Freeport-McMoRan (NYSE:FCX) Trading 2.3% Higher – Time to Buy?

Freeport-McMoRan Inc. (NYSE:FCX)’s share price was up 2.3% during trading on Friday . The company traded as high as $52.19 and last traded at $51.9350. Approximately 11,405,072 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 14,012,730 shares. The stock had previously closed at $50.79.

More Freeport-McMoRan News

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

• Positive Sentiment: Raymond James analyst bullish call — A Raymond James note reported by AmericanBankingNews says FCX’s stock price is expected to rise, providing a near?term fundamental/consensus positive catalyst for the share move today. Article Title
• Neutral Sentiment: Market/technical update — AmericanBankingNews ran a piece on recent share weakness and outlook (shares had traded down in a prior session), which may reflect short?term volatility and differing analyst views rather than a change in underlying commodity fundamentals. Article Title
• Negative Sentiment: Multiple securities?class action notices and lead?plaintiff deadlines — Several law firms (Rosen Law Firm, Robbins Geller Rudman & Dowd, Faruqi & Faruqi, Levi & Korsinsky, Schall Law, Howard G. Smith, etc.) have issued notices seeking lead plaintiffs in a class action alleging securities claims covering Feb. 15, 2022–Sept. 24, 2025; the lead?plaintiff filing deadline is Jan. 12, 2026. This cluster of litigation notices increases legal and reputational risk and could lead to future expense or settlement exposure that would be negative for FCX’s valuation. Article Title

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada dropped their target price on Freeport-McMoRan from $54.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 1st. Clarkson Capital raised shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Wednesday, November 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Freeport-McMoRan in a report on Wednesday, November 26th. Bank of America raised shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Tuesday, September 30th. Finally, Scotiabank upgraded shares of Freeport-McMoRan from a “sector perform” rating to a “sector outperform” rating and reduced their target price for the stock from $51.00 to $47.00 in a report on Wednesday, November 19th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $49.87.

Freeport-McMoRan Trading Up 2.3%

The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 2.45. The firm has a fifty day moving average price of $44.55 and a 200 day moving average price of $43.46. The company has a market cap of $74.58 billion, a price-to-earnings ratio of 36.57, a P/E/G ratio of 0.87 and a beta of 1.45.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Thursday, October 23rd. The natural resource company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. The business had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.74 billion. Freeport-McMoRan had a net margin of 7.97% and a return on equity of 7.84%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 earnings per share. As a group, equities analysts predict that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio is presently 21.13%.

Insider Activity

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 9,572 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $47.66, for a total value of $456,201.52. Following the sale, the chief accounting officer owned 38,761 shares in the company, valued at $1,847,349.26. This represents a 19.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value of $1,364,019.77. Following the completion of the sale, the chief accounting officer directly owned 105,294 shares of the company’s stock, valued at approximately $5,053,059.06. The trade was a 21.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Steigerwald Gordon & Koch Inc. bought a new position in Freeport-McMoRan during the third quarter worth $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Freeport-McMoRan in the second quarter valued at about $28,000. Salomon & Ludwin LLC lifted its stake in shares of Freeport-McMoRan by 1,962.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock worth $29,000 after buying an additional 687 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Freeport-McMoRan during the 3rd quarter worth about $33,000. Finally, Beacon Capital Management LLC boosted its holdings in shares of Freeport-McMoRan by 59.6% during the 2nd quarter. Beacon Capital Management LLC now owns 876 shares of the natural resource company’s stock worth $38,000 after buying an additional 327 shares during the period. 80.77% of the stock is owned by institutional investors and hedge funds.

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.