
Freeport-McMoRan (FCX) Stock Forecast & Price Target
Freeport-McMoRan (FCX) Analyst Ratings
Bulls say
Freeport-McMoRan is expected to experience positive NAVPS impact due to the Grasberg licence extension, which could contribute significantly to the company's asset-level NAVPS. Additionally, its revised 2026 production guidance is below analysts' expectations, but strong balance sheet, attractive valuation, and high leverage to Cu-Au prices make the company well positioned for future growth. With a revised 12-month target of $72.00 per share and an improving FCF outlook, we rate FCX shares Sector Outperform and believe they are poised for a potential re-rating higher.
Bears say
Freeport-McMoRan is facing negative revisions due to decreasing forecasts of EBITDA and NAVPS, as well as weaker but still growing forecasts for FCF. This outlook, combined with shares trading at discounted multiples compared to its peers, indicates a potential decline in the company's stock. Additionally, their investments in exploration and R&D may not yield significant returns in the near future.
This aggregate rating is based on analysts' research of Freeport-McMoRan and is not a guaranteed prediction by Public.com or investment advice.
Freeport-McMoRan (FCX) Analyst Forecast & Price Prediction
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