VestGen Advisors LLC Acquires 22,029 Shares of Freeport-McMoRan Inc. $FCX

VestGen Advisors LLC increased its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 63.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,016 shares of the natural resource company’s stock after purchasing an additional 22,029 shares during the period. VestGen Advisors LLC’s holdings in Freeport-McMoRan were worth $3,991,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its stake in shares of Freeport-McMoRan by 3.6% in the second quarter. State Street Corp now owns 66,485,424 shares of the natural resource company’s stock valued at $4,181,268,000 after buying an additional 2,300,416 shares during the period. Bank of America Corp DE lifted its position in shares of Freeport-McMoRan by 20.0% in the first quarter. Bank of America Corp DE now owns 42,345,502 shares of the natural resource company’s stock valued at $2,489,069,000 after acquiring an additional 7,044,775 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Freeport-McMoRan by 13.8% during the second quarter. Wellington Management Group LLP now owns 14,918,066 shares of the natural resource company’s stock worth $938,197,000 after buying an additional 1,810,698 shares during the period. Amundi lifted its stake in shares of Freeport-McMoRan by 10.5% during the 2nd quarter. Amundi now owns 11,819,898 shares of the natural resource company’s stock worth $743,353,000 after purchasing an additional 1,125,982 shares during the last quarter. Finally, Jupiter Topco LLC purchased a new stake in Freeport-McMoRan during the 2nd quarter worth approximately $739,890,000. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan News Roundup

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

• Positive Sentiment: Freeport-McMoRan reported third-quarter revenue of approximately $7.55 billion and net income of $1.2 billion, up from $674 million a year earlier. Earnings exceeded analyst expectations, supported by stronger copper economics and improved margins. Freeport-McMoRan Q3 2026 Earnings
• Positive Sentiment: The company continues to advance its Grasberg recovery in Indonesia. Management highlighted rising production potential, leaching technology and expansion plans, with copper sales targeted at more than 4 billion pounds by 2028. This could provide significant future volume growth. FCX Q3 Earnings Call Highlights
• Positive Sentiment: Analyst support remains favorable: Wells Fargo reiterated an “overweight” or buy view, while UBS maintained its buy rating despite reducing its price target to $85 from $88. Goldman Sachs also raised its target to $83, and JPMorgan kept an overweight rating with a $90 target. Wells Fargo Buy Rating
• Neutral Sentiment: Freeport-McMoRan is considering increasing molybdenum production at its Colorado mine, which could diversify revenue, although no firm expansion decision was announced. Molybdenum Supply Plans
• Negative Sentiment: Freeport trimmed its copper-sales outlook as Grasberg recovery progresses, signaling that the operational rebound may take longer than investors expected. A post-earnings analysis also argued that FCX’s valuation already reflects much of the Grasberg improvement, increasing downside risk if execution disappoints. Freeport Trims Copper Sales Outlook
• Negative Sentiment: UBS, Wells Fargo and JPMorgan all lowered their price targets, even while retaining positive ratings. Higher interest rates and a stronger dollar could also pressure copper prices, mining valuations and FCX’s relatively elevated earnings multiple. UBS Adjusts FCX Price Target

Analysts Set New Price Targets

FCX has been the topic of several research reports. UBS Group dropped their price objective on Freeport-McMoRan from $88.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday. Freedom Broker downgraded shares of Freeport-McMoRan from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. Scotiabank decreased their target price on Freeport-McMoRan from $80.00 to $78.00 and set a “sector outperform” rating for the company in a research report on Wednesday. Wall Street Zen lowered shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Citigroup increased their price objective on shares of Freeport-McMoRan from $66.00 to $84.00 and gave the company a “buy” rating in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Freeport-McMoRan presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.67.

Insiders Place Their Bets

In related news, CAO Ellie L. Mikes sold 4,773 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $70.00, for a total transaction of $334,110.00. Following the completion of the transaction, the chief accounting officer directly owned 36,000 shares in the company, valued at $2,520,000. This trade represents a 11.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lydia H. Kennard sold 3,798 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $79.11, for a total value of $300,459.78. Following the completion of the sale, the director directly owned 122,702 shares in the company, valued at $9,706,955.22. This trade represents a 3.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 102,848 shares of company stock worth $7,911,621 over the last ninety days. Insiders own 0.73% of the company’s stock.

Freeport-McMoRan Price Performance

Shares of NYSE FCX opened at $66.16 on Friday. The business’s 50 day moving average is $71.77 and its 200-day moving average is $65.22. The firm has a market cap of $95.01 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 0.59 and a beta of 1.39. Freeport-McMoRan Inc. has a 1-year low of $38.54 and a 1-year high of $80.24. The company has a current ratio of 2.02, a quick ratio of 0.92 and a debt-to-equity ratio of 0.23.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings data on Tuesday, October 27th. The natural resource company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.06. Freeport-McMoRan had a return on equity of 12.09% and a net margin of 13.03%. The business had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.36 billion. During the same period last year, the firm posted $0.50 earnings per share. Freeport-McMoRan’s revenue was up 8.2% compared to the same quarter last year. Equities research analysts predict that Freeport-McMoRan Inc. will post 3.06 earnings per share for the current year.

Freeport-McMoRan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 15th. Freeport-McMoRan’s dividend payout ratio is 14.78%.

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc (NYSE: FCX) is a global mining company primarily engaged in the exploration, development, and production of copper. Copper is used extensively in electrical wiring, construction, transportation, renewable energy systems, and other industrial applications. The company also produces gold and molybdenum, a metal used in steelmaking and other industrial processes, as well as certain other byproducts.

Freeport-McMoRan operates a portfolio of mining and processing assets in North America, South America, and Indonesia.