UBS Rates Freeport-McMoRan (FCX) buy, $77 Price Target

UBS analyst Daniel Major maintains a buy rating on Freeport-McMoRan with a $77 price target, a 22.44% upside from the current price.

By TradeTexts Research Desk · Published Jun 30, 2026, 3:01 PM EDT · Updated Jul 1, 2026, 3:01 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

UBS rated Freeport-McMoRan Inc. ($FCX) "buy" with a $77 price target on June 30, 2026.

Since the rating, $FCX is down 5.7% after 1 week, up 1.1% after 1 month and up 11.1% to date (from the $62.60 close on Jun 30, 2026).

FCX Freeport-McMoRan Inc.

$69.54 +35.16% year to date

Daily close · Oct 16, 2026

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.

Get $FCX trade alerts by text

We text you when insiders, Congress or big funds trade $FCX. Free.

Not investment advice. TradeTexts is not a registered investment adviser, and this automated Freeport-McMoRan Inc. alert may contain errors. Disclosures

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.

Analyst rating track record

UBS vs. the S&P 500

YTD return +9.94% hypothetical

All-time return +26.37% S&P 500 +26.11%

vs. S&P 500 +0.26% ahead of the index

Hypothetical returns from UBS's disclosed trades, not real profit or advice. How we model this.

Freeport-McMoRan Inc. Stock Down 9.5%

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.

12-month forecast

$FCX price target

Freeport-McMoRan Inc. daily closes and this analyst's $77 target. Not 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.