Freeport-McMoRan (FCX) – Investment Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Freeport-McMoRan (NYSE: FCX) in the last few weeks:

• 11/2/2026 – Freeport-McMoRan had its price target lowered by Freedom Broker from $75.00 to $68.00. They now have a “hold” rating on the stock.
• 10/30/2026 – Freeport-McMoRan was downgraded by Weiss Ratings from “buy (b)” to “buy (b-)”.
• 10/28/2026 – Freeport-McMoRan had its price target lowered by Scotiabank from $80.00 to $78.00. They now have a “sector outperform” rating on the stock.
• 10/28/2026 – Freeport-McMoRan had its price target lowered by UBS Group from $88.00 to $85.00. They now have a “buy” rating on the stock.
• 10/28/2026 – Freeport-McMoRan had its price target lowered by JPMorgan Chase & Co. from $92.00 to $90.00. They now have an “overweight” rating on the stock.
• 10/28/2026 – Freeport-McMoRan had its price target lowered by Wells Fargo & Company from $87.00 to $79.00. They now have an “overweight” rating on the stock.
• 10/19/2026 – Freeport-McMoRan had its price target raised by Barclays from $83.00 to $84.00. They now have an “overweight” rating on the stock.
• 10/8/2026 – Freeport-McMoRan was upgraded by Weiss Ratings from “buy (b-)” to “buy (b)”.
• 10/8/2026 – Freeport-McMoRan had its price target raised by UBS Group from $77.00 to $88.00. They now have a “buy” rating on the stock.
• 10/7/2026 – Freeport-McMoRan had its price target raised by JPMorgan Chase & Co. from $77.00 to $92.00. They now have an “overweight” rating on the stock.
• 10/7/2026 – Freeport-McMoRan had its price target raised by Morgan Stanley from $70.00 to $75.00. They now have an “equal weight” rating on the stock.
• 10/6/2026 – Freeport-McMoRan had its price target raised by Barclays from $82.00 to $83.00. They now have an “overweight” rating on the stock.
• 10/6/2026 – Freeport-McMoRan had its price target raised by Wells Fargo & Company from $70.00 to $87.00. They now have an “overweight” rating on the stock.
• 10/5/2026 – Freeport-McMoRan had its price target raised by Citigroup from $66.00 to $84.00. They now have a “buy” rating on the stock.
• 9/29/2026 – Freeport-McMoRan had its price target raised by BMO Capital Markets from $78.00 to $85.00. They now have an “outperform” rating on the stock.
• 9/16/2026 – Freeport-McMoRan had its price target raised by Royal Bank Of Canada from $73.00 to $85.00. They now have a “sector perform” rating on the stock.

Freeport-McMoRan Price Performance

Shares of Freeport-McMoRan stock traded down $1.24 during trading on Friday, hitting $59.21. 3,405,892 shares of the company’s stock traded hands, compared to its average volume of 15,735,129. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 0.91. The firm’s fifty day moving average price is $68.77 and its 200 day moving average price is $65.29. Freeport-McMoRan Inc. has a twelve month low of $38.85 and a twelve month high of $80.24. The company has a market cap of $85.02 billion, a PE ratio of 24.88, a PEG ratio of 0.57 and a beta of 1.38.

Freeport-McMoRan (NYSE:FCX) last posted its earnings results on Tuesday, October 27th. The natural resource company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. The business had revenue of $7.55 billion for the quarter, compared to analysts’ expectations of $7.36 billion. Freeport-McMoRan had a net margin of 13.03% and a return on equity of 12.09%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Analysts forecast that Freeport-McMoRan Inc. will post 3.05 earnings per share for the current year.

Freeport-McMoRan Dividend Announcement

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

Insider Buying and Selling

In related news, Director Lydia H. Kennard sold 3,798 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $79.11, for a total value of $300,459.78. Following the sale, the director owned 122,702 shares of the company’s stock, valued at $9,706,955.22. The trade was a 3.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Douglas N. Currault II sold 80,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $78.56, for a total value of $6,284,800.00. Following the completion of the sale, the executive vice president owned 211,016 shares in the company, valued at $16,577,416.96. This trade represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.73% of the company’s stock.

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.