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Freeport-McMoRan (FCX) Stock Forecast & Price Target

$45.90
-0.02 (-0.04%)
(As of 07/19/2024 ET)

Freeport-McMoRan - Analysts' Recommendations and Stock Price Forecast (2024)

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.

Consensus Rating

Based on 16 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 16 analysts, 5 have given a hold rating, 10 have given a buy rating, and 1 has given a strong buy rating for FCX.

Consensus Price Target

$52.93
15.32% Upside
High Forecast$62.00
Average Forecast$52.93
Low Forecast$45.00

According to the 16 analysts' twelve-month price targets for Freeport-McMoRan, the average price target is $52.93. The highest price target for FCX is $62.00, while the lowest price target for FCX is $45.00. The average price target represents a forecasted upside of 15.32% from the current price of $45.90.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
10 Buy rating(s)
9 Buy rating(s)
7 Buy rating(s)
3 Buy rating(s)
Hold
5 Hold rating(s)
6 Hold rating(s)
4 Hold rating(s)
8 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$52.93$51.47$47.54$39.04
Forecasted Upside15.32% Upside14.94% Upside14.86% Upside3.20% Upside
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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.
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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.
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Freeport-McMoRan Stock vs. The Competition

TypeFreeport-McMoRanBasic Materials CompaniesS&P 500
Consensus Rating Score
2.75
2.63
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside15.30% Upside386.47% Upside10.02% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/21/2024BNP Paribas
3 of 5 stars
A. Spence
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6/21/2024Morgan Stanley
3 of 5 stars
 UpgradeEqual Weight ➝ Overweight$49.50 ➝ $62.00+25.58%
6/10/2024Deutsche Bank Aktiengesellschaft
2 of 5 stars
 Boost TargetHold ➝ Hold$48.00 ➝ $51.00+2.20%
5/30/2024Scotiabank
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 Boost TargetSector Outperform ➝ Sector Outperform$53.00 ➝ $60.00+14.70%
5/14/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$41.00 ➝ $54.00+1.10%
4/25/2024Argus
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 Boost TargetBuy ➝ Buy$44.00 ➝ $54.00+10.47%
4/24/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$49.50 ➝ $54.00+13.40%
4/24/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$52.00 ➝ $51.00+7.05%
4/23/2024Bernstein Bank
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 Boost TargetOverweight ➝ Overweight$52.00 ➝ $52.50+9.83%
4/23/2024HSBC
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 Boost TargetHold ➝ Hold$39.00 ➝ $45.00-5.86%
4/9/2024Bank of America
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 UpgradeNeutral ➝ Buy$59.00+17.93%
1/25/2024Royal Bank of Canada
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 Reiterated RatingSector Perform ➝ Sector Perform$55.00+40.66%
1/8/2024Sanford C. Bernstein
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 UpgradeMarket Perform ➝ Outperform$41.00 ➝ $48.50+17.12%
12/6/2023Eight Capital
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 Set TargetBuy$55.00+50.27%
10/20/2023BMO Capital Markets
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 Lower TargetOutperform ➝ Outperform$47.00 ➝ $45.00+31.46%
8/22/2023Stifel Nicolaus
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 Lower TargetBuy$49.00 ➝ $48.00+24.06%
6/29/20231-800-FLOWERS.COM
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 Reiterated RatingInitiates
6/29/20233M
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 Reiterated RatingInitiates
4/21/2023Barclays
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 Boost TargetUnderweight$24.00 ➝ $29.00-29.88%
1/26/2023Citigroup
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 Boost TargetNeutral$44.00 ➝ $46.00-1.37%
10/13/2022The Goldman Sachs Group
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 Lower TargetBuy$45.00 ➝ $39.00+35.79%
10/6/2022Exane BNP Paribas
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Jatinder Goel
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DowngradeOutperform ➝ Neutral$29.00-2.91%
7/22/2022Credit Suisse Group
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Curt Woodworth
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Lower Target$34.00+22.48%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:55 PM ET.

FCX Forecast - Frequently Asked Questions

What is Freeport-McMoRan's forecast for 2024?

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Freeport-McMoRan is $52.93, with a high forecast of $62.00 and a low forecast of $45.00.

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

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last twelve months. There are currently 5 hold ratings, 10 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.

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

According to analysts, Freeport-McMoRan's stock has a predicted upside of 15.95% based on their 12-month stock forecasts.

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

Over the previous 90 days, Freeport-McMoRan's stock had 2 upgrades by analysts.

What analysts cover Freeport-McMoRan?

Freeport-McMoRan has been rated by research analysts at Argus, Bernstein Bank, BNP Paribas, Deutsche Bank Aktiengesellschaft, HSBC, JPMorgan Chase & Co., Morgan Stanley, Raymond James, Scotiabank, and UBS Group in the past 90 days.

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

Analysts like Freeport-McMoRan more than other "basic materials" companies. The consensus rating score for Freeport-McMoRan is 2.75 while the average consensus rating score for "basic materials" companies is 2.63. Learn more on how FCX compares to other companies.


This page (NYSE:FCX) was last updated on 7/20/2024 by MarketBeat.com Staff

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