Freeport-McMoRan (NYSE:FCX) Stock Gets Price Target Reduction from UBS Group

Freeport-McMoRan (NYSE:FCX) had its price target lowered by UBS Group from $88.00 to $85.00 in a research note released on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the natural resource company’s stock.

Several other research firms have also commented on FCX. Royal Bank Of Canada boosted their price target on Freeport-McMoRan from $73.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 16th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Freeport-McMoRan in a research report on Thursday, September 10th. Wells Fargo & Company reduced their target price on shares of Freeport-McMoRan from $87.00 to $79.00 and set an “overweight” rating on the stock in a research report on Wednesday. Sanford C. Bernstein decreased their target price on shares of Freeport-McMoRan from $50.00 to $47.00 and set a “market perform” rating for the company in a research note on Wednesday, September 9th. Finally, Weiss Ratings raised shares of Freeport-McMoRan from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Freeport-McMoRan has a consensus rating of “Moderate Buy” and a consensus price target of $75.67.

Freeport-McMoRan Stock Performance

Shares of NYSE:FCX opened at $62.44 on Wednesday. The business has a 50-day moving average of $71.59 and a two-hundred day moving average of $65.24. The firm has a market capitalization of $89.66 billion, a PE ratio of 26.24, a P/E/G ratio of 0.61 and a beta of 1.39. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 0.92. Freeport-McMoRan has a 12 month low of $38.54 and a 12 month high of $80.24.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings data on Tuesday, October 27th. The natural resource company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.06. Freeport-McMoRan had a net margin of 13.03% and a return on equity of 12.09%. The company had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.36 billion. During the same period in the previous year, the firm earned $0.50 earnings per share. Freeport-McMoRan’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, research analysts forecast that Freeport-McMoRan will post 3.04 earnings per share for the current year.

Freeport-McMoRan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 12.61%.

Insider Activity at Freeport-McMoRan

In other news, CAO Ellie L. Mikes sold 4,773 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $70.00, for a total transaction of $334,110.00. Following the transaction, the chief accounting officer owned 36,000 shares of the company’s stock, valued at approximately $2,520,000. This trade represents a 11.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Stephen T. Higgins sold 14,277 shares of Freeport-McMoRan stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $69.50, for a total value of $992,251.50. Following the completion of the transaction, the chief accounting officer owned 54,618 shares of the company’s stock, valued at $3,795,951. This trade represents a 20.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 102,848 shares of company stock worth $7,911,621 over the last quarter. Company insiders own 0.73% of the company’s stock.

Institutional Trading of Freeport-McMoRan

Several institutional investors and hedge funds have recently bought and sold shares of FCX. Ascent Group LLC grew its stake in shares of Freeport-McMoRan by 10.5% during the third quarter. Ascent Group LLC now owns 7,489 shares of the natural resource company’s stock worth $524,000 after purchasing an additional 712 shares during the period. Caldwell Trust Co increased its holdings in Freeport-McMoRan by 430.2% in the third quarter. Caldwell Trust Co now owns 5,435 shares of the natural resource company’s stock valued at $380,000 after purchasing an additional 4,410 shares during the last quarter. JCIC Asset Management Inc. lifted its stake in Freeport-McMoRan by 59.1% in the third quarter. JCIC Asset Management Inc. now owns 101,214 shares of the natural resource company’s stock valued at $7,085,000 after buying an additional 37,606 shares during the period. Southern Financial Group LLC lifted its stake in Freeport-McMoRan by 7.6% in the third quarter. Southern Financial Group LLC now owns 3,437 shares of the natural resource company’s stock valued at $241,000 after buying an additional 242 shares during the period. Finally, Rakuten Investment Management Inc. boosted its holdings in Freeport-McMoRan by 9.7% during the third quarter. Rakuten Investment Management Inc. now owns 257,849 shares of the natural resource company’s stock worth $18,253,000 after buying an additional 22,741 shares during the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

More Freeport-McMoRan News

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

• Positive Sentiment: Freeport-McMoRan’s third-quarter results exceeded expectations, with earnings per share of roughly $0.81–$0.88 on $7.55 billion in revenue, supported by stronger copper economics and year-over-year revenue growth. The company’s Grasberg recovery is also advancing, which could improve production and cash flow over time. Freeport-McMoRan Q3 2026 Earnings
• Positive Sentiment: Wells Fargo reportedly maintained a Buy view on FCX, while UBS retained its Buy rating despite reducing its price target to $85 from $88. The targets remain above the recent trading level, indicating analysts still see potential upside if copper prices and Grasberg operations remain favorable. Freeport-McMoRan Receives a Buy from Wells Fargo UBS Adjusts Freeport-McMoRan Price Target
• Neutral Sentiment: FCX was included among non-ferrous mining stocks worth watching despite a weak near-term industry outlook. The list highlights the company’s growth potential but also underscores the challenging backdrop for metal producers. 5 Non-Ferrous Metal Mining Stocks to Watch
• Negative Sentiment: Freeport reduced its copper-sales outlook even as Grasberg recovery progresses. That combination raises concerns about near-term production, shipment timing and the pace at which the mine will contribute to results. Freeport Trims Copper Sales Outlook
• Negative Sentiment: UBS and Wells Fargo lowered their expectations for FCX’s share price, adding pressure after the stock’s strong run. A separate analysis argued that the anticipated Grasberg recovery may already be reflected in the valuation, with a relatively high earnings multiple leaving less room for disappointment. UBS Forecast for Freeport-McMoRan Freeport-McMoRan Q3 Analysis

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc (NYSE: FCX) is a global mining company primarily engaged in the exploration, development, and production of copper. Copper is used extensively in electrical wiring, construction, transportation, renewable energy systems, and other industrial applications. The company also produces gold and molybdenum, a metal used in steelmaking and other industrial processes, as well as certain other byproducts.

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