BMO Capital Markets Forecasts Strong Price Appreciation for Freeport-McMoRan (NYSE:FCX) Stock

Freeport-McMoRan (NYSE:FCX) had its target price increased by equities research analysts at BMO Capital Markets from $55.00 to $68.00 in a research note issued on Wednesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the natural resource company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 13.48% from the company’s previous close.

FCX has been the subject of several other research reports. Hsbc Global Res raised shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Wall Street Zen cut shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $68.00 price target on shares of Freeport-McMoRan in a report on Monday, January 5th. Citigroup raised their price objective on Freeport-McMoRan from $48.00 to $67.00 and gave the company a “buy” rating in a research report on Monday. Finally, Bank of America raised Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $54.30.

Freeport-McMoRan Stock Performance

NYSE FCX opened at $59.92 on Wednesday. The firm has a market capitalization of $86.04 billion, a P/E ratio of 42.20, a P/E/G ratio of 0.74 and a beta of 1.45. Freeport-McMoRan has a 1-year low of $27.66 and a 1-year high of $60.71. 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 business’s 50-day simple moving average is $47.51 and its 200-day simple moving average is $44.41.

Freeport-McMoRan (NYSE:FCX) last posted its 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. 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 during the quarter, compared to the consensus estimate of $6.74 billion. During the same quarter in the prior year, the company earned $0.38 EPS. The company’s revenue was up 2.7% on a year-over-year basis. Equities analysts predict that Freeport-McMoRan will post 1.68 EPS for the current year.

Insider Transactions at Freeport-McMoRan

In related news, CAO Stephen T. Higgins sold 28,423 shares of the business’s 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 transaction, the chief accounting officer owned 105,294 shares in the company, valued at approximately $5,053,059.06. The trade was a 21.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Ellie L. Mikes sold 9,572 shares of the 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 completion of the transaction, the chief accounting officer directly owned 38,761 shares of the company’s stock, valued at $1,847,349.26. This represents a 19.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.75% of the stock is currently owned by insiders.

Institutional Trading of Freeport-McMoRan

A number of hedge funds have recently made changes to their positions in the stock. 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 worth $564,000 after acquiring an additional 2,882 shares in the last quarter. Bison Wealth LLC raised its stake in shares of 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 purchasing an additional 507 shares in the last quarter. Fiduciary Alliance LLC bought a new position in shares of Freeport-McMoRan during the second quarter worth about $264,000. Breakwater Capital Group grew its stake in Freeport-McMoRan by 41.0% in the second quarter. Breakwater Capital Group now owns 14,680 shares of the natural resource company’s stock worth $636,000 after purchasing an additional 4,265 shares in the last quarter. Finally, Pallas Capital Advisors LLC grew its stake in Freeport-McMoRan by 111.1% in the second quarter. Pallas Capital Advisors LLC now owns 38,775 shares of the natural resource company’s stock worth $1,681,000 after purchasing an additional 20,407 shares in the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

Freeport-McMoRan News Summary

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

• Positive Sentiment: BMO Capital Markets raised its price target on FCX to $68 (from $55) and kept an “outperform” rating — a meaningful upside signal for investors. BMO Raises PT to $68
• Positive Sentiment: Raymond James also raised its target to $66 (from $53) and maintained an “outperform” rating, reinforcing the buy-side momentum behind FCX. Raymond James Raises PT to $66
• Positive Sentiment: Zacks highlights that FCX appears positioned to beat upcoming earnings estimates — a potential catalyst if affirmed by the company’s results and guidance. Zacks: Expected Earnings Beat
• Positive Sentiment: Bank of America included Freeport-McMoRan among its top commodity/mining picks for 2026, citing copper’s breakout and long-term demand — supportive macro for FCX’s commodity exposure. MarketBeat: BAC Bullish on FCX
• Neutral Sentiment: Freeport is scheduled to report quarterly results this week — the actual EPS/revenue and any forward commentary will likely move the stock. Earnings Release Schedule
• Neutral Sentiment: Market and equity analysts remain focused on FCX’s technical breakout and analyst coverage (multiple recent write-ups), which can amplify momentum flows but aren’t direct fundamental changes. Seeking Alpha: Technical Breakout
• Negative Sentiment: Operational and safety risks persist (references to past incidents in Indonesia) — these remain downside risk factors if new updates surface or if production/guidance is impacted. MarketBeat: Notes on Operational Risk

Freeport-McMoRan Company Profile

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.