Freeport-McMoRan stock gains after RBC lifts target to USD 85
Published on 09/18/2026 at 12:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Freeport-McMoRan stock (NYSE: FCX) climbed after Royal Bank of Canada raised its price target from USD 73 to USD 85 and kept a sector perform rating on September 17, 2026. The move came after Freeport-McMoRan reported second-quarter 2026 EPS of USD 0.74 and revenue of USD 7.03 billion.
RBC target meets Q2 numbers
According to MarketBeat on September 17, 2026, the shares rose 2.3 percent after the target increase, while the consensus target stood at USD 70.29. The same report said quarterly EPS beat expectations by USD 0.12, with revenue also above estimates by USD 0.41 billion.
That gap matters because the quarter delivered USD 0.74 per share versus USD 0.62 expected, while revenue reached USD 7.03 billion against USD 6.62 billion. MarketBeat also cited a net margin of 11.39 percent and return on equity of 10.63 percent for the quarter.
Trading around USD 69
MarketBeat showed FCX at USD 69.22 on September 16, 2026, down 0.23 percent on the day, with a 52-week range of USD 35.15 to USD 79.91 and market capitalization of USD 99.40 billion. That leaves the shares below the consensus target and close to the upper half of the yearly range.
What the setup says
For investors, the key point is the mix of a higher sell-side target, a quarterly EPS beat of USD 0.12 and revenue that topped estimates by about 6.2 percent. With copper exposure still driving sentiment, the stock is trading against a backdrop of elevated valuation rather than a weak operating print.
Freeport-McMoRan stock data
- Company: Freeport-McMoRan Inc.
- ISIN: US35671D8570
- Ticker: FCX
- Trading venue: NYSE
- Price (as of September 16, 2026, 3:59 PM): USD 69.22
- Market capitalization: USD 99.40 billion (as of September 16, 2026)
- Sector / Industry: Materials / Copper
- Index membership: S&P 500
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