Freeport-McMoRan 株価情報 (NYSE: FCX)

最新ニュース Freeport-McMoRan (NYSE:FCX) 株価情報

Freeport-McMoRan

Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at end December 2024. we expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.

Freeport-McMoRan Inc

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Shares of metal and mining companies are trading lower amid overall market weakness on US consumer and economic concerns.

Financial giants have made a conspicuous bearish move on Freeport-McMoRan. Our analysis of options history for Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) revealed 19 unusual trades.
Delving into the details, we found 31% of traders were bullish, while 57% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $501,366, and 12 were calls, valued at $687,517.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $45.0 for Freeport-McMoRan over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Freeport-McMoRan stands at 4432.4, with a total volume reaching 8,242.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Freeport-McMoRan, situated within the strike price corridor from $30.0 to $45.0, throughout the last 30 days.
<h3>Freeport-McMoRan Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1740162633_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$6.25</td>
<td>$6.2</td>
<td>$6.2</td>
<td>$35.00</td>
<td>$155.0K</td>
<td>833</td>
<td>25</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$7.45</td>
<td>$7.3</td>
<td>$7.35</td>
<td>$35.00</td>
<td>$147.0K</td>
<td>813</td>
<td>2</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$2.31</td>
<td>$2.3</td>
<td>$2.3</td>
<td>$38.00</td>
<td>$114.7K</td>
<td>1.9K</td>
<td>3.0K</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$1.47</td>
<td>$1.13</td>
<td>$1.27</td>
<td>$40.00</td>
<td>$99.7K</td>
<td>8.4K</td>
<td>0</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$1.89</td>
<td>$1.88</td>
<td>$1.88</td>
<td>$39.00</td>
<td>$93.8K</td>
<td>1.5K</td>
<td>564</td>
</tr>
</tbody>
</table>

<h3>About Freeport-McMoRan</h3>
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at end December 2024. we expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
In light of the recent options history for Freeport-McMoRan, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Freeport-McMoRan's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 6,060,712, the FCX's price is down by -4.08%, now at $37.37. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 60 days.</li>
</ul>
<h3>Expert Opinions on Freeport-McMoRan</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $45.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Scotiabank has decided to maintain their Sector Perform rating on Freeport-McMoRan, which currently sits at a price target of $45. 
&#x2A; An analyst from Jefferies downgraded its action to Hold with a price target of $40. 
&#x2A; An analyst from BMO Capital has decided to maintain their Outperform rating on Freeport-McMoRan, which currently sits at a price target of $50. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Freeport-McMoRan with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

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Looking At Freeport-McMoRan's Recent Unusual Options Activity

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Viking Global Investors' Latest 13F Filing Reveals Dissolved Stakes In Apple By 4.86M Shares, Workday By 3.27M Shares, Las Vegas Sands By 8.67M Shares, McDonald's By 1.12M Shares, Vertiv Holdings By 2.81M Shares, Acadia Healthcare By 3.70M Shares, CBRE Group By 1.57M Shares, Carnival By 9.56M Shares, Freeport-McMoRan By 3.14M Shares, Eli Lilly By 152K Shares, 3M By 840.75K Shares, Ameriprise Financial By 243.06K Shares, Tesla By 436.27K Shares, Rogers Communications By 2.70M Shares

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/02/13/final-trades-agnico-eagle-mines-freeport-mcmoran-starbucks-and-the-kweb.html">Halftime Report Final Trades</a>,&#8221; Kevin Simpson of Capital Wealth Planning picked Agnico Eagle Mines Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) ahead of quarterly earnings, expecting a fifth straight quarter of record <a href="https://www.benzinga.com/quote/AEM/earnings">free cash flow</a>.
After the closing bell on Thursday, Agnico Eagle Mines reported fourth-quarter earnings of $1.26 per share which beat the analyst consensus estimate of $1.18 per share. The company reported quarterly sales of $2.22 billion which missed the analyst consensus estimate of $2.27 billion by 2.01 percent.
Bill Baruch of Blue Line Capital named Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), saying gold has been setting record highs and now it's time for silver and copper. Copper has gained more than 10% month-to-date, while Freeport is still close to the lows. &#8220;I like Freeport to run here,&#8221; he added.
Freeport-McMoRan, meanwhile, on Jan. 23, reported fourth-quarter FY24 results. Revenue stood at $5.72 billion, missing the consensus of $5.99 billion. Adjusted EPS was $0.31, beating the consensus of $0.22.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Liz Young Thomas of SoFi picked KraneShares CSI China Internet ETF (NYSE KWEB) as her final trade.
Rounding out the trades, Joshua Brown of Ritholtz Wealth Management said he is staying long on Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), which hit a new 52-week high on Thursday.
Adding support to his choice, Starbucks, on Jan. 28, reported better-than-expected financial results for the first quarter. The coffee giant reported first-quarter revenue of $9.4 billion, beating the consensus estimate of $9.32 billion. Starbucks reported first-quarter earnings of 69 cents per share, beating analyst estimates of 66 cents per share, according to Benzinga Pro.
Price Action:
<ul>
<li>Agnico Eagle Mines shares opened at $99.75 on Friday.</li>
<li>KraneShares CSI China Internet ETF opened Friday's session at $36.</li>
<li>Freeport-McMoRan opened at $40.49 on Friday</li>
<li>Starbucks shares opened at $112.73 on Friday.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/02/43692962/top-3-consumer-stocks-you-may-want-to-dump-in-february">Top 3 Consumer Stocks You May Want To Dump In February</a></li>
</ul>
Image: Shutterstock

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Starbucks, Agnico Eagle Mines, Freeport-McMoRan And More On CNBC's 'Final Trades'

Analyst Ratings

KWEB

CNBC Halftime Report Final Trades: Agnico Eagle Mines, Freeport-McMoRan, Starbucks, KraneShares Trust KraneShares CSI China Internet ETF

Whales with a lot of money to spend have taken a noticeably bullish stance on Freeport-McMoRan.
Looking at options history for Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 22% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $63,500 and 7, calls, for a total amount of $410,900.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $45.0 for Freeport-McMoRan, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Freeport-McMoRan's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Freeport-McMoRan's whale trades within a strike price range from $30.0 to $45.0 in the last 30 days. 
<h3>Freeport-McMoRan Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739292326_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/28/25</td>
<td>$7.8</td>
<td>$7.75</td>
<td>$7.75</td>
<td>$30.00</td>
<td>$155.0K</td>
<td>404</td>
<td>400</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$1.18</td>
<td>$1.17</td>
<td>$1.18</td>
<td>$45.00</td>
<td>$84.6K</td>
<td>58.2K</td>
<td>743</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$2.94</td>
<td>$2.91</td>
<td>$2.94</td>
<td>$37.00</td>
<td>$54.9K</td>
<td>665</td>
<td>188</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/28/25</td>
<td>$0.52</td>
<td>$0.47</td>
<td>$0.5</td>
<td>$36.00</td>
<td>$37.4K</td>
<td>289</td>
<td>749</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$1.19</td>
<td>$1.13</td>
<td>$1.18</td>
<td>$45.00</td>
<td>$35.4K</td>
<td>58.2K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h3>About Freeport-McMoRan</h3>
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at end December 2024. we expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
In light of the recent options history for Freeport-McMoRan, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Freeport-McMoRan's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 6,003,503, the FCX's price is down by -2.18%, now at $37.62. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 70 days.</li>
</ul>
<h3>What The Experts Say On Freeport-McMoRan</h3>
In the last month, 4 experts released ratings on this stock with an average target price of $45.75.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Jefferies downgraded its action to Hold with a price target of $40. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Freeport-McMoRan, targeting a price of $48. 
&#x2A; An analyst from BMO Capital has decided to maintain their Outperform rating on Freeport-McMoRan, which currently sits at a price target of $50. 
&#x2A; An analyst from Scotiabank has decided to maintain their Sector Perform rating on Freeport-McMoRan, which currently sits at a price target of $45. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Freeport-McMoRan options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Freeport-McMoRan Options Trading: A Deep Dive into Market Sentiment

Looking into the current session, Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) shares are trading at $38.06, after a 1.04% drop. Over the past month, the stock fell by 2.26%, but over the past year, it actually went up by 3.39%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2025/1739278812_0.png" alt="Past Year Chart" />

<h3>Freeport-McMoRan P/E Compared to Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of 28.97 in the Metals &amp; Mining industry, Freeport-McMoRan Inc. has a higher P/E ratio of 29.58. Shareholders might be inclined to think that Freeport-McMoRan Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1739278812_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Price Over Earnings Overview: Freeport-McMoRan

Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) has outperformed the market over the past 5 years by 11.69% on an annualized basis producing an average annual return of 24.06%. Currently, Freeport-McMoRan has a market capitalization of $52.38 billion. 
Buying $100 In FCX: If an investor had bought $100 of FCX stock 5 years ago, it would be worth $299.47 today based on a price of $36.45 for FCX at the time of writing.
<h3>Freeport-McMoRan's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738766757_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Freeport-McMoRan 5 Years Ago Would Be Worth Today

Shares of metals companies are trading higher after the US paused tariffs on Canada.

Investors with a lot of money to spend have taken a bullish stance on Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with FCX, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Freeport-McMoRan.
This isn't normal.
The overall sentiment of these big-money traders is split between 75% bullish and 12%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $219,546, and 5 are calls, for a total amount of $321,320.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $30.0 to $50.0 for Freeport-McMoRan during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Freeport-McMoRan stands at 4142.83, with a total volume reaching 5,914.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Freeport-McMoRan, situated within the strike price corridor from $30.0 to $50.0, throughout the last 30 days.
<h3>Freeport-McMoRan Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738681416_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$13.45</td>
<td>$13.3</td>
<td>$13.4</td>
<td>$50.00</td>
<td>$134.0K</td>
<td>4.6K</td>
<td>100</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$2.13</td>
<td>$1.98</td>
<td>$2.15</td>
<td>$38.00</td>
<td>$85.0K</td>
<td>651</td>
<td>400</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$3.95</td>
<td>$3.85</td>
<td>$3.95</td>
<td>$35.00</td>
<td>$84.5K</td>
<td>720</td>
<td>214</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$0.82</td>
<td>$0.81</td>
<td>$0.82</td>
<td>$40.00</td>
<td>$80.5K</td>
<td>12.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$4.0</td>
<td>$3.9</td>
<td>$4.0</td>
<td>$35.00</td>
<td>$45.6K</td>
<td>720</td>
<td>328</td>
</tr>
</tbody>
</table>

<h3>About Freeport-McMoRan</h3>
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at end December 2024. We expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
<h3>Current Position of Freeport-McMoRan</h3>
<ul>
<li>With a trading volume of 1,627,012, the price of FCX is up by 2.26%, reaching $36.67.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 77 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Freeport-McMoRan</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $46.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on Freeport-McMoRan with a target price of $48. 
&#x2A; Reflecting concerns, an analyst from Bernstein lowers its rating to Market Perform with a new price target of $46. 
&#x2A; An analyst from Scotiabank has decided to maintain their Sector Perform rating on Freeport-McMoRan, which currently sits at a price target of $48. 
&#x2A; An analyst from Jefferies has revised its rating downward to Hold, adjusting the price target to $40. 
&#x2A; An analyst from JP Morgan has decided to maintain their Neutral rating on Freeport-McMoRan, which currently sits at a price target of $48. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Freeport-McMoRan, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Decoding Freeport-McMoRan's Options Activity: What's the Big Picture?

VALE

Shares of metals stocks are trading lower following US tariffs on Mexico, Canada and China.

Investors with a lot of money to spend have taken a bearish stance on Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with FCX, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 13 uncommon options trades for Freeport-McMoRan.
This isn't normal.
The overall sentiment of these big-money traders is split between 46% bullish and 53%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $227,586, and 7 are calls, for a total amount of $338,635.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $33.0 to $50.0 for Freeport-McMoRan over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Freeport-McMoRan's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Freeport-McMoRan's whale trades within a strike price range from $33.0 to $50.0 in the last 30 days. 
<h3>Freeport-McMoRan Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738170927_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$4.35</td>
<td>$4.3</td>
<td>$4.35</td>
<td>$33.00</td>
<td>$99.6K</td>
<td>14</td>
<td align="right">17</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$1.8</td>
<td>$1.75</td>
<td>$1.8</td>
<td>$40.00</td>
<td>$72.0K</td>
<td>4.0K</td>
<td align="right">404</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$2.58</td>
<td>$2.55</td>
<td>$2.58</td>
<td>$38.00</td>
<td>$54.9K</td>
<td>1.0K</td>
<td align="right">539</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$7.55</td>
<td>$7.45</td>
<td>$7.51</td>
<td>$44.00</td>
<td>$46.5K</td>
<td>33</td>
<td align="right">62</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$4.75</td>
<td>$4.75</td>
<td>$4.75</td>
<td>$41.00</td>
<td>$45.1K</td>
<td>873</td>
<td align="right">95</td>
</tr>
</tbody>
</table>

<h3>About Freeport-McMoRan</h3>
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at end December 2024. We expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
Following our analysis of the options activities associated with Freeport-McMoRan, we pivot to a closer look at the company's own performance.
<h3>Freeport-McMoRan's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 5,522,806, the FCX's price is up by 2.15%, now at $36.61. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 83 days.</li>
</ul>
<h3>Expert Opinions on Freeport-McMoRan</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $45.4.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Bernstein downgraded its action to Market Perform with a price target of $46. 
&#x2A; Consistent in their evaluation, an analyst from Scotiabank keeps a Sector Perform rating on Freeport-McMoRan with a target price of $48. 
&#x2A; Consistent in their evaluation, an analyst from Scotiabank keeps a Sector Perform rating on Freeport-McMoRan with a target price of $45. 
&#x2A; An analyst from Jefferies downgraded its action to Hold with a price target of $40. 
&#x2A; An analyst from Jefferies has decided to maintain their Buy rating on Freeport-McMoRan, which currently sits at a price target of $48. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Freeport-McMoRan, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Freeport-McMoRan's Options Frenzy: What You Need to Know

Insider Trades

On CNBC: Stephanie Link Sells Freeport-McMoRan And Exxon Mobil

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Freeport-McMoRan Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>)</h3>
<ul>
<li>On Jan. 23, Freeport-McMoRan reported fourth-quarter FY24 results. Revenue stood at $5.72 billion, missing the consensus of $5.99 billion. Copper sales totaled 1.0 billion pounds, which was slightly above the October 2024 estimate. Copper sales declined year-over-year owing to lower ore grades and the timing of shipments at PT-FI. The company' stock fell around 6% over the past five days and has a <a href="https://www.benzinga.com/quote/FCX">52-week low of $36.26</a>.</li>
<li>RSI Value: 28.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>FCX Price Action: Shares of Freeport-McMoRan fell 1.8% to close at $37.81 on Friday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012725&amp;t=be2bearmibe3na1">FCX news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012725&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="902" height="831" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27050614/image-197.png" alt="" class="wp-image-750776" style="width:568px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27050614/image-197.png 902w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27050614/image-197-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27050614/image-197-768x708.png 768w" sizes="(max-width: 902px) 100vw, 902px" /></a></figure>
<h3 class="wp-block-heading">Northern Technologies International Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTIC#NASDAQ">NTIC</a>)&nbsp;</h3>
<ul>
<li>On Jan. 8, the company said consolidated net sales increased 5.7% to a first quarter record of $21,338,000. &#8220;NTIC&#8217;s record first quarter consolidated sales were driven by Natur-Tec&#xAE; all-time record quarterly sales, as well as, stable ZERUST&#xAE; oil and gas and ZERUST&#xAE; industrial sales. Furthermore, NTIC China enjoyed its highest quarterly sales in nearly three years. We are cautiously optimistic that global trends within our ZERUST&#xAE; industrial markets will continue improving throughout fiscal year 2025,&#8221; said G. Patrick Lynch, President and CEO of NTIC. The company's stock fell around 8% over the past five days and <a href="https://www.benzinga.com/quote/NTIC">has a 52-week low </a>of $11.70.</li>
<li>RSI Value: 26.8</li>
<li>NTIC Price Action: Shares of Northern Technologies International fell 1.5% to close at $12.06 on Friday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012725&amp;t=be2bearmibe3na1">NTIC stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012725&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="913" height="833" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27050648/image-198.png" alt="" class="wp-image-750777" style="width:617px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27050648/image-198.png 913w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27050648/image-198-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27050648/image-198-768x701.png 768w" sizes="(max-width: 913px) 100vw, 913px" /></a></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/markets/25/01/43189390/top-3-materials-stocks-that-may-fall-off-a-cliff-in-january">Top 3 Materials Stocks That May Fall Off A Cliff In January</a></li>
</ul>

Pre-Market Outlook

NTIC

Top 2 Materials Stocks That Could Blast Off This Month

Scotiabank analyst Orest Wowkodaw maintains Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) with a Sector Perform and lowers the price target from $48 to $45.

Price Target

Scotiabank Maintains Sector Perform on Freeport-McMoRan, Lowers Price Target to $45

Several analysts revised the price forecast and rating for Freeport-McMoRan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) following fourth-quarter&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/25/01/43167826/freeport-mcmoran-misses-q4-revenue-estimates-shares-slide-as-copper-sales-and-revenue-decline" rel="noreferrer noopener">FY24 results reported yesterday</a>.
Revenue stood at&nbsp;$5.72 billion,&nbsp;missing the consensus of&nbsp;$5.99 billion and adjusted EPS was&nbsp;$0.31, beating&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the consensus of&nbsp;$0.22</a>.
For 2025, Freeport-McMoRan expects sales volumes to be 4.0 billion pounds of copper, 1.6 million ounces of gold, and&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">88 million pounds of molybdenum</a>.&nbsp;
JP Morgan analyst Bill Peterson reiterated the price forecast <a target="_blank" href="https://www.benzinga.com/quote/fcx/analyst-ratings" rel="noreferrer noopener">of $48 and a Neutral rating</a>.
The analyst writes that quarterly adjusted EBITDA of $2.11 billion met expectations, driven by strong realized pricing and cost efficiencies, offsetting weaker copper and moly sales and higher delivery costs.
The analyst adds that as somewhat unexpected, the spending falls within the company&#8217;s capital allocation framework and can help lay the groundwork for future growth.
Management expects Indonesia&#8217;s export license extension soon, though first-quarter sales are expected to be impacted, writes the analyst.
Peterson writes that the shipments remain paused, with maintenance brought forward, impacting first-quarter copper/gold sales (-14%/-36% Q/Q). The FY25 copper guidance cut suggests some lost sales won&#8217;t be recouped.
The analyst notes that any incremental cost savings may fall directly to the bottom line given North America&#8217;s NOLs/no royalties.
Furthermore, if copper qualifies for 45X tax credits, it could generate $500 million/year in cost savings, representing a potential upside to consensus estimates, adds the analyst.
The analyst expects cuts to first-quarter estimates (JPMe &#8211; 26% vs prior) due to weak sales guidance and higher unit costs. Earnings are projected to improve in second-quarter as deferred Indonesia sales begin to recover.
Raymond James analyst Brian MacArthur cue the price forecast from $53 to $49 with an Outperform rating.
The analyst says that FCX provides exposure to large, low-cost, long-life copper assets with significant gold production.
While Grasberg in Indonesia presents a jurisdictional risk, the 2018 transaction with the government has improved Grasberg&#8217;s risk profile, adds the analyst.
BMO Capital Markets analyst slashed the price forecast from $54 to $50 while reiterating an Outperform rating.
Meanwhile, Jefferies downgraded the company from Buy to Hold and trimmed the price forecast from $48 to $40.
Investors can gain exposure to the stock via&nbsp;Sprott Copper Miners ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COPP#NASDAQ">COPP</a>) and&nbsp;Themes ETF Trust Themes Copper Miners ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/COPA#BATS">COPA</a>).
Price Action: FCX shares are down 1.79% at $37.81 at last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/25/01/43192052/freeport-mcmoran-clearway-energy-and-a-financial-stock-on-cnbcs-final-trades" target="_blank" rel="noreferrer noopener">Freeport-McMoRan, Clearway Energy And A Financial Stock On CNBC&#8217;s &#8216;Final Trades&#8217;</a></li>
</ul>
Photo via Shutterstock.

Analyst Color

Equities

Large Cap

Downgrades

COPA

COPP

Freeport-McMoRan's Copper Sales Fall Sparks Mixed Analyst Reactions, Long-Term Upside Remains In Play

BMO Capital analyst Katja Jancic maintains Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) with a Outperform and lowers the price target from $54 to $50.

BMO Capital Maintains Outperform on Freeport-McMoRan, Lowers Price Target to $50

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Jefferies analyst Chris LaFemina downgraded the rating for Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) from Buy to Hold and lowered the price target from $48 to $40. Freeport-McMoRan shares closed at $38.50 on Thursday. <a href="https://www.benzinga.com/quote/FCX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Jeffrey Zekauskas downgraded CF Industries Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CF#NYSE">CF</a>) from Neutral to Underweight and slashed the price target from $82 to $75. CF Industries shares closed at $95.24 on Thursday. <a href="https://www.benzinga.com/quote/CF/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup analyst Michelle Fang downgraded New Oriental Education &amp; Technology Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) from Buy to Neutral and lowered the price target from $83 to $50. New Oriental Education shares closed at $46.75 on Thursday. <a href="https://www.benzinga.com/quote/EDU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Matthew Boss downgraded the rating for PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) from Overweight to Neutral and slashed the price target from $149 to $113. PVH shares closed at $96.32 on Thursday. <a href="https://www.benzinga.com/quote/PVH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst Ronald Epstein downgraded Textron Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) from Buy to Neutral and lowered the price target from $110 to $85. Textron shares closed at $78.21 on Thursday. <a href="https://www.benzinga.com/quote/CCEC/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying PVH stock? Here&#8217;s what analysts think: 
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</ul>

New Oriental Education & Technology Group

This PVH Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/01/23/final-trades-freeport-mcmoran-clearway-energy-and-nasdaq.html">Halftime Report Final Trades</a>,&#8221; Bill Baruch of Blue Line Capital said Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) reported quarterly earnings on Thursday. 
Copper is going higher and Freeport-McMoRan<a href="https://www.benzinga.com/news/earnings/25/01/43167826/freeport-mcmoran-misses-q4-revenue-estimates-shares-slide-as-copper-sales-and-revenue-decline"> will follow, he added.</a>
Phoenix, Arizona-based Freeport-McMoRan reported fourth-quarter revenue of $5.72 billion. It missed the consensus of $5.99 billion. Copper sales totaled 1 billion pounds — slightly above the October 2024 estimate. Copper sales declined year-over-year owing to lower ore grades and the timing of shipments at PT-FI.
In the basic materials sector, Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC picked Clearway Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWEN#NYSE">CWEN</a>), which is a renewable power generation company.
On the earnings front, Clearway Energy is scheduled to report fourth quarter 2024 financial results on Monday, Feb. 24.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Rounding out the trades, Joshua Brown of Ritholtz Wealth Management said Nasdaq, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) successfully retested the breakout level and is on the rise once again.
Supporting his view, Oppenheimer analyst Owen Lau, on Jan. 13, maintained Nasdaq with an Outperform and raised the price target from $86 to $89.
Price Action:
<ul>
<li>Freeport-McMoRan shares fell 1.5% to close at $38.50 during Thursday's session.</li>
<li>Clearway Energy shares rose by 2.6% to close at $25.28 during Thursday's session.</li>
<li>Nasdaq shares gained 0.3% to close at $81.03 on Thursday.</li>
</ul>
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</ul>
Image: Shutterstock

CWEN

NDAQ

Freeport-McMoRan, Clearway Energy And A Financial Stock On CNBC's 'Final Trades'

In the last three months, 5 analysts have published ratings on Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), offering a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $46.0, a high estimate of $48.00, and a low estimate of $40.00. Experiencing a 13.53% decline, the current average is now lower than the previous average price target of $53.20. 
<img src="https://www.benzinga.com/files/images/story/2025/1737720038_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A comprehensive examination of how financial experts perceive Freeport-McMoRan is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Chris LaFemina</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$40.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Bill Peterson</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$48.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Bob Brackett</td>
<td>Bernstein</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$46.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Orest Wowkodaw</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$48.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Chris LaFemina</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$48.00</td>
<td>$60.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Freeport-McMoRan. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Freeport-McMoRan compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Freeport-McMoRan's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of Freeport-McMoRan's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/FCX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Freeport-McMoRan analyst ratings.</a>
<h2>Get to Know Freeport-McMoRan Better</h2>
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.2 million metric tons of copper (its share) in 2023, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. About 75% of 2023 revenue was from copper, with a further 15% from gold and about 10% from molybdenum. It had about 25 years of copper reserves at end December 2023. we expect it to sell similar amounts of copper midcycle in 2028, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.
<h3>A Deep Dive into Freeport-McMoRan's Financials</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Freeport-McMoRan's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 16.59%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Materials sector.
Net Margin: Freeport-McMoRan's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 7.75%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Freeport-McMoRan's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 3.01%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Freeport-McMoRan's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.96%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Freeport-McMoRan's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.55, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into Freeport-McMoRan Stock: Analyst Perspectives (5 Ratings)

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