Freeport-McMoRan (NYSE:FCX) Stock Price Expected to Rise, CICC Research Analyst Says

Freeport-McMoRan (NYSE:FCX) had its target price upped by research analysts at CICC Research from $50.40 to $64.40 in a report issued on Monday,MarketScreener reports. The firm currently has an “outperform” rating on the natural resource company’s stock. CICC Research’s price objective indicates a potential upside of 2.43% from the stock’s previous close.

Several other brokerages also recently commented on FCX. Morgan Stanley reaffirmed an “overweight” rating and issued a $53.00 target price on shares of Freeport-McMoRan in a research note on Monday, December 15th. HSBC upped their price objective on shares of Freeport-McMoRan from $48.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Sanford C. Bernstein cut Freeport-McMoRan from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $53.50 to $54.00 in a research note on Friday. UBS Group upped their price target on Freeport-McMoRan from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday. Finally, Scotiabank lifted their price objective on Freeport-McMoRan from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Freeport-McMoRan has an average rating of “Moderate Buy” and a consensus target price of $58.40.

Freeport-McMoRan Trading Up 2.8%

Shares of FCX opened at $62.87 on Monday. Freeport-McMoRan has a fifty-two week low of $27.66 and a fifty-two week high of $63.58. The firm has a market cap of $90.28 billion, a price-to-earnings ratio of 41.64, a PEG ratio of 0.72 and a beta of 1.45. The firm has a 50 day moving average price of $50.68 and a 200-day moving average price of $45.22. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 2.29.

Freeport-McMoRan (NYSE:FCX) last released its earnings results on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.19. The company had revenue of $5.63 billion during 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%.Freeport-McMoRan’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 EPS. As a group, equities research analysts forecast that Freeport-McMoRan will post 1.68 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Stephen T. Higgins sold 28,423 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $47.99, for a total transaction of $1,364,019.77. Following the completion of the sale, the chief accounting officer directly owned 105,294 shares of the company’s stock, valued at approximately $5,053,059.06. The trade was a 21.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Ellie L. Mikes sold 9,572 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $47.66, for a total transaction of $456,201.52. Following the completion of the transaction, the chief accounting officer directly owned 38,761 shares in the company, valued at $1,847,349.26. This represents a 19.80% decrease in their position. The SEC filing for this sale provides additional information. 0.79% of the stock is currently owned by insiders.

Institutional Trading of Freeport-McMoRan

Institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP increased its holdings in Freeport-McMoRan by 190.9% during the 3rd quarter. Wellington Management Group LLP now owns 36,494,793 shares of the natural resource company’s stock worth $1,431,326,000 after purchasing an additional 23,950,557 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Freeport-McMoRan by 89.4% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,569,169 shares of the natural resource company’s stock worth $761,623,000 after buying an additional 8,292,873 shares in the last quarter. Mizuho Markets Cayman LP purchased a new position in shares of Freeport-McMoRan during the second quarter valued at $159,147,000. Crake Asset Management LLP increased its stake in shares of Freeport-McMoRan by 60.6% during the second quarter. Crake Asset Management LLP now owns 9,522,673 shares of the natural resource company’s stock valued at $412,808,000 after buying an additional 3,593,050 shares during the period. Finally, Voya Investment Management LLC raised its holdings in shares of Freeport-McMoRan by 289.0% in the third quarter. Voya Investment Management LLC now owns 3,844,504 shares of the natural resource company’s stock valued at $150,781,000 after acquiring an additional 2,856,302 shares in the last quarter. 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: Analysts raised targets and ratings — Scotiabank upped its target to $70 (outperform) and CICC raised its target to $64.40, signaling fresh buy-side conviction and potential upside pressure on the stock. Scotiabank Raises FCX Price Target to $70
• Positive Sentiment: Macro/sector story is supportive: MarketBeat and other outlets highlight a structural copper bull market driven by electrification and AI data-center buildouts — a direct tailwind for copper-focused Freeport. What the Future Could Hold After a 70% Rebound
• Positive Sentiment: Q4 earnings beat: FCX posted stronger-than-expected revenue and an adjusted EPS beat (helping validate margin leverage to high copper prices), which supports investor confidence in near-term cash flow upside if metals remain elevated. Freeport Q4 Earnings
• Positive Sentiment: Momentum and market attention: Zacks and other sites flag FCX as a strong momentum/trending stock and coverage of a new 52-week high/analyst upgrade has drawn inflows and options activity from traders. Zacks: Strong Momentum Stock
• Neutral Sentiment: Options-market signals show elevated interest and positioning but are ambiguous on direction — heavy flow can amplify moves but also increase volatility. Options Market Insights
• Negative Sentiment: Production disruption remains a headwind: the Grasberg mudslide cut output, and Freeport guided to slightly lower 2026 copper/gold sales before restoration — lingering supply impacts could pressure revenue if copper weakens. Grasberg Production Impact and Outlook
• Negative Sentiment: Near-term copper-price risk: some forecasters (and the MarketBeat/Goldman discussion) expect a pullback from record highs, and FCX’s cash flow is highly sensitive to copper moves—near-term price weakness could reverse recent gains. Copper Forecasts and Impact

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.