Prestige Wealth Management Group LLC Increases Position in Freeport-McMoRan Inc. $FCX

Posted by Geri Gentry on Jun 5th, 2026

Prestige Wealth Management Group LLC lifted its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX – Free Report) by 5,893.4% during the fourth quarter, Holdings Channel reports. The fund owned 20,797 shares of the natural resource company’s stock after purchasing an additional 20,450 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Freeport-McMoRan were worth $1,056,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Horizon Bancorp Inc. IN increased its position in shares of Freeport-McMoRan by 38.8% during the fourth quarter. Horizon Bancorp Inc. IN now owns 3,963 shares of the natural resource company’s stock worth $201,000 after acquiring an additional 1,107 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of Freeport-McMoRan by 22,520.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 12,215 shares of the natural resource company’s stock worth $620,000 after acquiring an additional 12,161 shares during the last quarter. Clifford Swan Investment Counsel LLC purchased a new stake in shares of Freeport-McMoRan during the fourth quarter worth about $254,000. Deseret Mutual Benefit Administrators increased its position in shares of Freeport-McMoRan by 15.1% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,915 shares of the natural resource company’s stock worth $97,000 after acquiring an additional 251 shares during the last quarter. Finally, Vise Technologies Inc. increased its position in shares of Freeport-McMoRan by 27.6% during the fourth quarter. Vise Technologies Inc. now owns 46,540 shares of the natural resource company’s stock worth $2,364,000 after acquiring an additional 10,078 shares during the last quarter. 80.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FCX has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $66.00 target price (down from $70.00) on shares of Freeport-McMoRan in a research report on Friday, April 24th. Wall Street Zen lowered Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Bank of America boosted their price objective on Freeport-McMoRan from $68.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, February 26th. JPMorgan Chase & Co. lowered their price objective on Freeport-McMoRan from $76.00 to $73.00 and set an “overweight” rating for the company in a report on Monday, April 27th. Finally, Citigroup lowered their price objective on Freeport-McMoRan from $67.00 to $66.00 and set a “buy” rating for the company in a report on Friday, May 1st. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $66.04.

Read Our Latest Research Report on Freeport-McMoRan

Freeport-McMoRan Stock Down 1.2%

Shares of Freeport-McMoRan stock opened at $69.81 on Friday. The company has a quick ratio of 1.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.28. The firm has a market cap of $100.35 billion, a P/E ratio of 37.13, a P/E/G ratio of 0.85 and a beta of 1.35. Freeport-McMoRan Inc. has a fifty-two week low of $35.15 and a fifty-two week high of $72.09. The business has a 50-day moving average price of $63.35 and a 200 day moving average price of $58.14.

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

Freeport-McMoRan Announces Dividend

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

About Freeport-McMoRan

(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.