Freeport-McMoRan stock: Barclays sets a USD 84.00 target for Freeport-McMoRan stock

Published on 10/20/2026 at 16:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Freeport-McMoRan reports October 27, 2026 results. Freeport-McMoRan stock costs EUR 60.29 on October 20, 2026 at 4:01 p.m. CEST.

Analyst target and reporting date

Barclays maintained its Buy rating and set an USD 84.00 target on October 19, 2026.
Freeport-McMoRan reported USD 7.03 billion in second-quarter 2026 revenue and USD 984.0 million in net income.
Freeport-McMoRan stock costs EUR 60.29 at Lang & Schwarz on October 20, 2026 at 4:01 p.m. CEST.
Freeport-McMoRan plans to publish third-quarter 2026 results on October 27, 2026.

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Barclays maintained its Buy rating on Freeport-McMoRan and set an USD 84.00 price target on October 19, 2026, according to Markets Insider. At Lang & Schwarz, the stock was EUR 60.29 on October 20, 2026 at 4:01 p.m. CEST.

Barclays target leaves room

The USD 84.00 target is 23.80 percent above Freeport-McMoRan's NYSE price of USD 67.85 at 10:04 a.m. EDT on October 20, 2026. The target followed a series of recent revisions, including UBS at USD 88.00 and JPMorgan at USD 92.00, but those earlier actions are not the focus of this report.

Freeport-McMoRan's second-quarter 2026 revenue reached USD 7.03 billion, down from USD 7.58 billion a year earlier, while net income attributable to common shareholders rose to USD 984.0 million from USD 772.0 million. These figures were reported by Markets Insider for the quarter ended June 30, 2026.

How does the price compare?

On the NYSE, Freeport-McMoRan traded at USD 67.85, down 2.72 percent from USD 69.75, with 1,816,206 shares changing hands at 10:04 a.m. EDT on October 20, 2026. Its 52-week range was USD 38.54 to USD 80.24, placing the stock 15.45 percent below its high and 76.32 percent above its low.

Valuation and the next date

Freeport-McMoRan had a market capitalization of USD 97.5 billion, a price-to-earnings ratio of 33.25 and a dividend yield of 0.01 percent on October 20, 2026. The company plans to release third-quarter 2026 results before the NYSE opens on October 27, 2026, according to its Freeport-McMoRan release.

Comparison with peers

On October 20, 2026 at 10:04 a.m. EDT, Freeport-McMoRan stood at USD 67.85, down 2.72 percent, with a price-to-earnings ratio of 33.25 and a market capitalization of USD 97.5 billion.

Southern Copper (NYSE, USD): down 1.38 percent, price-to-earnings ratio 29.08, market capitalization USD 168.0 billion. Teck Resources (NYSE, USD): down 0.25 percent, price-to-earnings ratio 17.52, market capitalization USD 30.6 billion. The comparison uses October 20, 2026 quotes at about 10:04 a.m. EDT.

What investors can track next

The October 27 report will put the second-quarter revenue decline beside the stronger net income result. The USD 84.00 Barclays target and the USD 80.24 52-week high provide two separate levels for judging how the market values the copper producer.

Freeport-McMoRan was trading at EUR 60.29 at Lang & Schwarz on October 20, 2026 at 4:01 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Freeport-McMoRan stock.