Freeport-McMoRan Inc. (FCX)
NYSE: FCX · Real-Time Price · USD
49.77
-1.05 (-2.07%)
At close: Oct 3, 2024, 4:00 PM
50.60
+0.83 (1.67%)
Pre-market: Oct 4, 2024, 9:15 AM EDT
Freeport-McMoRan Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for Freeport-McMoRan stock have an average target of 53.09, with a low estimate of 41 and a high estimate of 60. The average target predicts an increase of 6.67% from the current stock price of 49.77.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for FCX stock from 11 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 | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 3 |
| Buy | 3 | 3 | 4 | 4 | 4 | 3 |
| Hold | 6 | 7 | 6 | 4 | 4 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 12 | 12 | 10 | 10 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Scotiabank | Scotiabank | Buy → Hold Downgrades $52 | Buy → Hold | Downgrades | $52 | +4.48% | Sep 30, 2024 |
| Raymond James | Raymond James | Buy Maintains $53 → $55 | Buy | Maintains | $53 → $55 | +10.51% | Sep 23, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $60 → $58 | Buy | Maintains | $60 → $58 | +16.54% | Sep 19, 2024 |
| UBS | UBS | Hold → Strong Buy Upgrades $54 → $55 | Hold → Strong Buy | Upgrades | $54 → $55 | +10.51% | Sep 4, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $58 → $52 | Buy | Maintains | $58 → $52 | +4.48% | Aug 19, 2024 |
Financial Forecast
Revenue This Year
26.43B
from 22.86B
Increased by 15.62%
Revenue Next Year
28.21B
from 26.43B
Increased by 6.74%
EPS This Year
1.70
from 1.28
Increased by 32.69%
EPS Next Year
2.26
from 1.70
Increased by 33.01%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 28.9B | 36.7B | 37.5B | ||
| Avg | 26.4B | 28.2B | 29.7B | ||
| Low | 24.8B | 24.3B | 24.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 26.6% | 39.1% | 32.8% | ||
| Avg | 15.6% | 6.7% | 5.4% | ||
| Low | 8.3% | -7.9% | -11.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.31 | 3.33 | 4.21 |
| Avg | 1.70 | 2.26 | 2.61 |
| Low | 1.28 | 1.31 | 1.36 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 80.5% | 96.2% | 86.4% |
| Avg | 32.7% | 33.0% | 15.6% |
| Low | 0.3% | -22.7% | -39.7% |
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.