Freeport-McMoRan Inc. (FCX)

Freeport-McMoRan Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for Freeport-McMoRan stock have an average target of 52.17, with a low estimate of 40 and a high estimate of 60. The average target predicts an increase of 41.08% from the current stock price of 36.98.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$40	$52.17	$54	$60
Change	+8.17%	+41.08%	+46.02%	+62.25%

Analyst Ratings

The average analyst rating for Freeport-McMoRan stock from 12 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	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25
Strong Buy	3	3	3	3	3	3
Buy	3	2	2	2	3	3
Hold	5	5	5	5	6	6
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	11	10	10	10	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Orest Wowkodaw Scotiabank	Scotiabank	Hold Maintains $48 → $45	Hold	Maintains	$48 → $45	+21.69%	Jan 24, 2025
Katja Jancic BMO Capital	BMO Capital	Buy Maintains $54 → $50	Buy	Maintains	$54 → $50	+35.21%	Jan 24, 2025
Chris LaFemina Jefferies	Jefferies	Strong Buy → Hold Downgrades $48 → $40	Strong Buy → Hold	Downgrades	$48 → $40	+8.17%	Jan 24, 2025
Bill Peterson JP Morgan	JP Morgan	Hold Maintains $55 → $48	Hold	Maintains	$55 → $48	+29.80%	Jan 16, 2025
Bob Brackett Bernstein	Bernstein	Buy → Hold Downgrades $51 → $46	Buy → Hold	Downgrades	$51 → $46	+24.39%	Jan 7, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

26.29B

Increased by 3.30%

from 25.46B

Revenue Next Year

29.14B

Increased by 10.82%

from 26.29B

EPS This Year

1.66

Increased by 27.73%

from 1.30

EPS Next Year

2.32

Increased by 39.93%

from 1.66

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	14.20B	22.85B	22.78B	22.86B	25.46B	26.29B	29.14B	29.90B
Revenue Growth	-1.42%	60.90%	-0.28%	0.33%	11.38%	3.30%	10.82%	2.62%
EPS	0.41	2.90	2.39	1.28	1.30	1.66	2.32	2.52
EPS Growth	-	607.32%	-17.59%	-46.44%	1.56%	27.73%	39.93%	8.34%
Forward PE	-	-	-	-	-	22.27	15.92	14.69
No. Analysts	-	-	-	-	-	24	23	13

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	29.1B	36.6B	40.1B
Avg	26.3B	29.1B	29.9B
Low	24.1B	25.2B	25.4B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	14.2%	39.2%	37.6%
Avg	3.3%	10.8%	2.6%
Low	-5.4%	-4.1%	-12.9%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	2.38	4.12	3.65
Avg	1.66	2.32	2.52
Low	0.98	1.46	1.62

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	83.3%	147.9%	57.3%
Avg	27.7%	39.9%	8.3%
Low	-24.5%	-12.1%	-30.4%

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.