Nvwm LLC Buys 11,333 Shares of Freeport-McMoRan Inc. $FCX

Nvwm LLC lifted its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 68.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 27,800 shares of the natural resource company’s stock after acquiring an additional 11,333 shares during the period. Nvwm LLC’s holdings in Freeport-McMoRan were worth $1,946,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FCX. NBH Bank purchased a new stake in Freeport-McMoRan in the second quarter valued at approximately $28,000. Steph & Co. increased its position in Freeport-McMoRan by 43.7% during the first quarter. Steph & Co. now owns 493 shares of the natural resource company’s stock worth $29,000 after purchasing an additional 150 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in Freeport-McMoRan during the first quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL purchased a new position in Freeport-McMoRan during the fourth quarter worth approximately $25,000. Finally, Financial Life Planners purchased a new position in Freeport-McMoRan during the first quarter worth approximately $34,000. 80.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Douglas Currault, II sold 80,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $78.56, for a total transaction of $6,284,800.00. Following the sale, the executive vice president directly owned 211,016 shares in the company, valued at approximately $16,577,416.96. This trade represents a 27.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Ellie Mikes sold 4,773 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $70.00, for a total value of $334,110.00. Following the transaction, the chief accounting officer directly owned 36,000 shares in the company, valued at $2,520,000. This trade represents a 11.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 110,398 shares of company stock valued at $8,387,271. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

FCX has been the topic of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of Freeport-McMoRan from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, September 29th. BNP Paribas Exane upped their price objective on Freeport-McMoRan from $71.00 to $82.00 and gave the stock an “outperform” rating in a report on Thursday, June 18th. Morgan Stanley increased their target price on Freeport-McMoRan from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 7th. Citigroup lifted their target price on Freeport-McMoRan from $66.00 to $84.00 and gave the company a “buy” rating in a report on Monday, October 5th. Finally, Weiss Ratings raised Freeport-McMoRan from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $76.22.

Freeport-McMoRan Stock Down 3.8%

FCX opened at $69.65 on Thursday. Freeport-McMoRan Inc. has a 1 year low of $38.54 and a 1 year high of $80.24. The firm has a 50 day moving average price of $72.09 and a 200 day moving average price of $66.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 2.07. The company has a market cap of $100.01 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 0.68 and a beta of 1.39.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Thursday, July 23rd. The natural resource company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. Freeport-McMoRan had a net margin of 11.39% and a return on equity of 10.63%. The business had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter last year, the firm posted $0.54 EPS. The business’s revenue for the quarter was down 7.3% compared to the same quarter last year. Sell-side analysts expect that Freeport-McMoRan Inc. will post 2.90 earnings per share for the current year.

Freeport-McMoRan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a $0.0750 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Freeport-McMoRan’s dividend payout ratio (DPR) is 14.78%.

More Freeport-McMoRan News

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

• Positive Sentiment: Higher earnings forecasts: Scotiabank raised its FY2026 EPS estimate to $3.35 from $3.06 and its FY2027 estimate to $2.86 from $2.62. Erste Group also increased its FY2026 forecast to $3.10 from $3.05 and its FY2027 estimate to $4.32 from $4.00. Erste maintained a “Buy” rating. These revisions suggest analysts see improving earnings potential, likely tied to copper-market conditions and operating expectations. Analyst earnings estimate updates
• Positive Sentiment: Potentially tighter copper supply: Coverage of a halt at Freeport’s Grasberg operation is examining whether reduced supply could tighten the copper market and support prices, which would benefit Freeport’s realized pricing and cash flow if sustained. Grasberg halt and copper supply article
• Neutral Sentiment: Dividend remains unchanged: Freeport is scheduled to pay a quarterly dividend of $0.07 on November 2. The payment provides modest shareholder income but is unlikely to be a major near-term catalyst. Freeport quarterly dividend announcement
• Negative Sentiment: Momentum concerns: Market commentary characterizes FCX’s rally as tired and anticipates consolidation, increasing the likelihood of near-term profit-taking. A separate report noted the stock fell more sharply than the overall market, indicating additional company-specific or sector-related selling pressure. Freeport-McMoRan rally and consolidation analysis

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc (NYSE: FCX) is a leading international mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Copper is its principal product and is used in electrical systems, construction, transportation, renewable energy infrastructure and other industrial applications. The company also produces copper cathodes and concentrates, gold, molybdenum products and certain quantities of silver and other byproducts.

Freeport-McMoRan operates a portfolio of mining and processing assets in North America, South America and Indonesia.