Analysts Adjust Price Targets for Freeport-McMoRan Following Recent Quarterly Reporting
Several financial institutions, including UBS, Wells Fargo, and Goldman Sachs, updated their price targets for Freeport-McMoRan on October 28, 2026.
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Wells Fargo and Goldman Sachs Adjust Price Targets on Freeport-McMoRan
Financial institutions Wells Fargo and Goldman Sachs updated their price targets for Freeport-McMoRan Inc. on October 28, 2026.
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Company News for Oct 28, 2026
Several major companies reported third-quarter 2026 earnings with mixed results. PayPal beat expectations with $1.45 EPS, UPS surged on $1.69 EPS, and Freeport-McMoRan rose on $0.88 EPS. However, Boeing plunged after reporting a wider-than-expected loss of $0.34 per share.
Compared to Estimates, Freeport-McMoRan (FCX) Q3 Earnings: A Look at Key Metrics
Freeport-McMoRan reported Q3 2026 revenue of $7.55 billion, up 8.2% year-over-year and beating consensus estimates by 6.48%. EPS of $0.88 exceeded the $0.80 estimate by 10%. The company showed mixed operational performance across segments, with strong results in South America operations (+41.7% YoY revenue) and Atlantic Copper Smelting (+61.9% YoY), but weaker molybdenum revenues. The stock has underperformed the broader market, down 9.5% over the past month.