Freeport-McMoRan Inc. $FCX Stock: Retirement Systems of Alabama Grows Holdings

Posted by George Bondi on Nov 10th, 2026

Retirement Systems of Alabama increased its position in Freeport-McMoRan Inc. (NYSE:FCX – Free Report) by 276.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,137,143 shares of the natural resource company’s stock after buying an additional 835,144 shares during the quarter. Retirement Systems of Alabama’s holdings in Freeport-McMoRan were worth $79,600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TOWER TRUST & INVESTMENT Co grew its position in Freeport-McMoRan by 1.3% during the third 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 period. Richardson Financial Services Inc. increased its stake in Freeport-McMoRan by 11.6% during the second quarter. Richardson Financial Services Inc. now owns 1,539 shares of the natural resource company’s stock worth $97,000 after acquiring an additional 160 shares during the last quarter. Breakwater Capital Group increased its stake in Freeport-McMoRan by 1.0% during the third quarter. Breakwater Capital Group now owns 15,930 shares of the natural resource company’s stock worth $1,115,000 after acquiring an additional 160 shares during the last quarter. Signature Wealth Management Partners LLC raised its holdings 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 period. Finally, Fiduciary Financial Group LLC raised its holdings 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 worth $427,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds own 80.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wall Street Zen lowered Freeport-McMoRan from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Stifel Nicolaus boosted their target price on Freeport-McMoRan from $76.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Sanford C. Bernstein dropped their target price on shares of Freeport-McMoRan from $50.00 to $47.00 and set a “market perform” rating for the company in a research report on Wednesday, September 9th. JPMorgan Chase & Co. cut their price target on shares of Freeport-McMoRan from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, October 28th. Finally, UBS Group cut their price target on shares of Freeport-McMoRan from $88.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.30.

Read Our Latest Stock Report on Freeport-McMoRan

Insider Activity

In related news, EVP Douglas N. Currault II sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $78.56, for a total transaction of $6,284,800.00. Following the transaction, the executive vice president directly owned 211,016 shares of the company’s stock, valued at approximately $16,577,416.96. The trade was a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lydia H. Kennard sold 3,798 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was 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 in the company, valued at $9,706,955.22. This trade represents a 3.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.73% of the stock is owned by corporate insiders.

Freeport-McMoRan Stock Up 5.0%

Shares of Freeport-McMoRan stock opened at $62.38 on Tuesday. The company has a fifty day moving average price of $69.56 and a 200 day moving average price of $65.28. The company has a current ratio of 2.02, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. Freeport-McMoRan Inc. has a twelve month low of $38.85 and a twelve month high of $80.24. The stock has a market cap of $89.58 billion, a price-to-earnings ratio of 26.21, a price-to-earnings-growth ratio of 0.58 and a beta of 1.38.

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

Freeport-McMoRan Announces Dividend

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

Freeport-McMoRan Company 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.