This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Morgan Stanley Remains a Hold on Freeport-McMoRan (FCX)

Tipranks - Tipranks - Thu Jul 9, 5:10AM CDT

In a report released today, Carlos De Alba from Morgan Stanley maintained a Hold rating on Freeport-McMoRan, with a price target of $70.00.

55% Off TipRanks

De Alba covers the Basic Materials sector, focusing on stocks such as Freeport-McMoRan, Alcoa, and Ramaco Resources. According to TipRanks, De Alba has an average return of 16.1% and a 57.14% success rate on recommended stocks.

Currently, the analyst consensus on Freeport-McMoRan is a Strong Buy with an average price target of $71.83.

See the top stocks recommended by analysts >>

Based on Freeport-McMoRan’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $6.23 billion and a net profit of $881 million. In comparison, last year the company earned a revenue of $5.55 billion and had a net profit of $346 million

Read More on FCX:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).