Assessing Freeport-McMoRan: Insights From 12 Financial Analysts
Analysts' ratings for Freeport-McMoRan (NYSE:FCX) over the last quarter vary from bullish to bearish, as provided by 12 analysts.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 8 | 1 | 0 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 1 | 3 | 0 | 0 | 0 |
| 3M Ago | 1 | 4 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $58.67, a high estimate of $70.00, and a low estimate of $44.00. Surpassing the previous average price target of $52.88, the current average has increased by 10.95%.
Exploring Analyst Ratings: An In-Depth Overview
An in-depth analysis of recent analyst actions unveils how financial experts perceive Freeport-McMoRan. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Orest Wowkodaw | Scotiabank | Raises | Sector Outperform | $70.00 | $63.00 |
| Daniel Major | UBS | Raises | Buy | $70.00 | $60.00 |
| Bob Brackett | Bernstein | Raises | Market Perform | $54.00 | $53.50 |
| Timna Tanners | Wells Fargo | Raises | Overweight | $64.00 | $55.00 |
| Alexander Hacking | Citigroup | Raises | Buy | $67.00 | $48.00 |
| Bill Peterson | JP Morgan | Raises | Overweight | $68.00 | $58.00 |
| Timna Tanners | Wells Fargo | Raises | Overweight | $55.00 | $47.00 |
| Daniel Major | UBS | Raises | Buy | $60.00 | $55.00 |
| Bill Peterson | JP Morgan | Raises | Overweight | $58.00 | $50.00 |
| Orest Wowkodaw | Scotiabank | Lowers | Sector Outperform | $47.00 | $51.00 |
| Carlos De Alba | Morgan Stanley | Lowers | Overweight | $44.00 | $46.00 |
| Katja Jancic | BMO Capital | Lowers | Outperform | $47.00 | $48.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Freeport-McMoRan. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Freeport-McMoRan compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Freeport-McMoRan's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Freeport-McMoRan's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Freeport-McMoRan analyst ratings.
About Freeport-McMoRan
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.1 million metric tons of copper (its share) in 2025, making it the one of the world's largest copper miners by volume. It also sold about 530,000 ounces of gold, mostly from Grasberg, and 74 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2025. We expect it to sell about 1.3 million metric tons of copper and 610,000 ounces of gold midcycle in 2030.
Financial Milestones: Freeport-McMoRan's Journey
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Freeport-McMoRan's revenue growth over a period of 3M has faced challenges. As of 31 December, 2025, the company experienced a revenue decline of approximately -19.21%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Materials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 7.21%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Freeport-McMoRan's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.16%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Freeport-McMoRan's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.71%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a high debt-to-equity ratio of 0.55, Freeport-McMoRan faces challenges in effectively managing its debt levels, indicating potential financial strain.
What Are Analyst Ratings?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.