Freeport-McMoRan Inc. $FCX Stake Trimmed by Wedbush Securities Inc.

Posted by Geri Gentry on Oct 25th, 2026

Wedbush Securities Inc. lowered its holdings in Freeport-McMoRan Inc. (NYSE:FCX – Free Report) by 23.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 35,578 shares of the natural resource company’s stock after selling 10,800 shares during the quarter. Wedbush Securities Inc.’s holdings in Freeport-McMoRan were worth $2,490,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FCX. State Street Corp increased its stake in shares of Freeport-McMoRan by 3.6% during the second quarter. State Street Corp now owns 66,485,424 shares of the natural resource company’s stock valued at $4,181,268,000 after buying an additional 2,300,416 shares during the period. Bank of America Corp DE raised its holdings in shares of Freeport-McMoRan by 20.0% during the first quarter. Bank of America Corp DE now owns 42,345,502 shares of the natural resource company’s stock valued at $2,489,069,000 after acquiring an additional 7,044,775 shares in the last quarter. Wellington Management Group LLP lifted its stake in Freeport-McMoRan by 13.8% in the second quarter. Wellington Management Group LLP now owns 14,918,066 shares of the natural resource company’s stock worth $938,197,000 after acquiring an additional 1,810,698 shares during the period. Amundi lifted its stake in Freeport-McMoRan by 10.5% in the second quarter. Amundi now owns 11,819,898 shares of the natural resource company’s stock worth $743,353,000 after acquiring an additional 1,125,982 shares during the period. Finally, Jupiter Topco LLC purchased a new stake in Freeport-McMoRan in the second quarter worth $739,890,000. 80.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Erste Group Bank assumed coverage on shares of Freeport-McMoRan in a report on Thursday, August 27th. They issued a “buy” rating on the stock. UBS Group upped their price objective on shares of Freeport-McMoRan from $77.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. Wells Fargo & Company raised their target price on shares of Freeport-McMoRan from $70.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 6th. Barclays lifted their target price on shares of Freeport-McMoRan from $83.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, October 19th. Finally, Wall Street Zen lowered shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.27.

Read Our Latest Research Report on FCX

Freeport-McMoRan Stock Performance

Freeport-McMoRan stock opened at $65.20 on Friday. Freeport-McMoRan Inc. has a twelve month low of $38.54 and a twelve month high of $80.24. The company has a quick ratio of 0.92, a current ratio of 2.07 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $93.63 billion, a P/E ratio of 32.12, a PEG ratio of 0.58 and a beta of 1.39. The stock’s 50 day moving average is $72.02 and its 200 day moving average is $66.90.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. The business had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $6.62 billion. Freeport-McMoRan had a return on equity of 10.63% and a net margin of 11.39%. The firm’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. On average, equities research analysts predict that Freeport-McMoRan Inc. will post 3.05 earnings per share for the current fiscal year.

Freeport-McMoRan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a $0.0750 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 15th. Freeport-McMoRan’s dividend payout ratio is currently 14.78%.

Insider Buying and Selling

In other news, CAO Ellie Mikes sold 4,773 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $70.00, for a total transaction of $334,110.00. Following the completion of the transaction, the chief accounting officer directly owned 36,000 shares in the company, valued at $2,520,000. This trade represents a 11.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lydia Kennard sold 3,798 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $79.11, for a total value of $300,459.78. Following the transaction, the director owned 122,702 shares of the company’s stock, valued at $9,706,955.22. The trade was a 3.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 110,398 shares of company stock valued at $8,387,271. Insiders own 0.73% of the company’s stock.

Trending Headlines about Freeport-McMoRan

Here are the key news stories impacting Freeport-McMoRan this week:

Positive Sentiment: FCX has delivered four consecutive earnings beats, and strong copper prices are expected to support third-quarter results despite lower sales volumes and higher costs. The earnings preview also highlights estimates for production and other operating metrics that could influence the stock beyond headline revenue and EPS. FCX to Report Q3 Earnings: What’s in the Cards for the Stock?
Positive Sentiment: Erste Group Bank raised its FY2026 EPS forecast for Freeport-McMoRan to $3.19 from $3.10 and maintained a Buy rating. The revised estimate is above the broader consensus of $2.99, providing a favorable analyst signal ahead of earnings.
Positive Sentiment: HSBC reportedly assigned FCX a $77 price target ahead of the company’s October 27 results, suggesting potential upside if copper-market conditions and quarterly execution meet expectations. HSBC sets USD 77 target before October 27 results

Freeport-McMoRan Profile

(Free Report)

Freeport-McMoRan Inc (NYSE: FCX) is a global mining company primarily engaged in the exploration, development, and production of copper. Copper is used extensively in electrical wiring, construction, transportation, renewable energy systems, and other industrial applications. The company also produces gold and molybdenum, a metal used in steelmaking and other industrial processes, as well as certain other byproducts.

Freeport-McMoRan operates a portfolio of mining and processing assets in North America, South America, and Indonesia.