Due to strong hedge fund interest, Freeport-McMoRan Inc. (NYSE:FCX) is among the 11 Best Mineral Stocks to Buy According to Hedge Funds.

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Several analysts have raised their price target on Freeport-McMoRan Inc. (NYSE:FCX), amid a mixed outlook for copper.

On July 15, 2025, Morgan Stanley increased its price target on FCX from $45 to $54. However, it downgraded its rating from ‘Equal Weight’ to ‘Overweight’. The analyst attributed the downgrade to a weaker outlook on copper equities following their recent outperformance over the past few months.

Meanwhile, on July 11, 2025, UBS downgraded Freeport-McMoRan Inc. (NYSE:FCX) from ‘Buy’ to ‘Neutral’ and raised its price target from $45 to $50. The analyst expects demand to soften in the near future, with fundamentals potentially driving prices down over the next six months.

Furthermore, on July 9, 2025, JPMorgan, maintaining an ‘Overweight’ rating on Freeport-McMoRan Inc. (NYSE:FCX), increased its price target from $42 to $56, citing higher copper price targets and easing recession risk.

Headquartered in Phoenix, Arizona, Freeport-McMoRan Inc. (NYSE:FCX) runs mineral mining operations in North America, South America, and Indonesia, exploring for copper, gold, molybdenum, silver, and other metals. It is included in our list of the Best Material Stocks.

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