Freeport-McMoRan (NYSE:FCX) Trading 1.3% Higher Following Analyst Upgrade

Freeport-McMoRan Inc. (NYSE:FCX)’s stock price shot up 1.3% on Monday after CICC Research raised their price target on the stock from $50.40 to $64.40. CICC Research currently has an outperform rating on the stock. Freeport-McMoRan traded as high as $63.58 and last traded at $61.21. 31,488,153 shares changed hands during mid-day trading, an increase of 38% from the average session volume of 22,825,539 shares. The stock had previously closed at $60.41.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Freeport-McMoRan in a research note on Thursday, January 22nd. Jefferies Financial Group reissued a “buy” rating and issued a $68.00 price objective on shares of Freeport-McMoRan in a research note on Monday, January 5th. Sanford C. Bernstein cut shares of Freeport-McMoRan from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $53.50 to $54.00 in a research note on Friday. HSBC upped their price target on shares of Freeport-McMoRan from $48.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, UBS Group raised their price objective on Freeport-McMoRan from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Freeport-McMoRan has a consensus rating of “Moderate Buy” and an average target price of $58.40.

Insider Buying and Selling at Freeport-McMoRan

In other news, CAO Stephen T. Higgins sold 28,423 shares of the firm’s stock in a transaction dated 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 in the company, valued at $5,053,059.06. This trade 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 the SEC website. Also, CAO Ellie L. Mikes sold 9,572 shares of the company’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 sale, the chief accounting officer 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 disclosure for this sale is available in the SEC filing. 0.79% of the stock is owned by company insiders.

Key Headlines Impacting Freeport-McMoRan

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

Institutional Investors Weigh In On Freeport-McMoRan

A number of institutional investors have recently modified their holdings of the company. Steigerwald Gordon & Koch Inc. acquired a new position in Freeport-McMoRan in the third quarter valued at $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Freeport-McMoRan in the 2nd quarter worth about $28,000. Salomon & Ludwin LLC lifted its stake in shares of 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 purchasing an additional 687 shares during the period. JPL Wealth Management LLC bought a new stake in shares of Freeport-McMoRan during the 3rd quarter valued at about $33,000. Finally, YANKCOM Partnership grew its stake in Freeport-McMoRan by 83.3% during the fourth quarter. YANKCOM Partnership now owns 869 shares of the natural resource company’s stock worth $44,000 after purchasing an additional 395 shares during the period. 80.77% of the stock is owned by institutional investors.

Freeport-McMoRan Stock Up 2.8%

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 of $50.68 and a 200 day moving average of $45.22. The company has a quick ratio of 1.05, a current ratio of 2.29 and a debt-to-equity ratio of 0.29.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly 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. The firm had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.42 billion. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 EPS. As a group, sell-side analysts predict that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current year.

Freeport-McMoRan Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, January 15th. Freeport-McMoRan’s payout ratio is 19.87%.

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.