Freeport-McMoRan (NYSE:FCX) Upgraded by Stifel Canada to "Strong-Buy" Rating

Freeport-McMoRan (NYSE:FCX - Get Free Report) was upgraded by equities research analysts at Stifel Canada to a "strong-buy" rating in a research report issued on Tuesday,Zacks.com reports. Stifel Canada also issued estimates for Freeport-McMoRan's Q2 2025 earnings at $0.45 EPS, Q3 2025 earnings at $0.31 EPS, Q4 2025 earnings at $0.31 EPS, FY2025 earnings at $1.31 EPS, FY2026 earnings at $1.59 EPS and FY2027 earnings at $1.81 EPS.

A number of other research analysts have also issued reports on the company. Wall Street Zen lowered Freeport-McMoRan from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Scotiabank lifted their price objective on shares of Freeport-McMoRan from $48.00 to $52.00 and gave the stock a "sector outperform" rating in a research note on Wednesday. Dbs Bank upgraded shares of Freeport-McMoRan from a "hold" rating to a "strong-buy" rating in a report on Monday, March 10th. JPMorgan Chase & Co. raised their target price on shares of Freeport-McMoRan from $42.00 to $56.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Wolfe Research upgraded shares of Freeport-McMoRan from a "peer perform" rating to an "outperform" rating and set a $39.00 price target on the stock in a research report on Wednesday, April 16th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.00.

Freeport-McMoRan Price Performance

Shares of NYSE FCX traded down $0.84 during mid-day trading on Tuesday, reaching $46.37. 17,116,883 shares of the company traded hands, compared to its average volume of 13,804,602. Freeport-McMoRan has a fifty-two week low of $27.66 and a fifty-two week high of $52.61. The firm has a market cap of $66.64 billion, a PE ratio of 38.32, a price-to-earnings-growth ratio of 0.88 and a beta of 1.64. The stock has a fifty day simple moving average of $41.09 and a 200-day simple moving average of $38.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.32 and a quick ratio of 1.13.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The natural resource company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. Freeport-McMoRan had a return on equity of 7.03% and a net margin of 7.11%. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $5.36 billion. During the same period last year, the company posted $0.32 EPS. The firm's quarterly revenue was down 9.4% on a year-over-year basis. Equities research analysts anticipate that Freeport-McMoRan will post 1.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Ellie L. Mikes sold 8,584 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $40.02, for a total value of $343,531.68. Following the transaction, the chief accounting officer owned 48,333 shares in the company, valued at $1,934,286.66. This represents a 15.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Coppell Advisory Solutions LLC boosted its stake in shares of Freeport-McMoRan by 47.4% during the 4th quarter. Coppell Advisory Solutions LLC now owns 833 shares of the natural resource company's stock valued at $32,000 after buying an additional 268 shares during the period. Kestra Private Wealth Services LLC raised its holdings in shares of Freeport-McMoRan by 0.4% during the first quarter. Kestra Private Wealth Services LLC now owns 62,015 shares of the natural resource company's stock worth $2,348,000 after acquiring an additional 275 shares in the last quarter. Princeton Capital Management LLC boosted its position in Freeport-McMoRan by 1.1% during the first quarter. Princeton Capital Management LLC now owns 25,980 shares of the natural resource company's stock valued at $984,000 after purchasing an additional 275 shares during the last quarter. Capital Investment Advisory Services LLC grew its stake in Freeport-McMoRan by 3.2% in the first quarter. Capital Investment Advisory Services LLC now owns 9,102 shares of the natural resource company's stock valued at $345,000 after purchasing an additional 278 shares in the last quarter. Finally, Capital Analysts LLC increased its position in Freeport-McMoRan by 12.5% in the 1st quarter. Capital Analysts LLC now owns 2,550 shares of the natural resource company's stock worth $96,000 after purchasing an additional 284 shares during the last quarter. 80.77% of the stock is owned by hedge funds and other institutional investors.

About Freeport-McMoRan

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.