Freeport-McMoRan (NYSE:FCX) CAO Ellie Mikes Sells 11,000 Shares

Freeport-McMoRan Inc. (NYSE:FCX) CAO Ellie Mikes sold 11,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $62.03, for a total transaction of $682,330.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Freeport-McMoRan Price Performance

NYSE:FCX opened at $62.56 on Thursday. The firm has a market capitalization of $89.84 billion, a price-to-earnings ratio of 41.43, a P/E/G ratio of 0.67 and a beta of 1.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 2.29. The stock has a fifty day moving average of $56.95 and a 200 day moving average of $47.31. Freeport-McMoRan Inc. has a 52-week low of $27.66 and a 52-week high of $69.44.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings results on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.19. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The firm had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter last year, the firm posted $0.31 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. On average, research analysts expect that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, January 15th. Freeport-McMoRan’s payout ratio is currently 19.87%.

Institutional Trading of Freeport-McMoRan

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Freeport-McMoRan in the third quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in Freeport-McMoRan during the 2nd quarter valued at about $28,000. Salomon & Ludwin LLC increased its holdings in Freeport-McMoRan by 1,962.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock valued at $29,000 after purchasing an additional 687 shares during the period. Kemnay Advisory Services Inc. bought a new position in Freeport-McMoRan during the 4th quarter valued at approximately $29,000. Finally, JPL Wealth Management LLC purchased a new stake in Freeport-McMoRan in the 3rd quarter worth approximately $33,000. Institutional investors own 80.77% of the company’s stock.

Key Stories Impacting Freeport-McMoRan

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

• Positive Sentiment: Company secured a Memorandum of Understanding with the Indonesian government to amend PT Freeport Indonesia’s special mining business license (IUPK) for a life‑of‑resource extension of operating rights — this lowers regulatory tenure risk for Grasberg (a top global copper/gold asset) and strengthens Freeport’s long‑term production and cash‑flow outlook. FCX Announces Agreement for Life of Resource Extension of Operating Rights in Grasberg Minerals District
• Positive Sentiment: Jefferies raised its price target on FCX to $76 (from $68) and maintained a Buy rating — a prominent broker upgrade that can attract flows and supports upside expectations versus the current market price. Jefferies adjusts Freeport McMoran PT to $76 from $68, maintains buy rating
• Negative Sentiment: Senior insiders disclosed stock sales this week: CFO Maree Robertson sold 48,500 shares (filed with the SEC) and CAO Ellie Mikes sold 11,000 shares — sizable disposals that may be viewed negatively by some investors even if they’re routine or for diversification. SEC filing — CFO sale SEC filing — CAO sale
• Negative Sentiment: Sector commentary highlights strong performance from peers (e.g., BHP) and increased copper demand — but also notes Freeport is still dealing with the aftermath of the 2025 Grasberg mudflow, which has limited near‑term production and may delay Freeport’s ability to fully benefit from a copper rally. (Market positioning and operational recovery timelines remain key risks.)

Analysts Set New Price Targets

Several research analysts recently issued reports on FCX shares. UBS Group upped their target price on shares of Freeport-McMoRan from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. BMO Capital Markets upped their price objective on Freeport-McMoRan from $55.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. Jefferies Financial Group raised their price objective on Freeport-McMoRan from $68.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday. BNP Paribas Exane boosted their target price on Freeport-McMoRan from $56.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Finally, Morgan Stanley set a $70.00 target price on Freeport-McMoRan in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Freeport-McMoRan presently has an average rating of “Moderate Buy” and an average price target of $60.64.

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.