Freeport-McMoRan (NYSE:FCX) Price Target Raised to $70.00 at Scotiabank

Freeport-McMoRan (NYSE:FCX) had its price objective lifted by Scotiabank from $63.00 to $70.00 in a research note issued to investors on Monday morning, MarketBeat.com reports. They currently have an outperform rating on the natural resource company’s stock.

Other research analysts have also issued research reports about the company. Wells Fargo & Company upped their price objective on Freeport-McMoRan from $55.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Jefferies Financial Group reissued a “buy” rating and set a $68.00 price target on shares of Freeport-McMoRan in a report on Monday, January 5th. BMO Capital Markets upped their price target on shares of Freeport-McMoRan from $55.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Royal Bank Of Canada cut their price objective on shares of Freeport-McMoRan from $54.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 1st. Finally, Hsbc Global Res raised shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $57.59.

Freeport-McMoRan Stock Up 1.3%

FCX stock opened at $61.21 on Monday. The company has a market capitalization of $87.89 billion, a P/E ratio of 40.54, a PEG ratio of 0.71 and a beta of 1.45. The firm has a 50 day simple moving average of $50.22 and a 200-day simple moving average of $45.10. The company has a current ratio of 2.29, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. Freeport-McMoRan has a twelve month low of $27.66 and a twelve month high of $63.58.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings data on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.19. The firm had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.42 billion. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.Freeport-McMoRan’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 earnings per share. On average, equities research analysts predict that Freeport-McMoRan will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be given a $0.075 dividend. The ex-dividend date is Thursday, January 15th. This represents a $0.30 annualized dividend and a yield of 0.5%. Freeport-McMoRan’s payout ratio is 19.87%.

Insider Transactions at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 9,572 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $47.66, for a total transaction of $456,201.52. Following the sale, the chief accounting officer directly owned 38,761 shares of the company’s stock, valued at $1,847,349.26. The trade was a 19.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Stephen T. Higgins sold 28,423 shares of the stock in a transaction that occurred on 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 sale, the chief accounting officer directly owned 105,294 shares of the company’s stock, valued at $5,053,059.06. This trade represents a 21.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FCX. Wellington Management Group LLP increased its holdings in Freeport-McMoRan by 190.9% in the 3rd quarter. Wellington Management Group LLP now owns 36,494,793 shares of the natural resource company’s stock valued at $1,431,326,000 after buying an additional 23,950,557 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Freeport-McMoRan by 89.4% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,569,169 shares of the natural resource company’s stock valued at $761,623,000 after acquiring an additional 8,292,873 shares in the last quarter. Mizuho Markets Cayman LP bought a new stake in Freeport-McMoRan in the second quarter valued at about $159,147,000. Crake Asset Management LLP raised its position in Freeport-McMoRan by 60.6% in the second quarter. Crake Asset Management LLP now owns 9,522,673 shares of the natural resource company’s stock worth $412,808,000 after purchasing an additional 3,593,050 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in Freeport-McMoRan by 289.0% in the third quarter. Voya Investment Management LLC now owns 3,844,504 shares of the natural resource company’s stock worth $150,781,000 after purchasing an additional 2,856,302 shares in the last quarter. 80.77% of the stock is owned by institutional investors.

Trending Headlines about Freeport-McMoRan

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

• Positive Sentiment: Scotiabank raised its price target to $70 (from $63) and kept an “outperform” rating, signaling institutional conviction for further upside. Scotiabank raises PT to $70
• Positive Sentiment: CICC Research raised its target to $64.40 (from $50.40) and maintained an “outperform” rating, adding incremental analyst support to the rally. CICC raises PT to $64.40
• Positive Sentiment: JPMorgan reiterated an Overweight/Overweight-equivalent stance, keeping a large sell‑side name in the bullish camp—supportive for fund flows and relative sentiment. JPMorgan maintains Overweight
• Positive Sentiment: FCX reported better‑than‑expected Q4 results (adjusted EPS $0.47 vs. $0.28 consensus; revenue beat), which is the immediate fundamental catalyst underpinning the move. Trading up after earnings beat
• Neutral Sentiment: Benzinga’s options‑market analysis shows increased options activity around FCX, indicating traders are positioning for continued movement; heightened options flow can amplify short‑term momentum but also implies elevated volatility. Options market analysis
• Neutral Sentiment: MarketBeat’s deep dive notes the stock has rebounded strongly (roughly a 70% recovery since the Sept. selloff) and that Grasberg’s staged reopening and 2026 production guidance underpin longer‑term upside; however, much of that improvement is already priced in, so forward returns depend heavily on metals prices.
• Negative Sentiment: Key risk: copper and gold price direction. Analysts diverge on near‑term copper forecasts and FCX’s cash flow is highly sensitive to small copper moves (company comment: ~$335M operating cash‑flow swing per $0.10/lb). If metals soften, FCX’s strong rally could reverse. (MarketBeat and industry reports cited differing copper outlooks.)

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.