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

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

More Freeport-McMoRan News

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

Analyst Ratings Changes

A number of analysts have recently commented on FCX shares. Wells Fargo & Company lifted their price target on shares of Freeport-McMoRan from $47.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 23rd. Scotiabank raised their target price on shares of Freeport-McMoRan from $47.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Freeport-McMoRan in a research note on Wednesday, October 8th. Johnson Rice lowered their price target on Freeport-McMoRan from $55.00 to $48.00 in a report on Monday, September 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Freeport-McMoRan in a research note on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $52.63.

Freeport-McMoRan Stock Performance

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

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 return on equity of 7.84% and a net margin of 7.97%.The company had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $6.74 billion. During the same period in the previous year, the firm earned $0.38 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts forecast that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders 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 yield of 0.5%. The ex-dividend date is Thursday, January 15th. Freeport-McMoRan’s payout ratio is currently 21.13%.

Insider Activity

In other news, CAO Stephen T. Higgins sold 28,423 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $47.99, for a total transaction of $1,364,019.77. Following the completion of the transaction, the chief accounting officer owned 105,294 shares in the company, valued at $5,053,059.06. This trade represents a 21.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Ellie L. Mikes sold 9,572 shares of Freeport-McMoRan stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $47.66, for a total value of $456,201.52. Following the completion of the sale, the chief accounting officer directly owned 38,761 shares in the company, valued at $1,847,349.26. This trade represents a 19.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.79% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FCX. Steigerwald Gordon & Koch Inc. purchased a new stake in Freeport-McMoRan during the third quarter valued at $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Freeport-McMoRan in the 2nd quarter worth about $28,000. Salomon & Ludwin LLC increased its holdings in shares of Freeport-McMoRan by 1,962.9% in 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 purchased a new stake in shares of Freeport-McMoRan during the 3rd quarter valued at about $33,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in Freeport-McMoRan in the third quarter worth about $36,000. 80.77% of the stock is currently owned by 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.