Freeport-McMoRan (NYSE:FCX) Price Target Raised to $68.00 at JPMorgan Chase & Co.

Freeport-McMoRan (NYSE:FCX) had its price target increased by JPMorgan Chase & Co. from $58.00 to $68.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the natural resource company’s stock.

FCX has been the subject of a number of other reports. Weiss Ratings restated a “hold (c)” rating on shares of Freeport-McMoRan in a report on Wednesday, October 8th. Royal Bank Of Canada decreased their price target on shares of Freeport-McMoRan from $54.00 to $48.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 1st. BNP Paribas Exane lowered their price objective on shares of Freeport-McMoRan from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. Citigroup raised Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Wednesday, October 8th. Finally, Clarkson Capital raised Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Wednesday, November 19th. Three equities research 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. According to data from MarketBeat.com, Freeport-McMoRan currently has an average rating of “Buy” and a consensus target price of $51.73.

Freeport-McMoRan Stock Performance

Freeport-McMoRan stock opened at $54.19 on Thursday. The firm has a market capitalization of $77.81 billion, a P/E ratio of 38.16, a PEG ratio of 0.92 and a beta of 1.45. The stock has a fifty day moving average price of $45.64 and a 200 day moving average price of $43.84. Freeport-McMoRan has a 52 week low of $27.66 and a 52 week high of $57.12. The company has a current ratio of 2.45, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29.

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

Freeport-McMoRan Cuts Dividend

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

Insider Activity

In other news, CAO Stephen T. Higgins sold 28,423 shares of the stock in a transaction dated Thursday, December 11th. The stock was 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 owned 105,294 shares in the company, valued at approximately $5,053,059.06. This trade represents a 21.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Ellie L. Mikes sold 9,572 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were 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 approximately $1,847,349.26. The trade was a 19.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.75% of the company’s stock.

Institutional Trading of Freeport-McMoRan

Large investors have recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in Freeport-McMoRan by 24.2% during the 4th quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company’s stock valued at $564,000 after purchasing an additional 2,882 shares in the last quarter. Bison Wealth LLC boosted its position in Freeport-McMoRan by 5.6% in the 4th quarter. Bison Wealth LLC now owns 9,616 shares of the natural resource company’s stock valued at $366,000 after buying an additional 507 shares during the last quarter. Ascent Group LLC purchased a new position in Freeport-McMoRan in the 1st quarter valued at about $374,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Freeport-McMoRan by 6.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,560,992 shares of the natural resource company’s stock valued at $286,259,000 after acquiring an additional 456,211 shares in the last quarter. Finally, Bayforest Capital Ltd increased its position in shares of Freeport-McMoRan by 35.3% during the first quarter. Bayforest Capital Ltd now owns 3,948 shares of the natural resource company’s stock worth $149,000 after acquiring an additional 1,030 shares during the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

Trending Headlines about Freeport-McMoRan

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

• Positive Sentiment: Analyst upgrades and higher price targets from major banks boost upside expectations — JPMorgan raised its target to $68 and gave an overweight rating, while Scotiabank bumped its target to $63 and kept an outperform call. JPMorgan target raise (Benzinga) Scotiabank target raise (BayStreet.CA)
• Positive Sentiment: Broader positive industry calls — Bank of America named Freeport a top North American mining pick for 2026, reflecting favorable commodity outlooks (notably copper). Bank of America picks (Proactive Investors)
• Positive Sentiment: Momentum indicators and investor positioning remain constructive — FCX has jumped ~30% over three months on strong copper prices, and recent heavy call‑option buying plus a consensus “Buy” from brokerages signal continued bullish interest. 30% rally & analysis (Zacks) Call options flow (AmericanBankingNews)
• Neutral Sentiment: Short‑term price action context — market commentary notes FCX pulled back while broader markets improved; useful for gauging whether the move is stock‑specific or market‑wide. Price session note (Zacks)
• Neutral Sentiment: Valuation review — analysts and outlets are checking FCX valuation after recent momentum; this can moderate trading as investors reassess upside vs. fundamentals. Valuation check (Yahoo/Finance)
• Negative Sentiment: Multiple securities‑litigation notices and lead‑plaintiff deadlines (Jan. 12) have been circulated by several law firms and firms are soliciting potential lead plaintiffs — this increases legal overhang and potential costs/management distraction. Gross Law Firm notice (GlobeNewswire) Robbins Geller deadline (PR Newswire)
• Negative Sentiment: Operational cost pressures — company reported a 24% spike in unit cash costs in Q3 with expectation of higher costs in Q4, which could pressure margins if sustained. Unit cash costs (Zacks)

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.