Rating Change
Wells Fargo reiterated its Overweight rating on Freeport-McMoRan Inc. (NYSE:FCX) on October 06, 2026.
reiterateNYSE:FCX
Wells Fargo Reiterates Overweight Rating on Freeport-McMoRan Inc. (FCX)
Wells Fargo reiterated its Overweight rating on Freeport-McMoRan Inc. (NYSE:FCX) on October 06, 2026.
At publication ·
What changed
Freeport-McMoRan Inc. (NYSE:FCX) · reiterate
- Firm
- Wells Fargo
- Rating
- Overweight to Overweight
- Price at event
- $72.57
- Market capitalization
- $69.1B
At a glance
Key takeaways
- Wells Fargo maintained an Overweight rating on Freeport-McMoRan (FCX) on October 6, 2026, with the stock trading at $72.57 and a market cap of $69.1 billion.
Market Context
Freeport-McMoRan Inc. operates in the Basic Materials sector. The stock currently trades at $72.57 with a market capitalization of $69.1B. The stock has gained 43.4% over the past 52 weeks.
Analyst coverage from Wells Fargo provides professional research and price targets that many institutional investors reference when making allocation decisions. The consensus of analyst opinions — along with the range of price targets — helps frame market expectations for Freeport-McMoRan Inc.
Analyst ratings and price targets are one input among many for investment decisions. Historical studies show that consensus analyst recommendations have mixed predictive power on their own, but significant changes in consensus — such as multiple upgrades or downgrades in a short period — can be more meaningful signals.
Recent Analyst Activity for Freeport-McMoRan Inc.
Among the 10 most recent ratings: 7 Buy, 3 Hold, 0 Sell.
| Date | Firm | Rating | Price Target |
|---|---|---|---|
| Oct 06, 2026 | Wells Fargo | Overweight | N/A |
| Oct 06, 2026 | Barclays | Overweight | N/A |
| Oct 05, 2026 | Citigroup | Buy | N/A |
| Sep 16, 2026 | RBC Capital | Sector Perform | N/A |
| Sep 09, 2026 | Bernstein | Market Perform | N/A |
Related Tools: Analyst Ratings Dashboard | View FCX Stock Page
Frequently Asked Questions
What does the Overweight rating mean for FCX?
A rating of Overweight from Wells Fargo reflects the analyst's outlook on Freeport-McMoRan Inc. (NYSE:FCX). Analyst ratings are one factor investors consider alongside earnings, valuation, and sector trends.
Where can I find more analyst ratings?
Browse recent upgrades and downgrades on our Analyst Ratings Dashboard or the FCX forecast page.
