Freeport-McMoRan Inc. (FCX)
NYSE: FCX · IEX Real-Time Price · USD
48.71
+0.30 (0.62%)
At close: Jul 2, 2024, 4:03 PM
48.62
-0.09 (-0.18%)
After-hours: Jul 2, 2024, 7:38 PM EDT
Freeport-McMoRan Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for Freeport-McMoRan stock have an average target of 51.83, with a low estimate of 41 and a high estimate of 62. The average target predicts an increase of 6.41% from the current stock price of 48.71.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for FCX 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 2 | 2 | 2 |
| Buy | 3 | 3 | 3 | 3 | 3 | 4 |
| Hold | 6 | 6 | 6 | 6 | 7 | 6 |
| Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 10 | 11 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold → Buy Upgrades $50 → $62 | Hold → Buy | Upgrades | $50 → $62 | +27.28% | Jun 21, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $53 → $60 | Buy | Maintains | $53 → $60 | +23.18% | May 30, 2024 |
| UBS | UBS | Hold Maintains $41 → $54 | Hold | Maintains | $41 → $54 | +10.86% | May 14, 2024 |
| Argus Research | Argus Research | Strong Buy Maintains $44 → $54 | Strong Buy | Maintains | $44 → $54 | +10.86% | Apr 25, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $55 → $53 | Buy | Maintains | $55 → $53 | +8.81% | Apr 24, 2024 |
Financial Forecast
Revenue This Year
25.71B
from 22.86B
Increased by 12.48%
Revenue Next Year
26.83B
from 25.71B
Increased by 4.38%
EPS This Year
1.67
from 1.28
Increased by 30.77%
EPS Next Year
2.28
from 1.67
Increased by 36.37%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 29.1B | 31.7B | 31.3B | 32.4B | 33.5B |
| Avg | 25.7B | 26.8B | 26.4B | 31.2B | 32.2B |
| Low | 23.5B | 22.8B | 23.0B | 30.2B | 31.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 27.3% | 23.4% | 16.6% | 22.5% | 7.5% |
| Avg | 12.5% | 4.4% | -1.5% | 17.9% | 3.4% |
| Low | 3.0% | -11.2% | -14.3% | 14.4% | 0.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.18 | 3.37 | 3.86 |
| Avg | 1.67 | 2.28 | 2.77 |
| Low | 1.04 | 1.23 | 1.64 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 70.6% | 101.4% | 69.3% |
| Avg | 30.8% | 36.4% | 21.5% |
| Low | -18.8% | -26.8% | -28.3% |
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.