Freeport-McMoRan (NYSE:FCX) Given New $67.00 Price Target at Scotiabank

Freeport-McMoRan (NYSE:FCX) had its price objective decreased by Scotiabank from $71.00 to $67.00 in a research note released on Friday morning,MarketScreener reports. Scotiabank currently has a sector perform rating on the natural resource company’s stock. Scotiabank also issued estimates for Freeport-McMoRan’s FY2026 earnings at $2.36 EPS and FY2027 earnings at $2.44 EPS.

A number of other equities research analysts have also recently commented on the stock. BNP Paribas Exane raised their price target on shares of Freeport-McMoRan from $56.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Freedom Capital upgraded shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a report on Saturday, February 21st. UBS Group reduced their price objective on shares of Freeport-McMoRan from $70.00 to $66.00 and set a “buy” rating for the company in a report on Friday, March 27th. HSBC lifted their price objective on shares of Freeport-McMoRan from $69.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Finally, Wells Fargo & Company lifted their price objective on shares of Freeport-McMoRan from $64.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $65.66.

Freeport-McMoRan Trading Down 0.6%

NYSE:FCX opened at $61.12 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.05 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $87.83 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 0.71 and a beta of 1.48. The firm has a fifty day simple moving average of $62.47 and a two-hundred day simple moving average of $53.78. Freeport-McMoRan has a 12 month low of $34.45 and a 12 month high of $70.96.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings results on Thursday, April 23rd. The natural resource company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.10. The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Freeport-McMoRan had a net margin of 10.34% and a return on equity of 9.88%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the company posted $0.24 earnings per share. Analysts expect that Freeport-McMoRan will post 2.54 EPS for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, April 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 19.87%.

Insider Buying and Selling at Freeport-McMoRan

In related news, CAO Ellie L. Mikes sold 11,000 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $62.03, for a total transaction of $682,330.00. Following the transaction, the chief accounting officer directly owned 40,773 shares in the company, valued at approximately $2,529,149.19. The trade was a 21.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard C. Adkerson sold 248,031 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $62.80, for a total transaction of $15,576,346.80. Following the transaction, the chairman owned 3,509,119 shares in the company, valued at approximately $220,372,673.20. This trade represents a 6.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 565,145 shares of company stock valued at $35,839,918 in the last quarter. 0.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC boosted its holdings in Freeport-McMoRan by 54.1% during the first quarter. Root Financial Partners LLC now owns 5,790 shares of the natural resource company’s stock worth $340,000 after purchasing an additional 2,033 shares during the last quarter. CHICAGO TRUST Co NA boosted its holdings in Freeport-McMoRan by 8.8% during the first quarter. CHICAGO TRUST Co NA now owns 11,470 shares of the natural resource company’s stock worth $674,000 after purchasing an additional 930 shares during the last quarter. Fulton Bank N.A. boosted its holdings in Freeport-McMoRan by 5.3% during the first quarter. Fulton Bank N.A. now owns 18,458 shares of the natural resource company’s stock worth $1,085,000 after purchasing an additional 936 shares during the last quarter. TKG Advisors LLC purchased a new position in Freeport-McMoRan during the first quarter worth about $2,729,000. Finally, Financial Life Planners purchased a new position in Freeport-McMoRan during the first quarter worth about $34,000. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

More Freeport-McMoRan News

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

• Positive Sentiment: Q1 beat and cash support — FCX reported stronger‑than‑expected Q1 results (EPS $0.57 vs. ~$0.47 est.) with revenue up ~8.7% YoY; management noted higher realized commodity prices and a ~$700M insurance payment that helped results. Freeport-McMoRan: Less Copper Supply Isn’t All Bad
• Positive Sentiment: Analyst upgrade — UBS raised its price target to $74 and kept a Buy rating, signaling upside based on commodity outlook and valuation. UBS Lifts Price Target on Freeport-McMoRan to $74
• Neutral Sentiment: Market/valuation debate — Several pieces question whether current share price already reflects copper optimism and the recent volatility; investors should weigh the outlook for copper prices vs. reduced volumes. Is Freeport-McMoRan (FCX) Pricing Fully Reflects Recent Copper Optimism And Share Volatility
• Neutral Sentiment: Company materials and call — The earnings presentation and transcript are available for review (useful for guidance detail, cost outlook and timing for Grasberg ramp). Freeport-McMoRan Inc. (FCX) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Grasberg production setbacks — Management cut 2026 copper sales guidance (roughly a 300M lb reduction cited) after a slower Grasberg ramp following last year’s incident; lower volumes directly pressure near‑term revenue and triggered the sell‑off. Freeport McMoRan falls as Grasberg delay cuts 2026 output outlook
• Negative Sentiment: Analyst downgrades and target cuts — Multiple firms trimmed targets or ratings (Morgan Stanley downgraded to Equal Weight and cut its PT; others cut targets or estimates), increasing near‑term selling pressure despite some boutiques still bullish. Morgan Stanley Downgrades Freeport-McMoRan Bernstein Adjusts Price Target on Freeport-McMoRan
• Negative Sentiment: Stock reaction — The market punished FCX on the combination of the production cut and uncertain Grasberg timing (reports of a ~10% intraday drop were published), showing sensitivity to volume risk even with strong commodity prices. Freeport-McMoRan (FCX) Stock Plunges 10% After Slashing Production Forecasts

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.