Freeport-McMoRan (NYSE:FCX) CAO Stephen Higgins Sells 14,277 Shares of Stock

Freeport-McMoRan Inc. (NYSE:FCX) CAO Stephen Higgins sold 14,277 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $69.50, for a total transaction of $992,251.50. Following the completion of the sale, the chief accounting officer owned 54,618 shares in the company, valued at $3,795,951. This represents a 20.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Freeport-McMoRan Trading Up 3.2%

Shares of Freeport-McMoRan stock opened at $69.45 on Thursday. The stock has a market capitalization of $99.84 billion, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 0.68 and a beta of 1.37. The company has a quick ratio of 0.92, a current ratio of 2.07 and a debt-to-equity ratio of 0.25. The company has a 50-day simple moving average of $63.90 and a 200 day simple moving average of $62.74. Freeport-McMoRan Inc. has a 12-month low of $35.15 and a 12-month high of $72.28.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings results on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.12. The firm had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.62 billion. Freeport-McMoRan had a net margin of 11.39% and a return on equity of 10.63%. The firm’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period last year, the firm posted $0.54 EPS. Research analysts expect that Freeport-McMoRan Inc. will post 2.75 earnings per share for the current fiscal year.

Freeport-McMoRan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Freeport-McMoRan’s dividend payout ratio (DPR) is presently 14.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FCX shares. Royal Bank Of Canada increased their price target on Freeport-McMoRan from $70.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Morgan Stanley boosted their price objective on Freeport-McMoRan from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Barclays increased their target price on Freeport-McMoRan from $80.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. The Goldman Sachs Group lowered their target price on Freeport-McMoRan from $75.00 to $74.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Finally, BNP Paribas Exane lifted their price target on Freeport-McMoRan from $71.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.27.

Freeport-McMoRan News Summary

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

• Positive Sentiment: Analysts and industry coverage highlighted Freeport-McMoRan’s exposure to rising copper demand from electric vehicles, grid upgrades and data-center infrastructure. Freeport-McMoRan in Focus as Copper Demand From EVs and Grids Builds
• Positive Sentiment: FCX was identified as one of the copper stocks flashing a buy signal, alongside broader strength in industrial-metal and rare-earth equities. Retreating oil prices and reported progress toward reopening the Strait of Hormuz were viewed as supportive of global growth sentiment. FCX Flashes Buy Signal
• Positive Sentiment: Recent company updates pointed to higher copper and gold sales expected in the second half of 2026 and into 2027. Continued share repurchases—approximately 55.4 million shares bought for $2.2 billion since late 2021—could support earnings per share by reducing the share count. FCX Upgraded Copper-Gold Outlook and Ongoing Buybacks
• Positive Sentiment: Unusual options activity showed traders purchasing 75,145 FCX call options, about 30% above typical daily call volume, signaling increased speculative bullish interest.
• Neutral Sentiment: Zacks listed FCX among non-ferrous mining stocks worth watching for long-term growth despite a weak near-term industry outlook. Non-Ferrous Metal Mining Stocks to Watch
• Negative Sentiment: Freeport-McMoRan Chief Accounting Officer Ellie L. Mikes sold 4,773 shares for approximately $334,110, reducing her direct holdings by 11.71%. The transaction was disclosed in an SEC filing, although insider sales can reflect personal financial considerations and do not necessarily indicate a change in company fundamentals. SEC Insider Sale Filing

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FCX. Pinnacle Bancorp Inc. raised its stake in Freeport-McMoRan by 7.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 2,011 shares of the natural resource company’s stock valued at $118,000 after purchasing an additional 147 shares during the last quarter. Steph & Co. boosted 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 worth $29,000 after purchasing an additional 150 shares during the last quarter. Essex Bank grew its holdings in shares of Freeport-McMoRan by 1.2% during the first quarter. Essex Bank now owns 14,104 shares of the natural resource company’s stock worth $829,000 after buying an additional 163 shares in the last quarter. Leo Wealth LLC grew its holdings in shares of Freeport-McMoRan by 2.5% during the fourth quarter. Leo Wealth LLC now owns 6,838 shares of the natural resource company’s stock worth $347,000 after buying an additional 170 shares in the last quarter. Finally, Fiduciary Financial Group LLC raised its position in shares of Freeport-McMoRan by 2.6% in the second quarter. Fiduciary Financial Group LLC now owns 6,788 shares of the natural resource company’s stock valued at $427,000 after buying an additional 173 shares during the last quarter. Institutional investors own 80.77% of the company’s stock.

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.