On July 9, 2025, Stifel analyst Paul Forward initiated coverage on Freeport-McMoRan (FCX, Financial), a leading mining company. The analyst has assigned a "Buy" rating to the stock, marking a significant move from the previous "Hold" rating.
In addition to the new rating, Stifel announced a price target for FCX, setting it at $56.00 USD. This valuation reflects the firm's positive outlook on Freeport-McMoRan's market position and future performance.
Freeport-McMoRan (FCX, Financial) is renowned for its extensive portfolio in copper and gold extraction, positioning itself as a significant player in the mining industry. The change in the analyst's rating from "Hold" to "Buy" signals increased confidence in FCX's potential for growth.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Freeport-McMoRan Inc (FCX, Financial) is $48.26 with a high estimate of $60.04 and a low estimate of $27.32. The average target implies an upside of 4.29% from the current price of $46.27. More detailed estimate data can be found on the Freeport-McMoRan Inc (FCX) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Freeport-McMoRan Inc's (FCX, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Freeport-McMoRan Inc (FCX, Financial) in one year is $48.11, suggesting a upside of 3.98% from the current price of $46.27. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Freeport-McMoRan Inc (FCX) Summary page.
