Deutsche Bank Aktiengesellschaft Lowers Freeport-McMoRan (NYSE:FCX) Price Target to $68.00

Freeport-McMoRan (NYSE:FCX) had its target price reduced by stock analysts at Deutsche Bank Aktiengesellschaft from $72.00 to $68.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage presently has a “buy” rating on the natural resource company’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 11.27% from the company’s previous close.

A number of other equities research analysts have also weighed in on FCX. Wells Fargo & Company lifted their price objective on Freeport-McMoRan from $64.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. The Goldman Sachs Group assumed coverage on Freeport-McMoRan in a research report on Thursday, April 2nd. They issued a “buy” rating and a $70.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Freeport-McMoRan in a research report on Tuesday. Jefferies Financial Group set a $75.00 price objective on Freeport-McMoRan in a research report on Thursday. Finally, Freedom Capital upgraded Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.57.

Freeport-McMoRan Price Performance

FCX opened at $61.12 on Friday. The stock’s 50 day simple moving average is $62.47 and its 200 day simple moving average is $53.88. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.39 and a quick ratio of 1.05. Freeport-McMoRan has a 1 year low of $34.45 and a 1 year high of $70.96. The firm has a market cap of $87.83 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 0.71 and a beta of 1.48.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings results on Thursday, April 23rd. The natural resource company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.10. Freeport-McMoRan had a return on equity of 9.88% and a net margin of 10.34%.The business had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same period last year, the company earned $0.24 EPS. Freeport-McMoRan’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, analysts predict that Freeport-McMoRan will post 2.54 earnings per share for the current year.

Insider Activity at Freeport-McMoRan

In related news, CAO Ellie L. Mikes sold 11,000 shares of Freeport-McMoRan stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $62.03, for a total transaction of $682,330.00. Following the sale, the chief accounting officer directly owned 40,773 shares in the company, valued at $2,529,149.19. The trade was a 21.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Stephen T. Higgins sold 29,654 shares of Freeport-McMoRan stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $63.00, for a total value of $1,868,202.00. Following the sale, the chief accounting officer owned 76,445 shares in the company, valued at $4,816,035. This represents a 27.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 565,145 shares of company stock valued at $35,839,918 over the last ninety days. Insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Freeport-McMoRan

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted 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 purchasing an additional 1,572,769 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of 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 valued at $3,244,504,000 after purchasing an additional 622,343 shares in the last quarter. State Street Corp boosted its position in shares of 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 valued at $3,193,327,000 after purchasing an additional 395,226 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of 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 purchasing an additional 8,891,743 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Freeport-McMoRan by 190.9% during the third 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 purchasing an additional 23,950,557 shares in the last quarter. 80.77% of the stock is currently owned by institutional investors.

Trending Headlines about Freeport-McMoRan

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

• Positive Sentiment: Q1 beat and cash support — FCX reported stronger‑than‑expected Q1 results (EPS $0.57 vs. ~$0.47 est.) with revenue up ~8.7% YoY; management noted higher realized commodity prices and a ~$700M insurance payment that helped results. Freeport-McMoRan: Less Copper Supply Isn’t All Bad
• Positive Sentiment: Analyst upgrade — UBS raised its price target to $74 and kept a Buy rating, signaling upside based on commodity outlook and valuation. UBS Lifts Price Target on Freeport-McMoRan to $74
• Neutral Sentiment: Market/valuation debate — Several pieces question whether current share price already reflects copper optimism and the recent volatility; investors should weigh the outlook for copper prices vs. reduced volumes. Is Freeport-McMoRan (FCX) Pricing Fully Reflects Recent Copper Optimism And Share Volatility
• Neutral Sentiment: Company materials and call — The earnings presentation and transcript are available for review (useful for guidance detail, cost outlook and timing for Grasberg ramp). Freeport-McMoRan Inc. (FCX) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Grasberg production setbacks — Management cut 2026 copper sales guidance (roughly a 300M lb reduction cited) after a slower Grasberg ramp following last year’s incident; lower volumes directly pressure near‑term revenue and triggered the sell‑off. Freeport McMoRan falls as Grasberg delay cuts 2026 output outlook
• Negative Sentiment: Analyst downgrades and target cuts — Multiple firms trimmed targets or ratings (Morgan Stanley downgraded to Equal Weight and cut its PT; others cut targets or estimates), increasing near‑term selling pressure despite some boutiques still bullish. Morgan Stanley Downgrades Freeport-McMoRan Bernstein Adjusts Price Target on Freeport-McMoRan
• Negative Sentiment: Stock reaction — The market punished FCX on the combination of the production cut and uncertain Grasberg timing (reports of a ~10% intraday drop were published), showing sensitivity to volume risk even with strong commodity prices. Freeport-McMoRan (FCX) Stock Plunges 10% After Slashing Production Forecasts

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.