Freeport-McMoRan's Copper Price Surge Drives 3.7% Stock Gain Amid U.S. Tariff Announcement

Freeport-McMoRan (FCX) shares rose 3.7% as copper futures surged 13.2% to a record high, pushing year-to-date gains over 41% due to aggressive stockpiling. Analysts expect a moderate increase, with an average price target of $47.79 for FCX. The average brokerage recommendation is 2.1, indicating an "Outperform" status, and the estimated GF Value for FCX in one year is $48.11.

Freeport-McMoRan Inc. (FCX) shares experienced a 3.7% increase on July 2, 2025, as copper futures surged by 13.2% to an all-time high. The rise in copper prices, driven by aggressive stockpiling, propelled FCX's year-to-date gains over 41%. Analysts anticipate a moderate increase, with an average price target of $47.79 for FCX [1].

The average brokerage recommendation for FCX is 2.1, indicating an "Outperform" status. Additionally, the estimated GF Value for FCX in one year is $48.11 [1].

Freeport-McMoRan's quarterly earnings report, released on April 24, 2025, showed an earnings per share (EPS) of $0.24, exceeding analysts' consensus estimates by $0.01. The company reported a return on equity of 7.03% and a net margin of 7.11%. Revenue for the quarter was $5.73 billion, down 9.4% year-over-year [2].

Several institutional investors have adjusted their holdings in FCX. Golden State Wealth Management LLC trimmed its stake by 81.5% in the first quarter, while Coppell Advisory Solutions LLC boosted its stake by 47.4% during the fourth quarter. Other large investors, such as Palogic Value Management L.P., CIBC Private Wealth Group LLC, Wolff Wiese Magana LLC, and Inspire Advisors LLC, have also modified their holdings [2].

Analysts have revised their ratings and price targets for FCX. Wall Street Zen lowered the rating to "hold," while JPMorgan Chase & Co. reduced the target price from $52.00 to $42.00. Scotiabank raised the rating from "sector perform" to "sector outperform" and increased the target price from $43.00 to $48.00. Wolfe Research raised the rating from "peer perform" to "outperform" and set a $39.00 target price. UBS Group lowered the target price from $52.00 to $45.00 and maintained a "buy" rating [2].

Freeport-McMoRan's dividend announcement on July 1, 2025, declared a quarterly dividend of $0.15 per share, representing a $0.60 annualized dividend and a dividend yield of 1.31%. The dividend payout ratio (DPR) is currently 24.79% [2].

References:
[1] https://stockanalysis.com/stocks/fcx/forecast/
[2] https://www.marketbeat.com/instant-alerts/filing-golden-state-wealth-management-llc-lowers-stock-holdings-in-freeport-mcmoran-inc-nysefcx-2025-07-07/