Freeport-McMoRan (NYSE:FCX) Shares Up 4.4% – Time to Buy?

Posted by Brian Himes on May 11th, 2026

Freeport-McMoRan Inc. (NYSE:FCX – Get Free Report)’s share price was up 4.4% during mid-day trading on Monday . The company traded as high as $64.98 and last traded at $64.3770. Approximately 13,960,661 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 19,380,883 shares. The stock had previously closed at $61.65.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on FCX shares. JPMorgan Chase & Co. lowered their price target on Freeport-McMoRan from $76.00 to $73.00 and set an “overweight” rating on the stock in a report on Monday, April 27th. Citigroup lowered their price target on Freeport-McMoRan from $67.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, May 1st. HSBC upped their price target on Freeport-McMoRan from $69.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Jefferies Financial Group set a $75.00 price target on Freeport-McMoRan in a report on Thursday, April 23rd. Finally, Wall Street Zen downgraded Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Freeport-McMoRan presently has an average rating of “Moderate Buy” and an average price target of $65.14.

Get Our Latest Stock Report on Freeport-McMoRan

Freeport-McMoRan Stock Performance

The business has a fifty day simple moving average of $61.79 and a two-hundred day simple moving average of $54.79. The company has a quick ratio of 1.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.28. The company has a market cap of $92.52 billion, a P/E ratio of 34.24, a P/E/G ratio of 0.74 and a beta of 1.32.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last posted its earnings results on Thursday, April 23rd. The natural resource company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.10. Freeport-McMoRan had a return on equity of 9.88% and a net margin of 10.34%.The company had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter in the prior year, the company earned $0.24 earnings per share. Freeport-McMoRan’s revenue was up 8.8% on a year-over-year basis. On average, sell-side analysts anticipate that Freeport-McMoRan Inc. will post 2.56 EPS for the current year.

Freeport-McMoRan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. Freeport-McMoRan’s dividend payout ratio (DPR) is 15.96%.

Insider Transactions at Freeport-McMoRan

In other news, CAO Stephen T. Higgins sold 29,654 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $63.00, for a total value of $1,868,202.00. Following the transaction, the chief accounting officer owned 76,445 shares of the company’s stock, valued at $4,816,035. This trade represents a 27.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Ellie L. Mikes sold 11,000 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $62.03, for a total value of $682,330.00. Following the completion of the transaction, the chief accounting officer directly owned 40,773 shares in the company, valued at $2,529,149.19. This trade represents a 21.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 565,145 shares of company stock valued at $35,839,918. Company insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Steigerwald Gordon & Koch Inc. bought a new stake in Freeport-McMoRan during the 3rd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Freeport-McMoRan during the 4th quarter valued at approximately $25,000. Steph & Co. raised its stake in Freeport-McMoRan by 43.7% during the 1st quarter. Steph & Co. now owns 493 shares of the natural resource company’s stock valued at $29,000 after purchasing an additional 150 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in Freeport-McMoRan during the 1st quarter valued at approximately $29,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Freeport-McMoRan during the 4th quarter valued at approximately $29,000. Institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan Company Profile

(Get Free Report)

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.