Freeport-McMoRan (FCX) Stock Forecast & Price Target

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$49.62

-0.54 (-1.08%)

(As of 04/19/2024 ET)

Freeport-McMoRan Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 12 Analyst Ratings

Analysts' Consensus Price Target

$47.54
-4.19% Downside

High Forecast	$59.00
Average Forecast	$47.54
Low Forecast	$29.00

Type	Current Forecast 4/20/23 to 4/19/24	1 Month Ago 3/21/23 to 3/20/24	3 Months Ago 1/20/23 to 1/20/24	1 Year Ago 4/20/22 to 4/20/23
Consensus Rating	Moderate Buy	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	5 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)	10 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$47.54	$44.95	$44.38	$39.38
Predicted Upside	-4.19% Downside	17.08% Upside	11.83% Upside	5.98% Upside

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FCX Analyst Ratings 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	S&P 500
Consensus Rating Score	2.50	2.57	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	-4.17% Downside	448.86% Upside	11.91% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/17/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$43.00 ➝ $52.00	+4.75%
4/9/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Outperform ➝ Sector Outperform	$48.00 ➝ $55.00	+8.40%
4/9/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$59.00	+17.93%
1/25/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Sector Perform ➝ Sector Perform	$55.00	+40.66%
1/8/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$41.00 ➝ $48.50	+17.12%
1/4/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$42.00 ➝ $43.00	+3.91%
12/13/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$42.00 ➝ $41.00	+10.10%
12/7/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$41.00 ➝ $40.00	+10.33%
12/6/2023	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Buy	$55.00	+50.27%
10/20/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$47.00 ➝ $45.00	+31.46%
8/22/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	$49.00 ➝ $48.00	+24.06%
6/29/2023	1-800-FLOWERS.COM Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Initiates
6/29/2023	3M Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Initiates
4/21/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underweight	$24.00 ➝ $29.00	-29.88%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 06:39 PM ET.

FCX Price Target - Frequently Asked Questions

What is Freeport-McMoRan's consensus rating and price target?: According to the issued ratings of 12 analysts in the last year, the consensus rating for Freeport-McMoRan stock is Moderate Buy based on the current 1 sell rating, 4 hold ratings and 7 buy ratings for FCX. The average twelve-month price prediction for Freeport-McMoRan is $47.54 with a high price target of $59.00 and a low price target of $29.00. Learn more on FCX's analyst rating history.
Do Wall Street analysts like Freeport-McMoRan more than its competitors?: Analysts like Freeport-McMoRan less than other Basic Materials companies. The consensus rating score for Freeport-McMoRan is 2.50 while the average consensus rating score for basic materials companies is 2.57. Learn more on how FCX compares to other companies.
Is Freeport-McMoRan being upgraded by Wall Street analysts?: Over the previous 90 days, Freeport-McMoRan's stock had 1 upgrade by analysts.

Does Freeport-McMoRan's stock price have much upside?: According to analysts, Freeport-McMoRan's stock has a predicted upside of 14.86% based on their 12-month stock forecasts.
What analysts cover Freeport-McMoRan?: Freeport-McMoRan has been rated by Bank of America, JPMorgan Chase & Co., Royal Bank of Canada, and Scotiabank in the past 90 days.

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This page (NYSE:FCX) was last updated on 4/19/2024 by MarketBeat.com Staff

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Freeport-McMoRan (FCX) Stock Forecast & Price Target

Freeport-McMoRan Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

FCX Analyst Ratings By Month

FCX Price Targets by Month

Freeport-McMoRan Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

FCX Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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