Freeport-McMoRan Inc. $FCX Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Freeport-McMoRan Inc. (NYSE:FCX) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 635,973 shares of the natural resource company’s stock after buying an additional 13,128 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Freeport-McMoRan were worth $24,943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of FCX. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Freeport-McMoRan by 89.4% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,569,169 shares of the natural resource company’s stock valued at $761,623,000 after purchasing an additional 8,292,873 shares during the period. Mizuho Markets Cayman LP acquired a new position in shares of Freeport-McMoRan in the 2nd quarter valued at $159,147,000. Crake Asset Management LLP grew its stake in shares of Freeport-McMoRan by 60.6% during the 2nd quarter. Crake Asset Management LLP now owns 9,522,673 shares of the natural resource company’s stock valued at $412,808,000 after buying an additional 3,593,050 shares during the period. Voya Investment Management LLC increased its holdings in shares of Freeport-McMoRan by 289.0% during the 3rd quarter. Voya Investment Management LLC now owns 3,844,504 shares of the natural resource company’s stock worth $150,781,000 after buying an additional 2,856,302 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Freeport-McMoRan by 205.0% during the 2nd quarter. AQR Capital Management LLC now owns 4,186,621 shares of the natural resource company’s stock worth $181,490,000 after buying an additional 2,813,845 shares during the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

Key Freeport-McMoRan News

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

• Positive Sentiment: Scotiabank raised its price target to $70 (from $63) and kept an “outperform” rating, signaling institutional conviction for further upside. Scotiabank raises PT to $70
• Positive Sentiment: CICC Research raised its target to $64.40 (from $50.40) and maintained an “outperform” rating, adding incremental analyst support to the rally. CICC raises PT to $64.40
• Positive Sentiment: JPMorgan reiterated an Overweight/Overweight-equivalent stance, keeping a large sell‑side name in the bullish camp—supportive for fund flows and relative sentiment. JPMorgan maintains Overweight
• Positive Sentiment: FCX reported better‑than‑expected Q4 results (adjusted EPS $0.47 vs. $0.28 consensus; revenue beat), which is the immediate fundamental catalyst underpinning the move. Trading up after earnings beat
• Neutral Sentiment: Benzinga’s options‑market analysis shows increased options activity around FCX, indicating traders are positioning for continued movement; heightened options flow can amplify short‑term momentum but also implies elevated volatility. Options market analysis
• Neutral Sentiment: MarketBeat’s deep dive notes the stock has rebounded strongly (roughly a 70% recovery since the Sept. selloff) and that Grasberg’s staged reopening and 2026 production guidance underpin longer‑term upside; however, much of that improvement is already priced in, so forward returns depend heavily on metals prices.
• Negative Sentiment: Key risk: copper and gold price direction. Analysts diverge on near‑term copper forecasts and FCX’s cash flow is highly sensitive to small copper moves (company comment: ~$335M operating cash‑flow swing per $0.10/lb). If metals soften, FCX’s strong rally could reverse. (MarketBeat and industry reports cited differing copper outlooks.)

Analyst Ratings Changes

A number of research analysts recently weighed in on FCX shares. BNP Paribas Exane reduced their target price on Freeport-McMoRan from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Friday, December 5th. Hsbc Global Res raised Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. BMO Capital Markets increased their target price on shares of Freeport-McMoRan from $55.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Jefferies Financial Group restated a “buy” rating and issued a $68.00 price target on shares of Freeport-McMoRan in a report on Monday, January 5th. Finally, UBS Group boosted their price objective on shares of Freeport-McMoRan from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $57.59.

Insider Transactions at Freeport-McMoRan

In related news, CAO Stephen T. Higgins sold 28,423 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $47.99, for a total value of $1,364,019.77. Following the transaction, the chief accounting officer owned 105,294 shares in the company, valued at approximately $5,053,059.06. The trade was a 21.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Ellie L. Mikes sold 9,572 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $47.66, for a total value of $456,201.52. Following the sale, the chief accounting officer owned 38,761 shares of the company’s stock, valued at approximately $1,847,349.26. This trade represents a 19.80% decrease in their position. The SEC filing for this sale provides additional information. 0.79% of the stock is currently owned by insiders.

Freeport-McMoRan Stock Performance

Shares of NYSE:FCX opened at $61.21 on Tuesday. The business’s 50-day simple moving average is $50.22 and its 200 day simple moving average is $45.10. The company has a market cap of $87.89 billion, a P/E ratio of 40.54, a PEG ratio of 0.71 and a beta of 1.45. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 2.29. Freeport-McMoRan Inc. has a one year low of $27.66 and a one year high of $63.58.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings data on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.19. Freeport-McMoRan had a net margin of 8.50% and a return on equity of 8.50%. The company had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter last year, the company earned $0.31 earnings per share. Freeport-McMoRan’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, sell-side analysts forecast that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be paid a dividend of $0.075 per share. The ex-dividend date is Thursday, January 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 19.87%.

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.