.36$0.39$0.48$0.50$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$0.68$0.68$0.69$0.68$0.48$0.46$0.46$0.43$0.24$0.33$0.40$0.27$0.19$0.31$0.34$0.42$0.43$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).

Freeport-McMoRan Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
EROEro Copper$13.40$19.0041.79%Buy
FCXFreeport-McMoRan$40.62$54.7534.79%Buy
HBMHudbay Minerals$8.36$10.3423.68%Buy
SCCOSouthern Copper$96.74$76.00-21.44%Sell

FCX Forecast FAQ


Is Freeport-McMoRan a good buy?

Yes, according to 19 Wall Street analysts, Freeport-McMoRan (FCX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 11 'Buy' recommendations, accounting for 57.89% of FCX's total ratings.

What is FCX's price target?

Freeport-McMoRan (FCX) average price target is $54.75 with a range of $53 to $58, implying a 40.89% from its last price of $38.86. The data is based on 19 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Freeport-McMoRan stock go up soon?

According to Wall Street analysts' prediction for FCX stock, the company can go up by 40.89% (from the last price of $38.86 to the average price target of $54.75), up by 49.25% based on the highest stock price target, and up by 36.39% based on the lowest stock price target.

Can Freeport-McMoRan stock reach $60?

FCX's average twelve months analyst stock price target of $54.75 does not support the claim that Freeport-McMoRan can reach $60 in the near future.

What are Freeport-McMoRan's analysts' financial forecasts?

Freeport-McMoRan's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $27.53B (high $28.74B, low $26.25B), average EBITDA is $9.17B (high $9.57B, low $8.74B), average net income is $2.85B (high $3.03B, low $2.64B), average SG&A $610.97M (high $637.94M, low $582.61M), and average EPS is $1.97 (high $2.1, low $1.83). FCX's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $31.35B (high $32.83B, low $29.65B), average EBITDA is $10.44B (high $10.94B, low $9.87B), average net income is $4.25B (high $4.51B, low $3.95B), average SG&A $695.8M (high $728.66M, low $657.92M), and average EPS is $2.94 (high $3.12, low $2.73).

Did the FCX's actual financial results beat the analysts' financial forecasts?

Based on Freeport-McMoRan's last annual report (Dec 2023), the company's revenue was $22.86B, beating the average analysts forecast of $22.1B by 3.40%. Apple's EBITDA was $7.56B, missing the average prediction of $8.44B by -10.42%. The company's net income was $8.28B, beating the average estimation of $2.79B by 196.50%. Apple's SG&A was $479M, missing the average forecast of $483.84M by -1.00%. Lastly, the company's EPS was $5.77, beating the average prediction of $1.38 by 317.87%. In terms of the last quarterly report (Sep 2023), Freeport-McMoRan's revenue was $5.82B, beating the average analysts' forecast of $5.43B by 7.24%. The company's EBITDA was $2.1B, beating the average prediction of $1.81B by 15.87%. Freeport-McMoRan's net income was $454M, missing the average estimation of $484.87M by -6.37%. The company's SG&A was $118M, missing the average forecast of $120.53M by -2.10%. Lastly, the company's EPS was $0.32, missing the average prediction of $0.336 by -4.70%