Investment Analysts’ Recent Ratings Changes for Freeport-McMoRan (FCX)

A number of research firms have changed their ratings and price targets for Freeport-McMoRan (NYSE: FCX):

• 1/31/2025 – Freeport-McMoRan was downgraded by analysts at Argus from a “buy” rating to a “hold” rating.
• 1/24/2025 – Freeport-McMoRan had its price target lowered by analysts at Scotiabank from $48.00 to $45.00. They now have a “sector perform” rating on the stock.
• 1/24/2025 – Freeport-McMoRan had its price target lowered by analysts at BMO Capital Markets from $54.00 to $50.00. They now have an “outperform” rating on the stock.
• 1/24/2025 – Freeport-McMoRan was downgraded by analysts at Jefferies Financial Group Inc. from a “buy” rating to a “hold” rating. They now have a $40.00 price target on the stock, down previously from $48.00.
• 1/16/2025 – Freeport-McMoRan had its price target lowered by analysts at JPMorgan Chase & Co. from $55.00 to $48.00. They now have a “neutral” rating on the stock.
• 1/7/2025 – Freeport-McMoRan was downgraded by analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating. They now have a $46.00 price target on the stock, down previously from $51.00.
• 1/6/2025 – Freeport-McMoRan had its price target lowered by analysts at Scotiabank from $52.00 to $48.00. They now have a “sector perform” rating on the stock.
• 1/6/2025 – Freeport-McMoRan had its price target lowered by analysts at Jefferies Financial Group Inc. from $60.00 to $48.00. They now have a “buy” rating on the stock.

Freeport-McMoRan Trading Up 1.8 %

Shares of FCX stock traded up $0.63 on Tuesday, hitting $36.49. The stock had a trading volume of 11,175,907 shares, compared to its average volume of 14,376,052. The firm has a market capitalization of $52.43 billion, a P/E ratio of 28.29, a P/E/G ratio of 0.85 and a beta of 1.85. Freeport-McMoRan Inc. has a 1 year low of $34.89 and a 1 year high of $55.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.42 and a quick ratio of 1.18. The company’s 50 day moving average price is $39.89 and its 200-day moving average price is $43.28.

Freeport-McMoRan (NYSE:FCX) last released its earnings results on Thursday, January 23rd. The natural resource company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). Freeport-McMoRan had a net margin of 7.42% and a return on equity of 7.50%. Analysts anticipate that Freeport-McMoRan Inc. will post 1.75 earnings per share for the current year.

Institutional Trading of Freeport-McMoRan

A number of institutional investors have recently bought and sold shares of the business. Truist Financial Corp raised its stake in Freeport-McMoRan by 22.8% during the 2nd quarter. Truist Financial Corp now owns 135,608 shares of the natural resource company’s stock worth $6,591,000 after acquiring an additional 25,214 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Freeport-McMoRan during the 2nd quarter worth $1,143,000. Czech National Bank increased its stake in Freeport-McMoRan by 6.9% in the third quarter. Czech National Bank now owns 292,703 shares of the natural resource company’s stock valued at $14,612,000 after purchasing an additional 18,967 shares during the period. GAMMA Investing LLC raised its holdings in shares of Freeport-McMoRan by 25.1% in the third quarter. GAMMA Investing LLC now owns 19,771 shares of the natural resource company’s stock valued at $987,000 after buying an additional 3,966 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. acquired a new stake in Freeport-McMoRan during the 3rd quarter worth approximately $5,515,000. 80.77% of the stock is owned by hedge funds and other institutional investors.

Freeport-McMoRan Inc engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile.