Fintel reports that on February 13, 2026, Argus Research upgraded their outlook for Freeport-McMoRan (NYSE:FCX) from Hold to Buy.
Analyst Price Forecast Suggests 0.31% Upside
As of February 3, 2026, the average one-year price target for Freeport-McMoRan is $62.23/share. The forecasts range from a low of $28.09 to a high of $73.50. The average price target represents an increase of 0.31% from its latest reported closing price of $62.04 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Freeport-McMoRan is 27,218MM, an increase of 5.03%. The projected annual non-GAAP EPS is 2.48.
What is the Fund Sentiment?
There are 2,346 funds or institutions reporting positions in Freeport-McMoRan. This is an decrease of 118 owner(s) or 4.79% in the last quarter. Average portfolio weight of all funds dedicated to FCX is 0.37%, an increase of 1.12%. Total shares owned by institutions decreased in the last three months by 4.79% to 1,363,851K shares. 
The put/call ratio of FCX is 0.81, indicating a bullish outlook.
What are Other Shareholders Doing?
Fisher Asset Management holds 63,881K shares representing 4.45% ownership of the company. In its prior filing, the firm reported owning 63,258K shares , representing an increase of 0.97%. The firm increased its portfolio allocation in FCX by 23.32% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 46,194K shares representing 3.22% ownership of the company. In its prior filing, the firm reported owning 45,391K shares , representing an increase of 1.74%. The firm increased its portfolio allocation in FCX by 3.96% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 40,766K shares representing 2.84% ownership of the company. In its prior filing, the firm reported owning 39,930K shares , representing an increase of 2.05%. The firm increased its portfolio allocation in FCX by 3.85% over the last quarter.
Franklin Resources holds 37,354K shares representing 2.60% ownership of the company. In its prior filing, the firm reported owning 28,462K shares , representing an increase of 23.80%. The firm decreased its portfolio allocation in FCX by 73.21% over the last quarter.
Wellington Management Group Llp holds 36,495K shares representing 2.54% ownership of the company. In its prior filing, the firm reported owning 12,544K shares , representing an increase of 65.63%. The firm increased its portfolio allocation in FCX by 153.85% over the last quarter.
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