Freeport-McMoRan Inc. (FCX) – What Are Brokerages Saying About This Stock?

Freeport-McMoRan Inc. (NYSE:FCX) has earned an average rating of “Moderate Buy” from the twenty-five ratings firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $75.30.

A number of research analysts have commented on FCX shares. Royal Bank Of Canada boosted their price objective on Freeport-McMoRan from $73.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 16th. Stifel Nicolaus boosted their price target on Freeport-McMoRan from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Sanford C. Bernstein decreased their price target on Freeport-McMoRan from $50.00 to $47.00 and set a “market perform” rating for the company in a report on Wednesday, September 9th. Weiss Ratings cut Freeport-McMoRan from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 30th. Finally, Freedom Broker lowered their price objective on shares of Freeport-McMoRan from $75.00 to $68.00 and set a “hold” rating for the company in a research report on Monday, November 2nd.

Insider Buying and Selling at Freeport-McMoRan

In related news, Director Lydia Kennard sold 3,798 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $79.11, for a total transaction of $300,459.78. Following the completion of the sale, the director directly owned 122,702 shares of the company’s stock, valued at approximately $9,706,955.22. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Douglas Currault, II sold 80,000 shares of Freeport-McMoRan stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $78.56, for a total value of $6,284,800.00. Following the sale, the executive vice president owned 211,016 shares in the company, valued at $16,577,416.96. This represents a 27.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.73% of the stock is currently owned by corporate insiders.

Institutional Trading of Freeport-McMoRan

A number of hedge funds have recently made changes to their positions in FCX. Fisher Asset Management LLC grew its holdings in Freeport-McMoRan by 1.8% during the third quarter. Fisher Asset Management LLC now owns 68,111,240 shares of the natural resource company’s stock worth $4,767,787,000 after purchasing an additional 1,189,226 shares during the period. State Street Corp raised its holdings in Freeport-McMoRan by 3.6% in the 2nd quarter. State Street Corp now owns 66,485,424 shares of the natural resource company’s stock valued at $4,181,268,000 after acquiring an additional 2,300,416 shares during the period. Bank of America Corp DE increased its stake in shares of Freeport-McMoRan by 20.0% during the first quarter. Bank of America Corp DE now owns 42,345,502 shares of the natural resource company’s stock worth $2,489,069,000 after purchasing an additional 7,044,775 shares during the period. Wellington Management Group LLP increased its position in Freeport-McMoRan by 13.8% during the 2nd quarter. Wellington Management Group LLP now owns 14,918,066 shares of the natural resource company’s stock worth $938,197,000 after buying an additional 1,810,698 shares during the period. Finally, Amundi raised its stake in Freeport-McMoRan by 10.5% in the 2nd quarter. Amundi now owns 11,819,898 shares of the natural resource company’s stock worth $743,353,000 after purchasing an additional 1,125,982 shares in the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

Key Headlines Impacting Freeport-McMoRan

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

• Positive Sentiment: Freeport approved a $4.5 billion expansion of its Bagdad mine in Arizona. The project aims to more than double mining and milling rates, increase copper and molybdenum output, and reduce long-term unit costs by about 20%—potentially supporting future growth and margins. Article: Freeport’s $4.5 Billion Bagdad Expansion to Boost U.S. Production
• Negative Sentiment: The project’s substantial capital cost, alongside higher capital-spending guidance, has raised near-term concerns and reportedly pressured shares after the company’s third-quarter results. Scotiabank also lowered its FY2026 and FY2027 EPS estimates to $3.20 and $2.57, respectively, though it kept a Sector Outperform rating and a $78 price target. Article: Powering Up: Freeport-McMoRan’s $4.5B Copper Expansion

Freeport-McMoRan Stock Performance

Shares of FCX stock opened at $59.36 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The company has a market cap of $85.25 billion, a PE ratio of 24.94, a P/E/G ratio of 0.55 and a beta of 1.38. The company’s fifty day simple moving average is $69.84 and its 200-day simple moving average is $65.27. Freeport-McMoRan has a 52 week low of $38.75 and a 52 week high of $80.24.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings results on Tuesday, October 27th. The natural resource company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. Freeport-McMoRan had a net margin of 13.03% and a return on equity of 12.09%. The firm had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.36 billion. During the same period in the prior year, the company earned $0.50 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts anticipate that Freeport-McMoRan will post 3.02 EPS for the current year.

Freeport-McMoRan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th were paid a $0.0750 dividend. The ex-dividend date was Thursday, October 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. Freeport-McMoRan’s dividend payout ratio is 12.61%.

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc is a mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Its products serve industries including construction, manufacturing, electronics and energy.

The company operates mines and related facilities in North America, South America and Indonesia. Its assets include the Grasberg minerals district in Indonesia and copper operations in the United States, Peru and Chile.

Freeport-McMoRan traces its roots to Freeport Sulphur Company, founded in 1912, and has since developed into a major international mining business.