New York State Common Retirement Fund Sells 370,200 Shares of Freeport-McMoRan Inc. $FCX

New York State Common Retirement Fund trimmed its position in Freeport-McMoRan Inc. (NYSE:FCX) by 18.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,615,622 shares of the natural resource company’s stock after selling 370,200 shares during the period. New York State Common Retirement Fund owned about 0.11% of Freeport-McMoRan worth $63,365,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Freeport-McMoRan during the third quarter valued at $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Freeport-McMoRan in the second quarter worth about $28,000. Salomon & Ludwin LLC raised its holdings in Freeport-McMoRan by 1,962.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock worth $29,000 after purchasing an additional 687 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Freeport-McMoRan during the 3rd quarter valued at about $36,000. Finally, Proffitt & Goodson Inc. lifted its position in Freeport-McMoRan by 39.8% during the 3rd quarter. Proffitt & Goodson Inc. now owns 977 shares of the natural resource company’s stock valued at $38,000 after purchasing an additional 278 shares during the period. 80.77% of the stock is owned by institutional investors and hedge funds.

More Freeport-McMoRan News

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

• Positive Sentiment: FCX reported a stronger-than-expected quarter (Q4 EPS $0.47 vs. $0.28 est.; revenue $5.63B), which reinforced earnings momentum and helped lift sentiment. Freeport Beats Profit Views As Grasberg Restart Plan Refocuses Investor Debate
• Positive Sentiment: Valuation bulls highlight a large upside: a recent analysis estimates intrinsic value substantially above the current share price, supporting buy-side narratives. Freeport-McMoRan Inc.’s (NYSE:FCX) Intrinsic Value Is Potentially 74% Above Its Share Price
• Positive Sentiment: Multiple analyst upgrades and bullish notes (Scotiabank, CICC and others) have lifted conviction and triggered buying interest from institutional investors. Freeport-McMoRan (NYSE:FCX) Trading 2.8% Higher on Analyst Upgrade
• Positive Sentiment: Unusual options activity: traders bought roughly 174,970 call contracts (≈+65% vs. typical call volume), indicating speculative or hedged bullish positioning that can amplify near-term moves.
• Positive Sentiment: Macro tailwind: copper is rallying on structural demand (electrification, AI data centers) and tightening supply — Freeport, a large pure‑play copper producer, stands to benefit from higher prices and margin leverage. Digging Into Demand: Copper’s Scarcity Premium Is Rising
• Positive Sentiment: Market action confirms momentum: FCX recently hit an all-time intraday high near $68.94, reflecting the combined impact of earnings, upgrades and copper strength. Freeport McMoRan stock hits all-time high at 68.94 USD
• Neutral Sentiment: Grasberg restart plan is back in focus; management commentary is shaping investor debate about timing and capital allocation, keeping forward guidance and production cadence somewhat uncertain. Freeport Beats Profit Views As Grasberg Restart Plan Refocuses Investor Debate
• Negative Sentiment: Operational risk remains: production at Grasberg was constrained after a late‑2025 mudslide — that reduces near-term output (supporting copper prices) but is a direct company-level risk to volumes and near-term free cash flow. Digging Into Demand: Copper’s Scarcity Premium Is Rising

Insider Activity at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 9,572 shares of Freeport-McMoRan 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 transaction, the chief accounting officer owned 38,761 shares of the company’s stock, valued at approximately $1,847,349.26. The trade was a 19.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Stephen T. Higgins sold 28,423 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer owned 105,294 shares of the company’s stock, valued at $5,053,059.06. This trade represents a 21.26% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FCX. Dbs Bank lowered their price target on shares of Freeport-McMoRan from $51.00 to $48.00 in a research report on Thursday, October 2nd. HSBC raised their price objective on shares of Freeport-McMoRan from $48.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. UBS Group upped their target price on shares of Freeport-McMoRan from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Wells Fargo & Company raised their price target on Freeport-McMoRan from $55.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Finally, Hsbc Global Res raised Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.40.

Freeport-McMoRan Stock Performance

Shares of Freeport-McMoRan stock opened at $65.08 on Friday. The stock’s fifty day simple moving average is $51.64 and its 200 day simple moving average is $45.48. The company has a current ratio of 2.29, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $93.45 billion, a PE ratio of 43.10, a PEG 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 $69.44.

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

Freeport-McMoRan Cuts Dividend

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

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.