JPMorgan Analyst Maintains an Overweight Rating on Freeport-McMoRan Inc. (FCX)

Freeport-McMoRan Inc. (NYSE:FCX) is among the 15 Best Performing Silver Stocks to Buy.

On January 8, 2025, TheFly reported that JPMorgan analyst Bill Peterson maintained an Overweight rating on the shares. It also lifted the price target for Freeport-McMoRan Inc. (NYSE:FCX) to $68 from $58. In a Q4 preview, the company modified ratings and goals for the North America base metals segment. Targets were raised in order to reflect better forward pricing. JPMorgan still prefers copper to aluminum, citing a declining currency and supply interruptions.

On January 13, 2026, Wells Fargo kept its Overweight rating and boosted its price objective for Freeport-McMoRan Inc. (NYSE:FCX) from $55 to $64. The company forecasts a year for copper and aluminum in 2026, noting restricted new supply in the first half of the year. Wells sees the possibility of midyear concessions during USMCA discussions, but it does not anticipate a reversal of Trump’s 50% tariffs on imported steel and aluminum. The corporation identified issues such as substitution and demandless recovery.

The stock is up by 54.98% in the past 12 months, as of January 22, 2026.

Freeport-McMoRan Inc. (NYSE:FCX) mines copper, gold, molybdenum, and silver.

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