Freeport-McMoRan Inc. (FCX)
NYSE: FCX · Real-Time Price · USD
39.10
+0.24 (0.60%)
Dec 23, 2024, 1:57 PM EST - Market open
Freeport-McMoRan Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Freeport-McMoRan stock have an average target of 56, with a low estimate of 52 and a high estimate of 60. The average target predicts an increase of 43.24% from the current stock price of 39.10.
Analyst Consensus: Buy
* Price targets were last updated on Oct 23, 2024.
Analyst Ratings
The average analyst rating for FCX stock from 9 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 3 | 3 | 3 | 3 |
| Buy | 4 | 4 | 3 | 2 | 2 | 2 |
| Hold | 4 | 4 | 5 | 5 | 5 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 11 | 10 | 10 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Scotiabank | Scotiabank | Hold Maintains $53 → $52 | Hold | Maintains | $53 → $52 | +33.01% | Oct 23, 2024 |
| Raymond James | Raymond James | Buy Maintains $55 → $57 | Buy | Maintains | $55 → $57 | +45.80% | Oct 23, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $53 → $55 | Hold | Maintains | $53 → $55 | +40.68% | Oct 15, 2024 |
| Scotiabank | Scotiabank | Hold Maintains $52 → $53 | Hold | Maintains | $52 → $53 | +35.57% | Oct 8, 2024 |
| Scotiabank | Scotiabank | Buy → Hold Downgrades $52 | Buy → Hold | Downgrades | $52 | +33.01% | Sep 30, 2024 |
Financial Forecast
Revenue This Year
26.22B
from 22.86B
Increased by 14.73%
Revenue Next Year
27.66B
from 26.22B
Increased by 5.50%
EPS This Year
1.54
from 1.28
Increased by 20.52%
EPS Next Year
2.12
from 1.54
Increased by 37.25%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 28.0B | 32.0B | 37.6B | |||
| Avg | 26.2B | 27.7B | 29.7B | |||
| Low | 24.8B | 24.0B | 25.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 22.4% | 21.9% | 35.9% | |||
| Avg | 14.7% | 5.5% | 7.5% | |||
| Low | 8.6% | -8.6% | -7.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.80 | 2.89 | 4.16 | ||
| Avg | 1.54 | 2.12 | 2.78 | ||
| Low | 1.31 | 1.23 | 1.36 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 40.9% | 87.2% | 96.4% | ||
| Avg | 20.5% | 37.3% | 31.2% | ||
| Low | 2.7% | -20.0% | -35.7% |
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.