BMO Capital Markets Forecasts Strong Price Appreciation for Freeport-McMoRan (NYSE:FCX) Stock

Posted by Geri Gentry on Sep 30th, 2026

Freeport-McMoRan (NYSE:FCX – Get Free Report) had its price target increased by analysts at BMO Capital Markets from $78.00 to $85.00 in a report released on Tuesday. The firm currently has an “outperform” rating on the natural resource company’s stock. BMO Capital Markets’ target price indicates a potential upside of 20.18% from the stock’s current price.

A number of other brokerages also recently commented on FCX. JPMorgan Chase & Co. raised their price objective on shares of Freeport-McMoRan from $73.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Royal Bank Of Canada lifted their price target on Freeport-McMoRan from $73.00 to $85.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 16th. Stifel Nicolaus boosted their target price on shares of Freeport-McMoRan from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Barclays raised their price objective on shares of Freeport-McMoRan from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Finally, Erste Group Bank began coverage on shares of Freeport-McMoRan in a report on Thursday, August 27th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Freeport-McMoRan currently has an average rating of “Moderate Buy” and an average price target of $71.69.

Read Our Latest Stock Report on FCX

Freeport-McMoRan Price Performance

Shares of NYSE FCX opened at $70.73 on Tuesday. The stock has a fifty day moving average price of $70.33 and a 200 day moving average price of $65.29. Freeport-McMoRan has a 1-year low of $37.20 and a 1-year high of $80.24. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.07 and a quick ratio of 0.92. The company has a market cap of $101.56 billion, a PE ratio of 34.84, a P/E/G ratio of 0.70 and a beta of 1.41.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.12. Freeport-McMoRan had a net margin of 11.39% and a return on equity of 10.63%. The company had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the previous year, the company posted $0.54 EPS. Freeport-McMoRan’s revenue was down 7.3% compared to the same quarter last year. Sell-side analysts forecast that Freeport-McMoRan will post 2.82 EPS for the current year.

Insider Buying and Selling at Freeport-McMoRan

In related news, EVP Douglas N. Currault II sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $78.56, for a total transaction of $6,284,800.00. Following the transaction, the executive vice president directly owned 211,016 shares of the company’s stock, valued at approximately $16,577,416.96. The trade was a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Ellie L. Mikes sold 4,773 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $70.00, for a total value of $334,110.00. Following the completion of the transaction, the chief accounting officer owned 36,000 shares of the company’s stock, valued at approximately $2,520,000. This represents a 11.71% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 110,398 shares of company stock worth $8,387,271. 0.73% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Freeport-McMoRan

Several hedge funds and other institutional investors have recently modified their holdings of FCX. Pinnacle Bancorp Inc. grew its stake in Freeport-McMoRan by 7.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 2,011 shares of the natural resource company’s stock valued at $118,000 after acquiring an additional 147 shares in the last quarter. Steph & Co. raised its holdings in Freeport-McMoRan by 43.7% in the 1st quarter. Steph & Co. now owns 493 shares of the natural resource company’s stock valued at $29,000 after acquiring an additional 150 shares in the last quarter. Richardson Financial Services Inc. lifted its position in shares of Freeport-McMoRan by 11.6% in the 2nd quarter. Richardson Financial Services Inc. now owns 1,539 shares of the natural resource company’s stock worth $97,000 after acquiring an additional 160 shares during the period. Essex Bank increased its position in shares of Freeport-McMoRan by 1.2% during the first quarter. Essex Bank now owns 14,104 shares of the natural resource company’s stock valued at $829,000 after purchasing an additional 163 shares during the period. Finally, Fiduciary Financial Group LLC raised its stake in shares of Freeport-McMoRan by 2.6% in the 2nd quarter. Fiduciary Financial Group LLC now owns 6,788 shares of the natural resource company’s stock valued at $427,000 after buying an additional 173 shares in the last quarter. Institutional investors own 80.77% of the company’s stock.

About Freeport-McMoRan

(Get Free Report)

Freeport-McMoRan Inc (NYSE: FCX) is a leading international mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Copper is its principal product and is used in electrical systems, construction, transportation, renewable energy infrastructure and other industrial applications. The company also produces copper cathodes and concentrates, gold, molybdenum products and certain quantities of silver and other byproducts.

Freeport-McMoRan operates a portfolio of mining and processing assets in North America, South America and Indonesia.