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Freeport-McMoRan, Inc. (FCX)
:FCX
FCX Analyst Ratings
Strong Buy
15 Buy
2 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
FCX Stock 12 Month Forecast
Average Price Target
$48.24
▲(17.46% Upside)
| Highest Price Target$58.00 | Average Price Target$48.24 | Lowest Price Target$44.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Detailed List of Analyst Forecasts
Deutsche Bank
$45→$47
Buy
14.44%
Upside
Reiterated
11/26/25
Bank of America Securities
$50→$58
Buy
41.22%
Upside
Reiterated
11/24/25
Bernstein
$45
Buy
9.57%
Upside
Reiterated
11/20/25
Scotiabank
$51→$47
Buy
14.44%
Upside
Upgraded
11/19/25
UBS
$48→$55
Buy
33.92%
Upside
Reiterated
11/19/25
Freeport-McMoRan's Strategic Initiatives and Future Outlook Justify Buy RatingDe-risking but plenty of work ahead FCX announced it will restore large-scale operations at Grasberg Block Cave (GBC) and the restart and ramp-up of underground mining in Q2-26. 2026/27 production guidance is slightly lower vs preliminary estimates, but critically FCX expects production to return close to previous guidance/normalised levels in 2028. Remediation activities are continuing and operations at the unaffected Zone (DMLZ) and Big Gossan (BS) mines restarted late last month. FCX have incorporated learnings from the incident into future plans and are implementing several initiatives to address the conditions that led to the incident. FCX expect to submit a formal application before year-end for PTFI extension beyond 2041 and report that the Indonesian Govt remains supportive (FCX share reduces from 49% to 37% after 2041).
Morgan Stanley
$46→$44
Buy
7.13%
Upside
Reiterated
11/19/25
Freeport-McMoRan: Buy Rating Affirmed Amid Aligned Production Guidance and Market ExpectationsWe expect to get more details during today's investor call. Investor call scheduled for 10am 03:12 PM GMTM Inc (FCX.N) Our mid-2026 price target is derived using an EV/EBITDA multiple of 6.6x, which is in-line with the 5yr average, on our 2H26-1H27e EBITDA. We raise the multiple to account for the tempora- rily lower EBITDA as the company ramps up operations in Indonesia.
Stifel Nicolaus
$52
Buy
26.61%
Upside
Reiterated
11/19/25
Wells Fargo
$47
Buy
14.44%
Upside
Reiterated
11/19/25
Clarksons
$42→$46
Buy
12.00%
Upside
Upgraded
11/19/25
Raymond James
$46→$45
Buy
9.57%
Upside
Reiterated
11/18/25
Freeport-McMoRan: Strong Buy Rating Backed by Robust Copper Assets and Strategic Growth PlansWe believe FCX has excellent assets, but also has higher jurisdictional risk given Grasberg, one of its major assets, is located in Indonesia. However, we also believe the 2018 Indonesia transaction with the government improved the risk profile of Grasberg. ANALYSIS Indonesia Update: FCX has announced plans to restore large-scale production from PTFI’s Grasberg operations. As previously reported, PTFI commenced production from the unaffected Gossan underground mines in late October 2025. Remediation activities are now being advanced to prepare for a phased restart and ramp-up of the Grasberg Block Cave underground mine beginning in 2Q26.
RBC Capital
$48
Hold
16.87%
Upside
Assigned
11/18/25
BMO Capital
$48→$47
Buy
14.44%
Upside
Reiterated
11/18/25
TR | OpenAI - 4o
$45→$46
Hold
12.00%
Upside
Reiterated
10/30/25
AI Generated ArticleAI Generated Article
HSBC
$43→$50
Buy
21.74%
Upside
Upgraded
10/15/25
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
Deutsche Bank
$45→$47
Buy
14.44%
Upside
Reiterated
11/26/25
Bank of America Securities
$50→$58
Buy
41.22%
Upside
Reiterated
11/24/25
Bernstein
$45
Buy
9.57%
Upside
Reiterated
11/20/25
Scotiabank
$51→$47
Buy
14.44%
Upside
Upgraded
11/19/25
UBS
$48→$55
Buy
33.92%
Upside
Reiterated
11/19/25
Freeport-McMoRan's Strategic Initiatives and Future Outlook Justify Buy RatingDe-risking but plenty of work ahead FCX announced it will restore large-scale operations at Grasberg Block Cave (GBC) and the restart and ramp-up of underground mining in Q2-26. 2026/27 production guidance is slightly lower vs preliminary estimates, but critically FCX expects production to return close to previous guidance/normalised levels in 2028. Remediation activities are continuing and operations at the unaffected Zone (DMLZ) and Big Gossan (BS) mines restarted late last month. FCX have incorporated learnings from the incident into future plans and are implementing several initiatives to address the conditions that led to the incident. FCX expect to submit a formal application before year-end for PTFI extension beyond 2041 and report that the Indonesian Govt remains supportive (FCX share reduces from 49% to 37% after 2041).
Morgan Stanley
$46→$44
Buy
7.13%
Upside
Reiterated
11/19/25
Freeport-McMoRan: Buy Rating Affirmed Amid Aligned Production Guidance and Market ExpectationsWe expect to get more details during today's investor call. Investor call scheduled for 10am 03:12 PM GMTM Inc (FCX.N) Our mid-2026 price target is derived using an EV/EBITDA multiple of 6.6x, which is in-line with the 5yr average, on our 2H26-1H27e EBITDA. We raise the multiple to account for the tempora- rily lower EBITDA as the company ramps up operations in Indonesia.
Stifel Nicolaus
$52
Buy
26.61%
Upside
Reiterated
11/19/25
Wells Fargo
$47
Buy
14.44%
Upside
Reiterated
11/19/25
Clarksons
$42→$46
Buy
12.00%
Upside
Upgraded
11/19/25
Raymond James
$46→$45
Buy
9.57%
Upside
Reiterated
11/18/25
Freeport-McMoRan: Strong Buy Rating Backed by Robust Copper Assets and Strategic Growth PlansWe believe FCX has excellent assets, but also has higher jurisdictional risk given Grasberg, one of its major assets, is located in Indonesia. However, we also believe the 2018 Indonesia transaction with the government improved the risk profile of Grasberg. ANALYSIS Indonesia Update: FCX has announced plans to restore large-scale production from PTFI’s Grasberg operations. As previously reported, PTFI commenced production from the unaffected Gossan underground mines in late October 2025. Remediation activities are now being advanced to prepare for a phased restart and ramp-up of the Grasberg Block Cave underground mine beginning in 2Q26.
RBC Capital
$48
Hold
16.87%
Upside
Assigned
11/18/25
BMO Capital
$48→$47
Buy
14.44%
Upside
Reiterated
11/18/25
TR | OpenAI - 4o
$45→$46
Hold
12.00%
Upside
Reiterated
10/30/25
AI Generated ArticleAI Generated Article
HSBC
$43→$50
Buy
21.74%
Upside
Upgraded
10/15/25
Best Analysts Covering Freeport-McMoRan
1 Month
xxx
Success Rate
27/48 ratings generated profit
Average Return
-0.03%
reiterated a xxx
rating 2 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 56.25% of your transactions generating a profit, with an average return of -0.03% per trade.
3 Months
xxx
Success Rate
28/48 ratings generated profit
Average Return
+5.47%
reiterated a xxx
rating 2 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 58.33% of your transactions generating a profit, with an average return of +5.47% per trade.
1 Year
Success Rate
11/17 ratings generated profit
Average Return
+38.69%
upgraded a buy rating 8 days ago
Copying Orest Wowkodaw's trades and holding each position for 1 Year would result in 64.71% of your transactions generating a profit, with an average return of +38.69% per trade.
2 Years
xxx
Success Rate
8/12 ratings generated profit
Average Return
+1.38%
reiterated a xxx
rating 9 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 66.67% of your transactions generating a profit, with an average return of +1.38% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
FCX Analyst Recommendation Trends
Rating
Jul 25
Aug 25
Sep 25
Oct 25
Nov 25
Strong Buy
0
0
0
0
0
Buy
23
27
33
30
38
Hold
13
12
19
14
14
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
36
39
52
44
52
Each month's total comprises the sum of three months' worth of ratings.
FCX Financial Forecast
FCX Stock Forecast FAQ
What is FCX’s average 12-month price target, according to analysts?
Based on analyst ratings, Freeport-McMoRan, Inc.’s 12-month average price target is 48.24.
What is FCX’s upside potential, based on the analysts’ average price target?
Freeport-McMoRan, Inc. has 17.46% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is FCX a Buy, Sell or Hold?
Freeport-McMoRan, Inc. has a consensus rating of Strong Buy which is based on 15 buy ratings, 2 hold ratings and 0 sell ratings.
What is Freeport-McMoRan, Inc.’s price target?
The average price target for Freeport-McMoRan, Inc. is 48.24. This is based on 17 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $58.00 ,the lowest forecast is $44.00. The average price target represents 17.46% Increase from the current price of $41.07.
The highest analyst price target is $58.00 ,the lowest forecast is $44.00. The average price target represents 17.46% Increase from the current price of $41.07.
What do analysts say about Freeport-McMoRan, Inc.?
Freeport-McMoRan, Inc.’s analyst rating consensus is a Strong Buy. This is based on the ratings of 17 Wall Streets Analysts.
How can I buy shares of FCX?
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