Harvest Fund Management Co. Ltd Has $620,000 Stock Position in Freeport-McMoRan Inc. $FCX

Posted by Francis Steltz on Jun 6th, 2026

Harvest Fund Management Co. Ltd lifted its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX – Free Report) by 22,520.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,215 shares of the natural resource company’s stock after purchasing an additional 12,161 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Freeport-McMoRan were worth $620,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. KBC Group NV grew its stake in shares of Freeport-McMoRan by 49.0% in the fourth quarter. KBC Group NV now owns 221,838 shares of the natural resource company’s stock worth $11,267,000 after acquiring an additional 73,002 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Freeport-McMoRan during the fourth quarter valued at $8,857,000. Wellington Management Group LLP boosted its position 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 worth $1,431,326,000 after purchasing an additional 23,950,557 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its position in Freeport-McMoRan by 426.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 81,892 shares of the natural resource company’s stock worth $3,212,000 after purchasing an additional 66,331 shares during the last quarter. Finally, Powszechne Towarzystwo Emerytalne Allianz Polska S.A. boosted its position in Freeport-McMoRan by 175.4% in the fourth quarter. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. now owns 1,379,760 shares of the natural resource company’s stock worth $70,078,000 after purchasing an additional 878,760 shares during the last quarter. 80.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FCX. Bank of America lifted their target price on Freeport-McMoRan from $68.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Freedom Capital raised Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Citigroup cut their target price on Freeport-McMoRan from $67.00 to $66.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Barclays initiated coverage on Freeport-McMoRan in a research report on Thursday, May 21st. They issued an “overweight” rating and a $77.00 price objective on the stock. Finally, Jefferies Financial Group set a $75.00 price objective on Freeport-McMoRan in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Freeport-McMoRan presently has a consensus rating of “Moderate Buy” and an average target price of $66.04.

View Our Latest Research Report on Freeport-McMoRan

Freeport-McMoRan Trading Down 9.1%

Freeport-McMoRan stock opened at $63.37 on Friday. The stock has a 50-day moving average of $63.48 and a two-hundred day moving average of $58.17. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 2.39. Freeport-McMoRan Inc. has a one year low of $35.15 and a one year high of $72.09. The stock has a market cap of $91.10 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 0.84 and a beta of 1.35.

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, topping analysts’ consensus estimates of $0.47 by $0.10. The firm had revenue of $6.23 billion for 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%.The business’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. On average, research analysts anticipate that Freeport-McMoRan Inc. will post 2.56 EPS for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Wednesday, April 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 was Wednesday, April 15th. Freeport-McMoRan’s payout ratio is currently 15.96%.

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.