Analysts’ Recent Ratings Changes for Freeport-McMoRan (FCX)

A number of research firms have changed their ratings and price targets for Freeport-McMoRan (NYSE: FCX):

• 3/12/2025 – Freeport-McMoRan was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 3/10/2025 – Freeport-McMoRan was upgraded by analysts at Dbs Bank from a “hold” rating to a “strong-buy” rating.
• 3/6/2025 – Freeport-McMoRan was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating. They now have a $47.00 price target on the stock.
• 2/27/2025 – Freeport-McMoRan was upgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to a “buy” rating. They now have a $48.00 price target on the stock, up previously from $40.00.
• 1/31/2025 – Freeport-McMoRan was downgraded by analysts at Argus from a “buy” rating to a “hold” rating.
• 1/24/2025 – Freeport-McMoRan had its price target lowered by analysts at Scotiabank from $48.00 to $45.00. They now have a “sector perform” rating on the stock.
• 1/24/2025 – Freeport-McMoRan had its price target lowered by analysts at BMO Capital Markets from $54.00 to $50.00. They now have an “outperform” rating on the stock.
• 1/24/2025 – Freeport-McMoRan was downgraded by analysts at Jefferies Financial Group Inc. from a “buy” rating to a “hold” rating. They now have a $40.00 price target on the stock, down previously from $48.00.
• 1/16/2025 – Freeport-McMoRan had its price target lowered by analysts at JPMorgan Chase & Co. from $55.00 to $48.00. They now have a “neutral” rating on the stock.

Freeport-McMoRan Trading Up 3.5 %

Shares of Freeport-McMoRan stock opened at $38.91 on Monday. The company has a quick ratio of 1.18, a current ratio of 2.42 and a debt-to-equity ratio of 0.31. The firm has a market cap of $55.91 billion, a price-to-earnings ratio of 30.16, a price-to-earnings-growth ratio of 0.87 and a beta of 1.87. The business has a fifty day simple moving average of $37.93 and a 200-day simple moving average of $42.07. Freeport-McMoRan Inc. has a fifty-two week low of $33.98 and a fifty-two week high of $55.24.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings data on Thursday, January 23rd. The natural resource company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.05). Freeport-McMoRan had a net margin of 7.42% and a return on equity of 7.50%. On average, equities analysts forecast that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal year.

Institutional Trading of Freeport-McMoRan

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Freeport-McMoRan by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 123,219,298 shares of the natural resource company’s stock valued at $4,692,191,000 after buying an additional 642,776 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Freeport-McMoRan by 2.4% during the third quarter. Fisher Asset Management LLC now owns 59,409,395 shares of the natural resource company’s stock valued at $2,965,717,000 after purchasing an additional 1,392,494 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Freeport-McMoRan by 21.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,885,531 shares of the natural resource company’s stock valued at $1,214,203,000 after purchasing an additional 5,735,171 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Freeport-McMoRan by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 29,579,298 shares of the natural resource company’s stock valued at $1,122,922,000 after purchasing an additional 688,240 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Freeport-McMoRan by 8.0% during the fourth quarter. Franklin Resources Inc. now owns 29,502,220 shares of the natural resource company’s stock valued at $1,123,445,000 after purchasing an additional 2,191,926 shares during the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

Freeport-McMoRan Inc engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile.