Bank of America Issues Positive Forecast for Freeport-McMoRan (NYSE:FCX) Stock Price

NodeGuardian · 2026-03-10T06:27:35+00:00

Bank of America raised Freeport-McMoRan's price target to $81, indicating a 19.6% upside and maintaining a "buy" rating. Other firms echo this sentiment, giving it a "Moderate Buy" consensus, despite significant recent insider selling.

NodeGuardian

2026-03-10 06:27:35

Abstract generation in progress

Bank of America has raised its price target for Freeport-McMoRan (NYSE:FCX) to $81 from $68, maintaining a “buy” rating and suggesting a 19.6% upside. This positive forecast aligns with other firms like Jefferies, HSBC, and Argus, who also recently upgraded their ratings or targets for the natural resource company, leading to a consensus “Moderate Buy” rating among analysts. Despite positive analyst sentiment, there has been notable insider selling, with executives offloading over $37 million worth of shares in the last three months.

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