Freeport-McMoRan (NYSE:FCX) Shares Up 2.3% – Still a Buy?

Freeport-McMoRan Inc. (NYSE:FCX) shares were up 2.3% on Friday . The stock traded as high as $61.01 and last traded at $60.60. Approximately 20,084,069 shares were traded during trading, a decline of 19% from the average daily volume of 24,820,914 shares. The stock had previously closed at $59.22.

Freeport-McMoRan News Roundup

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

• Positive Sentiment: Zacks Research materially raised EPS forecasts across several quarters and years — upgrades include higher Q4 2026/Q4 2027 and FY2026/FY2027 estimates (Zacks now sees FY2027 at ~$2.71 and FY2028 at ~$2.84), signaling analysts expect stronger earnings leverage if commodity prices hold.
• Positive Sentiment: Major price‑target bump: an analyst raise lifted FCX’s target (reported +10.45% to $62.23), which supports near‑term upside and helps explain bullish flow into the stock. Freeport-McMoRan (FCX) price target increased by 10.45% to 62.23
• Positive Sentiment: Commodity backdrop: coverage highlights Freeport benefiting from record/high copper prices and management’s focus on disciplined growth — a supportive macro/industry tailwind for revenue and margins if prices persist. Freeport-McMoRan Rides Record Copper Prices With Disciplined Growth Focus
• Neutral Sentiment: Valuation and earnings context: analysts and writeups are debating valuation after the recent run and the latest quarterly results — supportive earnings beats but valuations now reflect optimism, so outperformance may require continued strong copper and execution. Freeport-McMoRan (FCX) Valuation Check After Earnings And Copper Demand Optimism
• Negative Sentiment: Cautionary note after the rally: a recent analysis warns that despite a ~47% six‑month gain, higher operating costs and lower volumes in some periods could temper upside and argues for caution on further rallies absent improving fundamentals. Should You Buy, Sell or Hold FCX Stock After a 47% Rally in 6 Months?

Wall Street Analyst Weigh In

Several research firms recently commented on FCX. JPMorgan Chase & Co. raised their target price on Freeport-McMoRan from $58.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of Freeport-McMoRan in a research report on Thursday, January 22nd. HSBC raised their price objective on shares of Freeport-McMoRan from $48.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Clarkson Capital raised shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Wednesday, November 19th. Finally, UBS Group lifted their price objective on shares of Freeport-McMoRan from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.40.

Freeport-McMoRan Trading Up 2.3%

The company’s fifty day simple moving average is $54.01 and its 200-day simple moving average is $46.17. The firm has a market capitalization of $87.02 billion, a PE ratio of 40.13, a P/E/G ratio of 0.70 and a beta of 1.47. 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 released its quarterly earnings results on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.19. The firm had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.42 billion. Freeport-McMoRan had a net margin of 8.50% and a return on equity of 8.50%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 EPS. As a group, sell-side analysts expect that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

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

Insider Activity at Freeport-McMoRan

In related news, CAO Ellie L. Mikes sold 9,572 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $47.66, for a total value of $456,201.52. Following the completion of the transaction, the chief accounting officer directly owned 38,761 shares of the company’s stock, valued at approximately $1,847,349.26. This represents a 19.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen T. Higgins sold 28,423 shares of Freeport-McMoRan 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 sale, the chief accounting officer directly owned 105,294 shares in the company, valued at approximately $5,053,059.06. This trade represents a 21.26% decrease in their position. The SEC filing for this sale provides additional information. 0.75% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Freeport-McMoRan

Several hedge funds and other institutional investors have recently bought and sold shares of FCX. Brighton Jones LLC raised its position in Freeport-McMoRan by 24.2% in the fourth quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company’s stock valued at $564,000 after purchasing an additional 2,882 shares during the period. Bison Wealth LLC raised its holdings in shares of Freeport-McMoRan by 5.6% in the 4th quarter. Bison Wealth LLC now owns 9,616 shares of the natural resource company’s stock valued at $366,000 after buying an additional 507 shares during the period. Sivia Capital Partners LLC acquired a new position in Freeport-McMoRan during the 2nd quarter worth about $560,000. Maryland State Retirement & Pension System boosted its holdings in Freeport-McMoRan by 3.9% during the 2nd quarter. Maryland State Retirement & Pension System now owns 69,518 shares of the natural resource company’s stock valued at $3,014,000 after acquiring an additional 2,602 shares during the period. Finally, Callan Family Office LLC boosted its holdings in Freeport-McMoRan by 229.9% during the 2nd 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. 80.77% of the stock is currently owned by institutional investors and hedge funds.

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.