Freeport-McMoRan (NYSE:FCX) Shares Up 3.8% – Still a Buy?

Shares of Freeport-McMoRan Inc. (NYSE:FCX) traded up 3.8% during mid-day trading on Monday . The company traded as high as $58.83 and last traded at $58.69. 20,310,587 shares were traded during trading, a decline of 9% from the average session volume of 22,322,453 shares. The stock had previously closed at $56.53.

Key Headlines Impacting Freeport-McMoRan

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

• Positive Sentiment: Analyst upgrade cited as a near‑term catalyst that pushed buying interest in FCX, noted by coverage showing the stock trading higher after the upgrade. Freeport-McMoRan (NYSE:FCX) Trading 4.2% Higher Following Analyst Upgrade
• Positive Sentiment: Market coverage explaining drivers for the rally (commodity/metal prices and analyst commentary) which likely supported buying momentum. Here’s what lifted Freeport McMoRan (FCX)
• Neutral Sentiment: Unrelated industry news — C3 Metals restarts exploration in Jamaica after storm recovery; note: this is not about FCX but part of broader mining sector activity. C3 Metals Restarts Full Exploration Activities in Jamaica
• Negative Sentiment: Multiple law firms (Faruqi & Faruqi, Schall Law, Frank R. Cruz, Bronstein Gewirtz & Grossman) are circulating reminders about a securities class action against FCX and urging investors to seek lead‑plaintiff status with a Jan. 12, 2026 deadline — this raises legal/settlement risk and could pressure sentiment if filings or allegations gain traction. FINAL DEADLINE REMINDER: Faruqi & Faruqi, LLP Reminds Freeport-McMoRan Investors of the Pending Class Action Lawsuit DEADLINE ALERT — Frank R. Cruz Schall Law Firm Notice Bronstein, Gewirtz & Grossman Notice

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FCX shares. Bank of America raised Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Tuesday, September 30th. Dbs Bank dropped their price objective on shares of Freeport-McMoRan from $51.00 to $48.00 in a research note on Thursday, October 2nd. UBS Group increased their target price on shares of Freeport-McMoRan from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Wall Street Zen lowered shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, CICC Research cut their price target on shares of Freeport-McMoRan from $51.60 to $42.30 and set an “outperform” rating on the stock in a report on Friday, September 26th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $52.63.

Freeport-McMoRan Stock Performance

The firm has a market capitalization of $84.27 billion, a P/E ratio of 41.33, a P/E/G ratio of 0.73 and a beta of 1.45. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.45 and a quick ratio of 1.19. The firm has a 50-day moving average price of $46.28 and a two-hundred day moving average price of $44.08.

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

Freeport-McMoRan Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Freeport-McMoRan’s dividend payout ratio (DPR) is 21.13%.

Insider Buying and Selling

In related news, CAO Ellie L. Mikes sold 9,572 shares of the 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 transaction, the chief accounting officer owned 38,761 shares of the company’s stock, valued at $1,847,349.26. This represents a 19.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen T. Higgins sold 28,423 shares of Freeport-McMoRan stock in a transaction 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 sale, the chief accounting officer directly owned 105,294 shares of the company’s stock, valued at approximately $5,053,059.06. This trade represents a 21.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.79% of the stock is currently owned by insiders.

Institutional Trading of Freeport-McMoRan

Hedge funds have recently added to or reduced their stakes in the business. Steigerwald Gordon & Koch Inc. purchased a new position in Freeport-McMoRan during the 3rd quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Freeport-McMoRan in the 2nd quarter worth approximately $28,000. Salomon & Ludwin LLC boosted its stake in shares of Freeport-McMoRan by 1,962.9% during the third 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 in the last quarter. JPL Wealth Management LLC purchased a new position in Freeport-McMoRan during the third quarter valued at approximately $33,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in Freeport-McMoRan in the third quarter worth approximately $36,000. 80.77% of the stock is owned by hedge funds and other institutional investors.

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.