Titleist Asset Management LLC Lowers Stock Holdings in Freeport-McMoRan Inc. $FCX

Titleist Asset Management LLC lessened its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 58.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,366 shares of the natural resource company’s stock after selling 17,369 shares during the quarter. Titleist Asset Management LLC’s holdings in Freeport-McMoRan were worth $485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insiders Place Their Bets

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 transaction of $456,201.52. Following the completion of the sale, the chief accounting officer owned 38,761 shares in the company, valued at approximately $1,847,349.26. This trade represents a 19.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Stephen T. Higgins sold 28,423 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $5,053,059.06. This trade represents a 21.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.75% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on FCX. Sanford C. Bernstein downgraded Freeport-McMoRan from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $53.50 to $54.00 in a research note on Friday, January 23rd. Wells Fargo & Company boosted their target price on shares of Freeport-McMoRan from $55.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a $68.00 price target on shares of Freeport-McMoRan in a research note on Monday, January 5th. JPMorgan Chase & Co. raised their price objective 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. Finally, Citigroup boosted their price objective on shares of Freeport-McMoRan from $48.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $58.40.

Trending Headlines about Freeport-McMoRan

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

• Positive Sentiment: Zacks Research raised a series of near‑ and medium‑term earnings estimates for FCX (Q4/Q1–Q3 2026–2027 and FY2026–FY2028), lifting FY2027 and FY2028 EPS projections materially — a direct bullish earnings revision that supports higher future profits. Zacks Research Estimate Updates on FCX
• Positive Sentiment: An analyst price target was increased (reported coverage highlighting a ~10% upward move to $62.23), signaling more upside from some sell‑side desks. Freeport‑McMoRan (FCX) price target increased by 10.45% to 62.23
• Positive Sentiment: Business press points to record copper prices and continued demand, reinforcing Freeport’s revenue leverage to copper and the company’s “disciplined growth” messaging — a supportive commodity backdrop for earnings. Freeport‑McMoRan Rides Record Copper Prices With Disciplined Growth Focus
• Neutral Sentiment: Analyst and media discussion includes a valuation check after recent earnings and copper optimism — useful context for investors but not a direct catalyst. FCX Valuation Check After Earnings And Copper Demand Optimism
• Negative Sentiment: Countervailing pressure: the stock has run up toward its 1‑year high and trades at a relatively high P/E (~39x) with a beta >1 — elevated valuation and volatility make the name susceptible to profit‑taking or macro/copper price swings, which helps explain today’s decline.

Freeport-McMoRan Stock Down 4.1%

Shares of NYSE FCX opened at $59.29 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.29 and a quick ratio of 1.05. The firm’s 50-day moving average is $53.65 and its two-hundred day moving average is $46.06. Freeport-McMoRan Inc. has a 12-month low of $27.66 and a 12-month high of $69.44. The company has a market capitalization of $85.14 billion, a PE ratio of 39.27, a price-to-earnings-growth ratio of 0.72 and a beta of 1.47.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings data 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 firm 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 quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. Equities analysts anticipate that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio is currently 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.