TD Waterhouse Canada Inc. Has $14.22 Million Holdings in Freeport-McMoRan Inc. $FCX

TD Waterhouse Canada Inc. raised its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 15.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 363,402 shares of the natural resource company’s stock after buying an additional 49,430 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Freeport-McMoRan were worth $14,221,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Portside Wealth Group LLC boosted its stake in Freeport-McMoRan by 0.8% during the 2nd quarter. Portside Wealth Group LLC now owns 30,333 shares of the natural resource company’s stock worth $1,315,000 after acquiring an additional 245 shares during the last quarter. Hollencrest Capital Management raised its holdings in Freeport-McMoRan by 0.6% in the second quarter. Hollencrest Capital Management now owns 45,133 shares of the natural resource company’s stock worth $1,957,000 after purchasing an additional 250 shares during the period. Benjamin Edwards Inc. raised its holdings in Freeport-McMoRan by 0.6% in the third quarter. Benjamin Edwards Inc. now owns 45,095 shares of the natural resource company’s stock worth $1,769,000 after purchasing an additional 250 shares during the period. Waterloo Capital L.P. boosted its position in shares of Freeport-McMoRan by 3.9% during the second quarter. Waterloo Capital L.P. now owns 6,658 shares of the natural resource company’s stock worth $289,000 after purchasing an additional 251 shares in the last quarter. Finally, Strengthening Families & Communities LLC grew its holdings in shares of Freeport-McMoRan by 0.6% in the 2nd quarter. Strengthening Families & Communities LLC now owns 42,617 shares of the natural resource company’s stock valued at $1,822,000 after buying an additional 261 shares during the period. 80.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FCX. UBS Group lifted their target price on Freeport-McMoRan from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. HSBC raised their price target on Freeport-McMoRan from $48.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Raymond James Financial boosted their price objective on Freeport-McMoRan from $53.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, January 15th. Wells Fargo & Company raised their target price on shares of Freeport-McMoRan from $55.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Freeport-McMoRan from $58.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given 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 target price of $58.40.

Freeport-McMoRan Trading Up 2.3%

NYSE:FCX opened at $65.08 on Friday. The company has a market cap of $93.45 billion, a P/E ratio of 43.10, a price-to-earnings-growth ratio of 0.76 and a beta of 1.45. Freeport-McMoRan Inc. has a twelve month low of $27.66 and a twelve month high of $69.44. The business has a 50 day moving average price of $51.64 and a two-hundred day moving average price of $45.48. The company has a quick ratio of 1.05, a current ratio of 2.29 and a debt-to-equity ratio of 0.29.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings data on Thursday, January 22nd. The natural resource company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.19. Freeport-McMoRan had a net margin of 8.50% and a return on equity of 8.50%. The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, analysts expect that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders 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 dividend yield of 0.5%. The ex-dividend date is Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio is currently 19.87%.

Key Stories Impacting Freeport-McMoRan

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

In related news, CAO Ellie L. Mikes sold 9,572 shares of Freeport-McMoRan stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $47.66, for a total value of $456,201.52. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen T. Higgins sold 28,423 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $47.99, for a total value of $1,364,019.77. Following the sale, the chief accounting officer owned 105,294 shares in the company, valued at $5,053,059.06. The trade was a 21.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.75% of the stock is owned by company insiders.

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.