Freeport-McMoRan (NYSE:FCX) Shares Down 1.1% – What’s Next?

Shares of Freeport-McMoRan Inc. (NYSE:FCX) traded down 1.1% during mid-day trading on Wednesday . The stock traded as low as $53.85 and last traded at $55.5520. 20,765,133 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 23,608,586 shares. The stock had previously closed at $56.15.

Trending Headlines about Freeport-McMoRan

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

• Positive Sentiment: Analysts and outlets highlight long‑term value and upside from better realized copper/gold prices and a strong provisional 4Q25 outlook, which supports expectations for above‑consensus EPS. Why Freeport-McMoRan (FCX) is a Top Value Stock for the Long-Term
• Positive Sentiment: Jefferies updated models after Freeport’s provisional 4Q25 disclosure and expects EPS to outperform, driven by stronger realized commodity prices. Freeport EPS expected to outperform as Grasberg ramp-up delayed
• Positive Sentiment: Unusual options activity: large call buying (101,726 calls) suggests some traders are positioned for further upside, which can signal short‑term bullish bets (but also increases volatility).
• Positive Sentiment: Stock recently reached a 52‑week high, reflecting momentum and investor appetite for cyclical commodity exposure. Freeport McMoRan stock hits 52-week high at 53.83 USD
• Neutral Sentiment: Independent valuation pieces note the stock’s recent momentum and ask whether current prices fully reflect fundamentals — useful context but not an immediate catalyst. Freeport-McMoRan (FCX) Valuation Check After Recent Share Price Momentum
• Negative Sentiment: Multiple law firms have filed or announced investigations and class actions alleging securities fraud for trades between Feb 15, 2022 and Sep 24, 2025; January 12, 2026 is the lead‑plaintiff filing deadline — the sheer volume of notices increases legal and reputational risk and likely pressured the stock today. Bronstein, Gewirtz & Grossman LLC Urges Freeport-McMoRan Inc. Investors to Act
• Negative Sentiment: Several other firms (Robbins Geller, Kirby McInerney, Rosen, Levi & Korsinsky, etc.) have issued similar notices — collectively these amplify settlement risk, potential future costs, and management distraction. Robbins Geller Rudman & Dowd LLP notice
• Negative Sentiment: Operational cost pressure: Q3 unit cash costs spiked ~24% on lower copper volumes and management warned of a sharper cost rise in Q4 — margin risk if costs remain elevated. FCX’s Unit Cash Costs Spike in Q3
• Negative Sentiment: Specific allegations (Kuehn Law) claim undisclosed safety lapses at Grasberg could raise regulatory, litigation and reputational exposure — a potential material risk if proven. Kuehn Law Encourages Investors of Freeport-McMoRan Inc. to Contact Law Firm

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Freeport-McMoRan in a research report on Wednesday, November 26th. BMO Capital Markets boosted their price target on shares of Freeport-McMoRan from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, December 16th. Raymond James Financial increased their price target on shares of Freeport-McMoRan from $49.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, December 31st. Johnson Rice lowered their price objective on shares of Freeport-McMoRan from $55.00 to $48.00 in a research report on Monday, September 29th. Finally, Scotiabank raised shares of Freeport-McMoRan from a “sector perform” rating to a “sector outperform” rating and reduced their target price for the company from $51.00 to $47.00 in a research report on Wednesday, November 19th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $50.49.

Freeport-McMoRan Price Performance

The business’s 50-day moving average price is $45.12 and its 200 day moving average price is $43.68. The company has a market capitalization of $79.77 billion, a P/E ratio of 39.12, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45. The company has a quick ratio of 1.19, a current ratio of 2.45 and a debt-to-equity ratio of 0.29.

Freeport-McMoRan (NYSE:FCX) last posted its earnings results on Thursday, October 23rd. The natural resource company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. Freeport-McMoRan had a net margin of 7.97% and a return on equity of 7.84%. The business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.74 billion. During the same quarter in the prior year, the firm posted $0.38 EPS. Freeport-McMoRan’s revenue was up 2.7% on a year-over-year basis. Analysts anticipate that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.30 annualized dividend and a yield of 0.5%. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 21.13%.

Insider Activity

In other Freeport-McMoRan news, CAO Stephen T. Higgins sold 28,423 shares of Freeport-McMoRan stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $47.99, for a total transaction of $1,364,019.77. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Ellie L. Mikes sold 9,572 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $47.66, for a total transaction of $456,201.52. Following the completion of the transaction, the chief accounting officer directly owned 38,761 shares in the company, valued at $1,847,349.26. The trade was a 19.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.79% of the stock is owned by insiders.

Institutional Investors Weigh In On Freeport-McMoRan

Several institutional investors have recently bought and sold shares of the stock. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Freeport-McMoRan during the third quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Freeport-McMoRan during the 2nd quarter valued at $28,000. Salomon & Ludwin LLC grew its holdings in Freeport-McMoRan by 1,962.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock worth $29,000 after acquiring an additional 687 shares during the last quarter. JPL Wealth Management LLC purchased a new position in shares of Freeport-McMoRan in the third quarter valued at about $33,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Freeport-McMoRan during the third quarter valued at about $36,000. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

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.