Freeport-McMoRan Inc has a consensus price target of $42.95, established from looking at the 61 latest analyst ratings. The last 3 analyst ratings were released from Argus Research, Scotiabank, and Raymond James on April 25, 2024, April 24, 2024, and April 24, 2024. With an average price target of $53.67 between Argus Research, Scotiabank, and Raymond James, there's an implied 8.48% upside for Freeport-McMoRan Inc from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
04/25/2024 | FCX | Buy Now | Freeport-McMoRan | $49.47 | 9.16% | Argus Research | David Coleman | $44 → $54 | Maintains | Buy | Get Alert |
04/24/2024 | FCX | Buy Now | Freeport-McMoRan | $49.47 | 7.14% | Scotiabank | Orest Wowkodaw | $55 → $53 | Maintains | Sector Outperform | Get Alert |
04/24/2024 | FCX | Buy Now | Freeport-McMoRan | $49.47 | 9.16% | Raymond James | Brian MacArthur | $49.5 → $54 | Maintains | Outperform | Get Alert |
04/24/2024 | FCX | Buy Now | Freeport-McMoRan | $49.47 | 3.09% | JP Morgan | Bill Peterson | $52 → $51 | Maintains | Neutral | Get Alert |
04/17/2024 | FCX | Buy Now | Freeport-McMoRan | $49.47 | 5.11% | JP Morgan | Bill Peterson | $43 → $52 | Maintains | Neutral | Get Alert |
04/09/2024 | FCX | Buy Now | Freeport-McMoRan | $49.47 | 11.18% | Scotiabank | Orest Wowkodaw | $48 → $55 | Maintains | Sector Outperform | Get Alert |
04/09/2024 | FCX | Buy Now | Freeport-McMoRan | $49.47 | 19.26% | B of A Securities | Lawson Winder | → $59 | Upgrade | Neutral → Buy | Get Alert |
01/25/2024 | FCX | Buy Now | Freeport-McMoRan | $49.47 | 11.18% | RBC Capital | Sam Crittenden | → $55 | Reiterates | Sector Perform → Sector Perform | Get Alert |
01/04/2024 | FCX | Buy Now | Freeport-McMoRan | $49.47 | -13.08% | Raymond James | Brian MacArthur | $42 → $43 | Maintains | Outperform | Get Alert |
12/13/2023 | FCX | Buy Now | Freeport-McMoRan | $49.47 | -17.12% | UBS | Andreas Bokkenheuser | $42 → $41 | Maintains | Neutral | Get Alert |
12/07/2023 | FCX | Buy Now | Freeport-McMoRan | $49.47 | -19.14% | Morgan Stanley | Carlos De Alba | $41 → $40 | Maintains | Equal-Weight | Get Alert |
10/20/2023 | FCX | Buy Now | Freeport-McMoRan | $49.47 | -4.99% | Scotiabank | Orest Wowkodaw | $48 → $47 | Maintains | Sector Outperform | Get Alert |
10/20/2023 | FCX | Buy Now | Freeport-McMoRan | $49.47 | -9.04% | BMO Capital | David Gagliano | $47 → $45 | Maintains | Outperform | Get Alert |
10/20/2023 | FCX | Buy Now | Freeport-McMoRan | $49.47 | -17.12% | Morgan Stanley | Carlos De Alba | $44 → $41 | Maintains | Equal-Weight | Get Alert |
10/17/2023 | FCX | Buy Now | Freeport-McMoRan | $49.47 | -15.1% | JP Morgan | Bill Peterson | → $42 | Initiates | → Neutral | Get Alert |
09/21/2023 | FCX | Buy Now | Freeport-McMoRan | $49.47 | -11.06% | Morgan Stanley | Carlos De Alba | $38.5 → $44 | Maintains | Equal-Weight | Get Alert |
07/21/2023 | FCX | Buy Now | Freeport-McMoRan | $49.47 | -22.18% | Morgan Stanley | Carlos De Alba | $38.5 → $38.5 | Reiterates | Equal-Weight → Equal-Weight | Get Alert |
07/06/2023 | FCX | Buy Now | Freeport-McMoRan | $49.47 | -7.01% | Citigroup | Alexander Hacking | → $46 | Reiterates | Neutral → Neutral | Get Alert |
06/29/2023 | FCX | Buy Now | Freeport-McMoRan | $49.47 | -17.12% | Bernstein | Bob Brackett | → $41 | Initiates | → Market Perform | Get Alert |
The latest price target for Freeport-McMoRan (NYSE: FCX) was reported by Argus Research on April 25, 2024. The analyst firm set a price target for $54.00 expecting FCX to rise to within 12 months (a possible 9.16% upside). 20 analyst firms have reported ratings in the last year.
The latest analyst rating for Freeport-McMoRan (NYSE: FCX) was provided by Argus Research, and Freeport-McMoRan maintained their buy rating.
The last upgrade for Freeport-McMoRan Inc happened on April 9, 2024 when B of A Securities raised their price target to $59. B of A Securities previously had a neutral for Freeport-McMoRan Inc.
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.
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 April 25, 2024 so you should expect the next rating to be made available sometime around April 25, 2025.
While ratings are subjective and will change, the latest Freeport-McMoRan (FCX) rating was a maintained with a price target of $44.00 to $54.00. The current price Freeport-McMoRan (FCX) is trading at is $49.47, which is within the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.