Insider Selling: Freeport-McMoRan (NYSE:FCX) CAO Sells $334,110.00 in Stock

Freeport-McMoRan Inc. (NYSE:FCX) CAO Ellie Mikes sold 4,773 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $70.00, for a total value of $334,110.00. Following the sale, the chief accounting officer owned 36,000 shares in the company, valued at $2,520,000. The trade was a 11.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Freeport-McMoRan Stock Performance

NYSE:FCX traded up $2.15 during mid-day trading on Wednesday, hitting $69.45. The stock had a trading volume of 17,107,993 shares, compared to its average volume of 17,398,715. Freeport-McMoRan Inc. has a twelve month low of $35.15 and a twelve month high of $72.28. The stock has a market cap of $99.84 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 0.64 and a beta of 1.37. The company’s 50 day simple moving average is $63.79 and its 200 day simple moving average is $62.67. 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 released its quarterly earnings results on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.12. The firm had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $6.62 billion. Freeport-McMoRan had a net margin of 11.39% and a return on equity of 10.63%. The business’s revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. On average, equities research analysts forecast that Freeport-McMoRan Inc. will post 2.75 earnings per share for the current year.

Freeport-McMoRan Dividend Announcement

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

Hedge Funds Weigh In On Freeport-McMoRan

A number of institutional investors have recently modified their holdings of FCX. Strategic Investment Solutions Inc. IL bought a new stake in shares of Freeport-McMoRan during the 4th quarter worth $25,000. Steph & Co. lifted its holdings in shares of Freeport-McMoRan by 43.7% in the first quarter. Steph & Co. now owns 493 shares of the natural resource company’s stock worth $29,000 after acquiring an additional 150 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Freeport-McMoRan in the 1st quarter valued at approximately $29,000. Kemnay Advisory Services Inc. bought a new stake in shares of Freeport-McMoRan during the fourth quarter worth $29,000. Finally, SHP Wealth Management bought a new stake in Freeport-McMoRan during the 4th quarter worth $30,000. Institutional investors and hedge funds own 80.77% of the company’s stock.

Trending Headlines about Freeport-McMoRan

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

• Positive Sentiment: Analysts and industry coverage highlighted Freeport-McMoRan’s exposure to rising copper demand from electric vehicles, grid upgrades and data-center infrastructure. Freeport-McMoRan in Focus as Copper Demand From EVs and Grids Builds
• Positive Sentiment: FCX was identified as one of the copper stocks flashing a buy signal, alongside broader strength in industrial-metal and rare-earth equities. Retreating oil prices and reported progress toward reopening the Strait of Hormuz were viewed as supportive of global growth sentiment. FCX Flashes Buy Signal
• Positive Sentiment: Recent company updates pointed to higher copper and gold sales expected in the second half of 2026 and into 2027. Continued share repurchases—approximately 55.4 million shares bought for $2.2 billion since late 2021—could support earnings per share by reducing the share count. FCX Upgraded Copper-Gold Outlook and Ongoing Buybacks
• Positive Sentiment: Unusual options activity showed traders purchasing 75,145 FCX call options, about 30% above typical daily call volume, signaling increased speculative bullish interest.
• Neutral Sentiment: Zacks listed FCX among non-ferrous mining stocks worth watching for long-term growth despite a weak near-term industry outlook. Non-Ferrous Metal Mining Stocks to Watch
• Negative Sentiment: Freeport-McMoRan Chief Accounting Officer Ellie L. Mikes sold 4,773 shares for approximately $334,110, reducing her direct holdings by 11.71%. The transaction was disclosed in an SEC filing, although insider sales can reflect personal financial considerations and do not necessarily indicate a change in company fundamentals. SEC Insider Sale Filing

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Morgan Stanley lifted their price objective on shares of Freeport-McMoRan from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Wells Fargo & Company increased their target price on shares of Freeport-McMoRan from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Wall Street Zen raised shares of Freeport-McMoRan from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. BNP Paribas Exane lifted their price target on shares of Freeport-McMoRan from $71.00 to $82.00 and gave the company an “outperform” rating in a research report on Thursday, June 18th. Finally, JPMorgan Chase & Co. boosted their price target on Freeport-McMoRan from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.27.

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.