Freeport-McMoRan (NYSE:FCX) Shares Down 6.7% – Time to Sell?

Freeport-McMoRan Inc. (NYSE:FCX)’s share price was down 6.7% during mid-day trading on Thursday . The stock traded as low as $68.85 and last traded at $71.1540. 22,154,445 shares traded hands during trading, an increase of 31% from the average session volume of 16,927,588 shares. The stock had previously closed at $76.23.

Freeport-McMoRan News Roundup

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

• Positive Sentiment: Freeport-McMoRan CEO highlighted copper’s strategic importance for future economic growth, supporting the long-term demand case for the company’s primary commodity. Copper is very important commodity as we look toward the future, says Freeport-McMoRan CEO
• Positive Sentiment: Goldman Sachs described FCX as attractively valued following the recent decline and ongoing uncertainty around White House copper-tariff policy, potentially limiting downside if copper fundamentals remain strong. Freeport-McMoRan attractively valued after White House copper tariff uncertainty, Goldman says
• Neutral Sentiment: FCX has gained about 20% over six months, supported by higher copper prices and strong earnings, but analysts point to rising costs and weaker production volumes as risks to near-term results. FCX’s Shares Up 20% in 6 Months: What Should Investors Do Now?
• Neutral Sentiment: At the Jefferies Global Industrials Conference, management’s remarks provided investors with additional commentary on the company’s operations and copper-market outlook. Freeport-McMoRan Inc. Presents at Jefferies Global Industrials Conference 2026
• Negative Sentiment: Copper-mining shares sold off sharply as doubts about possible U.S. tariffs prompted a reversal in copper’s record rally. Because copper prices directly influence FCX’s revenue and cash flow, the uncertainty was a key catalyst for the stock’s decline. Freeport-McMoRan Stock Drops on Copper Tariff Uncertainty
• Negative Sentiment: Erste Group Bank made a modest reduction to its FY2027 EPS forecast, from $4.01 to $4.00, although it maintained a Buy rating. The small estimate cut signals limited near-term impact but reflects some caution. Freeport-McMoRan analyst estimate update

Analysts Set New Price Targets

A number of brokerages recently weighed in on FCX. Morgan Stanley boosted their price target on shares of Freeport-McMoRan from $66.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Sanford C. Bernstein decreased their price objective on shares of Freeport-McMoRan from $50.00 to $47.00 and set a “market perform” rating for the company in a report on Wednesday. HSBC lifted their price objective on shares of Freeport-McMoRan from $72.00 to $75.00 in a research report on Friday, June 12th. UBS Group boosted their target price on shares of Freeport-McMoRan from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Finally, Wall Street Zen downgraded shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Freeport-McMoRan currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.75.

Freeport-McMoRan Price Performance

The firm has a 50 day moving average price of $67.62 and a two-hundred day moving average price of $64.75. The company has a market cap of $102.07 billion, a P/E ratio of 35.01, a P/E/G ratio of 0.70 and a beta of 1.41. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 2.07.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings data on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. The business had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $6.62 billion. Freeport-McMoRan had a return on equity of 10.63% and a net margin of 11.39%.The firm’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 EPS. On average, analysts predict that Freeport-McMoRan Inc. will post 2.81 EPS for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Wednesday, July 15th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, July 15th. Freeport-McMoRan’s dividend payout ratio is presently 14.78%.

Insider Buying and Selling at Freeport-McMoRan

In other Freeport-McMoRan news, EVP Douglas N. Currault II sold 80,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $78.56, for a total transaction of $6,284,800.00. Following the sale, the executive vice president owned 211,016 shares of the company’s stock, valued at $16,577,416.96. The trade was a 27.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Ellie L. Mikes sold 4,773 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $70.00, for a total transaction of $334,110.00. Following the sale, the chief accounting officer directly owned 36,000 shares in the company, valued at $2,520,000. The trade was a 11.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 110,398 shares of company stock valued at $8,387,271. 0.73% of the stock is owned by corporate insiders.

Institutional Trading of Freeport-McMoRan

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC boosted its stake in Freeport-McMoRan by 24.2% in the 4th quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company’s stock worth $564,000 after purchasing an additional 2,882 shares during the period. Bison Wealth LLC increased its position in shares of Freeport-McMoRan by 5.6% during the fourth 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 bought a new stake in shares of Freeport-McMoRan during the second quarter valued at about $560,000. Brown Advisory Inc. increased its position in shares of Freeport-McMoRan by 27.0% during the second quarter. Brown Advisory Inc. now owns 12,443 shares of the natural resource company’s stock valued at $539,000 after buying an additional 2,648 shares during the period. Finally, Jump Financial LLC lifted its holdings in shares of Freeport-McMoRan by 42.7% in the second quarter. Jump Financial LLC now owns 50,114 shares of the natural resource company’s stock worth $2,172,000 after buying an additional 14,992 shares in the last quarter. 80.77% of the stock is currently owned by institutional investors.

About Freeport-McMoRan

Freeport-McMoRan Inc is a global mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Copper is its principal product and is used in electrical wiring, construction, transportation, industrial equipment and renewable-energy technologies. The company also produces gold as a byproduct of its copper operations and molybdenum, an alloying metal used in steelmaking and other industrial applications.

Freeport-McMoRan operates major mining and processing assets in North America, South America and Indonesia.