Freeport-McMoRan (NYSE:FCX) Stock Rating Upgraded by Wall Street Zen

Freeport-McMoRan (NYSE:FCX) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Friday.

A number of other analysts also recently issued reports on FCX. Royal Bank Of Canada lowered their price target on shares of Freeport-McMoRan from $54.00 to $48.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 1st. CICC Research lowered 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 note on Friday, September 26th. Weiss Ratings restated a “hold (c)” rating on shares of Freeport-McMoRan in a research report on Wednesday, October 8th. Sanford C. Bernstein cut Freeport-McMoRan from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $53.50 to $54.00 in a report on Friday. Finally, UBS Group increased their price target on Freeport-McMoRan from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.20.

Freeport-McMoRan Stock Up 2.7%

Freeport-McMoRan stock opened at $60.46 on Friday. The business’s 50-day moving average price is $49.78 and its 200 day moving average price is $45.00. The company has a quick ratio of 1.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.29. The firm has a market cap of $86.81 billion, a price-to-earnings ratio of 40.04, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45. Freeport-McMoRan has a 52 week low of $27.66 and a 52 week high of $62.13.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings data on Thursday, January 22nd. The natural resource company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.28 by $0.19. The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.42 billion. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS. As a group, sell-side analysts anticipate that Freeport-McMoRan will post 1.68 earnings per share for the current year.

Insider Activity at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Stephen T. Higgins sold 28,423 shares of the 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 owned 105,294 shares of the company’s stock, valued at $5,053,059.06. This represents a 21.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Ellie L. Mikes sold 9,572 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $47.66, for a total value of $456,201.52. Following the completion of the transaction, the chief accounting officer owned 38,761 shares in the company, valued at approximately $1,847,349.26. This trade represents a 19.80% 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.

Institutional Investors Weigh In On Freeport-McMoRan

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

Freeport-McMoRan News Summary

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

• Positive Sentiment: Q4 results beat consensus: FCX reported Q4 EPS above estimates and revenue topped expectations, driven by higher realized copper and gold prices which offset lower volumes. The company reiterated financial materials and hosted a conference call. MarketBeat Earnings Summary
• Positive Sentiment: Analyst upgrades and price targets lifted sentiment: recent upgrades and bullish targets helped push FCX to a new 12‑month high, supporting momentum in the stock. Analyst Upgrade/12‑Month High
• Positive Sentiment: Commodity tailwinds: rising copper and gold prices materially boosted profits in Q4 and underpin revenue upside potential for 2026, a key reason investors are favoring FCX as a leveraged way to play the metals rally. Reuters: Profit Beat, Commodity Impact
• Neutral Sentiment: Grasberg mine restart timeline: management said the Grasberg mine (Indonesia) is on track for a Q2 restart after the deadly mudslide — a positive operational milestone but still contains execution and permitting risks. MSN: Grasberg Restart
• Neutral Sentiment: Zacks/style coverage and valuation notes: Zacks flagged FCX as a top‑ranked value stock for certain investor styles, increasing visibility among value-focused funds. That can attract inflows but doesn’t change fundamentals. Zacks: Value Stock Callout
• Negative Sentiment: Volumes and guidance caveats: management trimmed 2026 copper sales volume guidance after Q4, and production was hurt in the quarter by the Grasberg suspension — factors that limit upside unless volumes recover. Investor’s Business Daily: Sales Outlook Trimmed
• Negative Sentiment: Operational and cash-flow pressures: while net income rose, gross and operating profit declined and operating cash flow fell year‑over‑year in Q4, highlighting cost and volume headwinds that could constrain margins if metal prices weaken. Yahoo Finance: Q4 Highlights
• Neutral Sentiment: Investor interest/longer-term performance: pieces on long‑term returns and valuation (e.g., Benzinga/MarketBeat articles) increase retail attention but are less likely to move the stock than fresh earnings/operational news. Benzinga: 5‑Year Returns

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.