Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Freeport-McMoRan (NYSE:FCX) Stock Price

Freeport-McMoRan (NYSE:FCX) had its price objective lowered by equities research analysts at Deutsche Bank Aktiengesellschaft from $72.00 to $68.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage currently has a “buy” rating on the natural resource company’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 10.82% from the company’s current price.

Other equities analysts have also issued reports about the company. Wells Fargo & Company raised their price target on Freeport-McMoRan from $64.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Citigroup raised their price target on Freeport-McMoRan from $48.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Scotiabank cut their price target on Freeport-McMoRan from $72.00 to $71.00 and set a “sector perform” rating for the company in a report on Tuesday, April 14th. Bank of America raised their price target on Freeport-McMoRan from $68.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, BMO Capital Markets raised their price target on Freeport-McMoRan from $55.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.66.

Freeport-McMoRan Stock Performance

NYSE FCX traded down $0.12 on Friday, hitting $61.36. 3,672,660 shares of the stock traded hands, compared to its average volume of 19,804,770. Freeport-McMoRan has a 12 month low of $34.45 and a 12 month high of $70.96. The business’s fifty day moving average is $62.50 and its two-hundred day moving average is $53.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 2.29. The firm has a market capitalization of $88.19 billion, a price-to-earnings ratio of 40.68, a PEG ratio of 0.81 and a beta of 1.48.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings results on Thursday, April 23rd. The natural resource company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.10. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The firm had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same period last year, the company earned $0.24 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities analysts anticipate that Freeport-McMoRan will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 11,000 shares of Freeport-McMoRan stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $62.03, for a total transaction of $682,330.00. Following the completion of the sale, the chief accounting officer owned 40,773 shares of the company’s stock, valued at $2,529,149.19. The trade was a 21.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Douglas N. Currault II sold 75,000 shares of Freeport-McMoRan stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $64.52, for a total value of $4,839,000.00. Following the sale, the executive vice president directly owned 219,181 shares of the company’s stock, valued at approximately $14,141,558.12. This trade represents a 25.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 565,145 shares of company stock valued at $35,839,918 in the last ninety days. 0.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. KBC Group NV increased its holdings in shares of Freeport-McMoRan by 49.0% in the fourth quarter. KBC Group NV now owns 221,838 shares of the natural resource company’s stock worth $11,267,000 after buying an additional 73,002 shares during the period. Great Lakes Advisors LLC boosted its position in Freeport-McMoRan by 8.0% during the 3rd quarter. Great Lakes Advisors LLC now owns 1,551,258 shares of the natural resource company’s stock valued at $60,840,000 after acquiring an additional 115,285 shares in the last quarter. Summit Global Investments boosted its position in shares of Freeport-McMoRan by 278.4% in the 3rd quarter. Summit Global Investments now owns 46,157 shares of the natural resource company’s stock worth $1,810,000 after purchasing an additional 33,959 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Freeport-McMoRan by 190.9% in the 3rd quarter. Wellington Management Group LLP now owns 36,494,793 shares of the natural resource company’s stock worth $1,431,326,000 after purchasing an additional 23,950,557 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Freeport-McMoRan in the 3rd quarter worth approximately $1,066,000. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Key Freeport-McMoRan News

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

• Positive Sentiment: Q1 EPS and revenue beat estimates (EPS $0.57 vs. ~$0.47 consensus) driven by higher copper, gold and molybdenum prices, supporting near-term profitability. Article Title
• Positive Sentiment: Commodity tailwinds: rising copper prices were a key driver of the beat and underpin medium-term cash flow expectations for FCX. Article Title
• Positive Sentiment: Upgraded analyst views and higher price targets ahead of the quarter (e.g., Deutsche Bank raised its target), supporting longer-term bullish thesis. Article Title
• Neutral Sentiment: Company released Q1 presentation, press release and full earnings call transcript — useful for modeling but not market-moving by itself. Article Title
• Neutral Sentiment: Full earnings call transcripts are available for deeper read on management commentary and timeline for Grasberg ramp. Article Title
• Negative Sentiment: Company cut 2026 (and 2027) copper sales volume by ~300 million pounds due to a slower-than-expected ramp at Grasberg after last year’s fatal mud rush — this materially reduces near-term supply and revenue outlook. Article Title
• Negative Sentiment: Market reaction: shares plunged (~10% intraday reported) after the production downgrade despite the earnings beat — the production miss dominates near-term valuation. Article Title
• Negative Sentiment: Analyst downward revisions: some firms (e.g., Scotiabank) trimmed earnings estimates following the weaker output outlook, adding pressure to near-term sentiment and target-price revisions. Article Title

Freeport-McMoRan Company Profile

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.