PKO BP BANKOWY Universal Pension Society JSC Sells 87,129 Shares of Freeport-McMoRan Inc. $FCX

PKO BP BANKOWY Universal Pension Society JSC cut its position in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 16.5% in the third quarter, Holdings Channel reports. The institutional investor owned 440,626 shares of the natural resource company’s stock after selling 87,129 shares during the period. Freeport-McMoRan comprises 9.1% of PKO BP BANKOWY Universal Pension Society JSC’s portfolio, making the stock its 3rd biggest holding. PKO BP BANKOWY Universal Pension Society JSC’s holdings in Freeport-McMoRan were worth $30,844,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp raised its holdings in shares of Freeport-McMoRan by 34.5% in the first quarter. Fifth Third Bancorp now owns 1,062,916 shares of the natural resource company’s stock valued at $62,478,000 after purchasing an additional 272,726 shares during the last quarter. Iowa State Bank boosted its holdings in Freeport-McMoRan by 50.7% during the third quarter. Iowa State Bank now owns 50,144 shares of the natural resource company’s stock worth $3,510,000 after purchasing an additional 16,868 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Freeport-McMoRan by 1.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,970,872 shares of the natural resource company’s stock valued at $627,068,000 after purchasing an additional 141,738 shares in the last quarter. HighTower Advisors LLC grew its position in Freeport-McMoRan by 17.1% in the second quarter. HighTower Advisors LLC now owns 1,249,858 shares of the natural resource company’s stock valued at $78,604,000 after purchasing an additional 182,714 shares in the last quarter. Finally, Robinhood Asset Management LLC acquired a new stake in Freeport-McMoRan in the 2nd quarter valued at $16,746,000. Institutional investors and hedge funds own 80.77% of the company’s stock.

Wall Street Analysts Forecast Growth

FCX has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of Freeport-McMoRan from $70.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday. BMO Capital Markets lifted their target price on Freeport-McMoRan from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, September 29th. Wall Street Zen lowered Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. UBS Group increased their price target on Freeport-McMoRan from $77.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday. Finally, BNP Paribas Exane raised their price target on Freeport-McMoRan from $71.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, June 18th. One investment 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. According to data from MarketBeat.com, Freeport-McMoRan currently has an average rating of “Moderate Buy” and a consensus price target of $76.22.

Key Freeport-McMoRan News

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

• Positive Sentiment: JPMorgan Chase raised its price target for Freeport-McMoRan from $77 to $92 and maintained an “overweight” rating, implying substantial potential upside. The higher target supports the bullish case for FCX and is likely the most significant catalyst in the recent coverage. Freeport-McMoRan Stock Gets Price Target Bump from JPMorgan Chase & Co.
• Positive Sentiment: A Morgan Stanley analyst said Freeport-McMoRan’s stock is expected to rise, adding another favorable Wall Street view and reinforcing investor optimism around the copper and mining company. Freeport-McMoRan Stock Price Expected to Rise, Morgan Stanley Analyst Says
• Neutral Sentiment: FCX remains a closely watched stock among Zacks users, suggesting elevated investor interest. However, the report does not provide a new operating or valuation catalyst. Is Trending Stock Freeport-McMoRan Inc. (FCX) a Buy Now?
• Negative Sentiment: Zacks Research lowered EPS estimates across several periods, including Q3 2026 to $0.61 from $0.63, FY2026 to $2.50 from $2.52, FY2027 to $3.47 from $3.54, and FY2028 to $3.41 from $3.52. Estimates for multiple 2027 and 2028 quarters were also reduced, signaling somewhat softer expected earnings momentum. Freeport-McMoRan Suffers a Larger Drop Than the General Market: Key Insights
• Negative Sentiment: Freeport-McMoRan recently underperformed the broader market in a session that ended lower, highlighting short-term volatility despite the more constructive analyst price targets.

Insiders Place Their Bets

In related news, Director Lydia H. Kennard sold 3,798 shares of the 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 sale, the director owned 122,702 shares in the company, valued at approximately $9,706,955.22. This represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Ellie L. Mikes sold 4,773 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $70.00, for a total value of $334,110.00. Following the sale, the chief accounting officer directly owned 36,000 shares of the company’s stock, valued at $2,520,000. This represents a 11.71% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 110,398 shares of company stock valued at $8,387,271. Corporate insiders own 0.73% of the company’s stock.

Freeport-McMoRan Stock Performance

Shares of Freeport-McMoRan stock traded up $2.40 during trading on Friday, hitting $73.54. 3,627,516 shares of the stock were exchanged, compared to its average volume of 16,246,257. The stock has a market capitalization of $105.60 billion, a price-to-earnings ratio of 36.22, a price-to-earnings-growth ratio of 0.69 and a beta of 1.39. The company has a fifty day moving average price of $71.56 and a 200-day moving average price of $66.05. Freeport-McMoRan Inc. has a 1-year low of $38.54 and a 1-year high of $80.24. The company has a current ratio of 2.07, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.62 billion. During the same period last year, the business posted $0.54 EPS. Freeport-McMoRan’s revenue was down 7.3% on a year-over-year basis. As a group, equities analysts predict that Freeport-McMoRan Inc. will post 2.87 EPS for the current fiscal year.

Freeport-McMoRan Dividend Announcement

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 0.4%. The ex-dividend date of this dividend is Thursday, October 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is presently 14.78%.

Freeport-McMoRan 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.