Stifel Nicolaus began coverage on shares of Freeport-McMoRan in a research report on Wednesday, July 9th. They set a "buy" rating and a $56.00 price objective for the company. Finally, UBS Group cut shares of Freeport-McMoRan from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $45.00 to $50.00 in a research report on Friday, July 11th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $51.33.