Freeport-McMoRan (FCX) Stock Forecast & Price Target

$58.64 -1.86 (-3.07%)

Closing price 05/19/2026 03:59 PM Eastern

Extended Trading

$59.51 +0.87 (+1.48%)

As of 06:42 AM Eastern

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

Consensus Rating

Moderate Buy

Based on 22 Analyst Ratings

Sell
0

Hold
5

Buy
17

Based on 22 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 22 analysts, 5 have given a hold rating, 16 have given a buy rating, and 1 has given a strong buy rating for FCX.

Consensus Price Target

$65.14
11.08% Upside

According to the 22 analysts' twelve-month price targets for Freeport-McMoRan, the average price target is $65.14. The highest price target for FCX is $81.00, while the lowest price target for FCX is $46.00. The average price target represents a forecasted upside of 11.08% from the current price of $58.64.

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 5/20/25 to 5/20/26	1 Month Ago 4/20/25 to 4/20/26	3 Months Ago 2/19/25 to 2/19/26	1 Year Ago 5/20/24 to 5/20/25
Strong Buy	1 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	3 Strong Buy rating(s)
Buy	16 Buy rating(s)	16 Buy rating(s)	18 Buy rating(s)	8 Buy rating(s)
Hold	5 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$65.14	$66.26	$60.73	$48.36
Forecasted Upside	11.08% Upside	-5.53% Downside	-2.84% Downside	26.05% 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	Basic Materials Companies	Broader Market
Consensus Rating Score	2.82	2.57	2.52
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	11.08% Upside	183.41% Upside	17.78% Upside
News Sentiment Rating	Positive News See Recent FCX News	Neutral 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
5/15/2026	Deutsche Bank Aktiengesellschaft 2 of 5 stars		Reiterated Rating	Buy
5/11/2026	Weiss Ratings Not Rated		Upgrade	Hold (C) ➝ Hold (C+)
5/1/2026	Citigroup 4 of 5 stars	Alexander Hacking Not Rated	Lower Target	Buy	$67.00 ➝ $66.00	+16.53%
4/28/2026	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Outperform	$75.00 ➝ $71.00	+20.30%
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%
4/27/2026	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	Lower Target	Overweight	$76.00 ➝ $73.00	+19.25%
4/24/2026	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	Reiterated Rating	Overweight ➝ Equal Weight	$70.00 ➝ $66.00	+7.36%
4/24/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Nick Cash Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$70.00 ➝ $68.00	+11.27%
4/24/2026	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	Lower Target	Overweight	$77.00 ➝ $68.00	+11.60%
4/24/2026	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	Lower Target	Sector Perform	$71.00 ➝ $67.00	+9.96%
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.
4/24/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Market Perform	$54.00 ➝ $53.50	-12.20%
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%
4/23/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$75.00	+22.00%
4/23/2026	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	$66.00 ➝ $74.00	+21.44%
4/14/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$69.00 ➝ $72.00	+5.03%
2/26/2026	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	$68.00 ➝ $81.00	+18.30%
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
2/11/2026	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$52.00 ➝ $76.00	+16.88%
1/14/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Katja Jancic Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$55.00 ➝ $68.00	+13.48%
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%
10/1/2025	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sam Crittenden Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Sector Perform	$54.00 ➝ $48.00	+22.32%
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 Wednesday at 06:44 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, May 18, 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.:

The company reported a quarterly revenue of $6.23 billion, exceeding expectations, which indicates strong operational performance and potential for future growth.
Freeport-McMoRan Inc. has a solid return on equity of 9.88%, suggesting effective management and profitability relative to shareholder equity.
The current stock price is around $63, reflecting a significant increase from its 1-year low, indicating positive market sentiment and potential for further appreciation.
Analysts forecast an earnings per share (EPS) of 2.56 for the current fiscal year, suggesting strong earnings potential that could attract investors.
The company has a manageable debt-to-equity ratio of 0.28, indicating a lower level of debt relative to equity, which can be a sign of financial stability.

Freeport-McMoRan
Bear Case

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

Recent disruptions at the Grasberg mine have led to a reduced copper sales outlook for 2026, which may negatively impact production expectations and investor confidence.
Despite positive sentiment, some analysts have made modest price-target cuts, indicating potential concerns about short-term performance.
The company has a relatively low dividend yield of 0.5%, which may not be attractive for income-focused investors.
Market volatility, as indicated by a beta of 1.32, suggests that the stock may experience larger price fluctuations compared to the overall market, which could pose risks for investors.
There are ongoing industry headwinds that could affect the mining sector, which may impact Freeport-McMoRan Inc.'s growth prospects in the near term.

FCX Forecast - Frequently Asked Questions

According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for Freeport-McMoRan is $65.14, with a high forecast of $81.00 and a low forecast of $46.00.

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last year. There are currently 5 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" FCX shares.

According to analysts, Freeport-McMoRan's stock has a predicted upside of 11.08% based on their 12-month stock forecasts.

Over the previous 90 days, Freeport-McMoRan's stock had 3 upgrades by analysts.

Freeport-McMoRan has been rated by research analysts at Bank of America, BNP Paribas Exane, CICC Research, Citigroup, Deutsche Bank Aktiengesellschaft, Freedom Capital, HSBC, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Raymond James Financial, Sanford C. Bernstein, Scotiabank, The Goldman Sachs Group, UBS Group, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like Freeport-McMoRan more than other "basic materials" companies. The consensus rating score for Freeport-McMoRan is 2.82 while the average consensus rating score for "basic materials" companies is 2.57. Learn more on how FCX compares to other companies.

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This page (NYSE:FCX) was last updated on 5/20/2026 by MarketBeat.com Staff.

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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 upside?

Has Freeport-McMoRan been upgraded 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

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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