Lebenthal Global Advisors LLC Reduces Stock Holdings in Freeport-McMoRan Inc. $FCX

Lebenthal Global Advisors LLC decreased its position in Freeport-McMoRan Inc. (NYSE:FCX) by 35.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,447 shares of the natural resource company’s stock after selling 8,662 shares during the period. Lebenthal Global Advisors LLC’s holdings in Freeport-McMoRan were worth $785,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of FCX. Wellington Management Group LLP lifted its stake in Freeport-McMoRan by 190.9% in the third quarter. Wellington Management Group LLP now owns 36,494,793 shares of the natural resource company’s stock valued at $1,431,326,000 after purchasing an additional 23,950,557 shares during the last quarter. AQR Capital Management LLC lifted its stake in Freeport-McMoRan by 205.0% in the second quarter. AQR Capital Management LLC now owns 4,186,621 shares of the natural resource company’s stock valued at $181,490,000 after purchasing an additional 2,813,845 shares during the last quarter. Amundi lifted its stake in Freeport-McMoRan by 43.7% in the third quarter. Amundi now owns 7,018,624 shares of the natural resource company’s stock valued at $282,991,000 after purchasing an additional 2,132,708 shares during the last quarter. Kirkoswald Asset Management LLC purchased a new position in Freeport-McMoRan in the third quarter valued at approximately $82,754,200,000. Finally, Schroder Investment Management Group lifted its stake in Freeport-McMoRan by 87.6% in the third quarter. Schroder Investment Management Group now owns 4,115,008 shares of the natural resource company’s stock valued at $152,749,000 after purchasing an additional 1,921,792 shares during the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Wall Street Analysts Forecast Growth

FCX has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Freeport-McMoRan from $58.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Wells Fargo & Company boosted their target price on shares of Freeport-McMoRan from $64.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Scotiabank lowered their target price on shares of Freeport-McMoRan from $72.00 to $71.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 14th. Raymond James Financial boosted their target price on shares of Freeport-McMoRan from $53.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. Finally, Bank of America boosted their target price on shares of Freeport-McMoRan from $68.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Two 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $66.02.

Freeport-McMoRan Price Performance

Freeport-McMoRan stock opened at $61.48 on Friday. Freeport-McMoRan Inc. has a 52 week low of $34.45 and a 52 week high of $70.96. The business has a 50-day simple moving average of $62.50 and a 200 day simple moving average of $53.64. The company has a quick ratio of 1.05, a current ratio of 2.29 and a debt-to-equity ratio of 0.29. The stock has a market cap of $88.35 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 0.81 and a beta of 1.48.

Freeport-McMoRan (NYSE:FCX) last posted its earnings results on Thursday, April 23rd. The natural resource company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.47 by $0.10. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.40 billion. During the same period in the previous year, the business earned $0.24 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. On average, research analysts forecast that Freeport-McMoRan Inc. will post 2.54 earnings per share for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, April 15th. Freeport-McMoRan’s payout ratio is presently 19.87%.

Insiders Place Their Bets

In related news, EVP Douglas N. Currault II sold 75,000 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $64.52, for a total value of $4,839,000.00. Following the transaction, the executive vice president owned 219,181 shares of the company’s stock, valued at $14,141,558.12. This represents a 25.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard C. Adkerson sold 248,031 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $62.80, for a total value of $15,576,346.80. Following the completion of the transaction, the chairman directly owned 3,509,119 shares in the company, valued at approximately $220,372,673.20. This represents a 6.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 565,145 shares of company stock valued at $35,839,918 over the last quarter. Insiders own 0.75% of the company’s stock.

Key Freeport-McMoRan News

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

• Positive Sentiment: Q1 beat: FCX reported $0.57 EPS vs. $0.47 consensus and revenue of $6.23B; profits surged year‑over‑year as higher copper, gold and molybdenum prices offset weaker volumes. FCX’s Q1 Earnings and Revenues Top Estimates on Higher Copper Prices
• Positive Sentiment: Analyst support: some firms (e.g., Deutsche Bank, Wells Fargo coverage noted in recent writeups) have upgraded/raised targets ahead of the print, reflecting confidence in commodity tailwinds and longer‑term recovery prospects. Is Freeport-McMoRan (FCX) the Best Beginner Stock to Buy Right Now?
• Neutral Sentiment: Conference materials/transcript available — management commentary is posted and the Q1 earnings call transcript may provide detail on timing for Grasberg ramp and capital/operational responses. Investors should review management’s comments for timing risk. Freeport-McMoRan Inc. (FCX) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Minor analyst estimate tweaks: Scotiabank trimmed FY2026/FY2027 EPS forecasts slightly (e.g., FY2027 to $2.44 from $2.48) but kept a Sector Perform view and a ~$71 target; this is a modest adjustment versus the broader market move. Scotiabank Equities Analysts Cut Earnings Estimates for FCX
• Negative Sentiment: Output cut/Grasberg delay: FCX trimmed its 2026 and 2027 copper sales outlook by roughly 300 million pounds due to a slower ramp at the Grasberg complex after last year’s mud‑rush incident — management flagged weaker near‑term production, which undermines forward supply expectations. FCX Stock Dives On Copper Output Cut. These Stocks Are Rallying.
• Negative Sentiment: Market reaction and volatility: the production downgrade overshadowed the earnings beat and triggered an intraday selloff (reports of a ~10% drop), demonstrating that near‑term production visibility at Grasberg is the dominant driver of price action today. Freeport-McMoRan (FCX) Stock Plunges 10% After Slashing Production Forecasts

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.