Freeport-McMoRan Inc. (FCX)
NYSE: FCX · IEX Real-Time Price · USD
55.04
+0.81 (1.49%)
May 20, 2024, 1:42 PM EDT - Market open
Freeport-McMoRan Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for Freeport-McMoRan stock have an average target of 49.42, with a low estimate of 40 and a high estimate of 59. The average target predicts a decrease of -10.21% from the current stock price of 55.04.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for FCX stock from 12 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 2 | 2 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 6 | 6 | 6 | 6 | 6 | 7 |
| Sell | 1 | 1 | 1 | 1 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 10 | 10 | 11 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Hold Maintains $41 → $54 | Hold | Maintains | $41 → $54 | -1.89% | May 14, 2024 |
| Argus Research | Argus Research | Strong Buy Maintains $44 → $54 | Strong Buy | Maintains | $44 → $54 | -1.89% | Apr 25, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $55 → $53 | Buy | Maintains | $55 → $53 | -3.71% | Apr 24, 2024 |
| Raymond James | Raymond James | Buy Maintains $50 → $54 | Buy | Maintains | $50 → $54 | -1.89% | Apr 24, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $52 → $51 | Hold | Maintains | $52 → $51 | -7.34% | Apr 24, 2024 |
Financial Forecast
Revenue This Year
24.04B
from 22.86B
Increased by 5.19%
Revenue Next Year
25.60B
from 24.04B
Increased by 6.46%
EPS This Year
1.61
from 1.28
Increased by 25.92%
EPS Next Year
2.18
from 1.61
Increased by 35.35%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 27.4B | 34.0B | 31.3B | 32.4B | 33.5B |
| Avg | 24.0B | 25.6B | 25.7B | 31.0B | 31.7B |
| Low | 20.9B | 21.1B | 21.6B | 30.0B | 30.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.1% | 41.6% | 22.4% | 26.1% | 7.8% |
| Avg | 5.2% | 6.5% | 0.4% | 20.8% | 2.3% |
| Low | -8.6% | -12.1% | -15.6% | 16.8% | -2.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.10 | 3.33 | 3.81 | 2.10 | 2.31 |
| Avg | 1.61 | 2.18 | 2.49 | 2.02 | 2.22 |
| Low | 1.23 | 1.32 | 1.76 | 1.96 | 2.16 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 64.1% | 106.8% | 74.7% | -15.7% | 14.4% |
| Avg | 25.9% | 35.3% | 14.2% | -18.9% | 10.0% |
| Low | -4.3% | -17.9% | -19.1% | -21.3% | 6.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.