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
* 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 '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
Buy | 3 | 3 | 3 | 3 | 3 | 3 |
Hold | 6 | 6 | 6 | 6 | 6 | 6 |
Sell | 1 | 1 | 1 | 1 | 1 | 1 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 10 | 10 | 10 | 10 | 10 | 10 |
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 |
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%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|
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.