Freeport-McMoRan Option Alert: Aug 15 $49 Calls at the Bid: 9000 vs 2799 OI; Earnings 7/23 Before Open 

Freeport-McMoRan Option Alert: Aug 15 $49 Calls at the Bid: 9000 @ $1.22 vs 2799 OI; Earnings 7/23 Before Open Ref=$46.32

Freeport-McMoRan Option Alert: Aug 15 $40 Calls Sweep (5) near the midpoint: 1000 vs 12132 OI

Freeport-McMoRan Option Alert: Aug 15 $40 Calls Sweep (5) near the midpoint: 1000 @ $7.0 vs 12132 OI; Ref=$46.61

Freeport-McMoRan Option Alert: Aug 15 $40 Calls at the Bid: 2000 vs 12132 OI

Freeport-McMoRan Option Alert: Aug 15 $40 Calls at the Bid: 2000 @ $8.25 vs 12132 OI; Ref=$47.69

Freeport-McMoRan Option Alert: Sep 19 $40 Calls Sweep (8) near the Ask: 1067 vs 8170 OI

Freeport-McMoRan Option Alert: Sep 19 $40 Calls Sweep (8) near the Ask: 1067 @ $7.05 vs 8170 OI; Ref=$46.05

Freeport-McMoRan (NYSE:FCX) Bolsa

FREEPORT-MCMORAN INC

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 the end of 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.

Macro,Image,Of,Copper,Bar

Analyst Color

Equities

Government

Large Cap

Macro Economic Events

Regulations

Sector ETFs

Economics

Analyst Ratings

ETFs

ANFGF

CAHPF

GMBXF

ICOP

SCCO

El arancel del 50 % al cobre anunciado por Trump dispara el precio y beneficia a mineras como Freeport y Southern Copper.

Trump impone arancel del 50 % al cobre y dispara acciones de mineras en EE.UU.

Usd,Dollar,Banknote,Is,Torn,With,Recession,Wording,On,Red

Econ #s

Tech

FSLR

GRMN

NCLH

PLTR

SBUX

SHOP

SMCI

TEAM

El PIB de EE.UU. cae un 0,3 % en el primer trimestre de 2025. Wall Street retrocede y aumentan los temores de recesión e inflación.

EE.UU. entra en contracción económica: PIB cae un 0,3% y Wall Street reacciona con fuertes caídas

Copper.Shutterstock

News

Commodities

Politics

Legal

Markets

EE.UU. se prepara para aplicar aranceles del 25% a las importaciones de cobre, lo que podría afectar a los precios y productores globales.

EE.UU. podría imponer aranceles del 25 % al cobre: Impacto en el mercado global y productores

Whales with a lot of money to spend have taken a noticeably bearish 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 27 trades.
If we consider the specifics of each trade, it is accurate to state that 14% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 12 are puts, for a total amount of $762,015 and 15, calls, for a total amount of $2,458,512.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $35.0 and $50.0 for Freeport-McMoRan, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Freeport-McMoRan options trades today is 3844.0 with a total volume of 21,782.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Freeport-McMoRan's big money trades within a strike price range of $35.0 to $50.0 over 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/2025/1752260494_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</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>NEUTRAL</td>
<td>08/15/25</td>
<td>$1.28</td>
<td>$1.16</td>
<td>$1.22</td>
<td>$49.00</td>
<td>$1.0M</td>
<td>2.7K</td>
<td>10.0K</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$7.1</td>
<td>$6.85</td>
<td>$6.85</td>
<td>$40.00</td>
<td>$342.5K</td>
<td>9.6K</td>
<td>517</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$2.34</td>
<td>$2.29</td>
<td>$2.31</td>
<td>$46.00</td>
<td>$231.0K</td>
<td>3.4K</td>
<td>26</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/17/25</td>
<td>$2.37</td>
<td>$2.3</td>
<td>$2.5</td>
<td>$44.00</td>
<td>$200.0K</td>
<td>0</td>
<td>1.6K</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/17/25</td>
<td>$2.36</td>
<td>$2.15</td>
<td>$2.39</td>
<td>$44.00</td>
<td>$191.2K</td>
<td>0</td>
<td>800</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 the end of 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.
After a thorough review of the options trading surrounding Freeport-McMoRan, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Freeport-McMoRan's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 10,046,256, the FCX's price is down by -1.96%, now at $46.28. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 12 days.</li>
</ul>
<h3>What The Experts Say On Freeport-McMoRan</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $52.0.
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;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Outperform rating for Freeport-McMoRan, targeting a price of $52. 
&#x2A; An analyst from Stifel has revised its rating downward to Buy, adjusting the price target to $56. 
&#x2A; An analyst from Citigroup persists with their Neutral rating on Freeport-McMoRan, maintaining a target price of $48. 
&#x2A; In a positive move, an analyst from Scotiabank has upgraded their rating to Sector Outperform and adjusted the price target to $48. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Freeport-McMoRan, targeting a price of $56. 
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.

Options

Smart Money Is Betting Big In FCX Options

WIIM

COPP

CPER

TECK

Shares of copper stocks are trading lower. The commodity may be experiencing volatility following President Trump's announcement of a 50% import tariff on the metal earlier this week.

UBS analyst Curt Woodworth downgrades Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) from Buy to Neutral and raises the price target from $45 to $50.

Downgrades

Price Target

UBS Downgrades Freeport-McMoRan to Neutral, Raises Price Target to $50

A quiet day on Wall Street turned into a major win for airline investors Thursday, as Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) surged 12% after posting second-quarter results that topped both earnings and revenue expectations, while indicating a strong demand outlook, sparking <a href="https://www.benzinga.com/markets/earnings/25/07/46341383/delta-air-lines-ceo-confident-in-stronger-2025-as-demand-holds-steady">a broad rally across the sector.</a>
Shares of American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) jumped 12.5% and United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) rallied 13.5%. The U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>), which tracks airline stocks, soared 7.2% for its best day since the 90-day tariff pause in April.
Elsewhere, major large-cap averages were little moved. The Nasdaq 100 slipped 0.3% after hitting all-time highs on Wednesday. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) eased 0.2%, following a 1.8% surge the day before that pushed its market cap to a record-breaking $4 trillion — the largest ever for any company.
Small-cap stocks continued to outperform, with the Russell 2000 touching levels last seen in February. 
A day earlier, President Donald Trump announced sweeping 50% tariffs on imports from Brazil and confirmed the 50% tariff on copper, effective Aug. 1.
iShares MSCI Brazil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWZ#NYSE">EWZ</a>) fell 1.6% Thursday, adding to a 1.7% decline on Wednesday. The combined 3.3% drop marked the worst two-day performance for Brazilian equities since early April.
Copper futures surged 2.2% to around $5.60 per pound in reaction, with strength spilling into other industrial metals. Silver rose 1.6%, while palladium gained 3.6%, reflecting expectations of tightening supply.
Crude oil prices declined over 2% as the market absorbed reports that OPEC+ is considering halting its planned production increases starting in October, highlighting concerns about a potential oversupply after the summer. 
In economic news, the U.S. labor market showed continued resilience as initial jobless claims dropped to 237,000 last week, beating forecasts. However, continuing claims rose to 1.965 million, the highest level since 2021.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded flat at $111,300 after touching a fresh record of $112,040 on Wednesday.
<h2 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>%chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,266.68</td>
<td>0.7%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,705.80</td>
<td>0.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,275.94</td>
<td>0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>22,790.40</td>
<td>-0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:18 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) inched 0.2% higher to $574.78.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.6% to $446.98.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;slipped 0.3% to $554.72.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) soared 0.7% to $225.12.</li>
<li>The&nbsp;Health Care&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) outperformed, up 1%; the&nbsp;Technology&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 0.4%.</li>
</ul>
<h2 class="wp-block-heading">Thursday&#8217;s Stock Movers</h2>
<ul class="wp-block-list">
<li>Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) jumped more than 4% after NorthCoast Research raised its price target to $28 from $21, reiterating its &#8216;Buy&#8217; rating.</li>
<li>Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) climbed 3.3% as copper prices extended gains, with futures rising above $5.60 per pound amid renewed supply concerns.</li>
<li>Nu Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>) dropped 5.1% after Trump announced a 50% tariff on Brazilian imports, sparking a broad selloff in Brazil-linked assets. Read now:<a href="https://www.benzinga.com/news/25/07/46344520/defense-stocks-outperform-tech-trump-budget-boost"></a></li>
<li><a href="https://www.benzinga.com/news/25/07/46344520/defense-stocks-outperform-tech-trump-budget-boost">Forget Tech—Trump Just Made Defense The Hottest Trade On Wall Street</a></li>
</ul>
Photo: Shutterstock

Trading Ideas

$BTC

SPDR Dow Jones Industrial Average ETF Trust

JETS

NVDA

Airline Stocks Take Off, Trump Hits Brazilian ETF: What's Moving Markets Thursday?

Deep-pocketed investors have adopted a bullish approach towards Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in FCX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 35 extraordinary options activities for Freeport-McMoRan. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 40% bearish. Among these notable options, 8 are puts, totaling $1,521,658, and 27 are calls, amounting to $2,921,284.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $60.0 for Freeport-McMoRan over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $40.0 to $60.0 in the last 30 days. 
<h3>Freeport-McMoRan 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752166859_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>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$5.7</td>
<td>$3.65</td>
<td>$5.2</td>
<td>$42.00</td>
<td>$468.0K</td>
<td>369</td>
<td>900</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$2.1</td>
<td>$2.05</td>
<td>$2.09</td>
<td>$45.00</td>
<td>$386.6K</td>
<td>3.6K</td>
<td>2.0K</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$7.65</td>
<td>$7.5</td>
<td>$7.5</td>
<td>$40.00</td>
<td>$375.0K</td>
<td>7.3K</td>
<td>3.1K</td>
</tr>
<tr>
<td>FCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$7.7</td>
<td>$7.45</td>
<td>$7.5</td>
<td>$40.00</td>
<td>$372.7K</td>
<td>7.3K</td>
<td>1.7K</td>
</tr>
<tr>
<td>FCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/11/25</td>
<td>$2.01</td>
<td>$1.61</td>
<td>$1.78</td>
<td>$48.00</td>
<td>$356.0K</td>
<td>57</td>
<td>2.0K</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 the end of 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>Present Market Standing of Freeport-McMoRan</h3>
<ul>
<li>Currently trading with a volume of 8,943,227, the FCX's price is up by 2.61%, now at $46.78. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 13 days.</li>
</ul>
<h3>What The Experts Say On Freeport-McMoRan</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $52.0.
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;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 Outperform rating on Freeport-McMoRan, which currently sits at a price target of $52. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Freeport-McMoRan, targeting a price of $48. 
&#x2A; An analyst from JP Morgan has decided to maintain their Overweight rating on Freeport-McMoRan, which currently sits at a price target of $56. 
&#x2A; In a positive move, an analyst from Scotiabank has upgraded their rating to Sector Outperform and adjusted the price target to $48. 
&#x2A; An analyst from Stifel has revised its rating downward to Buy, adjusting the price target to $56. 
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://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Market Whales and Their Recent Bets on FCX Options

Shares of copper stocks are trading lower, pulling back after rising yesterday. President Trump recently announced a 50% import tariff on copper.

Scotiabank analyst Orest Wowkodaw maintains Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) with a Sector Outperform and raises the price target from $48 to $52.

Scotiabank Maintains Sector Outperform on Freeport-McMoRan, Raises Price Target to $52

A surprise 50% import tariff on copper announced by President Donald Trump on Tuesday sent the red metal into a frenzy, driving prices to a historic high of $5.90 per pound as investors rushed to price <a href="https://www.benzinga.com/markets/equities/25/07/46305321/copper-price-surges-trump-tariffs-stocks-july-2025">in potential supply constraints.</a>
U.S.-based copper stocks Freeport-McMoRan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NASDAQ">FCX</a>) and Southern Copper Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>) stand to post outsized gains if copper prices continue climbing.
While the measure appeared unplanned, the short implementation timeline—expected before the end of July or early August—has made it increasingly likely that the 50% rate will take effect, according to Goldman Sachs analyst Eoin Dinsmore.
"We change our baseline to a 50% tariff on U.S. copper imports from 25% previously," Dinsmore said in a note Wednesday. 
<h2 class="wp-block-heading">What's Driving The Copper Price Surge?</h2>
The shock tariff announcement comes amid already tight global copper supplies. 
Goldman Sachs maintained its December 2025 London Metal Exchange (LME) copper forecast at $9,700 per metric ton, but said the odds of prices exceeding $10,000 in the third quarter have diminished.
Still, with global supply lagging demand and the U.S. set to experience a copper stock drawdown, prices are likely to remain elevated for months, according to the bank.
&#8220;We expect a further acceleration in shipments into the U.S. in the coming weeks,&#8221; Dinsmore said, as traders rush to import ahead of tariff implementation.
Steel and aluminum tariffs were also raised to 50% in June, with markets pricing in 80% of that move—providing a precedent for copper to follow a similar pricing trajectory.
Copper's 13% advance on Tuesday not only marked its largest single-day rally on record, but also lifted prices to fresh all-time highs, said LPL Financial's chief technical strategist Adam Turnquist. While the metal has since pared some gains, it still remains above key support at $5.22 per pound.
"The surging demand for U.S. copper ahead of the looming tariffs has pushed domestic prices to a +25% premium over copper trading at the London Metal Exchange (LME)," Turnquist said. 
At the same time, LME inventories have been significantly depleted, raising concerns about a global supply shortage outside the U.S.
He added that rising copper prices could significantly affect copper-intensive sectors such as building construction, equipment manufacturing, electric vehicles and electronic products. 
"The widespread use of copper might also fuel inflation concerns," Turnquist said.
<h2 class="wp-block-heading">Which Stocks Could Potentially Gain From Trump's Copper Shock?</h2>
Freeport is the top U.S. copper equity play and holds a nearly 9% weighting in the iShares Copper and Metals Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICOP#NYSE">ICOP</a>).
Southern Copper Corp. could another key beneficiary, with the stock returning 10.1% year-to-date.
Globally, copper production is heavily concentrated in Latin American countries like Chile and Peru—home to some of the world's largest deposits. 
This puts additional focus on companies such as Grupo México S.A.B. de C.V (OTCPK: GMBXF)., the parent of Southern Copper, and BHP Group Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>), which has significant operations in Chile's Escondida mine, the world's largest copper mine.
Other global players include First Quantum Minerals Ltd, Antofagasta plc (OTCPK: ANFGF), focused on Chilean mining, and Evolution Mining Ltd. (OTCPK: CAHPF), an Australian company diversifying into copper alongside its core gold assets.
Read now:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/emerging-markets/25/07/46306953/emerging-markets-etfs-inflows-iemg-vwo-2025">Wall Street Is On Fire—So Why Is This Wall Of Cash Moving Abroad?</a></li>
</ul>
Image: Shutterstock

Trump's 50% Copper Tariff Shocks Markets—These Stocks Are Winning Big

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 class="wp-block-list">
<li>WestPark Capital analyst Curtis Shauger initiated coverage on C3.ai, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) with a Buy rating and announced a price target of $40. C3.ai shares closed at $26.37 on Tuesday. <a href="https://www.benzinga.com/quote/AI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wolfe Research analyst Alex Zukin initiated coverage on MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) with an Outperform rating and announced a price target of $280. MongoDB shares closed at $208.90 on Tuesday. <a href="https://www.benzinga.com/quote/MDB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler initiated coverage on Inovio Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INO#NASDAQ">INO</a>) with an Overweight rating and announced a price target of $5. Inovio Pharmaceuticals shares closed at $1.34 on Tuesday. <a href="https://www.benzinga.com/quote/INO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel analyst Paul Forward initiated coverage on Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) with a Buy rating and announced a price target of $56. Freeport-McMoRan shares closed at $46.27 on Tuesday. <a href="https://www.benzinga.com/quote/FCX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>William Blair analyst Sharon Zackfia initiated coverage on Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) with an Outperform rating. Wingstop shares closed at $326.65 on Tuesday. <a href="https://www.benzinga.com/quote/WINNG/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying WING stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/WING/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="582" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09101153/image-99-1024x582.png" alt="" class="wp-image-978485" style="width:581px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09101153/image-99-1024x582.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09101153/image-99-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09101153/image-99-768x437.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/09101153/image-99.png 1143w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/07/46296650/top-2-industrials-stocks-you-may-want-to-dump-this-quarter">Top 2 Industrials Stocks You May Want To Dump This Quarter</a> </li>
</ul>
Photo via Shutterstock

Initiation

WING

This Wingstop Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday

JP Morgan analyst Bill Peterson maintains Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) with a Overweight and raises the price target from $42 to $56.

JP Morgan Maintains Overweight on Freeport-McMoRan, Raises Price Target to $56

Stifel analyst Paul Forward initiates coverage on Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) with a Buy rating and announces Price Target of $56.

Stifel Initiates Coverage On Freeport-McMoRan with Buy Rating, Announces Price Target of $56

7 analysts have shared their evaluations of Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within 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">2</td>
<td align="right">3</td>
<td align="right">2</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">0</td>
<td align="right">1</td>
<td align="right">0</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">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $45.0, a high estimate of $50.00, and a low estimate of $39.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 3.23%. 
<img src="https://www.benzinga.com/files/images/story/2025/1752008461_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The standing of Freeport-McMoRan among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines 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>Alexander Hacking</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$48.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>Orest Wowkodaw</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$48.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Orest Wowkodaw</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$43.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Chris LaFemina</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$50.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Timna Tanners</td>
<td>Wolfe Research</td>
<td>Announces</td>
<td>Outperform</td>
<td>$39.00</td>
<td>-</td>
</tr>
<tr>
<td>Daniel Major</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$45.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Bill Peterson</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$42.00</td>
<td>$52.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Freeport-McMoRan. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Freeport-McMoRan compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Freeport-McMoRan's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Freeport-McMoRan's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FCX/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Freeport-McMoRan analyst ratings.</a>
<h2>Delving into Freeport-McMoRan's Background</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 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 the end of 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>Freeport-McMoRan: Delving into Financials</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Freeport-McMoRan's revenue growth over a period of 3M has faced challenges. As of 31 March, 2025, the company experienced a revenue decline of approximately -9.38%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Materials sector.
Net Margin: Freeport-McMoRan's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 6.15%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.0%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Freeport-McMoRan's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.64%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a high debt-to-equity ratio of 0.53, Freeport-McMoRan faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Significance of Analyst Ratings Explained</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.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
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;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Freeport-McMoRan Stock: A Deep Dive Into Analyst Perspectives (7 Ratings)

U.S. stocks were little changed on Tuesday as investors stayed cautious following a series of letters from the White House to major trading partners, <a href="https://www.benzinga.com/topic/tariffs">outlining sweeping new tariffs. </a>
The real market action unfolded in commodities, with copper surging 10% after President Donald Trump announced a 50% tariff on copper imports starting today.
The industrial metal jumped to $5.52 per pound, hitting a new all-time high and marking its biggest one-day gain since October 2008.
During a Cabinet meeting, Trump stated: "Some letters are at a 60%, 70% rate.&#8221; He said to be announcing new tariff measures on pharmaceuticals — possibly a 200% tariff.
He added that trade relations with China have been "very fair" recently, noting a strong working relationship.
While Trump reiterated openness to trade negotiations, he emphasized that the U.S. will not extend the August deadline for reciprocal tariffs to take effect.
Commenting on the European Union, Trump said: "The EU has been speaking to us. President von der Leyen has been very nice lately, but they've treated us badly until recently. We're probably two days away from sending the EU letter. A letter is a deal."
At 1:40 p.m. ET, the S&amp;P 500 was flat at 6,220, the Nasdaq 100 gained 0.1% to 22,710, while small caps led the way with the Russell 2000 rising 0.9%.
Energy stocks outperformed as oil prices climbed 1.4% for a second straight session, topping $68 — a two-week high.
Treasury yields also moved higher, with the 10-year rising five basis points to 4.43% and the 30-year yield climbing to 4.96%.
The U.S. dollar remained steady, while gold fell 0.8% to $3,308 per ounce. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded around $109,125.
<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>% change</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,233.89</td>
<td>0.9%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>22,710.77</td>
<td>0.1%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,229.74</td>
<td>0.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,254.05</td>
<td>-0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 1:45 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) flattened at $570.48.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.3% lower to $442.54.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;eased 0.1% to $533.50.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.9% to $221.73.</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 2.8%; the Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 1.3%.</li>
</ul>
<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>
<ul class="wp-block-list">
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) dropped 12%, while Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) fell 4.5% and First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) declined 6% after President Trump signed an order slashing tax credits for wind and solar energy.</li>
<li>Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) jumped 4.4%, benefiting from a sharp spike in copper prices following the newly announced tariffs.</li>
<li>Fair Isaac Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>) sank 15% after Bill Pulte, director of the Federal Housing Finance Agency, announced Fannie Mae and Freddie Mac will now allow lenders to adopt the VantageScore 4.0 credit scoring model.</li>
<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) rallied 7.5% after Citigroup raised its price target on the stock from $21 to $24.</li>
<li>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) declined 3.5% — its worst session since April — after HSBC downgraded the bank from Hold to Reduce and lifted its price target from $237 to $259.</li>
<li>Datadog Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>) fell 4.3% to $145.81 after Guggenheim downgraded the stock from Neutral to Sell, setting a price target of $105.</li>
<li>Devon Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) surged 7.4% after JPMorgan increased its price target from $40 to $42 while maintaining a Neutral rating.</li>
<li>Other oil and gas majors advanced amid rising crude prices: Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) <a href="https://www.benzinga.com/etfs/sector-etfs/25/07/46304047/energy-etfs-in-focus-after-exxon-flags-1-5-billion-profit-hit">rose</a> 2.8%, Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) gained 3.5%, and ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) climbed 4.3%. 


</li>
</ul>
Read Now:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/07/46296421/goldman-sachs-raises-sp500-forecast-6900">S&amp;P 500 Near 7,000? Inside Goldman&#8217;s New Gravity-Defying Forecast</a></li>
</ul>
Photo: TimBrew via Shutterstock

Broad U.S. Equity ETFs

Global

DDOG

ENPH

FICO

INTC

Copper Rallies To Record Highs After Trump's 50% Tariff Bombshell: What's Moving Markets Tuesday?

Freeport-McMoRan shares are trading higher after Citigroup raised its price target on the stock from $44 to $48.

Shares of copper stocks are trading higher after President Trump said he believes copper tariffs will be 50%.

Citigroup analyst Alexander Hacking maintains Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) with a Neutral and raises the price target from $44 to $48.

Citigroup Maintains Neutral on Freeport-McMoRan, Raises Price Target to $48

<a href="https://www.youtube.com/live/vL6PaBTA4I8" title="https://www.youtube.com/live/vL6PaBTA4I8">https://www.youtube.com/live/vL6PaBTA4I8</a>

Macro Notification

General

President Trump Says Will Be Announcing Semiconductor Tariffs; Believe Copper Tariff Will Be 50%

Freeport-McMoRan's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) short percent of float has risen 15.07% since its last report. The company recently reported that it has 23.98 million shares sold short, which is 1.68% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.08 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Freeport-McMoRan Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751896918_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Freeport-McMoRan has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Freeport-McMoRan's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Freeport-McMoRan's peer group average for short interest as a percentage of float is 4.94%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Do Investors Really Feel About Freeport-McMoRan?

As Wall Street looks ahead to the July 4 holiday weekend, a wave of optimism ripples through the trading floor, with seasoned investors poised to capitalize <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/07/46236448/exclusive-2025s-first-half-most-searched-tickers-on-benzinga-pro-where-do-nvidia-tesla-apple-stock-rank">on emerging opportunities.</a>
<h2 class="wp-block-heading">Breaking Out: Freeport-McMoRan</h2>
On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/07/02/final-trades-amgen-caterpillar-honeywell-and-freeport-mcmoran.html">Halftime Report Final Trades</a>,&#8221; Bryn Talkington, managing partner of Requisite Capital Management, said Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) had resistance at $43 to $45 since 2021 and looks like it's <a href="https://www.benzinga.com/quote/FCX">breaking out above that</a>.
Supporting her view, Scotiabank analyst Orest Wowkodaw, on June 16, upgraded Freeport-McMoRan from Sector Perform to Sector Outperform and raised the price target from $43 to $48.
<h2 class="wp-block-heading">Unlocking Value: Honeywell</h2>
Kevin Simpson, founder and CIO of Capital Wealth Planning, selected Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), stating that the breakup value will unlock shareholder value.
On the earnings front, Honeywell will release its second-quarter financial results before the opening bell on Thursday, July 24.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h2 class="wp-block-heading">Sales Surge: Caterpillar&#8217;s Strategy</h2>
Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, said Caterpillar Inc's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) engagement with its customers is going to increase sales.
Lending support to his choice, Citigroup analyst Kyle Menges, on June 24, maintained Caterpillar with a Buy and raised the price target from $370 to $420
Joseph M. Terranova, Senior Managing Director for Virtus Investment Partners, named Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>) as his final trade.
Amgen released data from the Phase 3 FORTITUDE-101 trial on June 30, detailing the first-line combination of bemarituzumab plus chemotherapy (mFOLFOX6). The study met its primary endpoint of overall survival (OS) at a pre-specified interim analysis.
Price Action:
<ul class="wp-block-list">
<li>FCX shares rose 3.9% to close at $45.77 on Wednesday.</li>
<li>Honeywell rose 0.2% to settle at $239.26 during the session.</li>
<li>Caterpillar shares gained 1.9% to settle at $398.43 on Wednesday.</li>
<li>Amgen shares rose 2.2% to close at $296.85 on Wednesday.</li>
</ul>
Check This Out: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46218519/jim-cramer-gives-utilities-stock-a-week-says-doge-not-done-clobbering-booz-allen">Jim Cramer Gives Utilities Stock &#8216;A Week,&#8217; Says DOGE &#8216;Not Done Clobbering&#8217; Booz Allen</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Media

AMGN

Honeywell, Caterpillar, Freeport-McMoRan And A Health Care Stock On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Honeywell International, Caterpillar, Freeport-McMoran, Amgen

AI-Powered Market Forecasting: A Game Changer for Critical Minerals?

Press Releases

Freeport Declares Quarterly Cash Dividends on Common Stock

Freeport Provides First-Quarter 2025 Operational Update

Small Cap

Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties

Freeport First-Quarter 2025 Financial and Operating Results Release Available on Its Website

Finlay Minerals Receives TSX Venture Exchange Approval for PIL Earn-In Agreement

Opinion

Wall Street Targets Breakout Gold Producers as Bull Market Accelerates

From Exploration to Execution: New Gold Player Emerges in One of Canada's Premier Mining Districts

Copper Prices Jump 13% As Trump Threatens 50% Tariff On U.S. Imports

CSE:ESAU

CSE:LFLR

ESAUF

FYMNF

HUSIF

LFLRF

RGLD

TSX:ABX

TSXV:FYL

TSXV:NIM

Alcoa

Anglogold Ashanti

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares)

BHP Group

Compania De Minas

Coeur Mining

Cleveland-Cliffs

Commercial Metals

Carpenter Technology Corporation Common Stock

Carpenter Tech

Gold Fields Limited American Depositary Shares

Gold Fields

Gerdau

Warrior Met Coal

Hecla Mining

Harmony Gold Mining Co

MP Materials

ArcelorMittal

Newmont

Nucor

POSCO HOLDINGS INC. American Depositary Shares (Each representing 1/4th of a share of Common Stock)

POSCO Holdings

Royal Gold

Reliance

Sibanye Stillwater

Southern Copper

Steel Dynamics

Ternium S.A. Ternium S.A. American Depositary Shares (each representing ten shares, USD1.00 par value)

Ternium

VALE S.A. American Depositary Shares Each Representing one common share

Vale

Scotiabank

Stifel

JP Morgan

Citigroup

WCUFF

Copper Is Having a Resurgence Thanks To Renewable Energy And EV Push, And World Copper Is Positioning Itself To Benefit

Comments

Freeport-McMoRan

Unusual Options Activity for

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
10:40 AMJul 11, 2025	CALL	$49.00	Aug 15, 2025	32	10070	9000	360	2799	TRADE	NEUTRAL
03:50 PMJul 08, 2025	CALL	$40.00	Aug 15, 2025	32	5552	1000	46	12132	SWEEP	NEUTRAL
01:11 PMJul 08, 2025	CALL	$40.00	Aug 15, 2025	32	12	2000	0	12132	TRADE	BULLISH
12:56 PMJul 08, 2025	CALL	$40.00	Sep 19, 2025	67	47	1067	1	8170	SWEEP	BULLISH