Citigroup raises Freeport-McMoRan PT on higher copper prices
ReutersJan 12, 2026 1:03 PM
Brokerage Citigroup raises PT on copper miner Freeport-McMoRan FCX.N to $67 from $48
New PT represents an upside of 18.5% to stock's last close
Brokerage expects miner's fourth-quarter earnings to be positive, helped by rising copper prices; estimates quarterly core profit at $1.2 billion
Adds results could also be a little volatile given the Grasberg closure and re-start
In 2025, FCX gained 34%
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