Partners Wealth Management LLC purchased a new position in Freeport-McMoRan Inc. (NYSE:FCX – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,767 shares of the natural resource company’s stock, valued at approximately $824,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. TOWER TRUST & INVESTMENT Co boosted its stake in Freeport-McMoRan by 1.3% during the 3rd quarter. TOWER TRUST & INVESTMENT Co now owns 12,177 shares of the natural resource company’s stock valued at $852,000 after acquiring an additional 157 shares during the last quarter. Richardson Financial Services Inc. increased its position in shares of Freeport-McMoRan by 11.6% in the 2nd quarter. Richardson Financial Services Inc. now owns 1,539 shares of the natural resource company’s stock worth $97,000 after purchasing an additional 160 shares during the last quarter. Breakwater Capital Group increased its position in shares of Freeport-McMoRan by 1.0% in the 3rd quarter. Breakwater Capital Group now owns 15,930 shares of the natural resource company’s stock worth $1,115,000 after purchasing an additional 160 shares during the last quarter. Signature Wealth Management Partners LLC increased its position in shares of Freeport-McMoRan by 1.4% in the 3rd quarter. Signature Wealth Management Partners LLC now owns 12,271 shares of the natural resource company’s stock worth $859,000 after purchasing an additional 166 shares during the last quarter. Finally, Fiduciary Financial Group LLC raised its stake in shares of Freeport-McMoRan by 2.6% in the 2nd quarter. Fiduciary Financial Group LLC now owns 6,788 shares of the natural resource company’s stock valued at $427,000 after purchasing an additional 173 shares in the last quarter. 80.77% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Freeport-McMoRan
In other Freeport-McMoRan news, CAO Stephen T. Higgins sold 14,277 shares of Freeport-McMoRan stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $69.50, for a total value of $992,251.50. Following the completion of the transaction, the chief accounting officer directly owned 54,618 shares in the company, valued at $3,795,951. The trade was a 20.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lydia H. Kennard sold 3,798 shares of the company’s stock in a transaction that occurred 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 directly owned 122,702 shares of the company’s stock, valued at $9,706,955.22. This trade represents a 3.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 102,848 shares of company stock worth $7,911,621 in the last ninety days. Insiders own 0.73% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. Stifel Nicolaus increased their price target on shares of Freeport-McMoRan from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. The Goldman Sachs Group reissued a “buy” rating on shares of Freeport-McMoRan in a report on Thursday, September 10th. Erste Group Bank assumed coverage on Freeport-McMoRan in a research note on Thursday, August 27th. They set a “buy” rating on the stock. Wall Street Zen downgraded Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Barclays increased their target price on Freeport-McMoRan from $83.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Freeport-McMoRan has a consensus rating of “Moderate Buy” and an average price target of $75.67.
Read Our Latest Stock Report on Freeport-McMoRan
Freeport-McMoRan Stock Down 5.6%
FCX stock opened at $62.44 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 0.92. Freeport-McMoRan Inc. has a 1-year low of $38.54 and a 1-year high of $80.24. The firm has a fifty day moving average price of $71.59 and a two-hundred day moving average price of $65.24. The firm has a market cap of $89.66 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 0.61 and a beta of 1.39.
Freeport-McMoRan (NYSE:FCX – Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The natural resource company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. Freeport-McMoRan had a net margin of 13.03% and a return on equity of 12.09%. The company had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.36 billion. During the same period last year, the firm posted $0.50 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Research analysts predict that Freeport-McMoRan Inc. will post 3.04 EPS for the current year.
Freeport-McMoRan Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a dividend of $0.0750 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.30 annualized dividend and a yield of 0.5%. Freeport-McMoRan’s dividend payout ratio is 12.61%.
Trending Headlines about Freeport-McMoRan
Here are the key news stories impacting Freeport-McMoRan this week:
- Positive Sentiment: Freeport-McMoRan’s third-quarter results exceeded expectations, with earnings per share of roughly $0.81–$0.88 on $7.55 billion in revenue, supported by stronger copper economics and year-over-year revenue growth. The company’s Grasberg recovery is also advancing, which could improve production and cash flow over time. Freeport-McMoRan Q3 2026 Earnings
- Positive Sentiment: Wells Fargo reportedly maintained a Buy view on FCX, while UBS retained its Buy rating despite reducing its price target to $85 from $88. The targets remain above the recent trading level, indicating analysts still see potential upside if copper prices and Grasberg operations remain favorable. Freeport-McMoRan Receives a Buy from Wells Fargo UBS Adjusts Freeport-McMoRan Price Target
- Neutral Sentiment: FCX was included among non-ferrous mining stocks worth watching despite a weak near-term industry outlook. The list highlights the company’s growth potential but also underscores the challenging backdrop for metal producers. 5 Non-Ferrous Metal Mining Stocks to Watch
- Negative Sentiment: Freeport reduced its copper-sales outlook even as Grasberg recovery progresses. That combination raises concerns about near-term production, shipment timing and the pace at which the mine will contribute to results. Freeport Trims Copper Sales Outlook
- Negative Sentiment: UBS and Wells Fargo lowered their expectations for FCX’s share price, adding pressure after the stock’s strong run. A separate analysis argued that the anticipated Grasberg recovery may already be reflected in the valuation, with a relatively high earnings multiple leaving less room for disappointment. UBS Forecast for Freeport-McMoRan Freeport-McMoRan Q3 Analysis
Freeport-McMoRan Company Profile
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.
Read More
- Five stocks we like better than Freeport-McMoRan
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
Want to see what other hedge funds are holding FCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Freeport-McMoRan Inc. (NYSE:FCX – Free Report).
Receive News & Ratings for Freeport-McMoRan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freeport-McMoRan and related companies with MarketBeat.com's FREE daily email newsletter.
