Freeport-McMoRan Inc. (FCX)

Freeport-McMoRan Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for Freeport-McMoRan stock have an average target of 53.36, with a low estimate of 46 and a high estimate of 60. The average target predicts an increase of 32.41% from the current stock price of 40.30.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$46	$53.36	$54	$60
Change	+14.14%	+32.41%	+34.00%	+48.88%

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	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25
Strong Buy	2	3	3	3	3	4
Buy	4	3	2	2	2	2
Hold	4	5	5	5	5	5
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	10	11	10	10	10	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Bill Peterson JP Morgan	JP Morgan	Hold Maintains $55 → $48	Hold	Maintains	$55 → $48	+19.11%	Jan 16, 2025
Bob Brackett Bernstein	Bernstein	Buy → Hold Downgrades $51 → $46	Buy → Hold	Downgrades	$51 → $46	+14.14%	Jan 7, 2025
Orest Wowkodaw Scotiabank	Scotiabank	Hold Maintains $52 → $48	Hold	Maintains	$52 → $48	+19.11%	Jan 6, 2025
Chris LaFemina Jefferies	Jefferies	Strong Buy Maintains $60 → $48	Strong Buy	Maintains	$60 → $48	+19.11%	Jan 6, 2025
Orest Wowkodaw Scotiabank	Scotiabank	Hold Maintains $53 → $52	Hold	Maintains	$53 → $52	+29.03%	Oct 23, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

26.21B

Increased by 14.69%

from 22.86B

Revenue Next Year

27.64B

Increased by 5.43%

from 26.21B

EPS This Year

1.54

Increased by 20.52%

from 1.28

EPS Next Year

2.12

Increased by 37.25%

from 1.54

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	14.40B	14.20B	22.85B	22.78B	22.86B	26.21B	27.64B	29.78B
Revenue Growth	-22.69%	-1.42%	60.90%	-0.28%	0.33%	14.69%	5.43%	7.74%
EPS	-0.17	0.41	2.90	2.39	1.28	1.54	2.12	2.78
EPS Growth	-	-	607.32%	-17.59%	-46.44%	20.52%	37.25%	31.24%
Forward PE	-	-	-	-	-	26.12	19.03	14.50
No. Analysts	-	-	-	-	-	25	25	18

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028	2029
High	28.0B	32.0B	37.6B
Avg	26.2B	27.6B	29.8B
Low	24.8B	24.0B	25.6B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028	2029
High	22.4%	22.0%	36.1%
Avg	14.7%	5.4%	7.7%
Low	8.6%	-8.5%	-7.3%

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.