
Freeport-McMoRan (FCX) Stock Forecast & Price Target
Freeport-McMoRan (FCX) Analyst Ratings
Bulls say
Freeport-McMoRan's strong balance sheet and attractive valuation, particularly in the context of its future earnings, position the company favorably for potential re-rating amidst improving copper and gold market dynamics. The company also benefits from a significant operational footprint, including ownership stakes in major mines and a long reserve life of approximately 25 years for copper, which supports ongoing production stability. Additionally, Freeport's commitment to reducing greenhouse gas emissions and transitioning to renewable energy sources reinforces its long-term sustainability strategy, aligning with current environmental priorities and potentially enhancing its market appeal.
Bears say
Freeport-McMoRan's copper production is expected to remain stable at approximately 1.2 million metric tons through midcycle 2029; however, gold output is projected to decline to about 650,000 ounces due to decreased production at its Grasberg operation. Despite a positive adjustment in capital expenditure guidance for 2026, the company faces a 20% anticipated drop in consensus EBITDA, suggesting a decrease in valuation multiples. Moreover, Freeport is trading above North American copper peers on forward consensus EBITDA, which may reflect underlying financial challenges impacting its long-term stock outlook.
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
Start investing in Freeport-McMoRan (FCX)
Order type
Buy in
Order amount
Est. shares
0 shares