Freeport-McMoRan Inc. (FCX)
NYSE: FCX · Real-Time Price · USD
43.72
-0.04 (-0.09%)
At close: Nov 22, 2024, 4:00 PM
43.77
+0.05 (0.11%)
After-hours: Nov 22, 2024, 6:55 PM EST

Freeport-McMoRan Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for Freeport-McMoRan stock have an average target of 54.5, with a low estimate of 41 and a high estimate of 60. The average target predicts an increase of 24.66% from the current stock price of 43.72.

Analyst Consensus: Buy
Target Low Average Median High
Price $41 $54.5 $55 $60
Change -6.22% +24.66% +25.80% +37.24%
* Price targets were last updated on Oct 23, 2024.

Analyst Ratings

The average analyst rating for FCX stock from 10 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 222333
Buy 444322
Hold 644555
Sell 000000
Strong Sell 000000
Total 121010111010

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Scotiabank
Scotiabank
Hold
Maintains
$53$52
Hold Maintains $53$52 +18.94% Oct 23, 2024
Raymond James
Raymond James
Buy
Maintains
$55$57
Buy Maintains $55$57 +30.38% Oct 23, 2024
JP Morgan
JP Morgan
Hold
Maintains
$53$55
Hold Maintains $53$55 +25.80% Oct 15, 2024
Scotiabank
Scotiabank
Hold
Maintains
$52$53
Hold Maintains $52$53 +21.23% Oct 8, 2024
Scotiabank
Scotiabank
Hold
Downgrades
$52
Hold Downgrades $52 +18.94% Sep 30, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
26.22B
from 22.86B
Increased by 14.71%
Revenue Next Year
27.94B
from 26.22B
Increased by 6.57%
EPS This Year
1.54
from 1.28
Increased by 20.04%
EPS Next Year
2.18
from 1.54
Increased by 41.94%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
14.40B14.20B22.85B22.78B22.86B26.22B27.94B30.05B
Revenue Growth
-22.69%-1.42%60.90%-0.28%0.33%14.71%6.57%7.54%
EPS
-0.170.412.902.391.281.542.182.77
EPS Growth
--607.32%-17.59%-46.44%20.04%41.94%26.95%
Forward PE
-----28.4520.0515.79
No. Analysts -----242417
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 28.0B 32.0B 37.6B
Avg 26.2B 27.9B 30.0B
Low 24.9B 25.2B 25.6B

Revenue Growth

Revenue Growth 20242025202620272028
High
22.4%
21.9%
34.6%
Avg
14.7%
6.6%
7.5%
Low
8.8%
-3.9%
-8.4%

EPS Forecast

EPS 202420252026
High 1.80 3.00 4.14
Avg 1.54 2.18 2.77
Low 1.31 1.23 1.36

EPS Growth

EPS Growth 202420252026
High
40.9%
95.2%
89.7%
Avg
20.0%
41.9%
27.0%
Low
2.7%
-19.6%
-37.5%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.