Freeport-McMoRan (NYSE:FCX) CAO Sells $992,251.50 in Stock

Freeport-McMoRan Inc. (NYSE:FCX) CAO Stephen 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 completion of the transaction, the chief accounting officer directly owned 54,618 shares of the company’s stock, valued at $3,795,951. This represents a 20.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Freeport-McMoRan Stock Performance

Shares of Freeport-McMoRan stock opened at $69.67 on Friday. 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 business has a fifty day simple moving average of $64.03 and a two-hundred day simple moving average of $62.85. The firm has a market capitalization of $100.16 billion, a P/E ratio of 34.32, a P/E/G ratio of 0.68 and a beta of 1.37. Freeport-McMoRan Inc. has a 12 month low of $35.15 and a 12 month high of $72.28.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings data on Thursday, July 23rd. The natural resource company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.62 by $0.12. Freeport-McMoRan had a net margin of 11.39% and a return on equity of 10.63%. The business had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Freeport-McMoRan’s quarterly revenue was down 7.3% on a year-over-year basis. On average, equities analysts forecast that Freeport-McMoRan Inc. will post 2.76 earnings per share for the current fiscal year.

Freeport-McMoRan Announces Dividend

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

Key Headlines Impacting Freeport-McMoRan

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on FCX shares. JPMorgan Chase & Co. upped their price target on Freeport-McMoRan from $73.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Jefferies Financial Group boosted their price objective on Freeport-McMoRan from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Wall Street Zen lowered Freeport-McMoRan from a “buy” rating to a “hold” rating in a research note on Saturday. BNP Paribas Exane increased their price objective on shares of Freeport-McMoRan from $71.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. Finally, Stifel Nicolaus lifted their target price on Freeport-McMoRan from $76.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Freeport-McMoRan presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.27.

Hedge Funds Weigh In On Freeport-McMoRan

Large investors have recently bought and sold shares of the business. Brighton Jones LLC grew its stake in Freeport-McMoRan by 24.2% in the 4th quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company’s stock worth $564,000 after acquiring an additional 2,882 shares in the last quarter. Bison Wealth LLC raised its position in shares of Freeport-McMoRan by 5.6% in the 4th quarter. Bison Wealth LLC now owns 9,616 shares of the natural resource company’s stock worth $366,000 after acquiring an additional 507 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Freeport-McMoRan during the second quarter valued at about $560,000. Brown Advisory Inc. lifted its position in Freeport-McMoRan by 27.0% during the second quarter. Brown Advisory Inc. now owns 12,443 shares of the natural resource company’s stock valued at $539,000 after acquiring an additional 2,648 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings in shares of Freeport-McMoRan by 42.7% during the 2nd quarter. Jump Financial LLC now owns 50,114 shares of the natural resource company’s stock valued at $2,172,000 after purchasing an additional 14,992 shares during the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.

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.