A number of firms have modified their ratings and price targets on shares of Freeport-McMoRan (NYSE: FCX) recently:
- 8/8/2026 – Freeport-McMoRan was downgraded by Wall Street Zen from “buy” to “hold”.
- 7/31/2026 – Freeport-McMoRan was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
- 7/27/2026 – Freeport-McMoRan had its price target raised by Barclays PLC from $80.00 to $82.00. They now have an “overweight” rating on the stock.
- 7/24/2026 – Freeport-McMoRan had its price target raised by Wells Fargo & Company from $68.00 to $70.00. They now have an “overweight” rating on the stock.
- 7/24/2026 – Freeport-McMoRan had its price target raised by Wells Fargo & Company from $68.00 to $70.00. They now have an “overweight” rating on the stock.
- 7/24/2026 – Freeport-McMoRan had its price target raised by Royal Bank Of Canada from $70.00 to $73.00. They now have a “sector perform” rating on the stock.
- 7/23/2026 – Freeport-McMoRan had its “outperform” rating reaffirmed by BMO Capital Markets. They now have a $78.00 price target on the stock.
- 7/21/2026 – Freeport-McMoRan had its price target raised by Stifel Nicolaus from $76.00 to $80.00. They now have a “buy” rating on the stock.
- 7/15/2026 – Freeport-McMoRan had its “positive” rating reaffirmed by Citigroup Inc..
- 7/15/2026 – Freeport-McMoRan had its price target raised by Barclays PLC from $77.00 to $80.00. They now have an “overweight” rating on the stock.
- 7/9/2026 – Freeport-McMoRan had its price target raised by Bank of America Corporation from $74.00 to $80.00. They now have a “buy” rating on the stock.
- 7/9/2026 – Freeport-McMoRan had its price target raised by JPMorgan Chase & Co. from $73.00 to $77.00. They now have an “overweight” rating on the stock.
- 7/8/2026 – Freeport-McMoRan had its price target lowered by The Goldman Sachs Group, Inc. from $75.00 to $74.00. They now have a “buy” rating on the stock.
- 7/8/2026 – Freeport-McMoRan had its price target raised by Morgan Stanley from $66.00 to $70.00. They now have an “equal weight” rating on the stock.
- 7/7/2026 – Freeport-McMoRan was downgraded by Weiss Ratings from “buy (b-)” to “hold (c+)”.
- 6/30/2026 – Freeport-McMoRan had its price target raised by UBS Group AG from $75.00 to $77.00. They now have a “buy” rating on the stock.
- 6/23/2026 – Freeport-McMoRan had its price target raised by BMO Capital Markets from $68.00 to $78.00. They now have an “outperform” rating on the stock.
- 6/18/2026 – Freeport-McMoRan had its price target raised by BNP Paribas Exane from $71.00 to $82.00. They now have an “outperform” rating on the stock.
- 6/15/2026 – Freeport-McMoRan had its price target raised by Scotiabank from $67.00 to $77.00. They now have a “sector outperform” rating on the stock.
- 6/13/2026 – Freeport-McMoRan was upgraded by Wall Street Zen from “hold” to “buy”.
- 6/12/2026 – Freeport-McMoRan had its price target raised by HSBC Holdings plc from $72.00 to $75.00.
Freeport-McMoRan Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Freeport-McMoRan’s dividend payout ratio is 14.78%.
Insider Activity at Freeport-McMoRan
In other news, CAO Stephen T. Higgins sold 14,277 shares of Freeport-McMoRan stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $69.50, for a total value of $992,251.50. Following the sale, the chief accounting officer directly owned 54,618 shares in the company, valued at $3,795,951. This trade represents a 20.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Ellie L. Mikes sold 4,773 shares of Freeport-McMoRan stock in a transaction that occurred on Wednesday, August 5th. The shares were 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 $2,520,000. This trade represents a 11.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,600 shares of company stock valued at $1,802,012 over the last ninety days. Company insiders own 0.73% of the company’s stock.
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.
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