Freeport-McMoRan stock: Barclays lifts target to USD 84.00 for stock

Published on 10/23/2026 at 16:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 7.03 billion. Freeport-McMoRan stock costs EUR 57.58 on October 23, 2026, down 5.61 percent versus Xetra.

Analyst target and earnings date

Barclays lifted its Freeport-McMoRan target to USD 84.00 on October 19, 2026.
Second-quarter revenue reached USD 7.03 billion, down 7.30 percent year over year.
Freeport-McMoRan stock costs EUR 57.58 at Lang & Schwarz on October 23, 2026 at 4:36 p.m. CEST, 5.61 percent below the Xetra close of October 22, 2026.
Third-quarter results are scheduled for October 27, 2026.

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Freeport-McMoRan (ISIN US35671D8570) received a higher Barclays target of USD 84.00 on October 19, 2026, up from USD 83.00, according to MarketBeat. Freeport-McMoRan was trading at EUR 57.58 at Lang & Schwarz on October 23, 2026 at 4:36 p.m. CEST, down 5.61 percent versus the Xetra close of October 22, 2026 at EUR 61.00.

Target rises as results approach

The Barclays target is 28.99 percent above the NYSE price of USD 65.12 at 10:45 a.m. ET on October 23, 2026. The target change keeps the analyst view constructive, but it does not alter the distinction between a research estimate and a traded market price.

Freeport-McMoRan reported USD 7.03 billion in revenue for the second quarter of 2026, down 7.30 percent from USD 7.58 billion in the second quarter of 2025. Net income attributable to common shareholders reached USD 984.00 million, up from USD 772.00 million a year earlier, while diluted earnings per share increased to USD 0.68 from USD 0.54, according to Markets Insider.

What comes before the next report?

Freeport-McMoRan is scheduled to publish third-quarter 2026 results before the market opens on October 27, 2026, according to Simply Wall St. The prior quarter provides a clear comparison point: revenue fell 7.30 percent year over year, while net income rose 27.46 percent and diluted earnings per share advanced 25.93 percent.

How does the stock compare?

Freeport-McMoRan had a market capitalization of USD 93.6 billion, a price-to-earnings ratio of 31.89 and a 52-week range of USD 38.54 to USD 80.24 as of October 23, 2026. The current NYSE price of USD 65.12 was 18.84 percent below the 52-week high and 69.02 percent above the low.

Southern Copper traded at USD 183.10 on October 23, 2026, with a price-to-earnings ratio of 23.97 and a market capitalization of USD 154.6 billion. Teck Resources traded at USD 59.03, with a price-to-earnings ratio of 16.24 and a market capitalization of USD 28.5 billion. Both figures were intraday values at 10:45 a.m. ET.

Freeport-McMoRan stock stays below its Xetra close

The euro quotation stood at EUR 57.58 at Lang & Schwarz on October 23, 2026 at 4:36 p.m. CEST, 5.61 percent below the Xetra close of October 22, 2026 at EUR 61.00. On the NYSE, the stock was trading at USD 65.12 on October 23, 2026 at 10:45 a.m. ET. The further course of trading is shown by the continuously updated real-time quote of Freeport-McMoRan stock.