Freeport-McMoRan (NYSE:FCX) Trading Up 3.1% – What’s Next?

Freeport-McMoRan Inc. (NYSE:FCX)’s share price rose 3.1% during mid-day trading on Tuesday . The company traded as high as $57.12 and last traded at $56.0740. Approximately 33,291,010 shares changed hands during trading, an increase of 39% from the average daily volume of 23,911,809 shares. The stock had previously closed at $54.41.

Trending Headlines about Freeport-McMoRan

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

• Positive Sentiment: Analysts expect upside to Q4 results — Jefferies updated models after Freeport’s provisional 4Q25 disclosure and said EPS should outperform, driven by stronger realized copper and gold prices. Freeport EPS expected to outperform as Grasberg ramp-up delayed
• Positive Sentiment: Large bullish options flow — Unusually large activity: ~101,726 call options were bought today (≈29% above average), signaling speculative bullish positioning or hedging by institutional traders. (No external link)
• Positive Sentiment: Momentum / technical note — FCX reached a fresh 52-week high intraday, reflecting positive sentiment and momentum trading. Freeport McMoRan stock hits 52-week high
• Negative Sentiment: Widespread securities-class-action filings and notices — Multiple law firms (Rosen, Levi & Korsinsky, Bragar Eagel & Squire, Kirby McInerney, Faruqi & Faruqi, Robbins Geller, Glancy Prongay & others) have announced or filed suits and are soliciting lead-plaintiff motions related to alleged disclosures covering Feb 15, 2022–Sep 24, 2025. This creates a legal overhang and potential headline risk. Example notice: Kirby McInerney lawsuit notice
• Negative Sentiment: Specific safety/regulatory allegation flagged — Kuehn Law cites a federal securities suit alleging that Freeport failed to ensure adequate safety at the Grasberg block-cave mine in Indonesia, which could raise regulatory, litigation and reputational risks if substantiated. Kuehn Law investigation

Wall Street Analyst Weigh In

A number of analysts have commented on FCX shares. Scotiabank upgraded shares of Freeport-McMoRan from a “sector perform” rating to a “sector outperform” rating and cut their price objective for the company from $51.00 to $47.00 in a report on Wednesday, November 19th. Dbs Bank dropped their price target on Freeport-McMoRan from $51.00 to $48.00 in a research report on Thursday, October 2nd. Morgan Stanley reiterated an “overweight” rating and set a $53.00 price objective on shares of Freeport-McMoRan in a research report on Monday, December 15th. Citigroup raised Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Wednesday, October 8th. Finally, Raymond James Financial upped their target price on Freeport-McMoRan from $49.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, December 31st. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $50.49.

Freeport-McMoRan Stock Performance

The company has a current ratio of 2.45, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $80.52 billion, a price-to-earnings ratio of 39.49, a price-to-earnings-growth ratio of 0.87 and a beta of 1.45. The stock’s fifty day simple moving average is $44.82 and its 200-day simple moving average is $43.57.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings results on Thursday, October 23rd. The natural resource company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.41 by $0.09. The business had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.74 billion. Freeport-McMoRan had a net margin of 7.97% and a return on equity of 7.84%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Analysts predict that Freeport-McMoRan Inc. will post 1.68 EPS for the current year.

Freeport-McMoRan Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.075 per share. The ex-dividend date is Thursday, January 15th. This represents a $0.30 annualized dividend and a yield of 0.5%. Freeport-McMoRan’s dividend payout ratio is 21.13%.

Insider Activity

In other news, CAO Ellie L. Mikes sold 9,572 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $47.66, for a total transaction 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. The trade was a 19.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Stephen T. Higgins sold 28,423 shares of the company’s stock in a transaction that occurred 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 owned 105,294 shares in the company, valued at $5,053,059.06. The trade was a 21.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Freeport-McMoRan

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Steigerwald Gordon & Koch Inc. purchased a new stake in Freeport-McMoRan during the 3rd quarter worth about $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Freeport-McMoRan during the 2nd quarter worth about $28,000. Salomon & Ludwin LLC raised its position in shares of Freeport-McMoRan by 1,962.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock worth $29,000 after acquiring an additional 687 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in Freeport-McMoRan during the third quarter worth approximately $33,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in Freeport-McMoRan in the third quarter valued at approximately $36,000. 80.77% of the stock is currently owned by institutional investors and hedge funds.

About Freeport-McMoRan

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.