With a short percentage of shares outstanding of 1.94%, Freeport-McMoRan Inc. (NYSE:FCX) is among the 9 Best Silver and Copper Stocks to Buy for the EV Transition.
On May 21, Daniel Major, analyst of UBS, raised the firm’s price target on Freeport-McMoRan Inc. (NYSE:FCX) to $75 from $74 while maintaining a Buy rating on the shares
On May 15, Deutsche Bank raised its price target on Freeport-McMoRan Inc. (NYSE:FCX) to $72 from $58 and reiterated a Buy rating on the stock, reflecting increasing confidence in the company’s long-term earnings and commodity market outlook. Freeport-McMoRan Inc. (NYSE:FCX) was founded in 1912 as Freeport Sulphur. Headquartered in Phoenix, the company is a publicly traded copper producer and plays a significant role in the global electric vehicle transition through its supply of critical raw materials used in electrification and energy infrastructure.
Freeport-McMoRan remains well-positioned to benefit from rising long-term demand for copper driven by electric vehicles, renewable energy infrastructure, and global electrification trends. The recent analyst price target increases and continued Buy ratings reflect growing confidence in the company’s strategic importance within the energy transition and its ability to capitalize on favorable commodity market conditions, placing it among the best silver and copper stocks to buy for the EV transition. While we acknowledge the potential of FCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.