On July 9, Freeport-McMoRan rose 3.13% in regular trading, trading at $59.58/share, with turnover of $120 million. The stock rebounded after two consecutive sessions of sharp declines, having fallen 3.3% on July 7 and 3.03% on July 8.

On the news front, BofA Securities raised its price target on Freeport-McMoRan from $74 to $80, maintaining an overweight rating. UBS also recently adjusted its target to $77 from $75 while keeping a buy rating. According to FactSet, the stock carries an average analyst target price of $72.76 with a consensus overweight rating. Separately, Goldman Sachs made a minor adjustment, trimming its target to $74 from $75, while BNP Paribas lowered its target to $79 from $82.

The broader copper sector staged a collective rebound, with TREKOR METALS up 4.64%, Ero Copper up 3.48%, and Southern Copper up 3.46%, reflecting an overall recovery in industry sentiment following recent selling pressure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)