Freeport-McMoRan Inc. (FCX)
NYSE: FCX · IEX Real-Time Price · USD
46.29
+0.41 (0.89%)
Mar 28, 2024, 10:07 AM EDT - Market open

Freeport-McMoRan Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for Freeport-McMoRan stock have an average target of 42.9, with a low estimate of 29 and a high estimate of 55. The average target predicts a decrease of -7.32% from the current stock price of 46.29.

Analyst Consensus: Hold
Target Low Average Median High
Price $29 $42.9 $43 $55
Change -37.35% -7.32% -7.11% +18.82%
* Price targets were last updated on Jan 25, 2024.

Analyst Ratings

The average analyst rating for FCX stock from 10 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 000000
Buy 333333
Hold 666666
Sell 111111
Strong Sell 000000
Total 101010101010

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
RBC Capital
RBC Capital
Hold
Reiterates
$55
Hold Reiterates $55 +18.82% Jan 25, 2024
Raymond James
Raymond James
Buy
Maintains
$42$43
Buy Maintains $42$43 -7.11% Jan 4, 2024
UBS
UBS
Hold
Maintains
$42$41
Hold Maintains $42$41 -11.43% Dec 13, 2023
Morgan Stanley
Morgan Stanley
Hold
Maintains
$41$40
Hold Maintains $41$40 -13.59% Dec 7, 2023
Scotiabank
Scotiabank
Buy
Maintains
$48$47
Buy Maintains $48$47 +1.53% Oct 20, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
23.85B
from 22.86B
Increased by 4.37%
Revenue Next Year
25.39B
from 23.85B
Increased by 6.46%
EPS This Year
1.62
from 1.28
Increased by 26.18%
EPS Next Year
2.16
from 1.62
Increased by 34.00%
Year 201920202021202220232024202520262027
Revenue
14.40B14.20B22.85B22.78B22.86B23.85B25.39B25.56B30.36B
Revenue Growth
-22.69%-1.42%60.90%-0.28%0.33%4.37%6.46%0.66%18.78%
EPS
-0.170.412.902.391.281.622.162.592.59
EPS Growth
--607.32%-17.59%-46.44%26.18%34.00%19.80%-0.27%
No. Analysts -----2119113
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
High 26.6B 34.0B 31.3B 31.6B
Avg 23.9B 25.4B 25.6B 30.4B
Low 20.9B 21.1B 21.6B 29.5B

Revenue Growth

Revenue Growth 2024202520262027
High
16.3%
42.7%
23.4%
23.5%
Avg
4.4%
6.5%
0.7%
18.8%
Low
-8.6%
-11.4%
-14.9%
15.3%

EPS Forecast

EPS 2024202520262027
High 2.20 3.53 4.52 3.53
Avg 1.62 2.16 2.59 2.59
Low 1.13 1.24 1.79 1.72

EPS Growth

EPS Growth 2024202520262027
High
71.7%
118.4%
108.6%
36.1%
Avg
26.2%
34.0%
19.8%
-0.3%
Low
-12.0%
-23.0%
-17.1%
-33.5%
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.