Freeport-McMoRan Inc. $FCX Shares Sold by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc lowered its position in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 32.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 162,529 shares of the natural resource company’s stock after selling 78,012 shares during the period. K.J. Harrison & Partners Inc’s holdings in Freeport-McMoRan were worth $6,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Freeport-McMoRan by 24.2% in the fourth quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company’s stock valued at $564,000 after purchasing an additional 2,882 shares during the period. Bison Wealth LLC increased its position in shares of Freeport-McMoRan by 5.6% during the 4th quarter. Bison Wealth LLC now owns 9,616 shares of the natural resource company’s stock worth $366,000 after purchasing an additional 507 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Freeport-McMoRan in the 2nd quarter valued at about $560,000. AlphaQuest LLC lifted its position in Freeport-McMoRan by 4,825.6% in the second quarter. AlphaQuest LLC now owns 6,354 shares of the natural resource company’s stock valued at $275,000 after buying an additional 6,225 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Freeport-McMoRan by 5.3% in the second quarter. Envestnet Asset Management Inc. now owns 1,547,779 shares of the natural resource company’s stock valued at $67,096,000 after buying an additional 78,018 shares during the last quarter. 80.77% of the stock is currently owned by institutional investors and hedge funds.

Freeport-McMoRan Stock Up 1.4%

Freeport-McMoRan stock opened at $68.84 on Thursday. The firm has a market capitalization of $98.94 billion, a P/E ratio of 45.59, a P/E/G ratio of 0.74 and a beta of 1.47. The company has a current ratio of 2.29, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. Freeport-McMoRan Inc. has a twelve month low of $27.66 and a twelve month high of $69.75. The stock’s fifty day simple moving average is $58.76 and its 200-day simple moving average is $48.19.

Freeport-McMoRan (NYSE:FCX) last released its earnings results on Thursday, January 22nd. The natural resource company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.28 by $0.19. The firm had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.Freeport-McMoRan’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 EPS. As a group, equities analysts expect that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, January 15th. Freeport-McMoRan’s payout ratio is 19.87%.

Insider Buying and Selling

In related news, CAO Stephen T. Higgins sold 29,654 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $63.00, for a total transaction of $1,868,202.00. Following the completion of the transaction, the chief accounting officer owned 76,445 shares in the company, valued at approximately $4,816,035. The trade was a 27.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Richard C. Adkerson sold 152,960 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $64.65, for a total value of $9,888,864.00. Following the completion of the sale, the chairman owned 3,356,159 shares in the company, valued at approximately $216,975,679.35. This represents a 4.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 603,140 shares of company stock worth $37,660,139. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley set a $70.00 price target on shares of Freeport-McMoRan in a research note on Tuesday, January 27th. Jefferies Financial Group lifted their target price on shares of Freeport-McMoRan from $68.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Clarkson Capital raised Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Wednesday, November 19th. Stifel Nicolaus upped their price target on Freeport-McMoRan from $52.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Scotiabank lifted their price objective on Freeport-McMoRan from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.73.

Key Freeport-McMoRan News

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

• Positive Sentiment: Grasberg extension materially reduces long‑term operational risk by locking in life‑of‑resource rights and clarifying ownership/governance, supporting FCX’s reserve base and cash‑flow visibility. Read More.
• Positive Sentiment: Catalyst: analysts and market commentary are upgrading FCX (several buy/strong‑buy actions and price‑target raises), which can accelerate inflows from institutional and momentum investors. Read More.
• Positive Sentiment: Commodity tailwind — copper and other base metals rallied as Chinese trading activity returned, improving revenue prospects for copper producers like Freeport. Read More.
• Positive Sentiment: Momentum: FCX has posted a multi‑day winning streak and notable market‑cap gains in recent sessions, a technical factor likely attracting short‑term buyers. Read More.
• Neutral Sentiment: Company presentations and conference transcripts (BMO metals/minerals) provide operational detail; useful for longer‑term fundamental assessment but not an immediate catalyst on their own. Read More.
• Neutral Sentiment: Comparative analyst pieces weigh FCX versus peers (e.g., SCCO), highlighting both exposure to copper price swings and differing project profiles — context for portfolio positioning rather than an immediate driver. Read More.
• Neutral Sentiment: Increased attention from retail/news platforms (Zacks/Yahoo) is raising visibility; that can amplify flows but is not a direct fundamental change. Read More.
• Negative Sentiment: Insider sale: CAO Stephen Higgins sold ~29,654 shares at about $63 each (SEC filing). While not unusual, large insider trims after a rally can spook some investors. Read More.
• Negative Sentiment: Media/roundups have highlighted insider selling across several names including FCX, which may create short‑term psychological pressure despite strong fundamentals. Read More.

About Freeport-McMoRan

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.