Ellie Mikes Sells 4,773 Shares of Freeport-McMoRan (NYSE:FCX) Stock

Freeport-McMoRan Inc. (NYSE:FCX) CAO Ellie Mikes sold 4,773 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $70.00, for a total transaction of $334,110.00. Following the completion of the sale, the chief accounting officer owned 36,000 shares in the company, valued at approximately $2,520,000. The trade was a 11.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Freeport-McMoRan Price Performance

NYSE:FCX opened at $68.17 on Friday. The stock has a market cap of $98.00 billion, a P/E ratio of 33.58, a PEG ratio of 0.70 and a beta of 1.37. Freeport-McMoRan Inc. has a one year low of $35.15 and a one year high of $72.28. The company has a fifty day moving average price of $63.95 and a 200 day moving average price of $62.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.07 and a quick ratio of 0.92.

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

Freeport-McMoRan Dividend Announcement

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

Hedge Funds Weigh In On Freeport-McMoRan

A number of hedge funds have recently modified their holdings of FCX. Vanguard Group Inc. boosted its stake in Freeport-McMoRan by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 130,332,957 shares of the natural resource company’s stock valued at $6,619,611,000 after buying an additional 1,572,769 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Freeport-McMoRan by 1.0% during the fourth quarter. Fisher Asset Management LLC now owns 63,880,757 shares of the natural resource company’s stock valued at $3,244,504,000 after acquiring an additional 622,343 shares during the period. State Street Corp lifted its holdings in shares of Freeport-McMoRan by 0.6% during the fourth quarter. State Street Corp now owns 62,873,136 shares of the natural resource company’s stock valued at $3,193,327,000 after acquiring an additional 395,226 shares during the period. Bank of America Corp DE lifted its holdings in shares of Freeport-McMoRan by 20.0% during the first quarter. Bank of America Corp DE now owns 42,345,502 shares of the natural resource company’s stock valued at $2,489,069,000 after acquiring an additional 7,044,775 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Freeport-McMoRan by 31.2% in the 4th quarter. Franklin Resources Inc. now owns 37,353,852 shares of the natural resource company’s stock valued at $1,897,202,000 after purchasing an additional 8,891,743 shares in the last quarter. 80.77% of the stock is owned by institutional investors and hedge funds.

Key Freeport-McMoRan News

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

• Positive Sentiment: Analysts continue to highlight FCX’s leverage to potential growth in copper demand from electric vehicles, power-grid upgrades and data-center infrastructure. Freeport-McMoRan in Focus as Copper Demand From EVs and Grids Builds
• Positive Sentiment: Recent coverage also points to expected increases in copper and gold sales during the second half of 2026 and into 2027, while the company’s ongoing share repurchases could support earnings per share by reducing its share count.
• Positive Sentiment: Unusually high options activity indicates elevated speculative interest in FCX, including roughly 75,145 call options purchased—about 30% above typical daily call volume.
• Positive Sentiment: Freeport-McMoRan recently paid a quarterly dividend of $0.075 per share, equivalent to $0.30 annually. Although the approximately 0.4% yield is modest, the payment reinforces the company’s shareholder-return program. Freeport-McMoRan Declares Dividend
• Neutral Sentiment: Zacks listed FCX among non-ferrous mining stocks worth watching for long-term growth, but cautioned that the broader industry faces a weak near-term outlook. Zacks Industry Outlook
• Positive Sentiment: The company’s latest reported quarter exceeded expectations, with earnings per share of $0.74 versus a $0.62 consensus estimate and revenue of $7.03 billion versus expectations of $6.62 billion.
• Negative Sentiment: Chief Accounting Officer Ellie Mikes sold 4,773 shares for approximately $334,110, while another filing reported Stephen Higgins selling 14,277 shares for about $992,252. The insider selling may weigh on sentiment, although such transactions can reflect personal financial planning rather than weaker business prospects. FCX Insider Trading

Analyst Upgrades and Downgrades

Several equities analysts have commented on FCX shares. Bank of America upped their price target on Freeport-McMoRan from $74.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Freeport-McMoRan in a research report on Friday, May 15th. UBS Group raised their target price on Freeport-McMoRan from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Stifel Nicolaus lifted their price target on shares of Freeport-McMoRan from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Finally, Morgan Stanley boosted their price target on shares of Freeport-McMoRan from $66.00 to $70.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.27.

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.