Victory Capital Management Inc. Boosts Stock Holdings in Freeport-McMoRan Inc. $FCX

Posted by Francis Steltz on Jun 13th, 2026

Victory Capital Management Inc. grew its position in shares of Freeport-McMoRan Inc. (NYSE:FCX – Free Report) by 28.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,366,596 shares of the natural resource company’s stock after buying an additional 3,894,872 shares during the quarter. Freeport-McMoRan accounts for 0.5% of Victory Capital Management Inc.’s portfolio, making the stock its 26th largest position. Victory Capital Management Inc.’s holdings in Freeport-McMoRan were worth $882,050,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FCX. Wellington Management Group LLP grew its holdings in shares of Freeport-McMoRan by 190.9% during 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 buying an additional 23,950,557 shares during the last quarter. Franklin Resources Inc. lifted its position in Freeport-McMoRan by 31.2% during the fourth quarter. Franklin Resources Inc. now owns 37,353,852 shares of the natural resource company’s stock valued at $1,897,202,000 after purchasing an additional 8,891,743 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Freeport-McMoRan during the fourth quarter valued at approximately $185,379,000. Boston Partners lifted its position in Freeport-McMoRan by 75.1% during the fourth quarter. Boston Partners now owns 7,916,348 shares of the natural resource company’s stock valued at $404,695,000 after purchasing an additional 3,395,264 shares during the period. Finally, AQR Capital Management LLC lifted its position in Freeport-McMoRan by 205.0% during 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 period. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan Stock Up 2.9%

FCX opened at $68.28 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28. Freeport-McMoRan Inc. has a 1-year low of $35.15 and a 1-year high of $72.09. The company has a market capitalization of $98.15 billion, a PE ratio of 36.32, a PEG ratio of 0.80 and a beta of 1.35. The firm’s 50 day simple moving average is $64.24 and its two-hundred day simple moving average is $59.05.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The natural resource company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.10. Freeport-McMoRan had a net margin of 10.34% and a return on equity of 9.88%. The business had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same period last year, the firm earned $0.24 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, equities analysts forecast that Freeport-McMoRan Inc. will post 2.56 EPS for the current year.

Freeport-McMoRan Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Argus upgraded shares of Freeport-McMoRan from a “hold” rating to a “buy” rating in a research report on Friday, February 13th. Wall Street Zen upgraded shares of Freeport-McMoRan from a “hold” rating to a “buy” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Freeport-McMoRan in a research report on Friday, May 15th. Jefferies Financial Group increased their price objective on shares of Freeport-McMoRan from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Finally, Weiss Ratings upgraded shares of Freeport-McMoRan from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 22nd. Two investment 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.86.

Get Our Latest Stock Report on Freeport-McMoRan

Freeport-McMoRan Company 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.