Great Lakes Advisors LLC raised its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX – Free Report) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,551,258 shares of the natural resource company’s stock after buying an additional 115,285 shares during the quarter. Great Lakes Advisors LLC owned about 0.11% of Freeport-McMoRan worth $60,840,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Freeport-McMoRan by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 126,983,947 shares of the natural resource company’s stock worth $5,504,754,000 after purchasing an additional 1,941,662 shares during the last quarter. Fisher Asset Management LLC increased its stake in Freeport-McMoRan by 3.2% during the second quarter. Fisher Asset Management LLC now owns 62,358,715 shares of the natural resource company’s stock valued at $2,703,250,000 after acquiring an additional 1,926,493 shares during the period. State Street Corp raised its holdings in Freeport-McMoRan by 0.5% in the 2nd quarter. State Street Corp now owns 61,787,174 shares of the natural resource company’s stock valued at $2,678,474,000 after acquiring an additional 320,514 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Freeport-McMoRan by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 21,671,223 shares of the natural resource company’s stock worth $849,945,000 after purchasing an additional 435,963 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Freeport-McMoRan by 89.4% during 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. Institutional investors and hedge funds own 80.77% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Freeport-McMoRan from $55.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Dbs Bank decreased their price target on Freeport-McMoRan from $51.00 to $48.00 in a research note on Thursday, October 2nd. CICC Research boosted their target price on shares of Freeport-McMoRan from $50.40 to $64.40 and gave the company an “outperform” rating in a research note on Monday. Royal Bank Of Canada reduced their price target on shares of Freeport-McMoRan from $54.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 1st. Finally, BMO Capital Markets raised their price target on Freeport-McMoRan from $55.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, January 14th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $58.40.
Insider Activity
In other Freeport-McMoRan news, CAO Stephen T. Higgins sold 28,423 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $47.99, for a total transaction 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. This trade represents a 21.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Ellie L. Mikes sold 9,572 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer directly 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 ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.79% of the company’s stock.
Freeport-McMoRan Price Performance
Freeport-McMoRan stock opened at $63.67 on Thursday. The business’s 50-day simple moving average is $51.13 and its 200 day simple moving average is $45.34. The company has a quick ratio of 1.05, a current ratio of 2.29 and a debt-to-equity ratio of 0.29. The stock has a market cap of $91.42 billion, a price-to-earnings ratio of 42.17, a P/E/G ratio of 0.76 and a beta of 1.45. Freeport-McMoRan Inc. has a 12-month low of $27.66 and a 12-month high of $64.67.
Freeport-McMoRan (NYSE:FCX – Get Free Report) last released its earnings results on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.19. The company had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.42 billion. Freeport-McMoRan had a net margin of 8.50% and a return on equity of 8.50%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS. As a group, research analysts anticipate that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current year.
Freeport-McMoRan Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio is currently 19.87%.
Freeport-McMoRan News Summary
Here are the key news stories impacting Freeport-McMoRan this week:
- Positive Sentiment: Analyst upgrades from Scotiabank lifted the stock outlook and helped buying interest. Freeport-McMoRan (NYSE:FCX) Stock Price Expected to Rise, Scotiabank Analyst Says
- Positive Sentiment: CICC Research also raised its view, adding to the upgrade-driven momentum that traders are buying into. Freeport-McMoRan (NYSE:FCX) Stock Price Expected to Rise, CICC Research Analyst Says
- Positive Sentiment: Coverage of the upgrades pushed FCX to intraday strength and a fresh 52‑week high, reinforcing momentum trading flows. Freeport-McMoRan (NYSE:FCX) Hits New 52-Week High on Analyst Upgrade
- Positive Sentiment: Freeport’s Q4 results beat estimates (Q4 EPS $0.47 vs. $0.28 est.; revenue $5.63B), showing leverage to higher copper prices and supporting cash‑flow upside if prices hold. Freeport-McMoRan: What the Future Could Hold After a 70% Rebound
- Neutral Sentiment: Market narratives about a structural copper shortage (AI, electrification, shrinking supply) are enhancing sector interest and benefit pure‑play copper names like FCX; this is a macro tailwind rather than company‑specific news.
- Neutral Sentiment: Investor attention/flow: Zacks pieces highlight FCX as a momentum/trending stock, which can amplify short‑term moves but does not change fundamentals. Here’s Why Freeport-McMoRan (FCX) is a Strong Momentum Stock
- Negative Sentiment: Operational risk remains: the Grasberg mudslide reduced output in 2025 and limits near‑term volumes; production uncertainty can keep a premium on copper but also creates volatility for FCX results. Freeport-McMoRan: What the Future Could Hold After a 70% Rebound
- Negative Sentiment: Valuation and near‑term copper risk: some forecasters (e.g., Goldman/S&P‑cited views) expect pressure on copper near term and the consensus price target implies limited upside from current levels — meaning upside depends heavily on sustained commodity prices.
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.
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