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

A number of research firms have changed their ratings and price targets for Freeport-McMoRan (NYSE: FCX):

• 1/27/2026 – Freeport-McMoRan was given a new $70.00 price target on by analysts at Morgan Stanley.
• 1/26/2026 – Freeport-McMoRan had its “overweight” rating reaffirmed by analysts at Morgan Stanley.
• 1/26/2026 – Freeport-McMoRan had its price target raised by analysts at CICC Research from $50.40 to $64.40. They now have an “outperform” rating on the stock.
• 1/26/2026 – Freeport-McMoRan had its price target raised by analysts at Scotiabank from $63.00 to $70.00. They now have an “outperform” rating on the stock.
• 1/23/2026 – Freeport-McMoRan had its price target raised by analysts at UBS Group AG from $60.00 to $70.00. They now have a “buy” rating on the stock.
• 1/23/2026 – Freeport-McMoRan was downgraded by analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating. They now have a $54.00 price target on the stock, up previously from $53.50.
• 1/23/2026 – Freeport-McMoRan was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating.
• 1/22/2026 – Freeport-McMoRan had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings.
• 1/20/2026 – Freeport-McMoRan had its price target raised by analysts at HSBC Holdings plc from $48.00 to $69.00. They now have a “buy” rating on the stock.
• 1/15/2026 – Freeport-McMoRan had its price target raised by analysts at Raymond James Financial, Inc. from $53.00 to $66.00. They now have an “outperform” rating on the stock.
• 1/14/2026 – Freeport-McMoRan had its price target raised by analysts at BMO Capital Markets from $55.00 to $68.00. They now have an “outperform” rating on the stock.
• 1/13/2026 – Freeport-McMoRan had its price target raised by analysts at Wells Fargo & Company from $55.00 to $64.00. They now have an “overweight” rating on the stock.
• 1/12/2026 – Freeport-McMoRan had its price target raised by analysts at Citigroup Inc. from $48.00 to $67.00. They now have a “buy” rating on the stock.
• 1/8/2026 – Freeport-McMoRan had its price target raised by analysts at Scotiabank from $47.00 to $63.00. They now have an “outperform” rating on the stock.
• 1/8/2026 – Freeport-McMoRan had its price target raised by analysts at JPMorgan Chase & Co. from $58.00 to $68.00. They now have an “overweight” rating on the stock.
• 1/5/2026 – Freeport-McMoRan had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $68.00 price target on the stock.
• 12/31/2025 – Freeport-McMoRan had its price target raised by analysts at Raymond James Financial, Inc. from $49.00 to $53.00. They now have an “outperform” rating on the stock.
• 12/23/2025 – Freeport-McMoRan had its price target raised by analysts at Wells Fargo & Company from $47.00 to $55.00. They now have an “overweight” rating on the stock.
• 12/16/2025 – Freeport-McMoRan had its price target raised by analysts at BMO Capital Markets from $47.00 to $55.00. They now have an “outperform” rating on the stock.
• 12/15/2025 – Freeport-McMoRan had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $53.00 price target on the stock.
• 12/15/2025 – Freeport-McMoRan had its “outperform” rating reaffirmed by analysts at Raymond James Financial, Inc..
• 12/12/2025 – Freeport-McMoRan had its price target raised by analysts at UBS Group AG from $55.00 to $60.00. They now have a “buy” rating on the stock.
• 12/8/2025 – Freeport-McMoRan had its price target raised by analysts at Jefferies Financial Group Inc. from $50.00 to $55.00. They now have a “buy” rating on the stock.
• 12/5/2025 – Freeport-McMoRan had its price target raised by analysts at JPMorgan Chase & Co. from $50.00 to $58.00. They now have an “overweight” rating on the stock.
• 12/5/2025 – Freeport-McMoRan had its price target lowered by analysts at BNP Paribas Exane from $58.00 to $56.00. They now have an “outperform” rating on the stock.

Freeport-McMoRan Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is 19.87%.

Insider Activity

In other news, CAO Ellie L. Mikes sold 9,572 shares of Freeport-McMoRan stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $47.66, for a total transaction of $456,201.52. Following the completion of the sale, the chief accounting officer owned 38,761 shares in the company, valued at $1,847,349.26. The trade was a 19.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Stephen T. Higgins sold 28,423 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $47.99, for a total transaction of $1,364,019.77. Following the completion of the transaction, the chief accounting officer directly owned 105,294 shares in the company, valued at approximately $5,053,059.06. The trade was a 21.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.79% of the stock is currently owned by company insiders.

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.