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Freeport-McMoRan (FCX): analyst forecast and price target

$69.54 −0.74% close 16.10.26 · market cap $101B · Basicmaterials · Copper SPY 0.15%
Price targets and ratings of

Analyst consensus

Strong Buy

12 Buy4 Hold0 Sell

Ratings of 16 analysts in the last 3 months

12-month forecast

$81.92+17.8% upside

Based on 16 price targets given in the last 3 months, the average target is $81.92, the highest $92.00, the lowest $75.00. The average is +17.8% from the last price of $69.54.

$40.00$60.00$80.00Jan 26AprJulOctJan 27AprJulOctHigh$92.00Average$81.92Low$75.00
Highest target $92.00 Average target $81.92 Lowest target $75.00
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Daniel Major★★★★★★★★★★#449 · hits 64% · avg +20.8% UBS $77.00 → $88.00+14.3% Buy +26.5% Reiterated 08.10.26on TipRanks 07:55 −0.6%next day +3.0% · 5 days −1.0%
Sam Crittenden★★★★★★★★★★#176 · hits 60% · avg +24.3% RBC Capital $85.00 Hold +22.2% Reiterated 07.10.26on TipRanks Oct 8 21:45 −0.7%next day −0.6% · 5 days −2.1%
Bill Peterson★★★★★★★★★★#2254 · hits 49% · avg +6.9% J.P. Morgan $77.00 → $92.00+19.5% Buy +32.3% Assigned 07.10.26on TipRanks 07:11 −0.7%next day −0.6% · 5 days −2.1%
Carlos De Alba★★★★★★★★★★#697 · hits 57% · avg +16.1% Morgan Stanley $75.00 Hold +7.9% Reiterated 06.10.26on TipRanks Oct 7 05:40 −0.6%next day −0.7% · 5 days −0.1%
Timna Tanners★★★★★★★★★★#3057 · hits 55% · avg +4.1% Wells Fargo $70.00 → $87.00+24.3% Buy +25.1% Assigned 06.10.26on TipRanks 06:10 −0.6%next day −0.7% · 5 days −0.1%
Richard Garchitorena★★★★★★★★★★#2557 · hits 59% · avg +9.1% Barclays $80.00 → $83.00+3.8% Buy +19.4% Reiterated 06.10.26on TipRanks 04:50 −0.6%next day −0.7% · 5 days −0.1%
Nick Cash★★★★★★★★★★#6084 · hits 50% · avg +8.0% Goldman Sachs $73.00 → $81.00+11.0% Buy +16.5% Reiterated 05.10.26on TipRanks 07:40 +0.1%next day −0.6% · 5 days +0.5%
Alexander Hacking★★★★★★★★★★#479 · hits 67% · avg +19.1% Citi $66.00 → $84.00+27.3% Buy +20.8% Reiterated 05.10.26on TipRanks 06:35 +0.1%next day −0.6% · 5 days +0.5%
Lawson Winder★★★★★★★★★★#424 · hits 57% · avg +16.2% Bank of America Securities $80.00 Buy +15.0% Reiterated 02.10.26on TipRanks Oct 3 09:45 +3.2%next day +0.1% · 5 days +1.1%
Sam Crittenden★★★★★★★★★★#176 · hits 60% · avg +24.3% RBC Capital $73.00 → $85.00+16.4% Hold +22.2% Reiterated 15.09.26on TipRanks Sep 17 21:45 +0.5%next day +0.2% · 5 days +4.8%
Bob Brackett★★★★★★★★★★#584 · hits 63% · avg +17.6% Bernstein — Hold — Reiterated 14.09.26on TipRanks 06:30 −2.0%next day +0.5% · 5 days +2.2%
Nick Cash★★★★★★★★★★#6084 · hits 50% · avg +8.0% Goldman Sachs $24.00 → $73.00+204.2% Buy +5.0% Reiterated 10.09.26on TipRanks 10:20 −6.0%next day −1.0% · 5 days −1.1%
Vitaly Kononov★★★★★★★★★★#6574 · hits 36% · avg +5.4% Freedom Capital Markets $75.00 Hold +7.9% Downgrade 03.09.26on TipRanks 09:45 −2.9%next day +0.6% · 5 days −0.9%
Hans Engel★★★★★★★★★★#1835 · hits 58% · avg +11.1% Erste Group — Buy — Initiated 27.08.26on TipRanks 11:50 −1.4%next day −2.3% · 5 days −7.7%
Unknown Analyst William O'Neil — Buy — Initiated 24.08.26on TipRanks Aug 25 23:06 +1.8%next day +2.4% · 5 days −3.1%
Alexander Hacking★★★★★★★★★★#479 · hits 67% · avg +19.1% Citi $66.00 Buy −5.1% Reiterated 27.07.26on TipRanks Jul 28 05:55 +0.2%next day −2.0% · 5 days −1.0%
Richard Garchitorena★★★★★★★★★★#2557 · hits 59% · avg +9.1% Barclays $82.00 Buy +17.9% Reiterated 24.07.26on TipRanks Jul 27 13:57 −1.5%next day +0.2% · 5 days −1.0%
Carlos De Alba★★★★★★★★★★#697 · hits 57% · avg +16.1% Morgan Stanley $70.00 Hold +0.7% Reiterated 24.07.26on TipRanks 09:36 −1.5%next day +0.2% · 5 days −1.0%
Daniel Major★★★★★★★★★★#449 · hits 64% · avg +20.8% UBS $77.00 Buy +10.7% Reiterated 24.07.26on TipRanks 08:55 −1.5%next day +0.2% · 5 days −1.0%
Katja Jancic★★★★★★★★★★#397 · hits 73% · avg +30.1% BMO Capital $78.00 Buy +12.2% Reiterated 24.07.26on TipRanks 07:56 −1.5%next day +0.2% · 5 days −1.0%
Orest Wowkodaw★★★★★★★★★★#262 · hits 56% · avg +21.1% Scotiabank $77.00 Buy +10.7% Assigned 24.07.26on TipRanks 07:56 −1.5%next day +0.2% · 5 days −1.0%
Timna Tanners★★★★★★★★★★#3057 · hits 55% · avg +4.1% Wells Fargo $68.00 → $70.00+2.9% Buy +0.7% Reiterated 24.07.26on TipRanks 05:51 −1.5%next day +0.2% · 5 days −1.0%
Lawson Winder★★★★★★★★★★#424 · hits 57% · avg +16.2% Bank of America Securities $80.00 Buy +15.0% Reiterated 23.07.26on TipRanks Jul 24 05:13 −1.1%next day −1.5% · 5 days −0.6%
Ralph M. Profiti★★★★★★★★★★#372 · hits 65% · avg +23.9% Stifel Nicolaus $76.00 → $80.00+5.3% Buy +15.0% Reiterated 21.07.26on TipRanks Jul 24 05:13 +5.6%next day +4.0% · 5 days −0.5%
Bill Peterson★★★★★★★★★★#2254 · hits 49% · avg +6.9% J.P. Morgan $77.00 Buy +10.7% Reiterated 12.07.26on TipRanks Jul 13 04:35 −1.8%next day +2.9% · 5 days −0.8%
Liam Fitzpatrick★★★★★★★★★★#966 · hits 58% · avg +12.0% Deutsche Bank $58.00 → $72.00+24.1% Buy +3.5% Reiterated 15.05.26on TipRanks 12:40 −3.5%next day −3.9% · 5 days −2.5%
Chris LaFemina★★★★★★★★★★#470 · hits 55% · avg +14.9% Jefferies $76.00 → $75.00−1.3% Buy +7.9% Reiterated 23.04.26on TipRanks 14:45 −12.2%next day −1.5% · 5 days −7.5%
Alexandra Yates★★★★★★★★★★#1237 · hits 85% · avg +33.3% Argus Research — Buy — Upgrade 13.02.26on TipRanks 07:35 +1.2%next day −2.9% · 5 days +4.2%
Brian MacArthur★★★★★★★★★★#41 · hits 69% · avg +30.2% Raymond James $53.00 → $66.00+24.5% Buy −5.1% Reiterated 14.01.26on TipRanks 16:45 −0.7%next day −2.0% · 5 days +1.2%
Roald Ross★★★★★★★★★★#6313 · hits 67% · avg +35.2% Clarksons $42.00 → $46.00+9.5% Buy −33.9% Upgrade 19.11.25on TipRanks 10:30 +2.7%next day −2.4% · 5 days −0.4%

Every rating the collector has kept for the last 12 months, including the earlier ones of the same analyst. Latest of each analyst

Best analysts covering Freeport-McMoRan

TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.

Most accurate

3 months Daniel Major★★★★★★★★★★UBS · #449
Hits 64%134 of 208 Average return +20.8%
1 year Bill Peterson★★★★★★★★★★J.P. Morgan · #2254
Hits 49%131 of 265 Average return +6.9%
2 years Katja Jancic★★★★★★★★★★BMO Capital · #397
Hits 73%83 of 113 Average return +30.1%

Most profitable

3 months Alexander Hacking★★★★★★★★★★Citi · #479
Hits 67%152 of 228 Average return +19.1%
1 year Bill Peterson★★★★★★★★★★J.P. Morgan · #2254
Hits 49%131 of 265 Average return +6.9%
2 years Timna Tanners★★★★★★★★★★Wells Fargo · #3057
Hits 55%159 of 290 Average return +4.1%

How the average price target moved

The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $76.15 at a price of $70.00 (+8.8%); now: $81.92 at $69.54 (+17.8%).

$70.00$75.00$80.00Sep 15Oct 1Oct 15Top analysts$82.20Average target$81.92Price$69.54

PriceAverage targetTop analysts’ target

Recommendation trend

020403113Oct 253913Nov316Dec305Jan 26214Feb185Mar216Apr217May227Jun219Jul188Aug1710Sep106Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy000000
Buy212221181710
Hold7798106
Sell000000

Earnings and sales forecast

Next report: 27.10.26 (Q3 2026, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $0.80 (from $0.62 to $0.94). Last quarter: $0.74.

Sales

Next quarter’s sales estimate — $7.4B (from $6.8B to $8.2B). Last quarter: $6.9B.

Best top-analyst consensus in the sector · Basicmaterials

HBMnot in our ETFs
KGCnot in our ETFs
USARUSA Rare Earth
SSRMSSR Mining
EQXnot in our ETFs
About Freeport-McMoRan
  • CEO: Kathleen L. Quirk
  • Employees: 29,000
  • 4340 E. Cotton Center Blvd., Phoenix, AZ, 85040-8852, US
  • fcx.com

Freeport-McMoRan Inc. is a prominent mining enterprise conducting extensive operations across North America, South America, and Indonesia. The company primarily focuses on the exploration and extraction of key mineral resources such as copper, gold, molybdenum, and silver, alongside other valuable metals. Additionally, it maintains a significant presence in the oil and gas sector. Its diverse portfolio of assets features the notable Grasberg minerals district in Indonesia; numerous sites in the United States including Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado. In South America, its holdings include Cerro Verde in Peru and El Abra in Chile. Beyond its mineral interests, Freeport-McMoRan operates a collection of oil and gas properties, predominantly situated off the coasts of California and in the Gulf of Mexico, managing approximately 135 wells as of December 31, 2021. Founded in 1987 and headquartered in Phoenix, Arizona, the company adopted its current name, Freeport-McMoRan Inc., in July 2014, having previously operated as Freeport-McMoRan Copper & Gold Inc.

Data from the stock’s TipRanks forecast page, read 2 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗