03:00 AM EDT, 10/28/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target by $4 to $44, on an EV/EBITDA of 7.1x our 2026 EBITDA estimate, in line with FCX's three-year avg. forward EV/EBITDA. We raise our 2025 EPS estimate by $0.06 to $1.57 and keep 2026 at $1.59. The tragic mud rush incident at the Grasberg Block Cave mine resulted in seven fatalities and temporary suspension of Indonesia operations, reducing Q3 production by 90 million pounds of copper and 80 thousand ounces of gold. We expect minimal Q4 contribution from Indonesia operations. FCX plans a phased restart of unaffected Big Gossan and DMLZ underground mines in Q4, followed by gradual ramp-up of Grasberg Block Cave operations during 2026. We think the potential 2026 production reduction from Indonesia could approximate 35% of pre-incident estimates (1.7 billion pounds copper, 1.6 million ounces gold). While the Indonesia incident creates near-term production challenges, FCX's diversified portfolio, strong balance sheet, and long-term copper demand fundamentals support our Hold rating.