Stephen Higgins Sells 14,277 Shares of Freeport-McMoRan (NYSE:FCX) 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 shares were sold at an average price of $69.50, for a total transaction of $992,251.50. Following the sale, the chief accounting officer owned 54,618 shares in the company, valued at approximately $3,795,951. The trade was a 20.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Freeport-McMoRan Price Performance

Shares of NYSE FCX opened at $68.17 on Friday. Freeport-McMoRan Inc. has a twelve month low of $35.15 and a twelve month high of $72.28. The firm has a market cap of $98.00 billion, a P/E ratio of 33.58, a PEG ratio of 0.70 and a beta of 1.37. The company has a 50 day moving average of $63.95 and a 200 day moving average of $62.80. The company has a quick ratio of 0.92, a current ratio of 2.07 and a debt-to-equity ratio of 0.25.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Thursday, July 23rd. The natural resource company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.62 by $0.12. The business had revenue of $7.03 billion for the quarter, compared to the consensus estimate 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 period last year, the business posted $0.54 EPS. As a group, research analysts expect that Freeport-McMoRan Inc. will post 2.75 EPS for the current fiscal year.

Freeport-McMoRan Announces Dividend

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

More Freeport-McMoRan News

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

• Positive Sentiment: Analysts continue to highlight FCX’s leverage to potential growth in copper demand from electric vehicles, power-grid upgrades and data-center infrastructure. Freeport-McMoRan in Focus as Copper Demand From EVs and Grids Builds
• Positive Sentiment: Recent coverage also points to expected increases in copper and gold sales during the second half of 2026 and into 2027, while the company’s ongoing share repurchases could support earnings per share by reducing its share count.
• Positive Sentiment: Unusually high options activity indicates elevated speculative interest in FCX, including roughly 75,145 call options purchased—about 30% above typical daily call volume.
• Positive Sentiment: Freeport-McMoRan recently paid a quarterly dividend of $0.075 per share, equivalent to $0.30 annually. Although the approximately 0.4% yield is modest, the payment reinforces the company’s shareholder-return program. Freeport-McMoRan Declares Dividend
• Neutral Sentiment: Zacks listed FCX among non-ferrous mining stocks worth watching for long-term growth, but cautioned that the broader industry faces a weak near-term outlook. Zacks Industry Outlook
• Positive Sentiment: The company’s latest reported quarter exceeded expectations, with earnings per share of $0.74 versus a $0.62 consensus estimate and revenue of $7.03 billion versus expectations of $6.62 billion.
• Negative Sentiment: Chief Accounting Officer Ellie Mikes sold 4,773 shares for approximately $334,110, while another filing reported Stephen Higgins selling 14,277 shares for about $992,252. The insider selling may weigh on sentiment, although such transactions can reflect personal financial planning rather than weaker business prospects. FCX Insider Trading

Analyst Ratings Changes

A number of analysts have recently issued reports on FCX shares. JPMorgan Chase & Co. raised their price target on shares of Freeport-McMoRan from $73.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. UBS Group boosted their price objective on shares of Freeport-McMoRan from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Jefferies Financial Group increased their price objective on shares of Freeport-McMoRan from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Barclays raised their target price on shares of Freeport-McMoRan from $80.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Finally, HSBC boosted their target price on shares of Freeport-McMoRan from $72.00 to $75.00 in a research note on Friday, June 12th. 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 company’s stock. Based on data from MarketBeat, Freeport-McMoRan has an average rating of “Moderate Buy” and an average target price of $70.27.

Institutional Trading of Freeport-McMoRan

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Freeport-McMoRan in the 4th quarter worth $25,000. Steph & Co. lifted its position in Freeport-McMoRan by 43.7% during the first quarter. Steph & Co. now owns 493 shares of the natural resource company’s stock valued at $29,000 after purchasing an additional 150 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in Freeport-McMoRan during the first quarter valued at about $29,000. Kemnay Advisory Services Inc. bought a new stake in Freeport-McMoRan during the fourth quarter valued at about $29,000. Finally, SHP Wealth Management purchased a new stake in Freeport-McMoRan in the fourth quarter worth about $30,000. 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.