Freeport-McMoRan (NYSE:FCX) Stock Rating Upgraded by Barclays

Posted by on May 23rd, 2026

Freeport-McMoRan (NYSE:FCX – Get Free Report) was upgraded by equities researchers at Barclays to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other research analysts also recently weighed in on the stock. Citigroup decreased their price objective on shares of Freeport-McMoRan from $67.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Bank of America upped their price objective on shares of Freeport-McMoRan from $68.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Wells Fargo & Company decreased their price objective on shares of Freeport-McMoRan from $77.00 to $68.00 and set an “overweight” rating for the company in a research report on Friday, April 24th. Sanford C. Bernstein decreased their price objective on shares of Freeport-McMoRan from $54.00 to $53.50 and set a “market perform” rating for the company in a research report on Friday, April 24th. Finally, CICC Research decreased their price objective on shares of Freeport-McMoRan from $64.40 to $63.40 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.72.

Get Our Latest Stock Analysis on FCX

Freeport-McMoRan Trading Down 0.6%

Shares of Freeport-McMoRan stock opened at $61.92 on Thursday. The firm has a 50-day simple moving average of $61.41 and a two-hundred day simple moving average of $56.35. The company has a market cap of $89.01 billion, a P/E ratio of 32.94, a price-to-earnings-growth ratio of 0.75 and a beta of 1.32. Freeport-McMoRan has a fifty-two week low of $35.15 and a fifty-two week high of $70.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 2.39.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The natural resource company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.10. The business had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $5.73 billion. Freeport-McMoRan had a net margin of 10.34% and a return on equity of 9.88%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 earnings per share. As a group, equities analysts predict that Freeport-McMoRan will post 2.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL acquired a new position in shares of Freeport-McMoRan during the 4th quarter worth about $25,000. Steph & Co. raised its position in shares of Freeport-McMoRan by 43.7% during the 1st quarter. Steph & Co. now owns 493 shares of the natural resource company’s stock worth $29,000 after purchasing an additional 150 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of Freeport-McMoRan during the 1st quarter worth about $29,000. Kemnay Advisory Services Inc. acquired a new position in shares of Freeport-McMoRan during the 4th quarter worth about $29,000. Finally, SHP Wealth Management purchased a new stake in Freeport-McMoRan during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 80.77% of the company’s stock.

Freeport-McMoRan Company Profile

(Get Free Report)

Freeport-McMoRan Inc is a U.S.-based natural resources company primarily engaged in the exploration, mining and processing of copper, gold and molybdenum. Its operations encompass large-scale open-pit and underground mining as well as associated concentrator and milling facilities. The company produces copper in the form of concentrates and cathodes, and also recovers gold and molybdenum as co-products; its business model includes exploration, development, mining, beneficiation and the sale of bulk commodities to smelters and industrial customers.

Freeport-McMoRan conducts operations and development activities across multiple geographies, with substantial assets in the Americas and Indonesia.

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Analyst Recommendations for Freeport-McMoRan (NYSE:FCX)

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