Barclays sets USD 84 target for Freeport-McMoRan stock

Published on 10/26/2026 at 16:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 7.03 billion on June 30, 2026. Freeport-McMoRan stock costs EUR 58.47 intraday on October 26, 2026 at Lang & Schwarz.

Analyst target and quarterly figures

Barclays set a USD 84.00 target and maintained a Buy rating on October 19, 2026.
Second-quarter revenue reached USD 7.03 billion, while net profit was USD 984.00 million.
Freeport-McMoRan stock costs EUR 58.47 at Lang & Schwarz on October 26, 2026 at 4:30 p.m. CEST.
MarketBeat cited October 27, 2026 as the next results date.

Freeport-McMoRan, US35671D8570, Illustration mit AI erstellt.

Freeport-McMoRan (ISIN US35671D8570) received a USD 84.00 price target from Barclays on October 19, 2026, while the firm maintained a Buy rating, according to Markets Insider. The stock was trading at EUR 58.47 at Lang & Schwarz on October 26, 2026 at 4:30 p.m. CEST.

For investors, the target matters alongside the miner's latest operating figures. The next earnings date also gives the market a near-term checkpoint.

Quarterly revenue reached USD 7.03 billion

For the quarter ended June 30, 2026, Freeport-McMoRan reported revenue of USD 7.03 billion and net profit of USD 984.00 million. The comparable quarter a year earlier produced USD 7.58 billion in revenue and USD 772.00 million in net profit, according to Markets Insider.

MarketBeat reported quarterly earnings per share of USD 0.74 against a USD 0.62 consensus estimate for the same period. Revenue was down 7.30 percent year over year, which puts the earnings comparison in a more mixed frame, according to MarketBeat.

USD 65.39 keeps the range wide

On the NYSE, Freeport-McMoRan was trading at USD 65.39 on October 26, 2026 at 11:31 a.m. ET. The stock's 52-week range was USD 38.54 to USD 80.24, while its market capitalization stood at USD 94.0 billion and its price-to-earnings ratio was 32.04.

The current NYSE price sits 18.51 percent below the 52-week high and 69.67 percent above the 52-week low. At Lang & Schwarz, the euro quotation provides the German-market view, while the NYSE quotation keeps the company's home-market valuation in its original currency.

Results date comes next

MarketBeat said Erste Group Bank raised its fiscal 2026 earnings-per-share estimate to USD 3.19 from USD 3.10 in an October 21, 2026 research note and retained a Buy rating. The report also cited a USD 2.99 consensus estimate, giving the forecast a quantified comparison.

MarketBeat cited October 27, 2026 as the date for the next results. It also reported a quarterly dividend of USD 0.0750, scheduled for payment on November 2, 2026, with a 0.50 percent yield.

Mining profile and market position

Freeport-McMoRan describes its strategy as focused on copper and operates copper assets across North America, South America and Indonesia, according to Freeport-McMoRan. Its portfolio also includes gold and molybdenum production, leaving quarterly results sensitive to both output and metal pricing.

At Lang & Schwarz, Freeport-McMoRan was trading at EUR 58.47 on October 26, 2026 at 4:30 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Freeport-McMoRan stock.