Freeport-McMoRan (NYSE:FCX) Price Target Raised to $69.00

Freeport-McMoRan (NYSE:FCX) had its target price boosted by HSBC from $48.00 to $69.00 in a research report released on Tuesday morning,MarketScreener reports. They currently have a buy rating on the natural resource company’s stock.

Several other research analysts have also recently weighed in on FCX. Raymond James Financial increased their price objective on Freeport-McMoRan from $53.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Wall Street Zen lowered shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Freeport-McMoRan in a research report on Wednesday, November 26th. CICC Research decreased their target price on shares of Freeport-McMoRan from $51.60 to $42.30 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Finally, Clarkson Capital upgraded shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Wednesday, November 19th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $55.30.

Freeport-McMoRan Stock Performance

Shares of FCX stock opened at $58.89 on Tuesday. Freeport-McMoRan has a 52 week low of $27.66 and a 52 week high of $62.13. The company has a market capitalization of $84.56 billion, a price-to-earnings ratio of 41.47, a PEG ratio of 0.71 and a beta of 1.45. The company has a 50-day simple moving average of $49.37 and a 200 day simple moving average of $44.91. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 2.45.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings data on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.19. Freeport-McMoRan had a net margin of 7.97% and a return on equity of 7.84%. The firm had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period last year, the business posted $0.31 earnings per share. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, sell-side analysts predict that Freeport-McMoRan will post 1.68 earnings per share for the current year.

Freeport-McMoRan Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be paid a dividend of $0.075 per share. The ex-dividend date is Thursday, January 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 21.13%.

Insider Activity

In related news, CAO Ellie L. Mikes sold 9,572 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $47.66, for a total value of $456,201.52. Following the transaction, the chief accounting officer owned 38,761 shares in the company, valued at approximately $1,847,349.26. The trade was a 19.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Stephen T. Higgins sold 28,423 shares of the firm’s stock in a transaction that occurred 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 owned 105,294 shares of the company’s stock, valued at approximately $5,053,059.06. This trade represents a 21.26% decrease in their position. The SEC filing for this sale provides additional information. 0.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FCX. Leo Wealth LLC lifted its holdings in shares of Freeport-McMoRan by 2.5% in the 4th quarter. Leo Wealth LLC now owns 6,838 shares of the natural resource company’s stock worth $347,000 after purchasing an additional 170 shares during the last quarter. Iowa State Bank boosted its stake in shares of Freeport-McMoRan by 0.4% during the 4th quarter. Iowa State Bank now owns 49,059 shares of the natural resource company’s stock worth $2,492,000 after acquiring an additional 213 shares in the last quarter. Armstrong Advisory Group Inc. boosted its stake in shares of Freeport-McMoRan by 17.3% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,628 shares of the natural resource company’s stock worth $83,000 after acquiring an additional 240 shares in the last quarter. Portside Wealth Group LLC grew its holdings in shares of Freeport-McMoRan by 0.8% in the 2nd quarter. Portside Wealth Group LLC now owns 30,333 shares of the natural resource company’s stock worth $1,315,000 after acquiring an additional 245 shares during the last quarter. Finally, Hollencrest Capital Management raised its position in shares of Freeport-McMoRan by 0.6% during the second quarter. Hollencrest Capital Management now owns 45,133 shares of the natural resource company’s stock worth $1,957,000 after purchasing an additional 250 shares during the period. Institutional investors own 80.77% of the company’s stock.

Key Freeport-McMoRan News

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

• Positive Sentiment: Earnings beat: Freeport reported Q4 EPS of $0.47 (consensus ~$0.28) and revenue of ~$5.6–5.63B vs. estimates near $5.4B; net income rose ~48% year-over-year — a clear near-term earnings positive. Article Title
• Positive Sentiment: Commodity tailwind: higher copper and gold prices offset lower volumes, boosting profitability and helping the company beat consensus on profit. Article Title
• Positive Sentiment: Analyst support: HSBC raised its FCX price target sharply (from $48 to $69) and maintained a buy rating; several firms continue to rate FCX overweight/buy, which can sustain investor interest. Article Title
• Neutral Sentiment: Call & transcript available: management hosted the Q4 call and released the transcript/slides — useful for detail on volumes, guidance and capital allocation but not a new development by itself. Article Title
• Neutral Sentiment: Share-price context: FCX recently hit a 52‑week high amid the metals rally — this establishes a higher reference point that can magnify reactions to mixed news. Article Title
• Negative Sentiment: Guidance/volume cut: Freeport trimmed its 2026 copper sales outlook after Q4 volumes surprised, reducing near‑term production expectations — a drag on growth forecasts. Article Title
• Negative Sentiment: Operational headwinds: Q4 production was sharply lower due to the ongoing suspension at the Grasberg mine (operations disruption raises volume risk and margin pressure). Article Title

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.