UBS Reiterates Buy Rating on Freeport-McMoRan
UBS analyst Daniel Major maintains a buy rating on Freeport-McMoRan with a $77 price target, a 22.44% upside from the current price.
Key Points
- UBS analyst Daniel Major reiterated a buy rating on Freeport-McMoRan Inc. (NYSE:FCX) with a $77 price target on June 30, 2026.
- UBS's $77 price target implies 22.44% upside from Freeport-McMoRan Inc.'s ($FCX) current $62.89 share price.
- Shares of Freeport-McMoRan traded near $61.62 on Tuesday, boasting a market cap of approximately $89.8 billion and a P/E ratio of 33.04.
- Freeport-McMoRan offers a dividend yield of 0.96% and is expected to report earnings on July 22, 2026.
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On June 30, 2026, UBS analyst Daniel Major reiterated his buy rating on Freeport-McMoRan Inc. (NYSE:FCX), setting a price target of $77. This decision reflects continued confidence in the company's prospects.
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Freeport-McMoRan Inc. Stock Down 17.7%
Shares of NYSE:FCX traded near $61.62 on Tuesday. Freeport-McMoRan has a market cap of about $89.8 billion, with a P/E ratio of 33.04 and a forward P/E of 15.80. The stock's 52-week range is between $35.15 and $72.28, with a 50-day moving average of $64.25 and a 200-day moving average of $54.79. The company maintains a current ratio of 2.39 and a quick ratio of 0.86, alongside a debt-to-equity ratio of 33.01.
$FCX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Freeport-McMoRan reported revenue of $26.42 billion, reflecting a growth of 8.8%. The company achieved a net margin of 10.34% and a return on equity of 15.63%. Its earnings per share stood at $1.89. Investors are looking forward to the next earnings report, scheduled for July 22, 2026.
Dividend
The company offers an annual dividend rate of $0.60, yielding 0.96%. The dividend payout ratio is 31.75%, providing a modest income stream to investors.
About Freeport-McMoRan
Freeport-McMoRan Inc. is a major player in the mining industry, focusing primarily on copper, gold, and molybdenum. Headquartered in Phoenix, Arizona, and led by CEO Ms. Kathleen Lynne Quirk, the company operates significant mining assets across North America, South America, and Indonesia. With around 29,000 employees, Freeport-McMoRan is known for its large-scale operations, including the Grasberg minerals district in Indonesia and several key sites in the United States and South America.
Bottom Line
UBS's reiteration of a buy rating for Freeport-McMoRan reflects continued confidence in the company's performance and future prospects. Investors track these ratings closely as they provide insights into potential stock movements. Remember, analyst ratings are just one part of the picture, and the actual position of investors may have changed since the last report.
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