Freeport-McMoRan stock tags new high as Wall Street lifts targets on copper, with earnings next
Freeport-McMoRan shares closed up 1.1% at $59.34 Tuesday after hitting a new 52-week high, with about 22 million shares traded. Wells Fargo and Citi raised their price targets on FCX, citing copper supply trends and operational outlooks. Investors are watching the Jan. 15 dividend record date and the Jan. 22 Q4 earnings call. Copper prices on the LME remain near monthly highs despite a slight dip.