Freeport-McMoRan (FCX) Stock Forecast & Price Target

$71.52 +0.67 (+0.95%)

Closing price 09/18/2026 03:59 PM Eastern

Extended Trading

$71.00 -0.52 (-0.73%)

As of 09/18/2026 07:59 PM Eastern

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Freeport-McMoRan - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 25 Analyst Ratings

Sell
0

Hold
4

Buy
21

Based on 25 Wall Street analysts who have issued ratings for Freeport-McMoRan in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 25 analysts, 4 have given a hold rating, 20 have given a buy rating, and 1 has given a strong buy rating for FCX.

Consensus Price Target

$70.29
-1.72% Downside

According to the 25 analysts' twelve-month price targets for Freeport-McMoRan, the average price target is $70.29. The highest price target for FCX is $85.00, while the lowest price target for FCX is $46.00. The average price target represents a forecasted downside of -1.72% from the current price of $71.52.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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FCX Analyst Ratings Over Time

Type	Current Forecast 9/19/25 to 9/19/26	1 Month Ago 8/20/25 to 8/20/26	3 Months Ago 6/21/25 to 6/21/26	1 Year Ago 9/19/24 to 9/19/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)
Buy	20 Buy rating(s)	19 Buy rating(s)	18 Buy rating(s)	8 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$70.29	$70.27	$67.81	$51.33
Forecasted Upside	-1.72% Downside	-1.28% Downside	-1.43% Downside	14.18% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

FCX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

FCX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Freeport-McMoRan Stock vs. The Competition

Type	Freeport-McMoRan	Materials Companies	Broader Market
Consensus Rating Score	2.88	2.57	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-1.72% Downside	137.01% Upside	18.43% Upside
News Sentiment Rating	Positive News See Recent FCX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/16/2026	Royal Bank Of Canada 3 of 5 stars	Sam Crittenden 5 of 5 stars	Boost Target	Sector Perform	$73.00 ➝ $85.00	+21.81%
9/10/2026	The Goldman Sachs Group 3 of 5 stars	Nick Cash Not Rated	Reiterated Rating	Buy
9/9/2026	Sanford C. Bernstein 3 of 5 stars	Bob Brackett Not Rated	Lower Target	Market Perform	$50.00 ➝ $47.00	-38.65%
9/3/2026	Freedom Broker Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
8/27/2026	Erste Group Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Buy
7/31/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold (C+) ➝ Buy (B-)
7/27/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Richard Garchitorena Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$80.00 ➝ $82.00	+31.12%
7/24/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Timna Tanners Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$68.00 ➝ $70.00	+10.57%
7/23/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform	$78.00	+24.61%
7/21/2026	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$76.00 ➝ $80.00	+28.01%
Get the Latest News and Ratings for FCX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Freeport-McMoRan and its competitors with MarketBeat's FREE daily newsletter.
7/15/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Alexander Hacking Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Positive
7/9/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Lawson Winder Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$74.00 ➝ $80.00	+39.26%
7/9/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Bill Peterson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$73.00 ➝ $77.00	+34.04%
7/8/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Carlos De Alba Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$66.00 ➝ $70.00	+18.10%
6/30/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Daniel Major Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$75.00 ➝ $77.00	+23.43%
6/18/2026	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	$71.00 ➝ $82.00	+17.89%
6/15/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Orest Wowkodaw Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Sector Outperform	$67.00 ➝ $77.00	+7.49%
6/12/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		$72.00 ➝ $75.00	+10.08%
6/8/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$75.00 ➝ $85.00	+31.72%
5/15/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
4/28/2026	CICC Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Outperform	$64.40 ➝ $63.40	+7.42%
4/24/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Outperform	$72.00 ➝ $68.00	+11.60%
2/21/2026	Freedom Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
2/13/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Alexandra Yates Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Buy
11/19/2025	Clarkson Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$46.00	+10.63%
10/2/2025	Dbs Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target		$51.00 ➝ $48.00	+23.63%
9/29/2025	Johnson Rice Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target		$55.00 ➝ $48.00	+28.35%
4/16/2025	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Timna Tanners Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$39.00	+16.97%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:07 AM ET.

Should I Buy Freeport-McMoRan Stock? FCX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, September 14, 2026. Please send any questions or comments about these Freeport-McMoRan pros and cons to contact@marketbeat.com.

Freeport-McMoRan
Bull Case

Here are some ways that investors could benefit from investing in Freeport-McMoRan Inc.:

Freeport-McMoRan Inc. recently reported strong financial performance in its latest quarterly earnings, beating analyst expectations with an earnings per share of $0.74 compared to the consensus estimate of $0.62, while also generating revenue of $7.03 billion against an estimate of $6.62 billion, demonstrating the company's ability to outperform market forecasts.
The stock is currently trading at $69.32, which is below the average analyst price target of $70.27, suggesting potential upside for investors as the consensus rating remains a Moderate Buy with a recent target increase by Scotiabank to $77.00.
Management is prioritizing the ramp-up of its Grasberg operations in Indonesia and is exploring emerging leaching technology initiatives that could materially expand copper recovery from previously mined material, offering a pathway for increased production efficiency and output.
Freeport-McMoRan Inc. maintains a strong balance sheet with a debt-to-equity ratio of 0.25 and a current ratio of 2.07, indicating financial stability and the capacity to manage operations effectively while continuing to pay a quarterly dividend with a low payout ratio of 14.78%.
Institutional investors have shown confidence in the company, with several funds increasing their positions in the second quarter, such as Baird Financial Group Inc. growing its stake by 79.6% and The Manufacturers Life Insurance Company boosting its holdings by 4.6%, reflecting broader market interest in the stock.

Freeport-McMoRan
Bear Case

Investors should be bearish about investing in Freeport-McMoRan Inc. for these reasons:

Recent uncertainty regarding White House copper tariffs has caused the stock to drop, as reports suggest the administration has not yet decided on the policy, raising concerns that the plan could be dropped due to worries about higher manufacturing costs, which negatively impacts the company's U.S. business segment.
Corporate insiders have been selling shares, with executives such as EVP Douglas N. Currault II and CAO Ellie L. Mikes selling significant portions of their holdings in August 2026, which may signal a lack of confidence in the stock's near-term performance or a desire to take profits.
The company's revenue for the most recent quarter was down 7.3% on a year-over-year basis, indicating a decline in top-line growth that could pressure future earnings if not offset by cost reductions or price increases in copper and other metals.
Freeport-McMoRan Inc. faces higher costs and weaker volumes that cloud its near-term outlook, as noted by analysts who point out that while earnings have been strong, these operational challenges could limit the company's ability to sustain its recent momentum.
The stock has experienced significant volatility, with a beta of 1.41 indicating higher sensitivity to market movements, and recent price declines of over 6% in single sessions suggest that investors may face substantial short-term risk and price fluctuations.

FCX Forecast - Frequently Asked Questions

According to the research reports of 25 Wall Street equities research analysts, the average twelve-month stock price forecast for Freeport-McMoRan is $70.29, with a high forecast of $85.00 and a low forecast of $46.00.

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 4 hold ratings, 20 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FCX shares.

According to analysts, Freeport-McMoRan's stock has a predicted downside of -1.72% based on their 12-month stock forecasts.

Over the previous 90 days, Freeport-McMoRan's stock had 2 downgrades and 1 upgrade by analysts.

Freeport-McMoRan has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Citigroup, Erste Group Bank, Freedom Broker, JPMorgan Chase & Co., Morgan Stanley, Royal Bank Of Canada, Sanford C. Bernstein, Stifel Nicolaus, The Goldman Sachs Group, UBS Group, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like Freeport-McMoRan more than other "materials" companies. The consensus rating score for Freeport-McMoRan is 2.88 while the average consensus rating score for "materials" companies is 2.57. Learn more on how FCX compares to other companies.

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MarketBeat monitors more than a dozen sources for Freeport-McMoRan analyst ratings, with the most recent rating issued on 9/16/2026.

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Freeport-McMoRan (FCX) Stock Forecast & Price Target

Freeport-McMoRan - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

FCX Analyst Ratings Over Time

FCX Analyst Recommendations By Month

FCX Price Targets by Month

Freeport-McMoRan Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Freeport-McMoRan Stock? FCX Pros and Cons Explained

Freeport-McMoRan
Bull Case

Freeport-McMoRan
Bear Case

FCX Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

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Brokerages With Freeport-McMoRan Recommendations

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Freeport-McMoRan (FCX) Stock Forecast & Price Target

Freeport-McMoRan - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

FCX Analyst Ratings Over Time

FCX Analyst Recommendations By Month

FCX Price Targets by Month

Freeport-McMoRan Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Freeport-McMoRan Stock? FCX Pros and Cons Explained

Freeport-McMoRan Bull Case

Freeport-McMoRan Bear Case

FCX Forecast - Frequently Asked Questions

What is Freeport-McMoRan's forecast for 2026?

Should I buy or sell Freeport-McMoRan stock right now?

Does Freeport-McMoRan's stock price have much downside?

Has Freeport-McMoRan been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Freeport-McMoRan?

Do Wall Street analysts like Freeport-McMoRan more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Freeport-McMoRan Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Freeport-McMoRan
Bull Case

Freeport-McMoRan
Bear Case