09:05 AM EDT, 07/25/2025 (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 raise our target price by $1 to $58, using an EV/EBITDA of 7.1x our 2026 EBITDA estimate, in line with FCX's three-year avg. forward EV/EBITDA and a discount to peers, which are trading at an avg. forward EV/EBITDA of 7.8x. We raise our 2025 EPS estimate by $0.11 to $1.92 and our 2026 EPS forecast by $0.46 to $2.76. FCX posted Q2 adj. EPS of $0.54 vs. $0.46, $0.09 above consensus, on a top-line beat of 5.4%. The new 50% U.S. copper tariff creates a significant price premium for FCX's domestic production. This policy acts as a powerful, direct catalyst for margin expansion and cash flow, projected to approach $8 billion in 2025 and $9.5 billion in 2026. We think FCX has a fortress balance sheet, and this financial strength fully funds a pipeline of high-return organic growth projects and underpins a robust shareholder return program that has already delivered over $5.2 billion since mid-2021. We remain bullish on copper prices, and FCX offers top-tier leverage to copper prices.