Freeport-McMoRan (NYSE:FCX) Shares Down 1.2% – What’s Next?

Freeport-McMoRan Inc. (NYSE:FCX) dropped 1.2% during mid-day trading on Wednesday . The stock traded as low as $50.66 and last traded at $50.79. Approximately 8,742,197 shares traded hands during trading, a decline of 47% from the average daily volume of 16,369,425 shares. The stock had previously closed at $51.41.

Trending Headlines about Freeport-McMoRan

Here are the key news stories impacting Freeport-McMoRan this week:

• Positive Sentiment: Raymond James raised its price target on FCX to $53 and maintained an “outperform” rating, signaling analyst confidence in earnings and commodity exposure. Raymond James adjusts PT on Freeport-McMoRan to $53
• Positive Sentiment: Precious‑metals strength (silver surge) can be supportive for mining equities and commodity sentiment broadly, which tends to buoy FCX as a major copper/gold producer. Silver 10x’d the S&P 500 In 2025 And Refiner Stocks Could Be Next
• Positive Sentiment: Coverage noting rallies in gold, silver and copper highlights multiple ways investors can play the commodity upswing, reinforcing demand tailwinds for FCX products. Gold, Silver, and Copper Are Surging—Here Are 3 Smart Ways to Play It
• Neutral Sentiment: Local/regional coverage repeats national notices about the litigation deadline — adds awareness but no new company disclosures. FCX FINAL DEADLINE: ROSEN, NATIONAL INVESTOR RIGHTS COUNSEL
• Negative Sentiment: Multiple law firms (Schall, Faruqi & Faruqi, Rosen, Glancy, The Gross Firm, Bronstein Gewirtz & Grossman) have issued class‑action/lead‑plaintiff notices for alleged securities fraud covering Feb 15, 2022–Sep 24, 2025, with a Jan 12, 2026 lead‑plaintiff deadline — creating legal exposure and an overhang on the stock. Representative notice: FCX Investors Have Opportunity to Lead Freeport-McMoRan Inc. Securities Fraud Lawsuit
• Negative Sentiment: Faruqi & Faruqi reminder of the class action and lead‑plaintiff deadline emphasizes potential investor claims and attention from plaintiffs’ lawyers. Faruqi & Faruqi Announces Opportunity to Lead Class Action
• Negative Sentiment: Rosen Law Firm and other plaintiff firms’ filings increase the chance of consolidated litigation, potential discovery burdens, settlement risk and reputational damage which can pressure valuation. Example: FCX Deadline: ROSEN Law Firm lead plaintiff notice

Wall Street Analyst Weigh In

FCX has been the subject of a number of research analyst reports. Scotiabank raised shares of Freeport-McMoRan from a “sector perform” rating to a “sector outperform” rating and dropped their target price for the stock from $51.00 to $47.00 in a research note on Wednesday, November 19th. Wells Fargo & Company raised their price target on shares of Freeport-McMoRan from $47.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, December 23rd. Sanford C. Bernstein dropped their price objective on shares of Freeport-McMoRan from $48.50 to $45.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Freeport-McMoRan in a report on Wednesday, November 26th. Finally, Wall Street Zen cut Freeport-McMoRan from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $49.87.

Freeport-McMoRan Stock Down 1.2%

The firm’s 50-day simple moving average is $44.34 and its 200 day simple moving average is $43.38. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 2.45. The company has a market cap of $72.93 billion, a P/E ratio of 35.77, a PEG ratio of 1.15 and a beta of 1.45.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings data on Thursday, October 23rd. The natural resource company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. The business had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.74 billion. Freeport-McMoRan had a return on equity of 7.84% and a net margin of 7.97%.The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 earnings per share. On average, research analysts forecast that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.6%. Freeport-McMoRan’s dividend payout ratio is 21.13%.

Insider Buying and Selling

In other Freeport-McMoRan news, CAO Stephen T. Higgins sold 28,423 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $47.99, for a total value of $1,364,019.77. Following the sale, the chief accounting officer directly owned 105,294 shares in the company, valued at approximately $5,053,059.06. This trade represents a 21.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Ellie L. Mikes sold 9,572 shares of Freeport-McMoRan stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $47.66, for a total transaction of $456,201.52. Following the transaction, the chief accounting officer directly owned 38,761 shares in the company, valued at approximately $1,847,349.26. This represents a 19.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.75% of the company’s stock.

Institutional Trading of Freeport-McMoRan

Hedge funds have recently added to or reduced their stakes in the business. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Freeport-McMoRan in the third quarter worth about $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Freeport-McMoRan in the 2nd quarter valued at approximately $28,000. Salomon & Ludwin LLC increased its stake in Freeport-McMoRan by 1,962.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock worth $29,000 after purchasing an additional 687 shares in the last quarter. JPL Wealth Management LLC acquired a new stake in Freeport-McMoRan during the 3rd quarter worth approximately $33,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in Freeport-McMoRan in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 80.77% of the company’s stock.

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc is a U.S.-based natural resources company primarily engaged in the exploration, mining and processing of copper, gold and molybdenum. Its operations encompass large-scale open-pit and underground mining as well as associated concentrator and milling facilities. The company produces copper in the form of concentrates and cathodes, and also recovers gold and molybdenum as co-products; its business model includes exploration, development, mining, beneficiation and the sale of bulk commodities to smelters and industrial customers.

Freeport-McMoRan conducts operations and development activities across multiple geographies, with substantial assets in the Americas and Indonesia.