Freeport-McMoRan Inc. $FCX Stock Purchased by Americana Partners LLC

Americana Partners LLC grew its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 192.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,180 shares of the natural resource company’s stock after buying an additional 58,650 shares during the quarter. Americana Partners LLC’s holdings in Freeport-McMoRan were worth $6,243,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. NBH Bank purchased a new stake in Freeport-McMoRan during the 2nd quarter valued at about $28,000. Cassaday & Co Wealth Management LLC bought a new position in Freeport-McMoRan during the 1st quarter worth approximately $29,000. Roxbury Financial LLC grew its position in Freeport-McMoRan by 196.5% during the 2nd quarter. Roxbury Financial LLC now owns 593 shares of the natural resource company’s stock worth $37,000 after acquiring an additional 393 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Freeport-McMoRan during the 1st quarter worth approximately $39,000. Finally, Center for Financial Planning Inc. increased its stake in Freeport-McMoRan by 730.2% in the 3rd quarter. Center for Financial Planning Inc. now owns 714 shares of the natural resource company’s stock worth $50,000 after purchasing an additional 628 shares during the period. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan Stock Down 5.6%

NYSE FCX opened at $62.44 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 0.92. The stock has a market capitalization of $89.66 billion, a PE ratio of 26.24, a PEG ratio of 0.61 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 business’s 50-day moving average is $71.59 and its 200 day moving average is $65.24.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings results on Tuesday, October 27th. The natural resource company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. Freeport-McMoRan had a return on equity of 12.09% and a net margin of 13.03%. The company had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.36 billion. During the same quarter in the previous year, the business earned $0.50 EPS. Freeport-McMoRan’s revenue was up 8.2% compared to the same quarter last year. Sell-side analysts forecast that Freeport-McMoRan Inc. will post 3.04 earnings per share for the current year.

Freeport-McMoRan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be given a $0.0750 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 12.61%.

Insiders Place Their Bets

In related news, Director Lydia H. Kennard sold 3,798 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $79.11, for a total value of $300,459.78. Following the completion of the sale, the director owned 122,702 shares of the company’s stock, valued at $9,706,955.22. This trade represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Stephen T. Higgins sold 14,277 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $69.50, for a total value of $992,251.50. Following the completion of the sale, the chief accounting officer directly owned 54,618 shares of the company’s stock, valued at $3,795,951. The trade was a 20.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 102,848 shares of company stock valued at $7,911,621 over the last three months. 0.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FCX shares. Morgan Stanley boosted their price objective on Freeport-McMoRan from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 7th. Freedom Broker lowered Freeport-McMoRan from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Stifel Nicolaus raised their target price on shares of Freeport-McMoRan from $76.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Barclays lifted their target price on shares of Freeport-McMoRan from $83.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, October 19th. Finally, Royal Bank Of Canada lifted their target price on shares of Freeport-McMoRan from $73.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.67.

Freeport-McMoRan News Summary

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

• Positive Sentiment: Freeport-McMoRan’s third-quarter results exceeded expectations, with earnings per share of roughly $0.81–$0.88 on $7.55 billion in revenue, supported by stronger copper economics and year-over-year revenue growth. The company’s Grasberg recovery is also advancing, which could improve production and cash flow over time. Freeport-McMoRan Q3 2026 Earnings
• Positive Sentiment: Wells Fargo reportedly maintained a Buy view on FCX, while UBS retained its Buy rating despite reducing its price target to $85 from $88. The targets remain above the recent trading level, indicating analysts still see potential upside if copper prices and Grasberg operations remain favorable. Freeport-McMoRan Receives a Buy from Wells Fargo UBS Adjusts Freeport-McMoRan Price Target
• Neutral Sentiment: FCX was included among non-ferrous mining stocks worth watching despite a weak near-term industry outlook. The list highlights the company’s growth potential but also underscores the challenging backdrop for metal producers. 5 Non-Ferrous Metal Mining Stocks to Watch
• Negative Sentiment: Freeport reduced its copper-sales outlook even as Grasberg recovery progresses. That combination raises concerns about near-term production, shipment timing and the pace at which the mine will contribute to results. Freeport Trims Copper Sales Outlook
• Negative Sentiment: UBS and Wells Fargo lowered their expectations for FCX’s share price, adding pressure after the stock’s strong run. A separate analysis argued that the anticipated Grasberg recovery may already be reflected in the valuation, with a relatively high earnings multiple leaving less room for disappointment. UBS Forecast for Freeport-McMoRan Freeport-McMoRan Q3 Analysis

About Freeport-McMoRan

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.