Freeport-McMoRan Inc (NYSE:FCX) shares traded 0.22% higher at $40.24 on Wall Street last session.
FCX stock price is now 9.16% away from the 50-day moving average and -1.24% away from the 200-day moving average. The market capitalization of the company currently stands at $57.79B.
With the price target maintained at $39, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for Freeport-McMoRan Inc (NYSE: FCX). On March 20, 2025, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $48 to quote $52, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, Mikes Ellie L., Chief Accounting Officer sold 8,584 shares of the company’s stock on Jun 02 ’25. The stock was sold for $343,520 at an average price of $40.02. Upon completion of the transaction, the Chief Accounting Officer now directly owns 48,333 shares in the company, valued at $1.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 02 ’25, Officer Mikes Ellie L. bought 8,584 shares of the business’s stock. A total of $343,519 was incurred on buying the stock at an average price of $40.02. A total of 0.60% of the company’s stock is owned by insiders.
During the past 12 months, Freeport-McMoRan Inc has had a low of $27.60 and a high of $52.77. As of last week, the company has a debt-to-equity ratio of 0.53, a current ratio of 2.32, and a quick ratio of 1.13.
The net profit margin was 7.15% and return on equity was 10.10% for FCX. The company reported revenue of $5.73 billion for the quarter, compared to $6.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.38 percent.
