BMO raises target for Freeport-McMoRan stock from USD 78 to USD 85

Published on 10/02/2026 at 15:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue hit USD 7.03 billion versus USD 6.62 billion estimates. Freeport-McMoRan stock costs EUR 62.43 on October 2, 2026 versus EUR 61.65.

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Freeport-McMoRan (ISIN US35671D8570) received a higher BMO Capital Markets price target of USD 85.00, up from USD 78.00, according to MarketBeat on September 30, 2026. BMO retained an Outperform rating, making the target revision the clearest recent analyst signal for the copper producer.

BMO lifts the target to USD 85.00

The new target represents a USD 7.00 increase, or 8.97 percent versus the previous USD 78.00 target. MarketBeat also reported a consensus Moderate Buy rating and an average target of USD 71.69, putting BMO's view above that average.

The comparison matters because the analyst action arrived before the company's next reported quarter. It also gives investors a concrete benchmark separate from the euro quotation used by German market participants.

Second-quarter revenue reached USD 7.03 billion

Freeport-McMoRan reported USD 7.03 billion in revenue for the second quarter of 2026, versus USD 6.62 billion in consensus estimates, according to MarketBeat. Adjusted earnings per share came in at USD 0.74, above the USD 0.62 consensus, while revenue declined 7.30 percent from the same quarter a year earlier.

The earnings comparison is mixed rather than one-directional. Freeport-McMoRan exceeded estimates on both revenue and adjusted earnings per share, but the year-over-year revenue decline keeps operating growth central to the next results update.

Stock trades inside its yearly range

Freeport-McMoRan's market capitalization was USD 99.6 billion as of October 1, 2026. The stock's 52-week range was USD 38.19 to USD 80.24, leaving the market value below its yearly high while the BMO target sits above the latest primary-exchange quote context.

On October 2, 2026 at 3:14 p.m. CEST, the stock was trading at EUR 62.43 at Lang & Schwarz, up 1.27 percent versus the prior close of EUR 61.65 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Freeport-McMoRan stock.