Freeport-McMoRan Inc. $FCX Stock Position Increased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its position in Freeport-McMoRan Inc. (NYSE:FCX) by 97.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 206,276 shares of the natural resource company’s stock after purchasing an additional 101,893 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Freeport-McMoRan were worth $8,090,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Portside Wealth Group LLC boosted its position in Freeport-McMoRan by 0.8% during the 2nd quarter. Portside Wealth Group LLC now owns 30,333 shares of the natural resource company’s stock worth $1,315,000 after acquiring an additional 245 shares during the period. Hollencrest Capital Management lifted its holdings in Freeport-McMoRan by 0.6% in the second quarter. Hollencrest Capital Management now owns 45,133 shares of the natural resource company’s stock worth $1,957,000 after purchasing an additional 250 shares during the period. Benjamin Edwards Inc. lifted its holdings in Freeport-McMoRan by 0.6% in the third quarter. Benjamin Edwards Inc. now owns 45,095 shares of the natural resource company’s stock worth $1,769,000 after purchasing an additional 250 shares during the period. Waterloo Capital L.P. grew its position in Freeport-McMoRan by 3.9% in the 2nd quarter. Waterloo Capital L.P. now owns 6,658 shares of the natural resource company’s stock valued at $289,000 after buying an additional 251 shares in the last quarter. Finally, Transcend Capital Advisors LLC increased its stake in Freeport-McMoRan by 3.1% during the 3rd quarter. Transcend Capital Advisors LLC now owns 8,491 shares of the natural resource company’s stock valued at $333,000 after buying an additional 257 shares during the period. Institutional investors and hedge funds own 80.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FCX shares. Wells Fargo & Company upped their price target on shares of Freeport-McMoRan from $55.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. CICC Research boosted their target price on Freeport-McMoRan from $50.40 to $64.40 and gave the stock an “outperform” rating in a report on Monday, January 26th. Sanford C. Bernstein downgraded Freeport-McMoRan from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $53.50 to $54.00 in a research report on Friday, January 23rd. JPMorgan Chase & Co. lifted their price target on Freeport-McMoRan from $58.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. Finally, UBS Group boosted their price objective on Freeport-McMoRan from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $58.40.

Insider Activity

In related news, 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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Stephen T. Higgins sold 28,423 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $47.99, for a total transaction of $1,364,019.77. Following the sale, the chief accounting officer directly owned 105,294 shares in the company, valued at approximately $5,053,059.06. This trade represents a 21.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.75% of the company’s stock.

Freeport-McMoRan Price Performance

Shares of NYSE:FCX opened at $59.29 on Friday. The company has a market capitalization of $85.14 billion, a PE ratio of 39.27, a price-to-earnings-growth ratio of 0.72 and a beta of 1.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 2.29. The stock has a fifty day moving average of $53.65 and a 200-day moving average of $46.06. Freeport-McMoRan Inc. has a one year low of $27.66 and a one year high of $69.44.

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

Freeport-McMoRan Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Freeport-McMoRan’s dividend payout ratio is currently 19.87%.

Key Freeport-McMoRan News

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

• Positive Sentiment: Zacks Research raised earnings estimates across multiple quarters and for FY2028, lifting Q1–Q3 and Q1–Q2 ’27 EPS forecasts (e.g., Q1 2027 to $0.63, Q2 2027 to $0.78) — a fundamental upgrade that supports higher future earnings expectations. Read More.
• Positive Sentiment: An analyst price target was increased about 10.45% (to $62.23), signaling some sell-side confidence in near-term upside. Read More.
• Positive Sentiment: News coverage highlights Freeport benefiting from record copper prices and a focus on disciplined growth — a supportive commodity backdrop for revenues and cash flow. Read More.
• Neutral Sentiment: Valuation articles are reviewing FCX after the rally — these pieces raise awareness of higher multiples and make the stock’s risk/reward more debated among investors. That increases sensitivity to any near-term earnings or copper-price swings. Read More.
• Negative Sentiment: Analyst/commentary pieces urging caution (e.g., “waiting for a better entry point”) reflect a portion of the market taking profits or avoiding exposure at current levels, which can pressure the share price despite positive fundamentals. Read More.

Freeport-McMoRan Company 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.