Ellie Mikes Sells 11,000 Shares of Freeport-McMoRan (NYSE:FCX) Stock

Freeport-McMoRan Inc. (NYSE:FCX) CAO Ellie Mikes sold 11,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $62.03, for a total value of $682,330.00. Following the transaction, the chief accounting officer directly owned 40,773 shares of the company’s stock, valued at $2,529,149.19. The trade was a 21.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Freeport-McMoRan Price Performance

FCX stock opened at $62.51 on Friday. The business’s 50-day moving average is $57.24 and its two-hundred day moving average is $47.42. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.29 and a quick ratio of 1.05. The firm has a market capitalization of $89.76 billion, a P/E ratio of 41.40, a P/E/G ratio of 0.68 and a beta of 1.47. Freeport-McMoRan Inc. has a 1 year low of $27.66 and a 1 year high of $69.44.

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, topping analysts’ consensus estimates of $0.28 by $0.19. The firm had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.42 billion. Freeport-McMoRan had a net margin of 8.50% and a return on equity of 8.50%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share. Analysts anticipate that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th were given a $0.075 dividend. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Freeport-McMoRan’s dividend payout ratio is currently 19.87%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in shares of Freeport-McMoRan by 190.9% during the third quarter. Wellington Management Group LLP now owns 36,494,793 shares of the natural resource company’s stock worth $1,431,326,000 after acquiring an additional 23,950,557 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Freeport-McMoRan by 98.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 19,973,108 shares of the natural resource company’s stock valued at $1,014,434,000 after purchasing an additional 9,924,573 shares during the last quarter. Franklin Resources Inc. raised its position in Freeport-McMoRan by 31.2% in the 4th quarter. Franklin Resources Inc. now owns 37,353,852 shares of the natural resource company’s stock valued at $1,897,202,000 after purchasing an additional 8,891,743 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in 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 purchasing an additional 8,292,873 shares during the period. Finally, Amundi grew its position in Freeport-McMoRan by 102.5% during the 4th quarter. Amundi now owns 14,211,579 shares of the natural resource company’s stock worth $721,806,000 after purchasing an additional 7,192,955 shares during the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan News Roundup

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

• Positive Sentiment: Freeport reached a Memorandum of Understanding with the Indonesian government to amend PT Freeport Indonesia’s license for a life‑of‑resource extension at the Grasberg minerals district — this materially reduces tenure/regulatory risk at one of the world’s largest copper/gold assets and supports long‑term production and cash‑flow visibility. FCX Announces Agreement for Life of Resource Extension of Operating Rights in Grasberg Minerals District
• Positive Sentiment: Jefferies bumped its price target to $76 (from $68) and kept a Buy rating — a high‑profile analyst upgrade that can attract flows and reinforces upside expectations versus current levels. Jefferies adjusts Freeport McMoran PT to $76 from $68, maintains buy rating
• Positive Sentiment: Sector momentum — investors rotating into copper (driven by AI/data‑center and electrification infrastructure demand) is lifting mining peers and supports a favorable demand backdrop for FCX over the medium term. Forget Chips, Buy Wires: BHP Hits Highs as Copper Overtakes Iron
• Neutral Sentiment: Analysts and commentators are re‑examining valuation after a strong rally; some see continued upside while others warn multiples have expanded — useful context for investors deciding whether to add on strength or take profits. A Look At Freeport McMoRan (FCX) Valuation After A Strong Three Month Share Price Run
• Neutral Sentiment: Industry outlook pieces (e.g., Zacks) list FCX among non‑ferrous miners likely to benefit from persistent copper demand — a supportive thematic tailwind but not an immediate company‑specific catalyst. 4 Non‑Ferrous Metal Mining Stocks to Watch From a Prospering Industry
• Negative Sentiment: Insider selling: CFO Maree Robertson and CAO Ellie Mikes disclosed sizable stock sales this week — such sales can be viewed negatively by some investors even if they are routine or diversification‑driven. SEC filing — CFO sale
• Negative Sentiment: Operational risk remains: commentary notes Grasberg’s 2025 mudflow aftermath has constrained near‑term production — that limits how quickly Freeport can capitalize on a copper rally and is a key near‑term risk to earnings and free cash flow. Freeport signs agreement with Indonesia to extend Grasberg mining rights through 2041

Analyst Ratings Changes

Several research firms recently commented on FCX. BMO Capital Markets increased their target price on Freeport-McMoRan from $55.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. upped their price objective on Freeport-McMoRan from $58.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Stifel Nicolaus increased their price objective on Freeport-McMoRan from $52.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Sanford C. Bernstein cut 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, January 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Freeport-McMoRan in a report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Freeport-McMoRan currently has a consensus rating of “Moderate Buy” and an average price target of $60.64.

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.