Freeport-McMoRan Target Raised to $78 as Institutional Interest Grows

BMO Capital Markets increased its price target for Freeport-McMoRan from $68 to $78. The firm maintained its outperform rating on the copper and gold producer.

Institutional investment in the company is rising. Friedenthal Financial recently acquired a new stake in the firm.

Freeport-McMoRan declared a quarterly cash dividend of $0.15 per share. This payout reinforces the company's commitment to shareholder returns.