Freeport-McMoRan (NYSE:FCX) Trading Down 1.2% – Should You Sell?

Freeport-McMoRan Inc. (NYSE:FCX) traded down 1.2% during trading on Wednesday . The company traded as low as $50.66 and last traded at $50.79. 8,742,197 shares were traded during trading, a decline of 47% from the average session volume of 16,369,425 shares. The stock had previously closed at $51.41.

Trending Headlines about Freeport-McMoRan

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

• Positive Sentiment: Raymond James raised its price target on FCX to $53 and reiterated an “Outperform” rating, signaling analyst confidence and providing near‑term upside support. Raymond James adjusts PT on Freeport-McMoRan to $53
• Positive Sentiment: Market commentary highlights a sustained rally in copper, silver and gold and names Freeport (FCX) as a primary way to play rising metals prices — a tailwind for revenue and long‑term cash flow as commodity prices stay elevated. Gold, Silver, and Copper Are Surging—Here Are 3 Smart Ways to Play It
• Positive Sentiment: Coverage noting silver’s outsized 2025 gains and momentum in refiner/metal stocks supports sector rotation into miners; continued commodity strength benefits Freeport given its large copper exposure. Silver 10x’d the S&P 500 In 2025
• Neutral Sentiment: Freeport is mentioned among movers in overnight market summaries (futures/macro flow); such coverage can drive intraday volume but is not company‑specific news. Stock Market Today: S&P 500, Dow Jones Futures Trade Mixed
• Negative Sentiment: Multiple law firms have issued lead‑plaintiff solicitations and class‑action notices related to alleged investor harm (lead‑plaintiff deadline Jan 12, 2026). The wave of solicitations — from The Gross Law Firm, Bronstein Gewirtz & Grossman, Rosen, Glancy Prongay & Murray, and Faruqi & Faruqi — increases legal and headline risk and can pressure sentiment/valuation until resolved. Gross Law Firm class action notice Bronstein Gewirtz & Grossman notice Rosen deadline alert
• Negative Sentiment: Additional law‑firm reminders (Glancy; Faruqi & Faruqi) reinforce the legal solicitation trend and amplify uncertainty ahead of the Jan 12 deadline. Glancy Prongay & Murray deadline alert Faruqi & Faruqi investigation notice
• Negative Sentiment: Insider selling reported (~US$2.2M in disclosed sales) can be interpreted negatively by investors as a sign of reduced insider conviction and may amplify near‑term selling pressure. Freeport-McMoRan Insiders Sold US$2.2m Of Shares

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Freeport-McMoRan from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, December 16th. Clarkson Capital raised shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Wednesday, November 19th. Hsbc Global Res upgraded Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Wall Street Zen cut Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Royal Bank Of Canada dropped their price objective on Freeport-McMoRan from $54.00 to $48.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Freeport-McMoRan presently has a consensus rating of “Buy” and an average price target of $49.87.

Freeport-McMoRan Stock Performance

The company has a market cap of $72.93 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 1.16 and a beta of 1.49. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 2.45. The firm’s 50 day simple moving average is $43.95 and its 200-day simple moving average is $43.27.

Freeport-McMoRan (NYSE:FCX) last released its earnings results on Thursday, October 23rd. The natural resource company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. Freeport-McMoRan had a net margin of 7.97% and a return on equity of 7.84%. The business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.74 billion. During the same period last year, the company posted $0.38 EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts predict that Freeport-McMoRan Inc. will post 1.68 EPS for the current year.

Freeport-McMoRan Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.6%. Freeport-McMoRan’s dividend payout ratio is currently 21.13%.

Insider Activity

In other news, CAO Ellie L. Mikes sold 9,572 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $47.66, for a total value of $456,201.52. Following the completion of the sale, the chief accounting officer owned 38,761 shares of the company’s stock, valued at $1,847,349.26. This represents a 19.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Stephen T. Higgins sold 28,423 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $47.99, for a total transaction of $1,364,019.77. Following the sale, the chief accounting officer 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. 0.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Portside Wealth Group LLC lifted its stake in shares of Freeport-McMoRan by 0.8% in the 2nd quarter. Portside Wealth Group LLC now owns 30,333 shares of the natural resource company’s stock valued at $1,315,000 after purchasing an additional 245 shares during the last quarter. Hollencrest Capital Management raised its holdings in Freeport-McMoRan by 0.6% in the 2nd quarter. Hollencrest Capital Management now owns 45,133 shares of the natural resource company’s stock valued at $1,957,000 after buying an additional 250 shares during the period. Benjamin Edwards Inc. raised its holdings in Freeport-McMoRan by 0.6% in the 3rd quarter. Benjamin Edwards Inc. now owns 45,095 shares of the natural resource company’s stock valued at $1,769,000 after buying an additional 250 shares during the period. Waterloo Capital L.P. lifted its position in Freeport-McMoRan by 3.9% in the second quarter. Waterloo Capital L.P. now owns 6,658 shares of the natural resource company’s stock valued at $289,000 after buying an additional 251 shares during the last quarter. Finally, Mengis Capital Management Inc. boosted its stake in Freeport-McMoRan by 0.7% during the third quarter. Mengis Capital Management Inc. now owns 34,404 shares of the natural resource company’s stock worth $1,349,000 after buying an additional 251 shares during the period. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

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.