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Freeport-McMoRan

FCXNYSE
$47.40
-1.1-2.28%
Last update: 9:54 AM
15 minutes delayed
The dividend Ex-Date was 3 days ago
Q2 2024 Earnings in 5 days from now on Tue Jul 23rd, before the market open
Conference call scheduled in 5 days at 10:00 AM Click to view the webcast
Consensus Rating1
Neutral
Highest Price Target1
$65.00
Lowest Price Target1
$29.00
Consensus Price Target1
$46.73

want to know what
the Bulls & Bears Say?

Freeport-McMoRan (NYSE:FCX) Stock, Analyst Ratings, Price Targets, Forecasts

Freeport-McMoRan Inc has a consensus price target of $46.73 based on the ratings of 23 analysts. The high is $65 issued by Jefferies on March 24, 2022. The low is $29 issued by Barclays on April 21, 2023. The 3 most-recent analyst ratings were released by Morgan Stanley, Scotiabank, and UBS on June 21, 2024, May 30, 2024, and May 14, 2024, respectively. With an average price target of $58.67 between Morgan Stanley, Scotiabank, and UBS, there's an implied 22.71% upside for Freeport-McMoRan Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
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Apr
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Jun
Buy
Hold
Sell
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Analyst Rating and Forecast
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3.1
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Morgan Stanley
Scotiabank
UBS
Argus Research
Raymond James

1calculated from analyst ratings

Analyst Ratings for Freeport-McMoRan

Buy NowGet Alert
06/21/2024Buy Now29.68%Morgan Stanley
Carlos De Alba
$49.5 → $62UpgradeEqual-Weight → OverweightGet Alert
05/30/2024Buy Now25.5%Scotiabank
Orest Wowkodaw
$53 → $60MaintainsSector OutperformGet Alert
05/14/2024Buy Now12.95%UBS
Curt Woodworth
$41 → $54MaintainsNeutralGet Alert
04/25/2024Buy Now12.95%Argus Research
David Coleman
$44 → $54MaintainsBuyGet Alert
04/24/2024Buy Now10.86%Scotiabank
Orest Wowkodaw
$55 → $53MaintainsSector OutperformGet Alert
04/24/2024Buy Now12.95%Raymond James
Brian MacArthur
$49.5 → $54MaintainsOutperformGet Alert
04/24/2024Buy Now6.67%JP Morgan
Bill Peterson
$52 → $51MaintainsNeutralGet Alert
04/17/2024Buy Now8.76%JP Morgan
Bill Peterson
$43 → $52MaintainsNeutralGet Alert
04/09/2024Buy Now15.04%Scotiabank
Orest Wowkodaw
$48 → $55MaintainsSector OutperformGet Alert
04/09/2024Buy Now23.41%B of A Securities
Lawson Winder
→ $59UpgradeNeutral → BuyGet Alert
01/25/2024Buy Now15.04%RBC Capital
Sam Crittenden
→ $55ReiteratesSector Perform → Sector PerformGet Alert
01/04/2024Buy Now-10.06%Raymond James
Brian MacArthur
$42 → $43MaintainsOutperformGet Alert
12/13/2023Buy Now-14.24%UBS
Andreas Bokkenheuser
$42 → $41MaintainsNeutralGet Alert
12/07/2023Buy Now-16.34%Morgan Stanley
Carlos De Alba
$41 → $40MaintainsEqual-WeightGet Alert
10/20/2023Buy Now-1.69%Scotiabank
Orest Wowkodaw
$48 → $47MaintainsSector OutperformGet Alert
10/20/2023Buy Now-5.88%BMO Capital
David Gagliano
$47 → $45MaintainsOutperformGet Alert
10/20/2023Buy Now-14.24%Morgan Stanley
Carlos De Alba
$44 → $41MaintainsEqual-WeightGet Alert
10/17/2023Buy Now-12.15%JP Morgan
Bill Peterson
→ $42Initiates → NeutralGet Alert
09/21/2023Buy Now-7.97%Morgan Stanley
Carlos De Alba
$38.5 → $44MaintainsEqual-WeightGet Alert
07/21/2023Buy Now-19.47%Morgan Stanley
Carlos De Alba
$38.5 → $38.5ReiteratesEqual-Weight → Equal-WeightGet Alert
07/06/2023Buy Now-3.79%Citigroup
Alexander Hacking
→ $46ReiteratesNeutral → NeutralGet Alert
06/29/2023Buy Now-14.24%Bernstein
Bob Brackett
→ $41Initiates → Market PerformGet Alert
06/22/2023Buy Now-19.47%Morgan Stanley
Carlos De Alba
$35 → $38.5MaintainsEqual-WeightGet Alert
04/24/2023Buy Now4.58%RBC Capital
Sam Crittenden
→ $50Reiterates → Sector PerformGet Alert
04/24/2023Buy Now-26.79%Morgan Stanley
Carlos De Alba
$37 → $35MaintainsEqual-WeightGet Alert
04/21/2023Buy Now-39.34%Barclays
Matthew Murphy
$24 → $29MaintainsUnderweightGet Alert
03/14/2023Buy Now4.58%Scotiabank
Orest Wowkodaw
$41 → $50UpgradeSector Perform → Sector OutperformGet Alert
02/27/2023Buy Now-14.24%UBS
Andreas Bokkenheuser
$32 → $41MaintainsNeutralGet Alert
01/31/2023Buy Now0.4%Raymond James
Brian MacArthur
$40 → $48MaintainsOutperformGet Alert
01/26/2023Buy Now-3.79%Citigroup
Alexander Hacking
$44 → $46MaintainsNeutralGet Alert
01/26/2023Buy Now-1.69%RBC Capital
Sam Crittenden
$40 → $47MaintainsSector PerformGet Alert
11/11/2022Buy Now-28.89%Scotiabank
Orest Wowkodaw
→ $34DowngradeSector Outperform → Sector PerformGet Alert
10/21/2022Buy Now-28.89%RBC Capital
Sam Crittenden
$35 → $34MaintainsSector PerformGet Alert
10/13/2022Buy Now-18.43%Goldman Sachs
Emily Chieng
$45 → $39MaintainsBuyGet Alert
10/06/2022Buy Now-39.34%Exane BNP Paribas
Jatinder Goel
→ $29DowngradeOutperform → NeutralGet Alert
10/05/2022Buy Now-37.25%Deutsche Bank
Abhi Agarwal
$35 → $30MaintainsHoldGet Alert
07/22/2022Buy Now-26.79%RBC Capital
Sam Crittenden
$46 → $35MaintainsSector PerformGet Alert
07/22/2022Buy Now-26.79%Deutsche Bank
Abhi Agarwal
$37 → $35MaintainsHoldGet Alert
07/19/2022Buy Now-49.8%Barclays
Matthew Murphy
$29 → $24MaintainsUnderweightGet Alert
07/14/2022Buy Now-3.79%Goldman Sachs$54 → $46MaintainsBuyGet Alert
07/13/2022Buy Now-41.43%Citigroup
Alexander Hacking
$48 → $28DowngradeBuy → NeutralGet Alert
07/07/2022Buy NowWolfe Research
Timna Tanners
DowngradeOutperform → Peer PerformGet Alert
07/07/2022Buy Now-22.61%Deutsche Bank
Abhi Agarwal
$38 → $37MaintainsHoldGet Alert
06/29/2022Buy Now-20.52%Deutsche Bank
Liam Fitzpatrick
$47 → $38MaintainsHoldGet Alert
06/23/2022Buy Now-37.25%Morgan Stanley
Carlos De Alba
$39 → $30MaintainsEqual-WeightGet Alert
06/09/2022Buy Now-20.52%Credit Suisse
Curt Woodworth
$32 → $38UpgradeUnderperform → NeutralGet Alert
04/25/2022Buy Now-18.43%Morgan Stanley
Carlos De Alba
$43 → $39MaintainsEqual-WeightGet Alert
04/22/2022Buy Now17.13%BMO Capital
David Gagliano
$62 → $56MaintainsOutperformGet Alert
04/22/2022Buy Now-1.69%Deutsche Bank
Abhi Agarwal
$50 → $47MaintainsHoldGet Alert
04/22/2022Buy Now-1.69%RBC Capital
Sam Crittenden
$46 → $47MaintainsSector PerformGet Alert
04/05/2022Buy Now4.58%Deutsche Bank
Abhi Agarwal
$42 → $50MaintainsHoldGet Alert
03/24/2022Buy Now35.95%Jefferies
Chris LaFemina
$58 → $65MaintainsBuyGet Alert
03/24/2022Buy Now-10.06%Morgan Stanley
Carlos De Alba
$34 → $43MaintainsEqual-WeightGet Alert
03/10/2022Buy Now-12.15%Deutsche Bank
Liam Fitzpatrick
$40 → $42MaintainsHoldGet Alert
03/09/2022Buy Now21.31%Jefferies
Chris LaFemina
$55 → $58MaintainsBuyGet Alert
01/27/2022Buy Now-16.34%Deutsche Bank
Abhi Agarwal
$44 → $40MaintainsHoldGet Alert
01/18/2022Buy Now2.49%Raymond James
Craig Stanley
$45 → $49MaintainsOutperformGet Alert
12/09/2021Buy Now-28.89%Morgan Stanley
Carlos De Alba
MaintainsEqual-WeightGet Alert
11/17/2021Buy Now-1.69%Wolfe Research
Timna Tanners
Initiates → OutperformGet Alert
10/22/2021Buy Now-10.06%Deutsche BankDowngradeBuy → HoldGet Alert
09/29/2021Buy Now-33.07%Morgan Stanley
Carlos De Alba
MaintainsEqual-WeightGet Alert
07/23/2021Buy Now-23.66%Morgan Stanley
Carlos De Alba
MaintainsEqual-WeightGet Alert
07/23/2021Buy Now-12.15%RBC Capital
Sam Crittenden
MaintainsSector PerformGet Alert

FAQ

Q

What is the target price for Freeport-McMoRan (FCX) stock?

A

The latest price target for Freeport-McMoRan (NYSE:FCX) was reported by Morgan Stanley on June 21, 2024. The analyst firm set a price target for $62.00 expecting FCX to rise to within 12 months (a possible 30.82% upside). 20 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Freeport-McMoRan (FCX)?

A

The latest analyst rating for Freeport-McMoRan (NYSE:FCX) was provided by Morgan Stanley, and Freeport-McMoRan upgraded their overweight rating.

Q

When was the last upgrade for Freeport-McMoRan (FCX)?

A

The last upgrade for Freeport-McMoRan Inc happened on June 21, 2024 when Morgan Stanley raised their price target to $62. Morgan Stanley previously had an equal-weight for Freeport-McMoRan Inc.

Q

When was the last downgrade for Freeport-McMoRan (FCX)?

A

The last downgrade for Freeport-McMoRan Inc happened on November 11, 2022 when Scotiabank changed their price target from N/A to $34 for Freeport-McMoRan Inc.

Q

When is the next analyst rating going to be posted or updated for Freeport-McMoRan (FCX)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Freeport-McMoRan, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Freeport-McMoRan was filed on June 21, 2024 so you should expect the next rating to be made available sometime around June 21, 2025.

Q

Is the Analyst Rating Freeport-McMoRan (FCX) correct?

A

While ratings are subjective and will change, the latest Freeport-McMoRan (FCX) rating was a upgraded with a price target of $49.50 to $62.00. The current price Freeport-McMoRan (FCX) is trading at is $47.40, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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