Stocks · News reference
Several financial institutions, including UBS, Wells Fargo, and Goldman Sachs, updated their price targets for Freeport-McMoRan on October 28, 2026.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
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.
Financial institutions Wells Fargo and Goldman Sachs updated their price targets for Freeport-McMoRan Inc. on October 28, 2026.
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.