Freeport-McMoRan (NYSE:FCX) Sets New 12-Month High Following Analyst Upgrade

Freeport-McMoRan Inc. (NYSE:FCX) shares reached a new 52-week high on Wednesday after HSBC raised their price target on the stock from $48.00 to $69.00. HSBC currently has a buy rating on the stock. Freeport-McMoRan traded as high as $61.60 and last traded at $61.4310, with a volume of 231330 shares trading hands. The stock had previously closed at $60.07.

Other equities research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Freeport-McMoRan in a research report on Wednesday, November 26th. Hsbc Global Res upgraded Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Wells Fargo & Company increased their price objective on Freeport-McMoRan from $55.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Wall Street Zen downgraded Freeport-McMoRan from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Dbs Bank decreased their price target on Freeport-McMoRan from $51.00 to $48.00 in a research report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $55.30.

Insider Activity

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 9,572 shares of Freeport-McMoRan stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $47.66, for a total transaction of $456,201.52. Following the completion of the sale, the chief accounting officer directly owned 38,761 shares in the company, valued at $1,847,349.26. The trade was a 19.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Stephen T. Higgins sold 28,423 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $47.99, for a total transaction of $1,364,019.77. Following the completion of the transaction, the chief accounting officer directly owned 105,294 shares of the company’s stock, valued at approximately $5,053,059.06. This represents a 21.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.75% of the stock is currently owned by insiders.

More 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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its holdings in shares of Freeport-McMoRan by 24.2% in the 4th quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company’s stock worth $564,000 after purchasing an additional 2,882 shares in the last quarter. Bison Wealth LLC lifted its position in Freeport-McMoRan by 5.6% in the 4th quarter. Bison Wealth LLC now owns 9,616 shares of the natural resource company’s stock worth $366,000 after buying an additional 507 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Freeport-McMoRan in the 2nd quarter worth approximately $560,000. Diversified Trust Co boosted its stake in Freeport-McMoRan by 7.7% in the second quarter. Diversified Trust Co now owns 6,931 shares of the natural resource company’s stock worth $300,000 after buying an additional 493 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in Freeport-McMoRan by 8.5% during the second quarter. Park Avenue Securities LLC now owns 29,346 shares of the natural resource company’s stock valued at $1,272,000 after acquiring an additional 2,291 shares during the last quarter. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Freeport-McMoRan Price Performance

The firm has a market capitalization of $84.56 billion, a P/E ratio of 41.47, a PEG ratio of 0.71 and a beta of 1.45. The business’s 50-day simple moving average is $49.37 and its 200 day simple moving average is $44.91. The company has a quick ratio of 1.19, a current ratio of 2.45 and a debt-to-equity ratio of 0.29.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings data on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.19. Freeport-McMoRan had a net margin of 7.97% and a return on equity of 7.84%. The company had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the prior year, the company earned $0.31 EPS. The firm’s revenue was down 1.5% on a year-over-year basis. Sell-side analysts forecast that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current year.

Freeport-McMoRan Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio is presently 21.13%.

About Freeport-McMoRan

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.