Wall Street Has a Mixed Opinion on ​Freeport-McMoRan (FCX), Here's Why

​Freeport-McMoRan Inc. (NYSE:FCX) is one of the Best Long Term Stocks to Buy Under $50. Wall Street has a mixed opinion on Freeport-McMoRan Inc. (NYSE:FCX) even after the company topped revenue and EPS estimates during its fiscal second quarter of 2025.

​The company posted a revenue of $7.58 billion, up 14.46% year-over-year and ahead of consensus by $395.27 million. The EPS of $0.54 also topped estimates by $0.10. Management noted surpassing their copper and gold sale volumes. Moreover, the unit cash costs were also significantly lower than expected, driven by favorable copper prices in the US and strong global gold prices.

​Wall Street has a mixed opinion on Freeport-McMoRan Inc. (NYSE:FCX) despite the outperformance. On August 24, Bill Peterson from J.P. Morgan reiterated a Buy rating on the stock with a price target of $56. Later on September 9, Carlos De Alba from Morgan Stanley also reiterated a Buy rating on the stock with a price target of $48. However, on the same day, Sam Crittenden from RBC Capital reiterated a Hold rating on the stock with a price target of $54.

​Freeport-McMoRan Inc. (NYSE:FCX) is a global metals company focused primarily on mining copper. It operates major copper mines and processing facilities in North America, South America, and Indonesia.

While we acknowledge the potential of FCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.