BUZZ-Citigroup raises Freeport-McMoRan PT on higher copper prices
Reuters
Jan 12
BUZZ-Citigroup raises Freeport-McMoRan PT on higher copper prices
** Brokerage Citigroup raises PT on copper miner Freeport-McMoRan FCX.N to $67 from $48
** New PT represents an upside of 18.5% to stock's last close
** Brokerage expects miner's fourth-quarter earnings to be positive, helped by rising copper prices; estimates quarterly core profit at $1.2 billion
** Adds results could also be a little volatile given the Grasberg closure and re-start
** In 2025, FCX gained 34%
(Reporting by Pranav Mathur in Bengaluru)
((Pranav.Mathur@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.