Freeport-McMoRan (NYSE:FCX) Given New $74.00 Price Target at UBS Group

Freeport-McMoRan (NYSE:FCX) had its target price lifted by UBS Group from $66.00 to $74.00 in a research report sent to investors on Thursday morning,MarketScreener reports. UBS Group currently has a buy rating on the natural resource company’s stock.

FCX has been the subject of several other research reports. Argus upgraded Freeport-McMoRan from a “hold” rating to a “buy” rating in a research note on Friday, February 13th. Citigroup increased their price target on Freeport-McMoRan from $48.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. The Goldman Sachs Group started coverage on Freeport-McMoRan in a research note on Thursday, April 2nd. They set a “buy” rating and a $70.00 price target for the company. Sanford C. Bernstein cut their price target on Freeport-McMoRan from $54.00 to $53.50 and set a “market perform” rating for the company in a research note on Friday. Finally, Wells Fargo & Company cut their price target on Freeport-McMoRan from $77.00 to $68.00 and set an “overweight” rating for the company in a research note on Friday. Two 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.66.

Freeport-McMoRan Stock Performance

Shares of Freeport-McMoRan stock traded up $0.32 during trading hours on Thursday, hitting $61.80. 4,738,969 shares of the company’s stock traded hands, compared to its average volume of 19,832,002. Freeport-McMoRan has a 12-month low of $34.45 and a 12-month high of $70.96. The stock has a market capitalization of $88.82 billion, a price-to-earnings ratio of 40.83, a PEG ratio of 0.81 and a beta of 1.48. The company has a fifty day simple moving average of $62.50 and a 200-day simple moving average of $53.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.29 and a quick ratio of 1.05.

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, beating the consensus estimate 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 firm posted $0.24 EPS. The business’s revenue was up 8.8% compared to the same quarter last year. Equities research analysts anticipate that Freeport-McMoRan will post 2.54 EPS for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be paid a $0.075 dividend. The ex-dividend date is Wednesday, April 15th. This represents a $0.30 annualized dividend and a yield of 0.5%. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 19.87%.

Insider Transactions at Freeport-McMoRan

In other Freeport-McMoRan news, Chairman Richard C. Adkerson sold 152,960 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $64.65, for a total value of $9,888,864.00. Following the sale, the chairman owned 3,356,159 shares of the company’s stock, valued at $216,975,679.35. This trade represents a 4.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Maree E. Robertson sold 48,500 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $61.55, for a total value of $2,985,175.00. Following the completion of the sale, the chief financial officer directly owned 79,894 shares in the company, valued at approximately $4,917,475.70. The trade was a 37.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 565,145 shares of company stock worth $35,839,918. 0.75% of the stock is owned by insiders.

Institutional Trading of Freeport-McMoRan

Institutional investors and hedge funds have recently modified their holdings of the business. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Freeport-McMoRan in the 3rd quarter valued at about $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Freeport-McMoRan in the 4th quarter valued at about $25,000. Salomon & Ludwin LLC raised its holdings in shares of Freeport-McMoRan by 1,962.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock valued at $29,000 after acquiring an additional 687 shares in the last quarter. Steph & Co. raised its holdings in shares of Freeport-McMoRan by 43.7% during the 1st quarter. Steph & Co. now owns 493 shares of the natural resource company’s stock valued at $29,000 after buying an additional 150 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in Freeport-McMoRan in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan News Summary

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.