Stephen Higgins Sells 7,550 Shares of Freeport-McMoRan (NYSE:FCX) Stock

Freeport-McMoRan Inc. (NYSE:FCX) CAO Stephen Higgins sold 7,550 shares of the business’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $63.00, for a total value of $475,650.00. Following the transaction, the chief accounting officer owned 68,895 shares in the company, valued at $4,340,385. This represents a 9.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Freeport-McMoRan Trading Up 5.8%

Freeport-McMoRan stock opened at $67.32 on Wednesday. The business has a 50 day moving average price of $63.79 and a two-hundred day moving average price of $62.67. The company has a quick ratio of 0.92, a current ratio of 2.07 and a debt-to-equity ratio of 0.25. Freeport-McMoRan Inc. has a 12 month low of $35.15 and a 12 month high of $72.28. The stock has a market cap of $96.78 billion, a price-to-earnings ratio of 33.16, a price-to-earnings-growth ratio of 0.64 and a beta of 1.37.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings data on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.12. Freeport-McMoRan had a return on equity of 10.63% and a net margin of 11.39%.The company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter last year, the firm earned $0.54 EPS. Freeport-McMoRan’s revenue for the quarter was down 7.3% compared to the same quarter last year. As a group, equities analysts forecast that Freeport-McMoRan Inc. will post 2.75 EPS for the current year.

Freeport-McMoRan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Wednesday, July 15th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, July 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is 14.78%.

Institutional Investors Weigh In On Freeport-McMoRan

Large investors have recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new position in Freeport-McMoRan during the 4th quarter valued at about $25,000. Steph & Co. grew its stake in Freeport-McMoRan by 43.7% during the first quarter. Steph & Co. now owns 493 shares of the natural resource company’s stock worth $29,000 after buying an additional 150 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Freeport-McMoRan during the first quarter worth about $29,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Freeport-McMoRan during the fourth quarter worth approximately $29,000. Finally, SHP Wealth Management acquired a new stake in shares of Freeport-McMoRan during the fourth quarter worth approximately $30,000. Institutional investors own 80.77% of the company’s stock.

Key Stories Impacting Freeport-McMoRan

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

• Positive Sentiment: Copper-sector momentum: FCX was among copper-related stocks flashing technical buy signals as copper and rare-earth shares rallied. A potential reopening of the Strait of Hormuz could support global growth, while AI-infrastructure investment is boosting U.S. nonresidential construction and metals demand. FCX Flashes Buy Signal; This Is Fueling Copper, Rare Earth Stocks
• Positive Sentiment: Bullish options activity: Traders purchased 75,145 FCX call options, about 30% above the average daily call volume, signaling increased speculative interest in further upside. However, options activity is not a guarantee of future performance.
• Positive Sentiment: Higher copper and gold outlook: Freeport-McMoRan’s second-quarter results exceeded estimates, and updated guidance calls for substantially higher copper and gold sales in the second half of 2026 and into 2027. The company has also repurchased approximately 55.4 million shares for $2.2 billion since late 2021, potentially supporting earnings per share. How Investors May Respond To Freeport-McMoRan Upgraded Copper-Gold Outlook And Ongoing Buybacks
• Neutral Sentiment: Analyst support: Recent target-price increases and a “Moderate Buy” consensus indicate continued confidence, although the consensus target of $70.27 leaves less upside than earlier forecasts. The quarterly dividend is modest, with a $0.30 annualized payout and roughly 0.5% yield.
• Negative Sentiment: Insider selling: Chief Accounting Officer Stephen Higgins sold 7,550 shares for approximately $475,650, reducing his holdings by 9.88%. The sale is relatively small compared with FCX’s market value but may be viewed as a modest cautionary signal. SEC insider transaction filing

Analysts Set New Price Targets

Several brokerages have issued reports on FCX. The Goldman Sachs Group lowered their price target on shares of Freeport-McMoRan from $75.00 to $74.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. HSBC raised their price objective on shares of Freeport-McMoRan from $72.00 to $75.00 in a report on Friday, June 12th. Bank of America upped their target price on shares of Freeport-McMoRan from $74.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. increased their price target on shares of Freeport-McMoRan from $73.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Finally, Jefferies Financial Group raised their price target on shares of Freeport-McMoRan from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.27.

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.