New Buy Rating for Freeport-McMoRan (FCX), the Basic Materials Giant
Morgan Stanley analyst Carlos De Alba maintained a Buy rating on Freeport-McMoRan today and set a price target of $70.00.
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De Alba covers the Basic Materials sector, focusing on stocks such as Alcoa, Freeport-McMoRan, and Nucor. According to TipRanks, De Alba has an average return of 17.0% and a 57.96% success rate on recommended stocks.
In addition to Morgan Stanley, Freeport-McMoRan also received a Buy from TipRanks – xAI’s xAi Copper in a report issued today. However, on April 7, RBC Capital maintained a Hold rating on Freeport-McMoRan (NYSE: FCX).
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.
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