Freeport-McMoRan (FCX) Receives a Hold from J.P. Morgan
In a report released yesterday, Bill Peterson from J.P. Morgan maintained a Hold rating on Freeport-McMoRan, with a price target of $68.00.
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Peterson covers the Basic Materials sector, focusing on stocks such as MP Materials, Nucor, and Steel Dynamics. According to TipRanks, Peterson has an average return of 2.8% and a 46.72% success rate on recommended stocks.
Currently, the analyst consensus on Freeport-McMoRan is a Strong Buy with an average price target of $68.64.
Based on Freeport-McMoRan’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.63 billion and a net profit of $406 million. In comparison, last year the company earned a revenue of $5.88 billion and had a net profit of $274 million
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FCX in relation to earlier this year. Most recently, in February 2026, Stephen T. Higgins, the EVP & CAO of FCX sold 29,654.00 shares for a total of $1,868,202.00.
Read More on FCX:
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- Wingstop upgraded, Wix downgraded: Wall Street’s top analyst calls
- Goldman Sachs starts Freeport-McMoRan at Buy, sees higher commodity prices
- Freeport-McMoRan initiated with a Buy at Goldman Sachs
- Bearish options flow identified in Freeport McMoRan with shares down 2.82%
