Freeport-McMoRan (NYSE:FCX) Rating Lowered to Hold at Wall Street Zen

Freeport-McMoRan (NYSE:FCX) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other analysts also recently weighed in on FCX. BNP Paribas Exane increased 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. Bank of America boosted their price objective on shares of Freeport-McMoRan from $74.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, July 9th. HSBC upped their target price on shares of Freeport-McMoRan from $72.00 to $75.00 in a research note on Friday, June 12th. Raymond James Financial cut their target price on shares of Freeport-McMoRan from $72.00 to $68.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. Finally, Barclays lifted their price target on shares of Freeport-McMoRan from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. One investment 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.27.

Freeport-McMoRan Trading Up 0.1%

NYSE:FCX opened at $69.67 on Friday. Freeport-McMoRan has a 1-year low of $35.15 and a 1-year high of $72.28. The business’s 50-day moving average price is $64.03 and its two-hundred day moving average price is $62.88. The company has a current ratio of 2.07, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $100.16 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 0.70 and a beta of 1.37.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 10.63% and a net margin of 11.39%.The company’s revenue was down 7.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 earnings per share. On average, equities analysts expect that Freeport-McMoRan will post 2.76 earnings per share for the current year.

Insider Activity at Freeport-McMoRan

In related news, CAO Ellie L. Mikes sold 4,773 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $70.00, for a total value of $334,110.00. Following the completion of the transaction, the chief accounting officer directly owned 36,000 shares in the company, valued at approximately $2,520,000. The trade was a 11.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Stephen T. Higgins sold 14,277 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $69.50, for a total value of $992,251.50. Following the sale, the chief accounting officer directly owned 54,618 shares of the company’s stock, valued at approximately $3,795,951. The trade was a 20.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 26,600 shares of company stock valued at $1,802,012 over the last quarter. 0.73% of the stock is owned by insiders.

Institutional Investors Weigh In On Freeport-McMoRan

Several large investors have recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL acquired a new position in Freeport-McMoRan in the 4th quarter worth $25,000. Steph & Co. raised its stake in shares of Freeport-McMoRan by 43.7% in the 1st quarter. Steph & Co. now owns 493 shares of the natural resource company’s stock valued at $29,000 after purchasing an additional 150 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Freeport-McMoRan in the 1st quarter valued at about $29,000. Kemnay Advisory Services Inc. bought a new stake in shares of Freeport-McMoRan in the fourth quarter valued at about $29,000. Finally, SHP Wealth Management bought a new stake in shares of Freeport-McMoRan in the fourth quarter valued at about $30,000. Institutional investors own 80.77% of the company’s stock.

More Freeport-McMoRan News

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

• Positive Sentiment: Freeport-McMoRan declared a quarterly dividend of $0.075 per share, equivalent to $0.30 annually and a yield of approximately 0.4%. The dividend provides a modest income component for shareholders. Freeport-McMoRan Declares Dividend
• Positive Sentiment: Market attention remains centered on FCX’s copper exposure, with demand expectations tied to electrification, power-grid investment, electric vehicles and data-center infrastructure. Copper and gold prices and outlooks remain important potential catalysts. Why Freeport-McMoRan Is Drawing Copper Attention
• Positive Sentiment: Unusually high options activity indicates heightened trader interest and potentially bullish speculation in FCX, though options positioning can also increase short-term volatility. Freeport-McMoRan Target of Unusually High Options Trading
• Neutral Sentiment: Zacks Research raised its FY2026 EPS forecast to $2.52 from $2.43 and its Q1 2027 estimate to $0.85 from $0.75. However, the firm maintained its current-year consensus reference at $2.75, making the broader earnings signal mixed.
• Negative Sentiment: Zacks cut several forward estimates, including Q3 and Q4 2026 EPS to $0.63 and $0.58, FY2027 EPS to $3.54 from $3.65, and FY2028 EPS to $3.52 from $3.82. The reductions may raise concerns about production, commodity-price or cost assumptions.
• Negative Sentiment: Chief Accounting Officer Ellie Mikes sold 4,773 shares for approximately $334,110, reducing her direct holdings by 11.71%. The sale is a modest negative sentiment signal, though it may reflect personal financial planning rather than weaker company fundamentals. Ellie Mikes Sells FCX Shares

Freeport-McMoRan Company Profile

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.