Barclays raises target for Freeport-McMoRan stock to USD 84.00

Published on 10/27/2026 at 17:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 7.55 billion in the third quarter, while net income was USD 1.17 billion. Freeport-McMoRan stock costs EUR 59.03 on October 27, 2026.

Analyst target and earnings

Barclays raised its Freeport-McMoRan target from USD 83.00 to USD 84.00 on October 19, 2026.
Third-quarter 2026 revenue reached USD 7.55 billion, up from USD 6.97 billion a year earlier.
Freeport-McMoRan stock costs EUR 59.03 at Lang & Schwarz on October 27, 2026.
Net income attributable to common stock reached USD 1.17 billion in the third quarter of 2026.

Freeport-McMoRan, US35671D8570, Illustration mit AI erstellt.

Barclays raised its price target for Freeport-McMoRan from USD 83.00 to USD 84.00 on October 19, 2026, while maintaining an overweight rating, according to MarketBeat. Freeport-McMoRan stock was trading at EUR 59.03 at Lang & Schwarz on October 27, 2026 at 5:53 p.m. CEST.

Barclays sets an USD 84.00 target

The new target is USD 1.00 above Barclays' previous level, an increase of 1.20 percent. Against Freeport-McMoRan's USD 65.81 NYSE price at 12:56 p.m. EDT on October 27, 2026, the target implies 27.56 percent upside.

Price position spans USD 38.54 to USD 80.24

The NYSE quote stood at USD 65.81 on October 27, 2026, with a market capitalization of USD 94.6 billion and volume of 6,378,792 shares. The 52-week range ran from USD 38.54 to USD 80.24, placing the stock USD 14.43 below its high and USD 27.27 above its low.

Third-quarter revenue reached USD 7.55 billion

Freeport-McMoRan reported third-quarter 2026 revenue of USD 7.55 billion, compared with USD 6.97 billion in the third quarter of 2025. Net income attributable to common stock rose to USD 1.17 billion from USD 674 million, while diluted earnings per share reached USD 0.81 versus USD 0.46 a year earlier, according to the company's Freeport-McMoRan release dated October 27, 2026.

Adjusted net income reached USD 1.3 billion, or USD 0.88 per share, after USD 101 million of after-tax charges tied primarily to idle facilities and restoration costs. Copper sales totaled 749 million pounds in the quarter, while consolidated production reached 832 million pounds.

Target and earnings frame the stock

For investors, the analyst target and the earnings comparison offer two distinct reference points. The target sits above the current NYSE quote, while third-quarter revenue and profit both exceeded the year-earlier figures.

The further course of trading is shown by the continuously updated real-time quote of Freeport-McMoRan stock.