Freeport-McMoRan Inc. (FCX)
NYSE: FCX · Real-Time Price · USD
43.70
-0.42 (-0.95%)
At close: Nov 20, 2024, 4:00 PM
43.42
-0.28 (-0.64%)
Pre-market: Nov 21, 2024, 4:48 AM EST
Freeport-McMoRan Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Freeport-McMoRan stock have an average target of 54.5, with a low estimate of 41 and a high estimate of 60. The average target predicts an increase of 24.71% from the current stock price of 43.70.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for FCX stock from 10 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 3 | 3 |
| Buy | 4 | 4 | 4 | 3 | 2 | 2 |
| Hold | 6 | 4 | 4 | 5 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 10 | 10 | 11 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Scotiabank | Scotiabank | Hold Maintains $53 → $52 | Hold | Maintains | $53 → $52 | +18.99% | Oct 23, 2024 |
| Raymond James | Raymond James | Buy Maintains $55 → $57 | Buy | Maintains | $55 → $57 | +30.43% | Oct 23, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $53 → $55 | Hold | Maintains | $53 → $55 | +25.86% | Oct 15, 2024 |
| Scotiabank | Scotiabank | Hold Maintains $52 → $53 | Hold | Maintains | $52 → $53 | +21.28% | Oct 8, 2024 |
| Scotiabank | Scotiabank | Buy → Hold Downgrades $52 | Buy → Hold | Downgrades | $52 | +18.99% | Sep 30, 2024 |
Financial Forecast
Revenue This Year
26.22B
from 22.86B
Increased by 14.71%
Revenue Next Year
27.94B
from 26.22B
Increased by 6.57%
EPS This Year
1.54
from 1.28
Increased by 20.04%
EPS Next Year
2.18
from 1.54
Increased by 41.94%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 28.0B | 32.0B | 37.6B | ||
| Avg | 26.2B | 27.9B | 30.0B | ||
| Low | 24.9B | 25.2B | 25.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 22.4% | 21.9% | 34.6% | ||
| Avg | 14.7% | 6.6% | 7.5% | ||
| Low | 8.8% | -3.9% | -8.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.80 | 3.00 | 4.14 |
| Avg | 1.54 | 2.18 | 2.77 |
| Low | 1.31 | 1.23 | 1.36 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 40.9% | 95.2% | 89.7% |
| Avg | 20.0% | 41.9% | 27.0% |
| Low | 2.7% | -19.6% | -37.5% |
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.