Analyst Price Target is $51.46
▲ +43.70% Upside Potential
This price target is based on 15 analysts offering 12 month price targets for Freeport-McMoRan in the last 3 months. The average price target is $51.46, with a high forecast of $60.00 and a low forecast of $40.00. The average price target represents a 43.70% upside from the last price of $35.81.
Current Consensus is
Moderate Buy
The current consensus among 15 contributing investment analysts is to moderate buy stock in Freeport-McMoRan. This rating has held steady since April 2024, when it changed from a Hold consensus rating.
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona.
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