Freeport-McMoRan Inc. $FCX Shares Sold by Rakuten Investment Management Inc.

Posted by Geri Gentry on Jun 17th, 2026

Rakuten Investment Management Inc. reduced its position in Freeport-McMoRan Inc. (NYSE:FCX – Free Report) by 59.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,890 shares of the natural resource company’s stock after selling 272,386 shares during the period. Rakuten Investment Management Inc.’s holdings in Freeport-McMoRan were worth $9,724,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. L2 Asset Management LLC lifted its stake in shares of Freeport-McMoRan by 7.1% in the 4th quarter. L2 Asset Management LLC now owns 7,194 shares of the natural resource company’s stock valued at $365,000 after purchasing an additional 478 shares in the last quarter. 71 West Capital Partners acquired a new position in shares of Freeport-McMoRan in the 4th quarter valued at about $265,000. Oarsman Capital Inc. lifted its stake in shares of Freeport-McMoRan by 7.1% in the 4th quarter. Oarsman Capital Inc. now owns 55,928 shares of the natural resource company’s stock valued at $2,841,000 after purchasing an additional 3,717 shares in the last quarter. Thornburg Investment Management Inc. lifted its stake in shares of Freeport-McMoRan by 50.7% in the 4th quarter. Thornburg Investment Management Inc. now owns 2,794,794 shares of the natural resource company’s stock valued at $141,948,000 after purchasing an additional 939,941 shares in the last quarter. Finally, Tamar Securities LLC lifted its stake in shares of Freeport-McMoRan by 6.6% in the 4th quarter. Tamar Securities LLC now owns 496,712 shares of the natural resource company’s stock valued at $25,228,000 after purchasing an additional 30,684 shares in the last quarter. 80.77% of the stock is owned by institutional investors and hedge funds.

Freeport-McMoRan Stock Performance

Freeport-McMoRan stock opened at $70.16 on Wednesday. The stock’s 50 day moving average price is $64.59 and its 200 day moving average price is $59.58. The firm has a market capitalization of $100.85 billion, a PE ratio of 37.32, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35. 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.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last released its quarterly 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. 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%.Freeport-McMoRan’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. As a group, sell-side analysts expect that Freeport-McMoRan Inc. will post 2.51 EPS for the current fiscal year.

Freeport-McMoRan Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Citigroup reduced their price objective on Freeport-McMoRan from $67.00 to $66.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Scotiabank boosted their price target on Freeport-McMoRan from $67.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Monday. BNP Paribas Exane reduced their price target on Freeport-McMoRan from $75.00 to $71.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. Morgan Stanley reissued an “equal weight” rating and set a $66.00 price target (down from $70.00) on shares of Freeport-McMoRan in a research report on Friday, April 24th. Finally, UBS Group boosted their price target on Freeport-McMoRan from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $67.31.

Check Out Our Latest Research Report on Freeport-McMoRan

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.