Freeport-McMoRan stock: Barclays raises target to USD 84.00

Published on 10/21/2026 at 16:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Freeport-McMoRan reports before the open October 27, 2026. Freeport-McMoRan stock costs EUR 60.81 on October 21, 2026.

Analyst target and reporting date

Barclays raised its Freeport-McMoRan target from USD 83.00 to USD 84.00 on October 19, 2026.
Freeport-McMoRan plans to publish third-quarter 2026 results on October 27, 2026.
Freeport-McMoRan stock trades at EUR 60.81 at Lang & Schwarz on October 21, 2026 at 4:01 p.m. CEST.
Freeport-McMoRan has a USD 98.1 billion market capitalization and a 52-week USD 38.54 to USD 80.24 range.

Isometrisches 3D-Diagramm der Kupferwertschöpfungskette: Grube, Schmelze, Kathodenyard und Hafen — Freeport-McMoRan US35671D8570 – isometrisches 3D-Diagramm der Kupfer-Wertschöpfungskette von der Mine bis zur Verschiffung, Illustration mit AI erstellt.

Freeport-McMoRan (ISIN US35671D8570) is facing an updated Barclays valuation before its next quarterly report: the bank raised its price target from USD 83.00 to USD 84.00 on October 19, 2026, according to MarketBeat. The target stands 23.11 percent above the USD 68.24 NYSE price reported by the market data snapshot on October 21, 2026. Freeport-McMoRan was trading at EUR 60.81 at Lang & Schwarz on October 21, 2026 at 4:01 p.m. CEST.

Barclays lifts the valuation marker

Barclays maintained an overweight rating while moving its target by USD 1.00. MarketBeat reported that the target implied 20.09 percent upside from the USD 69.95 price cited in its October 19 article, while the current USD 68.24 NYSE quote produces a 23.11 percent distance to the target.

The analyst action is the clearest dated valuation signal for Freeport-McMoRan stock in the latest coverage. The company is primarily a copper producer, with additional gold and molybdenum output, and its shares trade on the NYSE under FCX, as stated on the company website.

What does the October report add?

Freeport-McMoRan plans to release third-quarter 2026 results before the market opens on October 27, 2026, with a conference call at 10:00 a.m. Eastern Time, according to the company's Freeport-McMoRan release dated October 2, 2026. The release said third-quarter copper production reached 830 million pounds and gold production reached 230 thousand ounces, giving investors two operating figures to compare with the upcoming results.

In the second quarter of 2026, revenue was USD 7.03 billion and earnings per share were USD 0.74, against a USD 0.62 consensus estimate, according to MarketBeat. Revenue was down 7.30 percent year over year, making production, realized prices and operating costs important figures in the October 27 release.

Freeport-McMoRan versus copper peers

Freeport-McMoRan: down 0.92 percent on the NYSE on October 21, 2026, price-to-earnings ratio 33.50, market capitalization USD 98.1 billion. Southern Copper: down 2.62 percent on the NYSE on October 21, 2026, price-to-earnings ratio 25.64, market capitalization USD 166.4 billion. Teck Resources: down 0.95 percent on the NYSE on October 21, 2026, price-to-earnings ratio 17.66, market capitalization USD 30.8 billion.

Price position before results

Freeport-McMoRan's USD 38.54 to USD 80.24 52-week range places the latest USD 68.24 NYSE quote 15.00 percent below the yearly high. Its market capitalization was USD 98.1 billion on October 21, 2026, while the EUR 60.81 Lang & Schwarz quote provides the German investor view.

Freeport-McMoRan stock was trading at EUR 60.81 at Lang & Schwarz on October 21, 2026 at 4:01 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Freeport-McMoRan stock.