Key Points
- Freeport-McMoRan CAO Stephen Higgins sold 14,277 shares at an average price of $69.50, totaling approximately $992,252. His direct ownership fell 20.72% to 54,618 shares.
- FCX recently reported quarterly EPS of $0.74, exceeding the $0.62 consensus estimate, while revenue of $7.03 billion also topped expectations. However, revenue declined 7.3% year over year.
- The company pays a quarterly dividend of $0.075 per share, equal to $0.30 annually and a 0.4% yield. Analysts maintain a broadly favorable outlook, with the stock carrying a “Moderate Buy” consensus rating and an average target price of $70.27.
Freeport-McMoRan Inc. (NYSE:FCX - Get Free Report) CAO Ellie Mikes sold 4,773 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $70.00, for a total value of $334,110.00. Following the sale, the chief accounting officer directly owned 36,000 shares of the company's stock, valued at $2,520,000. The trade was a 11.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Freeport-McMoRan Trading Up 3.2%
Shares of FCX stock opened at $69.45 on Thursday. Freeport-McMoRan Inc. has a 12 month low of $35.15 and a 12 month high of $72.28. The company has a market cap of $99.84 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 0.68 and a beta of 1.37. The company has a quick ratio of 0.92, a current ratio of 2.07 and a debt-to-equity ratio of 0.25. The business's 50 day moving average is $63.90 and its two-hundred day moving average is $62.74.
Freeport-McMoRan (NYSE:FCX - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.12. The business had revenue of $7.03 billion during the quarter, compared to analysts' expectations of $6.62 billion. Freeport-McMoRan had a net margin of 11.39% and a return on equity of 10.63%. Freeport-McMoRan's revenue for the quarter was down 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. Equities analysts predict that Freeport-McMoRan Inc. will post 2.75 EPS for the current year.
Freeport-McMoRan Announces Dividend
The company also recently announced 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 14.78%.
Key Stories Impacting Freeport-McMoRan
Here are the key news stories impacting Freeport-McMoRan this week:
- Positive Sentiment: Analysts and industry coverage highlighted Freeport-McMoRan’s exposure to rising copper demand from electric vehicles, grid upgrades and data-center infrastructure. Freeport-McMoRan in Focus as Copper Demand From EVs and Grids Builds
- Positive Sentiment: FCX was identified as one of the copper stocks flashing a buy signal, alongside broader strength in industrial-metal and rare-earth equities. Retreating oil prices and reported progress toward reopening the Strait of Hormuz were viewed as supportive of global growth sentiment. FCX Flashes Buy Signal
- Positive Sentiment: Recent company updates pointed to higher copper and gold sales expected in the second half of 2026 and into 2027. Continued share repurchases—approximately 55.4 million shares bought for $2.2 billion since late 2021—could support earnings per share by reducing the share count. FCX Upgraded Copper-Gold Outlook and Ongoing Buybacks
- Positive Sentiment: Unusual options activity showed traders purchasing 75,145 FCX call options, about 30% above typical daily call volume, signaling increased speculative bullish interest.
- Neutral Sentiment: Zacks listed FCX among non-ferrous mining stocks worth watching for long-term growth despite a weak near-term industry outlook. Non-Ferrous Metal Mining Stocks to Watch
- Negative Sentiment: Freeport-McMoRan Chief Accounting Officer Ellie L. Mikes sold 4,773 shares for approximately $334,110, reducing her direct holdings by 11.71%. The transaction was disclosed in an SEC filing, although insider sales can reflect personal financial considerations and do not necessarily indicate a change in company fundamentals. SEC Insider Sale Filing
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Freeport-McMoRan from a "hold" rating to a "buy" rating in a report on Saturday, June 13th. BMO Capital Markets reiterated an "outperform" rating and issued a $78.00 price objective on shares of Freeport-McMoRan in a research note on Thursday, July 23rd. The Goldman Sachs Group cut their price objective on Freeport-McMoRan from $75.00 to $74.00 and set a "buy" rating for the company in a research report on Wednesday, July 8th. Sanford C. Bernstein increased their target price on Freeport-McMoRan from $53.50 to $58.50 and gave the company a "market perform" rating in a research note on Wednesday, June 10th. Finally, BNP Paribas Exane lifted their price target on Freeport-McMoRan from $71.00 to $82.00 and gave the stock an "outperform" rating in a research report on Thursday, June 18th. One equities research 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. According to MarketBeat, Freeport-McMoRan presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.27.
Read Our Latest Research Report on Freeport-McMoRan
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Freeport-McMoRan by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 130,332,957 shares of the natural resource company's stock valued at $6,619,611,000 after buying an additional 1,572,769 shares during the last quarter. Fisher Asset Management LLC grew its position in Freeport-McMoRan by 1.0% during the fourth quarter. Fisher Asset Management LLC now owns 63,880,757 shares of the natural resource company's stock worth $3,244,504,000 after buying an additional 622,343 shares in the last quarter. State Street Corp grew its position in Freeport-McMoRan by 0.6% during the fourth quarter. State Street Corp now owns 62,873,136 shares of the natural resource company's stock worth $3,193,327,000 after buying an additional 395,226 shares in the last quarter. Bank of America Corp DE increased its stake in Freeport-McMoRan by 20.0% during the first quarter. Bank of America Corp DE now owns 42,345,502 shares of the natural resource company's stock valued at $2,489,069,000 after acquiring an additional 7,044,775 shares during the period. Finally, Franklin Resources Inc. increased its stake in Freeport-McMoRan by 31.2% during the fourth quarter. Franklin Resources Inc. now owns 37,353,852 shares of the natural resource company's stock valued at $1,897,202,000 after acquiring an additional 8,891,743 shares during the period. Institutional investors own 80.77% of the company's stock.
Freeport-McMoRan Company Profile
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Get Free Report)
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.
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