Twenty-two brokerages covering Freeport-McMoRan have assigned the stock a consensus rating of Buy, with sixteen buys, three holds and three strong buys. Over the past two months, UBS Group lifted its target from $60.00 to $70.00, Morgan Stanley set a $70.00 objective, and CICC Research raised its target from $50.40 to $64.40. Clarkson Capital upgraded the stock from Neutral to Buy with a $46.00 target, while Sanford C. Bernstein transitioned its view from Outperform to Market Perform, nudging its price objective up from $53.50 to $54.00. The average one-year analyst target stands at $58.40.

On December 11th, Chief Accounting Officer Stephen T. Higgins sold 28,423 shares at an average of $47.99 per share, reducing his stake by 21.26% to 105,294 shares. On the same day, CAO Ellie L. Mikes disposed of 9,572 shares at an average price of $47.66, trimming her holding by 19.80% to 38,761 shares. Insider ownership now represents just 0.79% of the outstanding shares, while institutional investors and hedge funds control 80.77%.

In the quarter ended December 31, Freeport-McMoRan reported adjusted earnings per share of $0.47, surpassing consensus estimates by $0.19, on revenue of $5.63 billion, beating forecasts by $0.21 billion. Net margin was 8.5% and return on equity matched 8.5%, though revenue declined 1.5% year-over-year. The company declared a quarterly dividend of $0.075 per share—an annualized rate of $0.30—representing a payout ratio of 19.87%, down from the prior payout level as management conserves cash for capital projects.