Pivotal-Point Tracking Freeport McMoRan (FCX): Copper Giant Benefits from Strong Quarterly Numbers and All-Clear in Grasberg – UBS Sees Price Target at $55!
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Freeport-McMoRan is a mining company focused on copper, molybdenum, and gold. On October 24, Freeport reported impressive numbers for Q3. The adjusted earnings per share were at $0.35, significantly above the expectations of $0.27. Revenue reached $5.82 billion, also above the estimated $5.65 billion. On November 18, 2025, Freeport-McMoRan announced plans to resume large-scale production in the Grasberg mining district in Indonesia after experiencing a severe incident (mudslide) in September. Additionally, on November 19, 2025, several analyst...
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