Freeport-McMoRan Inc has a consensus price target of $46.55 based on the ratings of 23 analysts. The high is $60 issued by RBC Capital on July 24, 2024. The low is $29 issued by Barclays on April 21, 2023. The 3 most-recent analyst ratings were released by Bernstein, Scotiabank, and Jefferies on January 7, 2025, January 6, 2025, and January 6, 2025, respectively. With an average price target of $47.33 between Bernstein, Scotiabank, and Jefferies, there's an implied 18.99% upside for Freeport-McMoRan Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Freeport-McMoRan (NYSE:FCX) was reported by Bernstein on January 7, 2025. The analyst firm set a price target for $46.00 expecting FCX to rise to within 12 months (a possible 15.64% upside). 26 analyst firms have reported ratings in the last year.
The latest analyst rating for Freeport-McMoRan (NYSE:FCX) was provided by Bernstein, and Freeport-McMoRan downgraded their market perform rating.
The last upgrade for Freeport-McMoRan Inc happened on September 4, 2024 when UBS raised their price target to $55. UBS previously had a neutral for Freeport-McMoRan Inc.
The last downgrade for Freeport-McMoRan Inc happened on January 7, 2025 when Bernstein changed their price target from $51 to $46 for Freeport-McMoRan Inc.
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 January 7, 2025 so you should expect the next rating to be made available sometime around January 7, 2026.
While ratings are subjective and will change, the latest Freeport-McMoRan (FCX) rating was a downgraded with a price target of $51.00 to $46.00. The current price Freeport-McMoRan (FCX) is trading at is $39.78, which is out of the analyst’s predicted range.
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