Freeport-McMoRan Inc. (NYSE:FCX) is one of the
15 High Growth Stocks to Buy and Hold for the Next Decade.
On May 21, 2026, Barclays initiated coverage of Freeport-McMoRan Inc. (NYSE:FCX) with an Overweight rating and a $77 price target. Barclays analyst Richard Garchitorena said investments in “transformative” technologies and higher trade barriers are driving renewed growth across metals and mining. Garchitorena cited copper, rare earths, and uranium as key beneficiaries of that backdrop, while naming Freeport-McMoRan (FCX), Steel Dynamics (STLD), and MP Materials (MP) as the firm’s preferred stock ideas. Barclays also expects copper demand to outpace supply through the end of the decade and sees steel prices continuing to move higher in 2026.
Meanwhile, UBS analyst Daniel Major raised the firm’s price target on Freeport-McMoRan Inc. (NYSE:FCX) to $75 from $74 and maintained a Buy rating on the shares.
Last month, Freeport-McMoRan Inc. (NYSE:FCX) reported Q1 adjusted EPS of 57c, ahead of the consensus estimate of 47c. Revenue totaled $6.23B, above the consensus estimate of $5.96B. President and CEO Kathleen Quirk said the results reflected the strength of the company’s “diversified portfolio,” with revenue, cash flow, and earnings growth compared with the prior-year quarter despite reduced capacity at its Indonesia operations. Quirk added that Freeport is focused on restoring operations at Grasberg, improving profitability in the Americas, and pursuing organic growth options, while calling the company “America’s Copper Champion.”
Freeport-McMoRan Inc. (NYSE:FCX) engages in the mining of mineral properties in North America, South America, and Indonesia.
While we acknowledge the potential of FCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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