9,944 Freeport-McMoRan Inc. $FCX Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. cut its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 52.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,897 shares of the natural resource company’s stock after selling 9,944 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Freeport-McMoRan were worth $623,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Iowa State Bank lifted its stake in shares of Freeport-McMoRan by 50.7% in the 3rd quarter. Iowa State Bank now owns 50,144 shares of the natural resource company’s stock worth $3,510,000 after purchasing an additional 16,868 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Freeport-McMoRan by 4.6% in the second quarter. The Manufacturers Life Insurance Company now owns 2,687,524 shares of the natural resource company’s stock worth $169,018,000 after buying an additional 117,888 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Freeport-McMoRan by 1.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,970,872 shares of the natural resource company’s stock worth $627,068,000 after buying an additional 141,738 shares during the last quarter. HighTower Advisors LLC grew its position in Freeport-McMoRan by 17.1% during the second quarter. HighTower Advisors LLC now owns 1,249,858 shares of the natural resource company’s stock valued at $78,604,000 after buying an additional 182,714 shares during the period. Finally, Groupe la Francaise grew its position in Freeport-McMoRan by 13.5% during the second quarter. Groupe la Francaise now owns 210,000 shares of the natural resource company’s stock valued at $13,218,000 after buying an additional 25,000 shares during the period. 80.77% of the stock is owned by institutional investors.

Freeport-McMoRan Stock Down 2.6%

FCX stock opened at $60.50 on Friday. Freeport-McMoRan Inc. has a twelve month low of $38.85 and a twelve month high of $80.24. The company has a quick ratio of 0.91, a current ratio of 2.02 and a debt-to-equity ratio of 0.23. The stock has a market cap of $86.88 billion, a P/E ratio of 25.42, a PEG ratio of 0.57 and a beta of 1.38. The business’s 50-day moving average price is $68.77 and its 200-day moving average price is $65.29.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings data on Tuesday, October 27th. The natural resource company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. The company had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.36 billion. Freeport-McMoRan had a return on equity of 12.09% and a net margin of 13.03%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 EPS. On average, equities research analysts forecast that Freeport-McMoRan Inc. will post 3.05 EPS for the current year.

Freeport-McMoRan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Thursday, October 15th were paid a dividend of $0.0750 per share. The ex-dividend date was Thursday, October 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Freeport-McMoRan’s payout ratio is 12.61%.

Insider Buying and Selling at Freeport-McMoRan

In other Freeport-McMoRan news, EVP Douglas N. Currault II sold 80,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $78.56, for a total transaction of $6,284,800.00. Following the sale, the executive vice president directly owned 211,016 shares of the company’s stock, valued at $16,577,416.96. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lydia H. Kennard sold 3,798 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $79.11, for a total value of $300,459.78. Following the sale, the director directly owned 122,702 shares in the company, valued at approximately $9,706,955.22. This represents a 3.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.73% of the company’s stock.

More Freeport-McMoRan News

Investors following FCX have been watching these news items:

• Positive Sentiment: Argus Research reaffirmed its Buy rating, maintaining a favorable view of Freeport-McMoRan. Argus Research Reaffirms Their Buy Rating on Freeport-McMoRan
• Positive Sentiment: Zacks Research raised several quarterly and annual EPS forecasts, including FY2027 to $3.90 from $3.47 and FY2028 to $4.14 from $3.41. The higher projections point to stronger expected earnings and may support investor sentiment; its FY2026 estimate is $3.14, versus a stated consensus of $3.03. Freeport-McMoRan analyst estimates
• Neutral Sentiment: A Motley Fool comparison says Freeport-McMoRan has performed well this year but considers a copper-miners ETF as an alternative way to invest in the sector. This highlights a diversification option rather than a company-specific change in outlook. Freeport-McMoRan vs. a Copper ETF

Analyst Upgrades and Downgrades

A number of brokerages have commented on FCX. Wells Fargo & Company reduced their target price on shares of Freeport-McMoRan from $87.00 to $79.00 and set an “overweight” rating for the company in a report on Wednesday, October 28th. BMO Capital Markets lifted their price target on shares of Freeport-McMoRan from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 29th. UBS Group dropped their price target on shares of Freeport-McMoRan from $88.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. The Goldman Sachs Group reissued a “buy” rating on shares of Freeport-McMoRan in a research report on Thursday, September 10th. Finally, Wall Street Zen lowered Freeport-McMoRan from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $75.30.

About Freeport-McMoRan

Freeport-McMoRan Inc. is a mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Its products serve industries including construction, manufacturing, electronics and energy. The company operates mines and related facilities in North America, South America and Indonesia. Its assets include the Grasberg minerals district in Indonesia and copper operations in the United States, Peru and Chile. Freeport-McMoRan traces its roots to Freeport Sulphur Company, founded in 1912, and has since developed into a major international mining business.