HSBC Forecasts Strong Price Appreciation for Freeport-McMoRan (NYSE:FCX) Stock

Freeport-McMoRan (NYSE:FCX) had its target price increased by equities researchers at HSBC from $48.00 to $69.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The brokerage presently has a “buy” rating on the natural resource company’s stock. HSBC’s price objective would indicate a potential upside of 13.84% from the stock’s current price.

FCX has been the subject of a number of other reports. BNP Paribas Exane decreased 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 report on Friday, December 5th. Morgan Stanley reissued an “overweight” rating and issued a $53.00 price target on shares of Freeport-McMoRan in a report on Monday, December 15th. Citigroup raised their price objective on Freeport-McMoRan from $48.00 to $67.00 and gave the company a “buy” rating in a research note on Monday, January 12th. UBS Group upped their target price on Freeport-McMoRan from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Finally, Johnson Rice decreased their price target on shares of Freeport-McMoRan from $55.00 to $48.00 in a research report on Monday, September 29th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $55.30.

Freeport-McMoRan Trading Up 0.9%

NYSE FCX opened at $60.61 on Tuesday. The company’s fifty day simple moving average is $49.00 and its 200-day simple moving average is $44.81. Freeport-McMoRan has a 52 week low of $27.66 and a 52 week high of $62.13. The company has a current ratio of 2.45, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The stock has a market cap of $87.03 billion, a P/E ratio of 42.68, a PEG ratio of 0.71 and a beta of 1.45.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings results on Thursday, October 23rd. The natural resource company reported $0.50 earnings per share for the quarter, beating 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 business had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.74 billion. During the same period last year, the business earned $0.38 EPS. The business’s revenue was up 2.7% on a year-over-year basis. Equities research analysts predict that Freeport-McMoRan will post 1.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 9,572 shares of Freeport-McMoRan stock in a transaction on 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 owned 38,761 shares of the company’s stock, valued at $1,847,349.26. The trade was a 19.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Stephen T. Higgins sold 28,423 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $47.99, for a total transaction of $1,364,019.77. Following the sale, the chief accounting officer owned 105,294 shares of the company’s stock, valued at approximately $5,053,059.06. The trade was a 21.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Freeport-McMoRan

Institutional investors and hedge funds have recently bought and sold shares of the business. Callan Family Office LLC grew its stake in shares of Freeport-McMoRan by 229.9% in the second quarter. Callan Family Office LLC now owns 26,983 shares of the natural resource company’s stock worth $1,170,000 after purchasing an additional 18,803 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in Freeport-McMoRan by 11.8% in the second quarter. New York Life Investment Management LLC now owns 215,058 shares of the natural resource company’s stock worth $9,323,000 after purchasing an additional 22,766 shares during the period. Arrow Capital Pty Ltd lifted its holdings in Freeport-McMoRan by 88.5% in the second quarter. Arrow Capital Pty Ltd now owns 113,100 shares of the natural resource company’s stock worth $4,903,000 after purchasing an additional 53,100 shares during the period. Bourgeon Capital Management LLC grew its position in Freeport-McMoRan by 8.1% in the 2nd quarter. Bourgeon Capital Management LLC now owns 331,549 shares of the natural resource company’s stock valued at $14,373,000 after buying an additional 24,803 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC increased its stake in Freeport-McMoRan by 5.7% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 383,488 shares of the natural resource company’s stock valued at $15,213,000 after buying an additional 20,586 shares during the period. Institutional investors and hedge funds own 80.77% of the company’s stock.

More Freeport-McMoRan News

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

• Positive Sentiment: HSBC raised its price target on FCX to $69 and maintained a Buy rating, providing authoritative analyst support that likely lifted investor sentiment. HSBC adjusts price target on Freeport‑McMoRan to $69 from $48; maintains Buy rating
• Positive Sentiment: High‑profile media bullishness: Jim Cramer said Freeport will capture its “fair share” of incoming cash flows, which can drive short‑term retail buying interest. Jim Cramer says Freeport‑McMoRan will get its fair share of money coming in
• Positive Sentiment: Macro copper narrative remains supportive: Forbes and other pieces note a copper rally and market attention on the metal, a tailwind for FCX’s revenue and project economics. Copper Is Sending A Message — Markets Are Finally Listening (Forbes)
• Positive Sentiment: Analyst coverage comparing FCX vs. BHP highlights both companies benefiting from firm copper prices and growth projects, reinforcing investor confidence in Freeport’s long‑term cash flow profile. FCX vs. BHP: Which Copper Mining Giant Should You Invest in Now? (Zacks)
• Neutral Sentiment: Market positioning ahead of Q4 earnings: Pre‑earnings pieces (Schaeffer’s, Zacks) note a rally into the report due Thursday — this raises the chance of volatility around results but also explains buying interest now. Copper Mining Stock Rallying Ahead of Earnings (Schaeffer’s)
• Neutral Sentiment: Practical trade ideas and preview notes recommend playing FCX for higher realized copper prices but flag cost/volume risks; these pieces are informational but not definitive catalysts. Here’s How to Play Freeport‑McMoRan Stock Before Q4 Earnings Release (Zacks)
• Neutral Sentiment: Unrelated small‑cap mining items (C3 Metals financing and drill results) appeared in the news feed but do not directly affect FCX fundamentals. C3 Metals Announces $20 Million Bought Deal Private Placement
• Negative Sentiment: Kuehn Law has opened an investigation into Freeport officers/directors for potential fiduciary breaches — a legal/cloud risk that can weigh on sentiment if it escalates. Kuehn Law Encourages Investors of Freeport‑McMoRan Inc. to Contact Law Firm

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.