Freeport-McMoRan stock extends its rally on higher targets

Freeport-McMoRan stock (ISIN US35671D8570) closed at USD 70.84 on September 17, 2026, and MarketBeat said on September 21, 2026 that Royal Bank of Canada lifted its target to USD 85.00 from USD 73.00.

Targets move higher

That same MarketBeat update listed an average price target of USD 70.29 and an average rating of Moderate Buy, while Wells Fargo had raised its target to USD 70.00 from USD 68.00 and UBS to USD 77.00 from USD 75.00 earlier in the year. The group of analysts in the note consisted of one Strong Buy, 20 Buy and four Hold ratings.

Zacks said on September 17, 2026 that Freeport-McMoRan earned USD 0.73 per share in the latest quarter on revenue of USD 7.07 billion. Revenue was up 1.4 percent year over year in the consensus view cited by Zacks, and the same article said full-year expectations stood at USD 2.82 a share on revenue of USD 28.61 billion.

Price and profit backdrop

MarketBeat also cited the company's quarterly dividend of USD 0.075 per share and a 0.4 percent annualized yield, while the article put Freeport-McMoRan's market capitalization at USD 102.70 billion, its one-year low at USD 35.15 and its one-year high at USD 80.24. The same note said the stock opened at USD 71.52 and traded with a 50-day moving average of USD 68.63 and a 200-day moving average of USD 64.81.

Where the stock stands

For investors, the key point is the gap between the current quote and the top of the 52-week range: USD 70.84 sits below the USD 80.24 high but above the USD 35.15 low. The next reported earnings date was not stated in the available material.

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