UBS Group Increases Freeport-McMoRan (NYSE:FCX) Price Target to $74.00

Freeport-McMoRan (NYSE:FCX) had its price target upped by research analysts at UBS Group from $66.00 to $74.00 in a report released on Thursday,MarketScreener reports. The firm currently has a “buy” rating on the natural resource company’s stock. UBS Group’s price target would indicate a potential upside of 20.60% from the company’s previous close.

FCX has been the topic of several other research reports. Scotiabank decreased their price objective on Freeport-McMoRan from $71.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Friday. Jefferies Financial Group set a $75.00 price objective on Freeport-McMoRan in a research note on Thursday. Argus raised Freeport-McMoRan from a “hold” rating to a “buy” rating in a research note on Friday, February 13th. Sanford C. Bernstein decreased their price objective on Freeport-McMoRan from $54.00 to $53.50 and set a “market perform” rating on the stock in a research note on Friday. Finally, The Goldman Sachs Group assumed coverage on Freeport-McMoRan in a research note on Thursday, April 2nd. They issued a “buy” rating and a $70.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.66.

Freeport-McMoRan Stock Performance

NYSE:FCX traded down $0.12 on Thursday, hitting $61.36. The stock had a trading volume of 3,672,660 shares, compared to its average volume of 19,804,770. The stock has a market cap of $88.19 billion, a price-to-earnings ratio of 40.68, a price-to-earnings-growth ratio of 0.81 and a beta of 1.48. The company has a quick ratio of 1.05, a current ratio of 2.29 and a debt-to-equity ratio of 0.29. The business’s 50-day simple moving average is $62.50 and its two-hundred day simple moving average is $53.64. Freeport-McMoRan has a 52-week low of $34.45 and a 52-week high of $70.96.

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

Insider Transactions at Freeport-McMoRan

In related news, CAO Stephen T. Higgins sold 29,654 shares of Freeport-McMoRan stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $63.00, for a total transaction of $1,868,202.00. Following the sale, the chief accounting officer owned 76,445 shares of the company’s stock, valued at approximately $4,816,035. This trade represents a 27.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Ellie L. Mikes sold 11,000 shares of Freeport-McMoRan stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $62.03, for a total value of $682,330.00. Following the sale, 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 0.75% of the company’s stock.

Institutional Trading of Freeport-McMoRan

Several institutional investors and hedge funds have recently added to or reduced their stakes in FCX. Brighton Jones LLC increased its stake in Freeport-McMoRan by 24.2% in the 4th quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company’s stock worth $564,000 after acquiring an additional 2,882 shares during the last quarter. Bison Wealth LLC lifted its holdings in shares of Freeport-McMoRan by 5.6% in the 4th quarter. Bison Wealth LLC now owns 9,616 shares of the natural resource company’s stock worth $366,000 after buying an additional 507 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Freeport-McMoRan in the 2nd quarter worth $560,000. Brown Advisory Inc. raised its position in shares of Freeport-McMoRan by 27.0% in the 2nd quarter. Brown Advisory Inc. now owns 12,443 shares of the natural resource company’s stock worth $539,000 after acquiring an additional 2,648 shares in the last quarter. Finally, Jump Financial LLC raised its position in shares of Freeport-McMoRan by 42.7% in the 2nd quarter. Jump Financial LLC now owns 50,114 shares of the natural resource company’s stock worth $2,172,000 after acquiring an additional 14,992 shares in the last quarter. Institutional investors own 80.77% of the company’s stock.

Key Headlines Impacting Freeport-McMoRan

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.