FCX

Freeport-McMoran Copper & Gold Inc

NYSE: FCX · BASIC MATERIALS · COPPER

$68.41

+3.12% today

Updated 2026-06-12

Market cap

$103.10B

P/E ratio

37.95

P/S ratio

3.90x

EPS (TTM)

$1.89

Dividend yield

0.89%

52W range

$35 – $72

Volume

14.8M

Market cap

$103.10B

P/E ratio

37.95

P/S ratio

3.90x

EPS (TTM)

$1.89

Dividend yield

0.89%

52W range

$35 – $72

Volume

14.8M

Freeport-McMoran Copper & Gold Inc (FCX) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Research-backed FCX price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.

Current price

$68.41

Today

Analyst consensus

$57,500.00

+83952.04% · 12M

2030 Base

—

— future

NPV today

—

@ — WACC

17 analysts:

6 Buy2 Hold1 Sell

Management guidance

No specific CEO revenue targets disclosed in available documents. Management has emphasized confidence in copper demand despite geopolitical challenges (Iran conflict), positioning the company to benefit from structural deficits in global copper markets and anticipated macro tailwinds. Capital investment plans include $7.5B boost to Chile's El Abra copper output, indicating confidence in long-term production growth.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

FCX · Freeport-McMoran Copper & Gold Inc · Revenue & price projection · 2023–2030E

Actual / 2030 target Projected revenue Base case price Bull to bear range

Bear case (2030)

—

NPV today: —

Base case (2030)

—

NPV today: —

Bull case (2030)

—

NPV today: —

WallStSmart.com

FCX financial forecast · Research-backed projections

Metric	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)
Revenue	$25.7B	$29.4B	$34.8B	$40.8B	$47.2B
Revenue growth	1.1%	13.4%	18.5%	17.1%	15.7%
Net margin	—	—	—	—	—
EPS	$1.56	$2.95	$3.86	$4.75	$5.48
Diluted shares	—	—	—	—	—
Net debt	—	—	—	—	—
P/S multiple	—	2.0x	2.0x	2.0x	2.0x
Implied price (base)	—	$245.52	$294.62	$343.73	$392.83

★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.

FCX catalysts and risks

Growth catalysts

+ Copper supply deficit structural mismatch vs 50% demand surge by 2040 from AI/electrification

+ $7.5B El Abra expansion increasing Chilean production capacity significantly

+ Performance-based dividend framework improvement to incentivize shareholder returns

+ Goldman Sachs Buy initiation at $70 target (14% upside) citing copper structural thesis

+ Ambler Mining District Arctic/Bornite projects advancing with $85M budget and federal support

+ Copper price near record levels despite inventory concerns due to supply constraints

Key risks

- Geopolitical volatility (Iran conflict causing 20% copper price pullback recently)

- China demand slowdown concerns per Jim Cramer warnings and slower growth trajectory

- Ore grade decline across industry pressuring unit costs (FCX saw Q4 2025 cash cost surge)

- Indonesian policy risk affecting production from key assets

- Copper price cyclicality and macro sensitivity (current P/E 40.3x indicates valuation risk)

- Board transition with Robert Dudley not seeking re-election signals potential strategy shifts

Methodology · Freeport-McMoran Copper & Gold Inc 2030 stock forecast model

Freeport-McMoran Copper & Gold Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 17 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:

1. Share dilution	Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (-100% cumulative for FCX by 2030)
2. Net debt	EV minus net debt yields equity value; debt projected from capex cycle trajectory (— by 2030)
3. Time value	NPV calculated using — WACC (sector fallback)
4. Multiple framework	P/S compresses with scale: bear — / base — / bull —
5. Scenario design	Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently

WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.

FCX price target FAQ

What is the analyst consensus on FCX stock?

17 analysts cover FCX with an average 12-month price target of $57,500.00. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.