Freeport-McMoRan (FCX) Stock Forecast, Price Target & Predictions
FCX Stock Forecast
Freeport-McMoRan stock forecast is as follows: an average price target of $46.77 (represents a 9.63% upside from FCX’s last price of $42.66) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.
FCX Price Target
The average price target for Freeport-McMoRan (FCX) is $46.77 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $62.00 to $24.00. This represents a potential 9.63% upside from FCX's last price of $42.66.
FCX Analyst Ratings
According to 17 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' (64.71%), 6 'Hold' (35.29%), 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 |
|---|---|---|---|---|---|---|
| Sep 04, 2024 | Curt Woodworth | UBS | $55.00 | $42.05 | 30.81% | 28.93% |
| Jul 24, 2024 | Brian MacArthur | Raymond James | $53.00 | $45.27 | 17.08% | 24.24% |
| Jun 21, 2024 | Carlos De Alba | Morgan Stanley | $62.00 | $48.96 | 26.63% | 45.34% |
| May 14, 2024 | Curt Woodworth | UBS | $54.00 | $52.04 | 3.77% | 26.58% |
| Apr 25, 2024 | David Coleman | Argus Research | $54.00 | $48.70 | 10.88% | 26.58% |
| Apr 09, 2024 | Orest Wowkodaw | Scotiabank | $55.00 | $50.00 | 10.00% | 28.93% |
| Apr 04, 2024 | Liam Fitzpatrick | Deutsche Bank | $46.00 | $49.61 | -7.28% | 7.83% |
| Apr 03, 2024 | Brian MacArthur | Raymond James | $49.50 | $49.63 | -0.27% | 16.03% |
| Jan 08, 2024 | Bob Brackett | Bernstein | $48.50 | $42.20 | 14.93% | 13.69% |
| Oct 06, 2022 | Jatinder Goel | BNP Paribas | $29.00 | $30.51 | -4.95% | -32.02% |
The latest Freeport-McMoRan stock forecast, released on Sep 04, 2024 by Curt Woodworth from UBS, set a price target of $55.00, which represents a 30.81% increase from the stock price at the time of the forecast ($42.05), and a 28.93% increase from FCX last price ($42.66).
Freeport-McMoRan Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 9 |
| Avg Price Target | $55.00 | $56.67 | $53.00 |
| Last Closing Price | $42.66 | $42.66 | $42.66 |
| Upside/Downside | 28.93% | 32.84% | 24.24% |
In the current month, the average price target of Freeport-McMoRan stock is $55.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 28.93% increase as opposed to Freeport-McMoRan's last price of $42.66. This month's average price target is down -2.95% compared to last quarter, and up 3.77% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 04, 2024 | Scotiabank | Underperform | Underperform | Hold |
| Sep 04, 2024 | UBS | Sector Outperform | Sector Outperform | Hold |
| Sep 04, 2024 | UBS | Sector Perform | Buy | Upgrade |
| Aug 19, 2024 | Scotiabank | Sector Outperform | Sector Outperform | Hold |
| Jul 24, 2024 | UBS | Sector Perform | Sector Perform | Hold |
| Jul 24, 2024 | Raymond James | Outperform | Outperform | Hold |
| Jun 20, 2024 | Morgan Stanley | Equal-Weight | Overweight | Upgrade |
| May 30, 2024 | Scotiabank | Outperform | Outperform | Hold |
| May 14, 2024 | UBS | Neutral | Neutral | Hold |
| Apr 18, 2024 | Citigroup | Neutral | Neutral | Hold |
Freeport-McMoRan's last stock rating was published by Scotiabank on Sep 04, 2024. The company gave FCX a "Underperform" 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 | $7.82B | $7.86B | $7.78B | $7.70B | $6.74B | $6.73B | $7.23B | $7.09B | $6.67B | $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 | $8.09B | $8.13B | $8.05B | $7.97B | $6.98B | $6.97B | $7.49B | $7.34B | $6.90B | $6.76B | $6.21B | $5.90B | $5.98B | $5.62B | $5.80B | $5.40B | $5.60B | $5.05B | $6.44B | $6.76B | $6.76B | $6.49B | $6.01B | $5.11B | $4.55B | $3.93B | $3.29B | $3.04B | $3.88B | $3.71B |
| Low Forecast | $7.35B | $7.39B | $7.31B | $7.24B | $6.34B | $6.33B | $6.80B | $6.67B | $6.27B | $5.94B | $5.64B | $5.37B | $5.78B | $5.11B | $5.27B | $4.90B | $5.09B | $4.59B | $5.75B | $6.04B | $6.05B | $5.80B | $5.37B | $4.57B | $4.06B | $3.51B | $2.94B | $2.72B | $3.47B | $3.32B |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 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 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 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 | $2.50B | $2.51B | $2.48B | $2.46B | $2.15B | $2.15B | $2.31B | $2.26B | $2.13B | $2.06B | $1.92B | $3.09B | $1.87B | $1.73B | $1.79B | $2.81B | $1.73B | $2.67B | $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 | $2.58B | $2.60B | $2.57B | $2.54B | $2.23B | $2.22B | $2.39B | $2.34B | $2.20B | $2.16B | $1.98B | $3.71B | $1.91B | $1.79B | $1.85B | $3.37B | $1.79B | $3.20B | $2.06B | $3.07B | $2.16B | $2.07B | $1.92B | $2.07B | $1.45B | $1.25B | $1.05B | $-376.89M | $1.24B | $1.18B |
| Low Forecast | $2.35B | $2.36B | $2.34B | $2.31B | $2.02B | $2.02B | $2.17B | $2.13B | $2.00B | $1.90B | $1.80B | $2.47B | $1.85B | $1.63B | $1.68B | $2.25B | $1.63B | $2.14B | $1.84B | $2.05B | $1.93B | $1.85B | $1.72B | $1.38B | $1.30B | $1.12B | $938.71M | $-565.33M | $1.11B | $1.06B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.21% | 1.11% | 0.74% | 1.26% | 0.56% | 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 $1.87B, with a high of $1.91B and a low of $1.85B. This is -10.86% 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 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 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 | $1.09B | $1.11B | $1.10B | $1.09B | $782.80M | $780.46M | $782.64M | $757.95M | $618.24M | $572.38M | $573.19M | $1.59B | $334.56M | $485.20M | $524.97M | $1.45B | $675.58M | $1.39B | $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 | $1.14B | $1.16B | $1.15B | $1.14B | $818.53M | $816.09M | $818.38M | $792.55M | $646.46M | $771.47M | $599.36M | $1.91B | $398.29M | $507.35M | $548.94M | $1.74B | $706.42M | $1.66B | $948.09M | $1.58B | $1.49B | $1.24B | $1.17B | $861.60M | $593.68M | $319.53M | $-40.35M | $-436.44M | $-95.68K | $-6.50M |
| Low Forecast | $1.00B | $1.02B | $1.01B | $1.01B | $722.46M | $720.29M | $722.30M | $699.51M | $570.59M | $460.39M | $529.00M | $1.27B | $270.84M | $447.79M | $484.49M | $1.16B | $623.50M | $1.11B | $819.03M | $1.05B | $1.29B | $1.07B | $1.01B | $574.40M | $512.86M | $276.02M | $-46.71M | $-654.67M | $-110.76K | $-7.52M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | 1.39% | 0.72% | 1.45% | 0.40% | 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 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 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 | $173.69M | $174.55M | $172.77M | $170.99M | $149.74M | $149.58M | $160.71M | $157.49M | $148.22M | $143.30M | $133.29M | $119.91M | $130.03M | $120.68M | $124.59M | $109.01M | $120.31M | $101.12M | $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 | $179.79M | $180.68M | $178.84M | $176.99M | $155.00M | $154.83M | $166.36M | $163.02M | $153.42M | $150.19M | $137.97M | $143.89M | $132.93M | $124.92M | $128.96M | $130.81M | $124.53M | $121.34M | $143.08M | $118.91M | $150.32M | $144.22M | $133.62M | $120.00M | $101.00M | $87.29M | $73.09M | $146.67M | $86.25M | $82.44M |
| Low Forecast | $163.39M | $164.20M | $162.52M | $160.85M | $140.86M | $140.71M | $151.18M | $148.15M | $139.43M | $131.97M | $125.38M | $95.92M | $128.47M | $113.52M | $117.20M | $87.20M | $113.17M | $80.89M | $127.88M | $79.28M | $134.36M | $128.90M | $119.43M | $80.00M | $90.27M | $78.02M | $65.33M | $97.78M | $77.09M | $73.68M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 0.92% | 1.16% | 0.89% | 0.97% | 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 $130.03M, based on 5 Wall Street analysts, with a range of $128.47M to $132.93M. The forecast indicates a 10.19% 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 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 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 | $0.75 | $0.77 | $0.76 | $0.75 | $0.54 | $0.54 | $0.54 | $0.52 | $0.43 | $0.40 | $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 | $0.79 | $0.80 | $0.79 | $0.79 | $0.57 | $0.56 | $0.57 | $0.55 | $0.45 | $0.53 | $0.41 | $0.28 | $0.28 | $0.35 | $0.38 | $0.47 | $0.49 | $0.25 | $0.66 | $0.99 | $1.03 | $0.86 | $0.81 | $0.55 | $0.41 | $0.22 | $-0.03 | $-0.17 | $-0.00 | $-0.00 |
| Low Forecast | $0.69 | $0.71 | $0.70 | $0.70 | $0.50 | $0.50 | $0.50 | $0.48 | $0.39 | $0.32 | $0.37 | $0.25 | $0.19 | $0.31 | $0.34 | $0.42 | $0.43 | $0.22 | $0.57 | $0.86 | $0.89 | $0.74 | $0.70 | $0.47 | $0.35 | $0.19 | $-0.03 | $-0.19 | $-0.00 | $-0.01 |
| 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).
FCX Forecast FAQ
Is Freeport-McMoRan a good buy?
Yes, according to 17 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 64.71% of FCX's total ratings.
What is FCX's price target?
Freeport-McMoRan (FCX) average price target is $46.77 with a range of $24 to $62, implying a 9.63% from its last price of $42.66. The data is based on 17 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 9.63% (from the last price of $42.66 to the average price target of $46.77), up by 45.34% based on the highest stock price target, and down by -43.74% based on the lowest stock price target.
Can Freeport-McMoRan stock reach $60?
FCX's highest twelve months analyst stock price target of $62 supports the claim that Freeport-McMoRan can reach $60 in the near future.
What is Freeport-McMoRan's current price target trend?
1 Wall Street analyst forecast a $55 price target for Freeport-McMoRan (FCX) this month, up 28.93% from its last price of $42.66. Compared to the last 3 and 12 months, the average price target increased by 32.84% and increased by 24.24%, respectively.
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 $27.79B (high $28.77B, low $26.14B), average EBITDA is $8.87B (high $9.18B, low $8.35B), average net income is $3.1B (high $3.25B, low $2.86B), average SG&A $617.52M (high $639.21M, low $580.9M), and average EPS is $2.15 (high $2.25, low $1.98). FCX's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $31.14B (high $32.24B, low $29.3B), average EBITDA is $9.94B (high $10.29B, low $9.35B), average net income is $4.38B (high $4.58B, low $4.04B), average SG&A $692M (high $716.3M, low $650.96M), and average EPS is $3.03 (high $3.17, low $2.8).
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 $8.21B by -7.87%. The company's net income was $8.28B, beating the average estimation of $2.79B by 196.40%. Apple's SG&A was $479M, missing the average forecast of $484.31M by -1.10%. 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 $1.73B by 20.87%. Freeport-McMoRan's net income was $454M, missing the average estimation of $485.2M by -6.43%. The company's SG&A was $118M, missing the average forecast of $120.68M by -2.22%. Lastly, the company's EPS was $0.32, missing the average prediction of $0.336 by -4.70%