Alberta Investment Management Corp Invests $5.49 Million in Freeport-McMoRan Inc. $FCX

Alberta Investment Management Corp bought a new stake in Freeport-McMoRan Inc. (NYSE:FCX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 140,000 shares of the natural resource company’s stock, valued at approximately $5,491,000.

A number of other hedge funds have also modified their holdings of the company. Great Lakes Advisors LLC lifted its holdings in Freeport-McMoRan by 8.0% during the 3rd quarter. Great Lakes Advisors LLC now owns 1,551,258 shares of the natural resource company’s stock worth $60,840,000 after buying an additional 115,285 shares in the last quarter. New York Life Investment Management LLC increased its position in shares of Freeport-McMoRan by 11.8% during the second quarter. New York Life Investment Management LLC now owns 215,058 shares of the natural resource company’s stock worth $9,323,000 after acquiring an additional 22,766 shares during the period. Summit Global Investments increased its position in shares of Freeport-McMoRan by 278.4% during the third quarter. Summit Global Investments now owns 46,157 shares of the natural resource company’s stock worth $1,810,000 after acquiring an additional 33,959 shares during the period. Arrow Capital Pty Ltd raised its stake in shares of Freeport-McMoRan by 88.5% in the second quarter. Arrow Capital Pty Ltd now owns 113,100 shares of the natural resource company’s stock valued at $4,903,000 after acquiring an additional 53,100 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted its holdings in Freeport-McMoRan by 5.7% in the third quarter. Foster Victor Wealth Advisors LLC now owns 383,488 shares of the natural resource company’s stock valued at $15,213,000 after purchasing an additional 20,586 shares during the period. 80.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. BMO Capital Markets upped their price target on Freeport-McMoRan from $55.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. BNP Paribas Exane upped their target price on shares of Freeport-McMoRan from $56.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Jefferies Financial Group lifted their price target on shares of Freeport-McMoRan from $68.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday. UBS Group increased their price objective 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Freeport-McMoRan in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.64.

Insider Buying and Selling at Freeport-McMoRan

In related news, EVP Douglas N. Currault II sold 75,000 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $64.52, for a total transaction of $4,839,000.00. Following the completion of the sale, the executive vice president owned 219,181 shares in the company, valued at $14,141,558.12. This represents a 25.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Stephen T. Higgins sold 28,423 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $47.99, for a total transaction of $1,364,019.77. Following the transaction, the chief accounting officer directly owned 105,294 shares in the company, valued at $5,053,059.06. The trade was a 21.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 573,486 shares of company stock valued at $35,791,937. 0.75% of the stock is owned by company insiders.

Key Freeport-McMoRan News

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

• Positive Sentiment: Company secured a Memorandum of Understanding with the Indonesian government to amend PT Freeport Indonesia’s special mining business license (IUPK) for a life‑of‑resource extension of operating rights — this lowers regulatory tenure risk for Grasberg (a top global copper/gold asset) and strengthens Freeport’s long‑term production and cash‑flow outlook. FCX Announces Agreement for Life of Resource Extension of Operating Rights in Grasberg Minerals District
• Positive Sentiment: Jefferies raised its price target on FCX to $76 (from $68) and maintained a Buy rating — a prominent broker upgrade that can attract flows and supports upside expectations versus the current market price. Jefferies adjusts Freeport McMoran PT to $76 from $68, maintains buy rating
• Negative Sentiment: Senior insiders disclosed stock sales this week: CFO Maree Robertson sold 48,500 shares (filed with the SEC) and CAO Ellie Mikes sold 11,000 shares — sizable disposals that may be viewed negatively by some investors even if they’re routine or for diversification. SEC filing — CFO sale SEC filing — CAO sale
• Negative Sentiment: Sector commentary highlights strong performance from peers (e.g., BHP) and increased copper demand — but also notes Freeport is still dealing with the aftermath of the 2025 Grasberg mudflow, which has limited near‑term production and may delay Freeport’s ability to fully benefit from a copper rally. (Market positioning and operational recovery timelines remain key risks.)

Freeport-McMoRan Price Performance

Shares of FCX opened at $62.56 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.29 and a quick ratio of 1.05. Freeport-McMoRan Inc. has a 1-year low of $27.66 and a 1-year high of $69.44. The stock has a market cap of $89.84 billion, a PE ratio of 41.43, a price-to-earnings-growth ratio of 0.67 and a beta of 1.47. The firm has a fifty day moving average price of $56.95 and a 200 day moving average price of $47.31.

Freeport-McMoRan (NYSE:FCX) last posted its earnings results 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 return on equity of 8.50% and a net margin of 8.50%.The business had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Freeport-McMoRan Inc. will post 1.68 EPS for the current year.

Freeport-McMoRan Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio is presently 19.87%.

Freeport-McMoRan Company Profile

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.