Freeport-McMoRan Inc. (FCX)

Freeport-McMoRan Stock Forecast

Stock Price Forecast

The 16 analysts that cover Freeport-McMoRan stock have a consensus rating of "Strong Buy" and an average price target of $47.88, which forecasts a 16.07% increase in the stock price over the next year. The lowest target is $42 and the highest is $56.

Price Target: $47.88 (+16.07%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$42	$47.88	$48	$56
Change	+1.82%	+16.07%	+16.36%	+35.76%

Analyst Ratings

The average analyst rating for Freeport-McMoRan stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25
Strong Buy	3	4	4	4	7	7
Buy	6	5	5	4	5	6
Hold	2	5	5	6	4	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	11	14	14	14	16	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Orest Wowkodaw Scotiabank	Scotiabank	Hold → Buy Upgrades $51 → $47	Hold → Buy	Upgrades	$51 → $47	+13.94%	Nov 19, 2025
Carlos De Alba Morgan Stanley	Morgan Stanley	Buy Maintains $46 → $44	Buy	Maintains	$46 → $44	+6.67%	Nov 19, 2025
Katja Jancic BMO Capital	BMO Capital	Buy Maintains $48 → $47	Buy	Maintains	$48 → $47	+13.94%	Nov 19, 2025
Orest Wowkodaw Scotiabank	Scotiabank	Hold Maintains $49 → $51	Hold	Maintains	$49 → $51	+23.64%	Oct 28, 2025
Jonathan Brandt HSBC	HSBC	Hold → Strong Buy Upgrades $43 → $50	Hold → Strong Buy	Upgrades	$43 → $50	+21.21%	Oct 17, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

25.74B

Increased by 1.13%

from 25.46B

Revenue Next Year

28.34B

Increased by 10.07%

from 25.74B

EPS This Year

1.51

Increased by 15.82%

from 1.30

EPS Next Year

2.23

Increased by 47.80%

from 1.51

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	14.20B	22.85B	22.78B	22.86B	25.46B	25.74B	28.34B
Revenue Growth	-1.42%	60.90%	-0.29%	0.33%	11.38%	1.13%	10.07%
EPS	0.41	2.90	2.39	1.28	1.30	1.51	2.23
EPS Growth	-	607.32%	-17.59%	-46.44%	1.56%	15.82%	47.80%
Forward PE	-	-	-	-	-	27.40	18.54
No. Analysts	-	-	-	-	-	24	24

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	27.5B	32.0B
Avg	25.7B	28.3B
Low	24.2B	22.6B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	8.2%	24.4%
Avg	1.1%	10.1%
Low	-4.8%	-12.1%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	1.73	3.10
Avg	1.51	2.23
Low	1.29	1.51

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	33.0%	105.7%
Avg	15.8%	47.8%
Low	-0.5%	0.2%

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.