Barclays raises target for Freeport-McMoRan stock to USD 84.00

Published on 10/26/2026 at 11:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barclays lifted its target to USD 84.00 on October 19, 2026. Freeport-McMoRan stock costs EUR 59.04 on October 26, 2026, with Q3 results due October 27.

Analyst views meet operating milestones

Barclays lifted its Freeport-McMoRan target to USD 84.00 on October 19, 2026.
Freeport-McMoRan reported 830 million pounds of copper production for the third quarter of 2026.
Freeport-McMoRan stock trades at EUR 59.04 at 11:15 a.m. CEST at Lang & Schwarz on October 26, 2026.
Freeport-McMoRan plans to release third-quarter results on October 27, 2026.

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Freeport-McMoRan (ISIN US35671D8570) was trading at EUR 59.04 at Lang & Schwarz on October 26, 2026, at 11:15 a.m. CEST. The latest analyst action was Barclays raising its target from USD 83.00 to USD 84.00 on October 19, 2026, as MarketBeat reported.

Production sets the operating baseline

Freeport-McMoRan's October 2 operational update put third-quarter copper production at 830 million pounds, while gold production reached 230,000 ounces. The company said copper sales were expected to reach 750 million pounds, and it estimated the realized copper price above USD 6.50 per pound. These figures give the October 27 earnings release a clear operational benchmark.

The update also identified a counter-factor. Unit net cash costs were expected to be 5 percent above the July estimate of USD 2.00 per pound, while gold sales were affected by deferred Indonesian shipments. The details came from the Freeport-McMoRan release dated October 2, 2026.

What does the target change mean?

Barclays' USD 84.00 target is one of several recent revisions. MarketScreener listed UBS raising its target to USD 88.00 from USD 77.00 on October 8, 2026, while the same overview recorded Scotiabank lifting its target to USD 80.00 from USD 77.00 on October 13, 2026, according to MarketScreener.

Three dates frame the stock

On October 2, 2026, Freeport-McMoRan reported 830 million pounds of third-quarter copper production through its operational update. On October 8, 2026, UBS raised its target to USD 88.00 from USD 77.00, and on October 19, 2026, Barclays raised its target to USD 84.00 from USD 83.00.

Upcoming results arrive October 27

Freeport-McMoRan plans to release its third-quarter 2026 earnings before the market opens on October 27, 2026, followed by a conference call at 10:00 a.m. Eastern Time, according to the company release. The report will test whether the 830 million pounds of copper output translated into the USD 7.03 billion of quarterly revenue and USD 984 million of net income reported for the second quarter of 2026, figures also cited by MarketBeat.

Stock enters the results window

The market discussion therefore combines stronger analyst targets with operating execution and cost control. The October 27 report is the next concrete test for revenue, earnings and the Grasberg recovery schedule.

Freeport-McMoRan was trading at EUR 59.04 at Lang & Schwarz on October 26, 2026, at 11:15 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Freeport-McMoRan stock.