Freeport-McMoRan

FCX · NYSE

$68.87−$0.88 (−1.26%)TodayMarket closed · Oct 20, 7:59 PM ET

Prev close $69.75

FCX analyst rating

BuyConsensus of 14 analysts over the last 12 months. 79% rate it a buy.

Strong buy0
Buy11
Hold3
Underperform0
Sell0

12-month price target · 25 analysts

Average $74.50 (+8.2% upside)

Low: $47.47
Now: $68.87
High: $87.15

Upgrades and downgrades

The latest rating actions, newest first

FCX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 19, 2026	Maintains	Overweight	$83.00 → $84.00	57%
UBS	Oct 8, 2026	Maintains	Buy	$77.00 → $78.00	78%
JP Morgan	Oct 7, 2026	Maintains	Overweight	$77.00 → $92.00	54%
Morgan Stanley	Oct 7, 2026	Maintains	Equal-Weight	$70.00 → $75.00	53%
Barclays	Oct 6, 2026	Maintains	Overweight	$82.00 → $83.00	57%
Wells Fargo	Oct 6, 2026	Maintains	Overweight	$70.00 → $87.00	55%
Citigroup	Oct 5, 2026	Maintains	Buy	$66.00 → $84.00	61%
RBC Capital	Sep 16, 2026	Maintains	Sector Perform	$73.00 → $85.00	90%
Bernstein	Sep 9, 2026	Maintains	Market Perform	$50.00 → $47.00	59%
Barclays	Jul 27, 2026	Maintains	Overweight	$80.00 → $82.00	57%

The case for and against

Updated Aug 9, 2026

Bull case

Freeport-McMoRan is well positioned to benefit from its ownership stakes in 10 copper mines, including the world's largest copper mine, Grasberg, and strong production forecast through 2030, with a significant reserve base providing potential for future expansions. Additionally, the company's recent agreement with the Indonesian government for a life-of-resource extension of its operating rights at Grasberg provides long-term clarity and a positive NAVPS impact. With a strong FCF profile and potential for increased shareholder returns, Freeport-McMoRan offers an attractive risk-reward profile, despite current operational challenges at Grasberg.

Bear case

Freeport-McMoRan is facing several risks that could negatively affect its stock, such as the need for near-term funding solutions, potential de-leveraging of its balance sheet, political instability in Indonesia, potential operating disruptions at its mines, and a potential decrease in copper prices. Additionally, the company currently trades at higher valuations compared to its peers, which could limit potential upside for investors.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.