UBS recently issued a buy rating on FCX with a target price of $39.
Of course we all knew this already, but do all of us know that Freeport-McMoRan also has been a nifty dividend payer? FCX managed to boost dividends by 100% in the last 5 years. The recent increase moved the quarterly dividend to 31.25 cents from 25 cents. I expect the company to keep increasing its dividends as the global economy heats up. GL