Morgan Stanley Downgrades Freeport-McMoRan: Is the Copper Story Breaking Down at Grasberg? [Yahoo! Finance]
Freeport-McMoRan, Inc. (FCX)
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am
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Source: Yahoo! Finance
execution delays and higher costs at Grasberg that will weigh on shares through 2027. Freeport-McMoRan's Grasberg mine in Indonesia is recovering more slowly than expected following a September 2025 incident, pushing production recovery to late 2027 and creating near-term margin pressure despite intact long-term copper demand from electrification and AI data center buildouts. The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE Morgan Stanley downgraded Freeport-McMoRan NYSE:FCX ) to Equal Weight from Overweight and cut its price target to $66 from $70, pointing to a slower production ramp at the company's Grasberg Block Cave mine in Indonesia. The analyst downgrade lands one day after FCX posted a Q1 2026 earnings beat ($0.57 adjusted EPS vs. $0.47 expected; $6.23 billion revenue vs. $5.96 billion) that was overshadowed by sharply reduced full-year guidance. For long-term copper bulls, the question is whether this is a temporary pause or a
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FCX
News
- Freeport-McMoRan: Less Copper Supply Isn't All Bad [Seeking Alpha]Seeking Alpha
- Is Freeport-McMoRan (FCX) Pricing Fully Reflects Recent Copper Optimism And Share Volatility [Yahoo! Finance]Yahoo! Finance
- Freeport-McMoRan (FCX) had its price target raised by UBS Group AG from $66.00 to $74.00. They now have a "buy" rating on the stock.MarketBeat
- Freeport-McMoRan (FCX) had its price target lowered by Wells Fargo & Company from $77.00 to $68.00. They now have an "overweight" rating on the stock.MarketBeat
- Freeport-McMoRan (FCX) had its price target lowered by Scotiabank from $71.00 to $67.00. They now have a "sector perform" rating on the stock.MarketBeat
FCX
Earnings
- 4/23/26 - Beat
FCX
Sec Filings
- 4/23/26 - Form DEFA14A
- 4/23/26 - Form DEF
- 4/23/26 - Form ARS
- FCX's page on the SEC website