The Manufacturers Life Insurance Company Has $151.04 Million Holdings in Freeport-McMoRan Inc. $FCX

Posted by Geri Gentry on Jul 29th, 2026

The Manufacturers Life Insurance Company cut its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX – Free Report) by 24.3% during the 1st quarter, Holdings Channel reports. The firm owned 2,569,636 shares of the natural resource company’s stock after selling 826,756 shares during the period. The Manufacturers Life Insurance Company’s holdings in Freeport-McMoRan were worth $151,043,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Steph & Co. grew its position in Freeport-McMoRan by 43.7% during the first quarter. Steph & Co. now owns 493 shares of the natural resource company’s stock worth $29,000 after buying an additional 150 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Freeport-McMoRan in the 1st quarter valued at $29,000. Strategic Investment Solutions Inc. IL acquired a new position in Freeport-McMoRan in the 4th quarter valued at $25,000. Kemnay Advisory Services Inc. acquired a new position in Freeport-McMoRan in the 4th quarter valued at $29,000. Finally, Financial Life Planners bought a new stake in shares of Freeport-McMoRan during the 1st quarter valued at $34,000. 80.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating and set a $78.00 target price on shares of Freeport-McMoRan in a report on Thursday, July 23rd. Raymond James Financial reduced their price objective on shares of Freeport-McMoRan from $72.00 to $68.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Wall Street Zen raised shares of Freeport-McMoRan from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Sanford C. Bernstein boosted their target price on shares of Freeport-McMoRan from $53.50 to $58.50 and gave the company a “market perform” rating in a research report on Wednesday, June 10th. Finally, Wells Fargo & Company upped their price target on shares of Freeport-McMoRan from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.27.

Get Our Latest Research Report on Freeport-McMoRan

Freeport-McMoRan Stock Performance

Freeport-McMoRan stock opened at $61.58 on Wednesday. The stock has a market cap of $88.53 billion, a PE ratio of 30.34, a P/E/G ratio of 0.64 and a beta of 1.37. The company has a quick ratio of 0.92, a current ratio of 2.07 and a debt-to-equity ratio of 0.25. Freeport-McMoRan Inc. has a 12-month low of $35.15 and a 12-month high of $72.28. The business’s 50-day moving average price is $63.68 and its two-hundred day moving average price is $62.47.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.12. The company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.62 billion. Freeport-McMoRan had a net margin of 11.39% and a return on equity of 10.63%. The firm’s revenue was down 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. As a group, analysts expect that Freeport-McMoRan Inc. will post 2.74 earnings per share for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be given a $0.075 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 14.78%.

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.