Freeport-McMoRan (NYSE:FCX) Given New $64.40 Price Target at CICC Research

Freeport-McMoRan (NYSE:FCX) had its target price hoisted by CICC Research from $50.40 to $64.40 in a report released on Monday morning,MarketScreener reports. They currently have an outperform rating on the natural resource company’s stock.

A number of other brokerages have also weighed in on FCX. Scotiabank increased their target price on Freeport-McMoRan from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday. Wall Street Zen upgraded shares of Freeport-McMoRan from a “hold” rating to a “buy” rating in a research note on Friday. Hsbc Global Res upgraded shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Citigroup increased their target price on shares of Freeport-McMoRan from $48.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Wells Fargo & Company boosted their price target on Freeport-McMoRan from $55.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Three equities research 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $57.59.

Freeport-McMoRan Stock Performance

NYSE FCX opened at $61.21 on Monday. The stock has a market cap of $87.89 billion, a PE ratio of 40.54, a P/E/G ratio of 0.71 and a beta of 1.45. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 2.29. The firm has a 50-day moving average of $50.22 and a 200-day moving average of $45.10. Freeport-McMoRan has a 52-week low of $27.66 and a 52-week high of $63.58.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $5.42 billion. Freeport-McMoRan had a net margin of 8.50% and a return on equity of 8.50%. The business’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. On average, sell-side analysts anticipate that Freeport-McMoRan will post 1.68 EPS for the current year.

Freeport-McMoRan Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio is 19.87%.

Insider Activity at Freeport-McMoRan

In related news, CAO Ellie L. Mikes sold 9,572 shares of the stock in a transaction on Thursday, December 11th. The stock was 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. This trade represents a 19.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Stephen T. Higgins sold 28,423 shares of Freeport-McMoRan stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $47.99, for a total value of $1,364,019.77. Following the sale, the chief accounting officer directly owned 105,294 shares of the company’s stock, valued at $5,053,059.06. This represents a 21.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Freeport-McMoRan

A number of institutional investors have recently added to or reduced their stakes in FCX. Wellington Management Group LLP boosted its position in shares of Freeport-McMoRan by 190.9% during 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 acquiring an additional 23,950,557 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Freeport-McMoRan by 89.4% during the second 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 purchasing an additional 8,292,873 shares during the last quarter. Mizuho Markets Cayman LP purchased a new position in Freeport-McMoRan in the 2nd quarter worth approximately $159,147,000. Crake Asset Management LLP increased its holdings in shares of Freeport-McMoRan by 60.6% in the 2nd quarter. Crake Asset Management LLP now owns 9,522,673 shares of the natural resource company’s stock worth $412,808,000 after buying an additional 3,593,050 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Freeport-McMoRan by 289.0% during the 3rd quarter. Voya Investment Management LLC now owns 3,844,504 shares of the natural resource company’s stock valued at $150,781,000 after buying an additional 2,856,302 shares in the last quarter. 80.77% of the stock is currently owned by institutional investors.

More Freeport-McMoRan News

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.)

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.