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

Freeport-McMoRan (NYSE:FCX) had its price target increased by research analysts at Scotiabank from $63.00 to $70.00 in a report issued on Monday, Marketbeat Ratings reports. The brokerage presently has an “outperform” rating on the natural resource company’s stock. Scotiabank’s price target suggests a potential upside of 11.34% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Sanford C. Bernstein lowered shares of Freeport-McMoRan from an “outperform” rating to a “market perform” rating and increased their price target for the company from $53.50 to $54.00 in a research note on Friday. Hsbc Global Res raised shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Freeport-McMoRan in a report on Thursday, January 22nd. Royal Bank Of Canada dropped their price target on Freeport-McMoRan from $54.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $53.00 price objective on shares of Freeport-McMoRan in a research report on Monday, December 15th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.40.

Freeport-McMoRan Price Performance

Freeport-McMoRan stock opened at $62.87 on Monday. The stock has a market cap of $90.28 billion, a price-to-earnings ratio of 41.64, a price-to-earnings-growth ratio of 0.72 and a beta of 1.45. The firm has a 50-day moving average of $50.68 and a two-hundred day moving average of $45.22. Freeport-McMoRan has a 1 year low of $27.66 and a 1 year high of $63.58. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.29 and a quick ratio of 1.05.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.19. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The company had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter last year, the business posted $0.31 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. On average, research analysts forecast that Freeport-McMoRan will post 1.68 earnings per share for the current year.

Insider Transactions at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 9,572 shares of Freeport-McMoRan stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Stephen T. Higgins sold 28,423 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $47.99, for a total value 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 trade represents a 21.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.79% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Callan Family Office LLC raised its holdings in shares of Freeport-McMoRan by 229.9% during the second quarter. Callan Family Office LLC now owns 26,983 shares of the natural resource company’s stock valued at $1,170,000 after acquiring an additional 18,803 shares during the period. New York Life Investment Management LLC grew its position in Freeport-McMoRan by 11.8% during the 2nd quarter. New York Life Investment Management LLC now owns 215,058 shares of the natural resource company’s stock worth $9,323,000 after purchasing an additional 22,766 shares in the last quarter. Arrow Capital Pty Ltd grew its position in Freeport-McMoRan by 88.5% during the 2nd quarter. Arrow Capital Pty Ltd now owns 113,100 shares of the natural resource company’s stock worth $4,903,000 after purchasing an additional 53,100 shares in the last quarter. Bourgeon Capital Management LLC raised its stake in Freeport-McMoRan by 8.1% during the 2nd quarter. Bourgeon Capital Management LLC now owns 331,549 shares of the natural resource company’s stock valued at $14,373,000 after purchasing an additional 24,803 shares during the period. Finally, Foster Victor Wealth Advisors LLC lifted its holdings in shares of Freeport-McMoRan by 5.7% in the third quarter. Foster Victor Wealth Advisors LLC now owns 383,488 shares of the natural resource company’s stock valued at $15,213,000 after purchasing an additional 20,586 shares in the last quarter. Institutional investors and hedge funds 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.