Freeport-McMoRan (FCX) is down 7.1% today. Here is some analysis on what might have caused this price movement.
Analysis: The most likely driver appears to be a broad selloff in copper-linked equities rather than a fresh company-specific announcement. Freeport remains highly sensitive to copper prices, and the stock is also still dealing with the aftereffects of its April production outlook cut tied to a slower ramp at Grasberg, which can amplify downside moves when sector sentiment weakens.
Details:
FCX was trading near $64.31 on June 23, 2026, down about 7.1% from the prior close, while the copper-miner ETF COPX was also sharply lower on the day.The copper fund CPER was down roughly 3.4% intraday, pointing to pressure across the copper complex and supporting the view that macro commodity sentiment was a major factor.Freeport’s investor page did not show a new company news release after April 23, 2026, suggesting there was no obvious fresh corporate catalyst released today.In first-quarter 2026 results, Freeport said first-quarter copper production fell to 662 million pounds from 868 million pounds a year earlier, and it flagged higher energy, sulfur and sulfuric acid costs plus operational issues at PTFI. That backdrop could be making investors quicker to sell the stock on a weak copper day.Sources:
Freeport-McMoRan, SEC, OpenAI Finance
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$FCX Insider Trading Activity
$FCX insiders have traded $FCX stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $FCX stock by insiders over the last 6 months:
- RICHARD C ADKERSON (Chairman of the Board) has made 0 purchases and 3 sales selling 400,991 shares for an estimated $25,464,329.
- DOUGLAS N. II CURRAULT (EVP & General Counsel) sold 75,000 shares for an estimated $4,838,812
- MAREE E. ROBERTSON (EVP & CFO) sold 48,500 shares for an estimated $2,985,175
- STEPHEN T. HIGGINS (EVP & CAO) sold 29,654 shares for an estimated $1,868,202
- ELLIE L. MIKES (Chief Accounting Officer) sold 11,000 shares for an estimated $682,345
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
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$FCX Hedge Fund Activity
We have seen 1,020 institutional investors add shares of $FCX stock to their portfolio, and 764 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP removed 18,192,535 shares (-58.1%) from their portfolio in Q1 2026, for an estimated $1,035,882,942
- BLACKROCK, INC. added 17,446,139 shares (+16.1%) to their portfolio in Q1 2026, for an estimated $993,383,154
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 8,731,138 shares (-43.7%) from their portfolio in Q1 2026, for an estimated $497,150,997
- MORGAN STANLEY removed 8,034,589 shares (-23.5%) from their portfolio in Q1 2026, for an estimated $457,489,497
- BANK OF AMERICA CORP /DE/ added 7,044,775 shares (+20.0%) to their portfolio in Q1 2026, for an estimated $401,129,488
- JPMORGAN CHASE & CO removed 6,454,805 shares (-42.8%) from their portfolio in Q4 2025, for an estimated $327,839,545
- D. E. SHAW & CO., INC. added 6,412,071 shares (+99.0%) to their portfolio in Q4 2025, for an estimated $325,669,086
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$FCX Congressional Stock Trading
Members of Congress have traded $FCX stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $FCX stock by members of Congress over the last 6 months:
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
$FCX Analyst Ratings
Wall Street analysts have issued reports on $FCX in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Argus Research issued a "Buy" rating on 02/13/2026
- Citigroup issued a "Buy" rating on 01/12/2026
To track analyst ratings and price targets for $FCX, check out Quiver Quantitative's $FCX forecast page.
$FCX Price Targets
Multiple analysts have issued price targets for $FCX recently. We have seen 9 analysts offer price targets for $FCX in the last 6 months, with a median target of $75.0.
Here are some recent targets:
- Orest Wowkodaw from Scotiabank set a target price of $77.0 on 06/15/2026
- Bob Brackett from Bernstein set a target price of $58.5 on 06/10/2026
- Richard Garchitorena from Barclays set a target price of $77.0 on 05/22/2026
- Daniel Major from UBS set a target price of $75.0 on 05/21/2026
- Alexander Hacking from Citigroup set a target price of $66.0 on 05/04/2026
- Carlos De Alba from Morgan Stanley set a target price of $66.0 on 04/24/2026
- Timna Tanners from Wells Fargo set a target price of $77.0 on 04/15/2026
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
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Freeport-McMoRan Falls as Copper Names Slide and Earlier Grasberg Guidance Cut Still Hangs Over Shares
Freeport-McMoRan (FCX) is down 7.1% today. Here is some analysis on what might have caused this price movement.
Analysis: The most likely driver appears to be a broad selloff in copper-linked equities rather than a fresh company-specific announcement. Freeport remains highly sensitive to copper prices, and the stock is also still dealing with the aftereffects of its April production outlook cut tied to a slower ramp at Grasberg, which can amplify downside moves when sector sentiment weakens.
Details:
Sources:
Freeport-McMoRan, SEC, OpenAI Finance
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$FCX Insider Trading Activity
$FCX insiders have traded $FCX stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $FCX stock by insiders over the last 6 months:
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$FCX Hedge Fund Activity
We have seen 1,020 institutional investors add shares of $FCX stock to their portfolio, and 764 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$FCX Congressional Stock Trading
Members of Congress have traded $FCX stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $FCX stock by members of Congress over the last 6 months:
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
$FCX Analyst Ratings
Wall Street analysts have issued reports on $FCX in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
To track analyst ratings and price targets for $FCX, check out Quiver Quantitative's $FCX forecast page.
$FCX Price Targets
Multiple analysts have issued price targets for $FCX recently. We have seen 9 analysts offer price targets for $FCX in the last 6 months, with a median target of $75.0.
Here are some recent targets:
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
Read full article here »