Swedbank AB Decreases Stock Holdings in Freeport-McMoRan Inc. $FCX

Swedbank AB lowered its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 42.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 977,337 shares of the natural resource company’s stock after selling 730,599 shares during the period. Swedbank AB’s holdings in Freeport-McMoRan were worth $49,639,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FCX. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Freeport-McMoRan in the third quarter valued at about $25,000. JPL Wealth Management LLC acquired a new position in shares of Freeport-McMoRan in the third quarter valued at approximately $33,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Freeport-McMoRan in the third quarter valued at approximately $36,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Freeport-McMoRan in the fourth quarter valued at approximately $38,000. Finally, Grey Fox Wealth Advisors LLC acquired a new position in shares of Freeport-McMoRan in the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan Stock Performance

Shares of FCX stock opened at $60.59 on Friday. Freeport-McMoRan Inc. has a one year low of $35.15 and a one year high of $70.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 2.39. The company has a 50 day moving average price of $61.79 and a 200 day moving average price of $54.79. The firm has a market capitalization of $87.08 billion, a price-to-earnings ratio of 32.23, a price-to-earnings-growth ratio of 0.75 and a beta of 1.32.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings results on Thursday, April 23rd. The natural resource company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.47 by $0.10. Freeport-McMoRan had a net margin of 10.34% and a return on equity of 9.88%. The firm had revenue of $6.23 billion during the quarter, compared to analyst estimates of $5.73 billion. During the same quarter in the prior year, the business posted $0.24 earnings per share. Freeport-McMoRan’s revenue for the quarter was up 8.8% compared to the same quarter last year. Sell-side analysts anticipate that Freeport-McMoRan Inc. will post 2.52 EPS for the current year.

Freeport-McMoRan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Wednesday, April 15th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $0.30 annualized dividend and a yield of 0.5%. Freeport-McMoRan’s dividend payout ratio is 15.96%.

Insider Activity

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $62.03, for a total transaction of $682,330.00. Following the completion of the sale, the chief accounting officer directly owned 40,773 shares in the company, valued at $2,529,149.19. The trade was a 21.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Richard C. Adkerson sold 248,031 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $62.80, for a total transaction of $15,576,346.80. Following the sale, the chairman owned 3,509,119 shares of the company’s stock, valued at approximately $220,372,673.20. This represents a 6.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 565,145 shares of company stock valued at $35,839,918 in the last ninety days. 0.75% of the stock is owned by company insiders.

Key Headlines Impacting Freeport-McMoRan

Here are the key news stories impacting Freeport-McMoRan this week:

• Positive Sentiment: Zacks Research raised estimates across many periods (Q2–Q4 2026, Q1–Q4 2027, FY2026–FY2028), including a notable lift to FY2027 ($3.65) and FY2028 ($3.82), signaling analysts expect stronger earnings growth ahead. Read More.
• Neutral Sentiment: Analysis pieces highlight copper’s central role to Freeport’s outlook (EVs, data centers, renewables) and examine operational drivers (including Grasberg) that can swing results; useful context but not a new catalyst by itself. Read More.
• Neutral Sentiment: Coverage discussing a “shock” tied to Freeport and the Russell 1000’s copper focus may draw attention to index/flow dynamics; could affect trading interest but is not a direct company fundamental change. Read More.
• Neutral Sentiment: Press about other miners (e.g., Max Resource OTCQB listing) is industry noise with minimal direct impact on Freeport’s fundamentals. Read More.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FCX shares. Citigroup cut their price objective on shares of Freeport-McMoRan from $67.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Morgan Stanley reissued an “equal weight” rating and issued a $66.00 price objective (down from $70.00) on shares of Freeport-McMoRan in a research report on Friday, April 24th. Scotiabank cut their price objective on shares of Freeport-McMoRan from $71.00 to $67.00 and set a “sector perform” rating for the company in a research report on Friday, April 24th. Sanford C. Bernstein dropped their price target on shares of Freeport-McMoRan from $54.00 to $53.50 and set a “market perform” rating for the company in a research report on Friday, April 24th. Finally, BNP Paribas Exane dropped their price target on shares of Freeport-McMoRan from $75.00 to $71.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Freeport-McMoRan presently has an average rating of “Moderate Buy” and a consensus target price of $65.14.

Freeport-McMoRan Profile

Freeport-McMoRan Inc is a U.S.-based natural resources company primarily engaged in the exploration, mining and processing of copper, gold and molybdenum. Its operations encompass large-scale open-pit and underground mining as well as associated concentrator and milling facilities. The company produces copper in the form of concentrates and cathodes, and also recovers gold and molybdenum as co-products; its business model includes exploration, development, mining, beneficiation and the sale of bulk commodities to smelters and industrial customers.

Freeport-McMoRan conducts operations and development activities across multiple geographies, with substantial assets in the Americas and Indonesia.