Materials Stocks Break Out as Old Economy Meets the Future

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Jefferies on Freeport-McMoRan (FCX): 'we do expect Grasberg to get back to full capacity by the end of 2027'

January 22, 2026 10:31 AM EST

Jefferies analyst Christopher LaFemina reiterated a Buy rating and $68.00 price target on Freeport-McMoRan (NYSE: FCX).

The analyst comments "Our Call: While there is of course some risk to the timing of recovery to full production, we do expect Grasberg to... More