International Assets Investment Management LLC Acquires New Holdings in Freeport-McMoRan Inc. $FCX

Posted by Brian Himes on Nov 9th, 2026

International Assets Investment Management LLC acquired a new position in shares of Freeport-McMoRan Inc. (NYSE:FCX – Free Report) in the third quarter, HoldingsChannel reports. The institutional investor acquired 21,167 shares of the natural resource company’s stock, valued at approximately $1,466,000.

Other hedge funds have also added to or reduced their stakes in the company. Jupiter Topco LLC acquired a new position in Freeport-McMoRan in the 2nd quarter valued at $739,890,000. Bank of America Corp DE raised its stake in Freeport-McMoRan by 20.0% in the 1st quarter. Bank of America Corp DE now owns 42,345,502 shares of the natural resource company’s stock worth $2,489,069,000 after purchasing an additional 7,044,775 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Freeport-McMoRan by 101.2% during the first quarter. Janus Henderson Group PLC now owns 11,498,267 shares of the natural resource company’s stock worth $675,896,000 after purchasing an additional 5,784,156 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Freeport-McMoRan by 84.9% in the third quarter. Assenagon Asset Management S.A. now owns 5,448,772 shares of the natural resource company’s stock valued at $381,414,000 after buying an additional 2,501,881 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Freeport-McMoRan by 3.6% in 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. 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, Director Lydia Kennard sold 3,798 shares of Freeport-McMoRan stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $79.11, for a total transaction of $300,459.78. Following the transaction, the director directly owned 122,702 shares of the company’s stock, valued at approximately $9,706,955.22. The trade was a 3.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Douglas Currault, II sold 80,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $78.56, for a total value of $6,284,800.00. Following the completion of the sale, the executive vice president owned 211,016 shares in the company, valued at $16,577,416.96. This trade represents a 27.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.73% of the stock is owned by company insiders.

Freeport-McMoRan News Roundup

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

Positive Sentiment: Freeport approved a $4.5 billion expansion of its Bagdad mine in Arizona. The project aims to more than double mining and milling rates, increase copper and molybdenum output, and reduce long-term unit costs by about 20%—potentially supporting future growth and margins. Article: Freeport’s $4.5 Billion Bagdad Expansion to Boost U.S. Production
Negative Sentiment: The project’s substantial capital cost, alongside higher capital-spending guidance, has raised near-term concerns and reportedly pressured shares after the company’s third-quarter results. Scotiabank also lowered its FY2026 and FY2027 EPS estimates to $3.20 and $2.57, respectively, though it kept a Sector Outperform rating and a $78 price target. Article: Powering Up: Freeport-McMoRan’s $4.5B Copper Expansion

Analyst Ratings Changes

Several equities analysts have weighed in on the company. BMO Capital Markets lifted their price objective on Freeport-McMoRan from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, September 29th. Erste Group Bank initiated coverage on shares of Freeport-McMoRan in a research report on Thursday, August 27th. They issued a “buy” rating for the company. Scotiabank lowered their price objective on shares of Freeport-McMoRan from $80.00 to $78.00 and set a “sector outperform” rating for the company in a research report on Wednesday, October 28th. Barclays raised their target price on Freeport-McMoRan from $83.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, October 19th. Finally, Freedom Broker lowered their price target on Freeport-McMoRan from $75.00 to $68.00 and set a “hold” rating for the company in a report on Monday, November 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.30.

Get Our Latest Report on FCX

Freeport-McMoRan Stock Performance

Freeport-McMoRan stock opened at $59.36 on Monday. The business has a 50 day moving average of $69.84 and a 200-day moving average of $65.27. The company has a market capitalization of $85.25 billion, a P/E ratio of 24.94, a P/E/G ratio of 0.55 and a beta of 1.38. Freeport-McMoRan Inc. has a 1 year low of $38.75 and a 1 year high of $80.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 0.91.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last posted its earnings results on Tuesday, October 27th. The natural resource company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.82 by $0.06. The business had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.36 billion. Freeport-McMoRan had a net margin of 13.03% and a return on equity of 12.09%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $0.50 EPS. On average, equities research analysts predict that Freeport-McMoRan Inc. will post 3.02 earnings per share for the current year.

Freeport-McMoRan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 2nd. Investors of record on Thursday, October 15th were given a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, October 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is currently 12.61%.

Freeport-McMoRan Profile

(Free Report)

Freeport-McMoRan Inc is a mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Its products serve industries including construction, manufacturing, electronics and energy.

The company operates mines and related facilities in North America, South America and Indonesia. Its assets include the Grasberg minerals district in Indonesia and copper operations in the United States, Peru and Chile.

Freeport-McMoRan traces its roots to Freeport Sulphur Company, founded in 1912, and has since developed into a major international mining business.