JPMorgan Analyst Maintains an Overweight Rating on Freeport-McMoRan Inc. (FCX)

Core Viewpoint - Freeport-McMoRan Inc. (NYSE:FCX) is recognized as one of the best-performing silver stocks, with analysts maintaining positive ratings and increasing price targets based on favorable market conditions for copper and aluminum [1][2][3]. Group 1: Analyst Ratings and Price Targets - JPMorgan analyst Bill Peterson has maintained an Overweight rating on Freeport-McMoRan Inc. and raised the price target from $58 to $68, reflecting improved forward pricing in the North America base metals segment [2]. - Wells Fargo also kept its Overweight rating and increased its price objective for Freeport-McMoRan from $55 to $64, anticipating a strong year for copper and aluminum in 2026 due to restricted new supply [3]. Group 2: Stock Performance - Freeport-McMoRan's stock has increased by 54.98% over the past 12 months as of January 22, 2026, indicating strong market performance [4]. Group 3: Market Insights - Analysts prefer copper over aluminum due to factors such as a declining currency and supply interruptions, which may impact pricing and demand dynamics in the metals market [2]. - The company is expected to face challenges such as substitution and demand recovery issues, particularly in the context of ongoing USMCA discussions and tariffs on imported steel and aluminum [3].