Rice Partnership LLC Invests $1.64 Million in Freeport-McMoRan Inc. $FCX

Posted by George Bondi on Jun 3rd, 2026

Rice Partnership LLC bought a new position in shares of Freeport-McMoRan Inc. (NYSE:FCX – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 32,259 shares of the natural resource company’s stock, valued at approximately $1,638,000.

A number of other hedge funds also recently modified their holdings of FCX. Wellington Management Group LLP lifted its stake in shares of Freeport-McMoRan by 190.9% during the 3rd quarter. Wellington Management Group LLP now owns 36,494,793 shares of the natural resource company’s stock worth $1,431,326,000 after buying an additional 23,950,557 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Freeport-McMoRan by 205.0% during the 2nd quarter. AQR Capital Management LLC now owns 4,186,621 shares of the natural resource company’s stock worth $181,490,000 after buying an additional 2,813,845 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Freeport-McMoRan during the 4th quarter worth about $110,210,000. Amundi lifted its stake in shares of Freeport-McMoRan by 43.7% during the 3rd quarter. Amundi now owns 7,018,624 shares of the natural resource company’s stock worth $282,991,000 after buying an additional 2,132,708 shares during the last quarter. Finally, Kirkoswald Asset Management LLC acquired a new stake in shares of Freeport-McMoRan during the 3rd quarter worth about $82,754,200,000. Institutional investors and hedge funds own 80.77% of the company’s stock.

Freeport-McMoRan Trading Up 6.9%

Shares of FCX stock opened at $71.64 on Wednesday. The company has a current ratio of 2.39, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28. The stock has a market cap of $102.99 billion, a P/E ratio of 38.11, a price-to-earnings-growth ratio of 0.81 and a beta of 1.35. The stock has a 50 day simple moving average of $62.38 and a 200 day simple moving average of $57.50. Freeport-McMoRan Inc. has a 1 year low of $35.15 and a 1 year high of $72.09.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The natural resource company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.10. The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $5.73 billion. Freeport-McMoRan had a return on equity of 9.88% and a net margin of 10.34%.The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 earnings per share. On average, research analysts predict that Freeport-McMoRan Inc. will post 2.56 earnings per share for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, April 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 15.96%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Raymond James Financial cut their target price on shares of Freeport-McMoRan from $72.00 to $68.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Sanford C. Bernstein cut their target price on shares of Freeport-McMoRan from $54.00 to $53.50 and set a “market perform” rating for the company in a research note on Friday, April 24th. UBS Group lifted their price objective on shares of Freeport-McMoRan from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. CICC Research cut their price objective on shares of Freeport-McMoRan from $64.40 to $63.40 and set an “outperform” rating for the company in a report on Tuesday, April 28th. Finally, Scotiabank cut their price objective on shares of Freeport-McMoRan from $71.00 to $67.00 and set a “sector perform” rating for the company in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.04.

View Our Latest Stock Report on FCX

Freeport-McMoRan Profile

(Free Report)

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.