
Freeport-McMoRan (FCX) Stock Forecast & Price Target
Freeport-McMoRan (FCX) Analyst Ratings
Bulls say
Freeport-McMoRan is expected to have strong and improving free cash flow from 2026-2028, resulting in potential improvements in shareholder returns. Although there was a negative impact on its NAVPS due to the Grasberg license extension, the company's strong balance sheet and attractive valuation make it well-positioned for potential re-rating in the future. Despite negative revisions, Freeport-McMoRan's shares are still trading at discounted multiples compared to its large-cap copper peers, making it a potentially attractive investment opportunity.
Bears say
Freeport-McMoRan is facing challenges due to lower-than-expected production in their Grasberg mine and increased deferred capital expenditures. This, coupled with a negative outlook on copper and gold prices, could lead to lower revenue and cash flow for the company in the near-term. However, the company's large reserves and production scale could position them well in the long-term if commodity prices rebound.
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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