FREEPORT-MCMORAN INC
No SEC Form 4 filings for $FCX in the last 30 days.
Barclays initiated coverage of Freeport-McMoRan (FCX) on May 21 with an Overweight rating and a $77 price target, citing the company’s copper exposure tied to electrification and renewable infrastructure demand. UBS analyst Daniel Major raised his FCX target to $75 from $74, keeping a Buy rating. The article also notes FCX’s copper-focused mining and other metals output.
UBS raised its copper forecasts for the second time this year, targeting $14,000/mt by Sept. 2026 and adding a June 2027 target of $15,500/mt, citing a widening structural supply deficit. UBS expects a 520,000mt shortfall in 2026 vs 203,000mt in 2025. LME copper recently traded around $13,497/mt after briefly topping $14,000.
Barclays has initiated coverage on Freeport-McMoRan (FCX) with an Overweight rating. This news follows UBS adjusting its price target for Freeport-McMoRan to $75 from $74, while maintaining a Buy rating. The company specializes in copper, gold, and molybdenum mining, with operations primarily in the United States, Peru, Chile, Indonesia, and Congo.
