Freeport-McMoRan Inc's stock rose by 3.00%, reaching a 52-week high, amid a generally positive market environment with the Nasdaq-100 up 0.20% and the S&P 500 up 0.25%.
However, this increase comes amid significant legal challenges, as the company faces a class action lawsuit over alleged securities fraud and safety violations at its Grasberg mine in Indonesia. The lawsuit claims that Freeport failed to ensure adequate safety measures, leading to tragic incidents and substantial investor losses, which could undermine confidence in the company's future prospects.
The ongoing legal issues may create volatility for Freeport's stock, as investors weigh the potential financial and reputational impacts of the lawsuit against the backdrop of the company's recent stock performance.
Wall Street analysts forecast FCX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FCX is 52.40 USD with a low forecast of 44.00 USD and a high forecast of 68.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
Wall Street analysts forecast FCX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FCX is 52.40 USD with a low forecast of 44.00 USD and a high forecast of 68.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 63.630
Low
44.00
Averages
52.40
High
68.00
Current: 63.630
Low
44.00
Averages
52.40
High
68.00
Morgan Stanley
NULL -> Overweight
upgrade
$53 -> $70
2026-01-27
New
Reason
Morgan Stanley
Price Target
$53 -> $70
AI Analysis
2026-01-27
New
upgrade
NULL -> Overweight
Reason
Morgan Stanley raised the firm's price target on Freeport-McMoRan to $70 from $53 and keeps an Overweight rating on the shares after updating the firm's estimates to include the latest company guidance following Q4 earnings.
Scotiabank
Outperform
maintain
$63 -> $70
2026-01-26
New
Reason
Scotiabank
Price Target
$63 -> $70
2026-01-26
New
maintain
Outperform
Reason
Scotiabank raised the firm's price target on Freeport-McMoRan to $70 from $63 and keeps an Outperform rating on the shares. The firm is raising its price targets for Metals & Mining stocks under its coverage, the analyst tells investors. Scotiabank notes higher gold and silver prices should serve as a significant tailwind for many copper miners.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for FCX
Unlock Now
UBS
Daniel Major
Buy
maintain
$60 -> $70
2026-01-23
Reason
UBS
Daniel Major
Price Target
$60 -> $70
2026-01-23
maintain
Buy
Reason
UBS analyst Daniel Major raised the firm's price target on Freeport-McMoRan to $70 from $60 and keeps a Buy rating on the shares.
Bernstein
Bernstein
Outperform
to
Market Perform
downgrade
$54
2026-01-23
Reason
Bernstein
Bernstein
Price Target
$54
2026-01-23
downgrade
Outperform
to
Market Perform
Reason
Bernstein downgraded Freeport-McMoRan to Market Perform from Outperform with a price target of $54, up from $53.50. The firm notes Freeport-McMoRan reported Q4 2025 results with a beat on sales and earnings, but the stock was down about 2%. Importantly, the company's Q4 results were evidence of a continued turnaround from the Grasberg external mud rush incident. Bernstein notes that Freeport's current valuation embeds a much higher copper price than it is comfortable with.
About FCX
Freeport-McMoRan Inc. is an international metals company focused on copper. The Company operates geographically diverse assets with significant proven and probable mineral reserves of copper, gold and molybdenum. The Company's segments include the Morenci and Cerro Verde copper mines, the Indonesia operations (including the Grasberg minerals district and PT-FI’s downstream processing facilities), the Rod & Refining operations and Atlantic Copper Smelting & Refining. Its operations include North America, South America and Indonesia. In North America, it manages seven copper operations: Morenci, Bagdad, Safford (including Lone Star), Sierrita and Miami in Arizona, and Chino and Tyrone in New Mexico, and two molybdenum mines: Henderson and Climax in Colorado. It also operates a copper smelter in Miami, Arizona. In South America, it manages two copper operations: Cerro Verde in Peru and El Abra in Chile. In addition to copper, the Grasberg minerals district also produces gold and silver.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
