Freeport-McMoRan (FCX) Stock Forecast & Price Target

$71.15 -5.08 (-6.66%)

Closing price 09/10/2026 03:59 PM Eastern

Extended Trading

$71.11 -0.04 (-0.05%)

As of 08:35 AM 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

$69.75
-1.98% Downside

According to the 25 analysts' twelve-month price targets for Freeport-McMoRan, the average price target is $69.75. 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 -1.98% from the current price of $71.15.

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 9/11/25 to 9/11/26	1 Month Ago 8/12/25 to 8/12/26	3 Months Ago 6/13/25 to 6/13/26	1 Year Ago 9/11/24 to 9/11/25
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)	17 Buy rating(s)	7 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	4 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	$69.75	$70.27	$66.86	$51.00
Forecasted Upside	-1.98% Downside	1.50% Upside	-2.08% Downside	11.21% 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	-1.98% Downside	133.95% Upside	17.25% 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
9/10/2026	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 Not Rated		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%
7/24/2026	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	Boost Target	Sector Perform	$70.00 ➝ $73.00	+18.97%
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%
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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 Friday at 08:33 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 Thursday, September 10, 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 quarterly earnings of $0.74 per share, significantly exceeding the consensus estimate of $0.62, demonstrating strong operational performance and profitability that supports the current stock price of $71.15.
The company benefits from a favorable cost structure where much of its mining cost base is fixed, allowing it to capture higher margins as copper prices reach record levels driven by structural supply constraints and rising demand from AI data centers and grid modernization.
Freeport-McMoRan Inc. maintains a relatively modest debt-to-equity ratio of 0.25, providing significant financial flexibility and a strong balance sheet that can withstand market volatility and support future capital expenditures.
Recent institutional activity shows strong confidence, with the California State Teachers Retirement System increasing its holdings by over 6,400% in the second quarter, indicating that large investors are positioning for long-term growth in the copper sector.
The stock has demonstrated substantial momentum, trading near its 52-week high of $80.24 recently, which reflects a broader market recognition of copper as a critical component for renewable energy infrastructure and technological advancement.

Freeport-McMoRan
Bear Case

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

Uncertainty surrounding proposed copper tariffs has triggered sharp reversals in copper-related equities, as policy delays undermine expectations that tariffs would tighten U.S. refined-copper supplies or support domestic prices, creating significant short-term volatility.
The stock exhibits high volatility with a beta of 1.41, meaning it is more sensitive to market movements than the broader market, which can lead to amplified losses during periods of heightened attention or trading swings.
Recent insider activity includes significant share sales by executives and directors, such as the Chief Accounting Officer and a Director selling thousands of shares in August, which may signal a lack of confidence in the current valuation or a desire to diversify holdings.
Elevated interest rates and a stronger dollar make commodities less attractive to investors, as these macroeconomic factors can weigh on copper prices and reduce the appeal of holding commodity-linked stocks like Freeport-McMoRan Inc.
The company's revenue for the most recent quarter was down 7.3% compared to the same period last year, suggesting that despite higher earnings per share, top-line growth may be facing headwinds or normalization after previous periods of high demand.

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 $69.75, with a high forecast of $85.00 and a low forecast of $46.00.

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Freeport-McMoRan in the last twelve months. There are currently 4 hold ratings, 20 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 downside of -1.98% 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, BNP Paribas Exane, Citigroup, Erste Group Bank, Freedom Broker, JPMorgan Chase & Co., Morgan Stanley, Royal Bank Of Canada, Sanford C. Bernstein, Scotiabank, 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 9/10/2026.

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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