Freeport-McMoRan (NYSE:FCX) Stock Rating Upgraded by Wall Street Zen

24 Jan 2026, 05:44 by Michael Walen · The Markets Daily

Freeport-McMoRan (NYSE:FCX – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Friday.

Several other analysts also recently issued reports on the stock. Raymond James Financial lifted their price target on shares of Freeport-McMoRan from $53.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, January 15th. Scotiabank lifted their price objective on shares of Freeport-McMoRan from $47.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Sanford C. Bernstein downgraded shares of Freeport-McMoRan from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $53.50 to $54.00 in a research report on Friday. UBS Group upped their target price on shares of Freeport-McMoRan from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday. Finally, Royal Bank Of Canada cut their price target on Freeport-McMoRan from $54.00 to $48.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.20.

Check Out Our Latest Research Report on FCX

Freeport-McMoRan Stock Up 2.7%

Freeport-McMoRan stock traded up $1.61 during midday trading on Friday, reaching $60.46. The stock had a trading volume of 24,518,928 shares, compared to its average volume of 17,905,832. The company has a fifty day moving average price of $49.78 and a two-hundred day moving average price of $45.01. Freeport-McMoRan has a 12 month low of $27.66 and a 12 month high of $62.13. The company has a current ratio of 2.29, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $86.81 billion, a P/E ratio of 40.04, a PEG ratio of 0.69 and a beta of 1.45.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last announced its quarterly earnings results on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.19. The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.42 billion. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share. As a group, equities analysts expect that Freeport-McMoRan will post 1.68 EPS for the current fiscal year.

Insider Buying and Selling at Freeport-McMoRan

In other news, CAO Stephen T. Higgins sold 28,423 shares of Freeport-McMoRan stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $47.99, for a total transaction of $1,364,019.77. Following the sale, the chief accounting officer directly owned 105,294 shares in the company, valued at $5,053,059.06. The trade was a 21.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Ellie L. Mikes sold 9,572 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $47.66, for a total transaction of $456,201.52. Following the transaction, the chief accounting officer owned 38,761 shares of the company’s stock, valued at approximately $1,847,349.26. The trade was a 19.80% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Freeport-McMoRan

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Freeport-McMoRan by 24.2% in the fourth quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company’s stock worth $564,000 after purchasing an additional 2,882 shares in the last quarter. Bison Wealth LLC boosted its holdings in 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 position in Freeport-McMoRan in the 2nd quarter valued at approximately $560,000. Park Avenue Securities LLC grew its stake in Freeport-McMoRan by 8.5% in the 2nd quarter. Park Avenue Securities LLC now owns 29,346 shares of the natural resource company’s stock valued at $1,272,000 after buying an additional 2,291 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in Freeport-McMoRan by 10.7% during the 2nd quarter. TD Private Client Wealth LLC now owns 14,239 shares of the natural resource company’s stock valued at $617,000 after acquiring an additional 1,371 shares during the period. 80.77% of the stock is currently owned by institutional investors.

Freeport-McMoRan News Summary

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

Positive Sentiment: Q4 results beat consensus: FCX reported Q4 EPS above estimates and revenue topped expectations, driven by higher realized copper and gold prices which offset lower volumes. The company reiterated financial materials and hosted a conference call. MarketBeat Earnings Summary
Positive Sentiment: Analyst upgrades and price targets lifted sentiment: recent upgrades and bullish targets helped push FCX to a new 12‑month high, supporting momentum in the stock. Analyst Upgrade/12‑Month High
Positive Sentiment: Commodity tailwinds: rising copper and gold prices materially boosted profits in Q4 and underpin revenue upside potential for 2026, a key reason investors are favoring FCX as a leveraged way to play the metals rally. Reuters: Profit Beat, Commodity Impact
Neutral Sentiment: Grasberg mine restart timeline: management said the Grasberg mine (Indonesia) is on track for a Q2 restart after the deadly mudslide — a positive operational milestone but still contains execution and permitting risks. MSN: Grasberg Restart
Neutral Sentiment: Zacks/style coverage and valuation notes: Zacks flagged FCX as a top‑ranked value stock for certain investor styles, increasing visibility among value-focused funds. That can attract inflows but doesn’t change fundamentals. Zacks: Value Stock Callout
Negative Sentiment: Volumes and guidance caveats: management trimmed 2026 copper sales volume guidance after Q4, and production was hurt in the quarter by the Grasberg suspension — factors that limit upside unless volumes recover. Investor’s Business Daily: Sales Outlook Trimmed
Negative Sentiment: Operational and cash-flow pressures: while net income rose, gross and operating profit declined and operating cash flow fell year‑over‑year in Q4, highlighting cost and volume headwinds that could constrain margins if metal prices weaken. Yahoo Finance: Q4 Highlights
Neutral Sentiment: Investor interest/longer-term performance: pieces on long‑term returns and valuation (e.g., Benzinga/MarketBeat articles) increase retail attention but are less likely to move the stock than fresh earnings/operational news. Benzinga: 5‑Year Returns

Freeport-McMoRan Company Profile

(Get Free Report)

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.