
Freeport-McMoRan (FCX) Stock Forecast & Price Target
Freeport-McMoRan (FCX) Analyst Ratings
Bulls say
Freeport-McMoRan has a robust balance sheet and is well-positioned to capitalize on rising copper and gold prices, which enhances its investment appeal. The company’s production capabilities are notable, with expectations to increase copper sales to approximately 1.3 million metric tons and gold sales to around 610,000 ounces by 2030, supported by 25 years of copper reserves as of December 2025. Furthermore, Freeport is committed to sustainability, having reduced emissions and investing in renewable energy initiatives, including a transition to LNG, which positions the company favorably in today's environmentally conscious market.
Bears say
Freeport-McMoRan has experienced a significant reduction in production guidance, with estimates showing a 35% decrease in copper output for 2026, which adversely impacts the company's potential earnings trajectory. The net asset value (NAV) estimate has also declined by 3%, reflecting long-term concerns about production recovery and maintaining operational stability at key assets like Grasberg. Additionally, despite trading below its historical EV/EBITDA multiples, Freeport-McMoRan's valuation remains elevated compared to North American peers, exacerbated by an expected 20% drop in consensus EBITDA.
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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