Freeport-McMoRan Inc. (NYSE:FCX – Get Free Report)’s share price shot up 4.7% during mid-day trading on Monday . The stock traded as high as $54.45 and last traded at $54.38. 26,730,281 shares traded hands during trading, an increase of 40% from the average session volume of 19,122,473 shares. The stock had previously closed at $51.93.
Key Freeport-McMoRan News
Here are the key news stories impacting Freeport-McMoRan this week:
- Positive Sentiment: Positive catalyst: investors are responding to commodity tailwinds and Freeport’s recent earnings beat and decent fundamentals (revenue and EPS topped estimates in October), which support higher near‑term cash flow expectations and helped lift the stock.
- Neutral Sentiment: Procedural deadline: multiple firms note a January 12, 2026 deadline for investors to seek appointment as lead plaintiff in a recently filed class action covering purchases from Feb. 15, 2022 through Sept. 24, 2025 — this is a procedural development that doesn’t itself change the merits of any claim but concentrates investor attention.
- Negative Sentiment: Faruqi & Faruqi, LLP reminds investors of the Jan. 12 deadline and is investigating potential claims on behalf of Freeport investors. SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of FreeportMcMoran
- Negative Sentiment: Glancy Prongay & Murray LLP issues a deadline alert urging affected FCX shareholders to contact the firm about the securities‑fraud lawsuit covering the same class period. Deadline Alert: Freeport-McMoran Inc. (FCX) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
- Negative Sentiment: The Schall Law Firm notifies investors of the opportunity to lead a class action alleging violations of the securities laws for purchases in the same class period. FCX Investors Have Opportunity to Lead Freeport-McMoRan Inc. Securities Fraud Lawsuit with the Schall Law Firm
- Negative Sentiment: The Gross Law Firm notifies shareholders of the class action and upcoming deadline to seek lead plaintiff status. The Gross Law Firm Notifies Shareholders of Freeport-McMoRan Inc.(FCX) of a Class Action Lawsuit and an Upcoming Deadline
- Negative Sentiment: Robbins Geller Rudman & Dowd LLP announces investors with losses can seek appointment as lead plaintiff in Reed v. Freeport‑McMoRan; reiterates the Jan. 12 deadline. FCX INVESTOR NOTICE: FreeportMcMoRan Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
- Negative Sentiment: Bronstein, Gewirtz & Grossman LLC urges investors to act and highlights the alleged investor harm underlying the class action. Bronstein, Gewirtz & Grossman LLC Urges Freeport-McMoRan Inc. Investors to Act: Class Action Filed Alleging Investor Harm
- Negative Sentiment: International/republished notice (Finanznachrichten) repeats Faruqi & Faruqi’s shareholder alert about opportunity to lead the class action. Faruqi & Faruqi LLP: SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces that Freeport-McMoran Systems Investors Have Opportunity to Lead Class Action Lawsuit
Analyst Ratings Changes
FCX has been the topic of a number of research reports. BNP Paribas Exane decreased their target price on shares of Freeport-McMoRan from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, December 5th. Wells Fargo & Company lifted their price target on Freeport-McMoRan from $47.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, December 23rd. Bank of America upgraded shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Tuesday, September 30th. BMO Capital Markets boosted their target price on shares of Freeport-McMoRan from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, December 16th. Finally, Dbs Bank dropped their price target on shares of Freeport-McMoRan from $51.00 to $48.00 in a research note on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $50.49.
Freeport-McMoRan Price Performance
The business’s 50 day moving average is $44.55 and its two-hundred day moving average is $43.48. The firm has a market cap of $78.09 billion, a P/E ratio of 32.66, a P/E/G ratio of 0.87 and a beta of 1.45. The company has a quick ratio of 1.19, a current ratio of 2.45 and a debt-to-equity ratio of 0.29.
Freeport-McMoRan (NYSE:FCX – Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The natural resource company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.09. Freeport-McMoRan had a net margin of 7.97% and a return on equity of 7.84%. The business had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $6.74 billion. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, analysts anticipate that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current year.
Freeport-McMoRan Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be given a dividend of $0.075 per share. The ex-dividend date is Thursday, January 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.6%. Freeport-McMoRan’s dividend payout ratio is presently 21.13%.
Insider Activity at Freeport-McMoRan
In other news, 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 transaction of $456,201.52. Following the completion of the sale, the chief accounting officer owned 38,761 shares of the company’s stock, valued at $1,847,349.26. This trade represents a 19.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Stephen T. Higgins sold 28,423 shares of the stock in a transaction 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 transaction, the chief accounting officer directly owned 105,294 shares in the company, valued at approximately $5,053,059.06. This represents a 21.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.79% of the company’s stock.
Hedge Funds Weigh In On Freeport-McMoRan
Several institutional investors have recently made changes to their positions in FCX. Portside Wealth Group LLC grew its holdings in Freeport-McMoRan by 0.8% during the second quarter. Portside Wealth Group LLC now owns 30,333 shares of the natural resource company’s stock worth $1,315,000 after buying an additional 245 shares in the last quarter. Hollencrest Capital Management grew its stake in shares of Freeport-McMoRan by 0.6% in the 2nd quarter. Hollencrest Capital Management now owns 45,133 shares of the natural resource company’s stock worth $1,957,000 after acquiring an additional 250 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of Freeport-McMoRan by 0.6% during the third quarter. Benjamin Edwards Inc. now owns 45,095 shares of the natural resource company’s stock valued at $1,769,000 after purchasing an additional 250 shares in the last quarter. Waterloo Capital L.P. lifted its position in shares of Freeport-McMoRan by 3.9% during the second quarter. Waterloo Capital L.P. now owns 6,658 shares of the natural resource company’s stock valued at $289,000 after purchasing an additional 251 shares in the last quarter. Finally, Mengis Capital Management Inc. boosted its stake in shares of Freeport-McMoRan by 0.7% in the 3rd quarter. Mengis Capital Management Inc. now owns 34,404 shares of the natural resource company’s stock worth $1,349,000 after buying an additional 251 shares during the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.
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.
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