Nano Cap New Millennium Growth Fund L P Takes Position in Freeport-McMoRan Inc. $FCX

Posted by George Bondi on May 22nd, 2026

Nano Cap New Millennium Growth Fund L P purchased a new stake in Freeport-McMoRan Inc. (NYSE:FCX – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,500 shares of the natural resource company’s stock, valued at approximately $483,000.

A number of other institutional investors also recently modified their holdings of FCX. Wellington Management Group LLP raised its position in shares of Freeport-McMoRan by 190.9% in the third quarter. Wellington Management Group LLP now owns 36,494,793 shares of the natural resource company’s stock valued at $1,431,326,000 after purchasing an additional 23,950,557 shares during the period. AQR Capital Management LLC boosted its holdings in Freeport-McMoRan by 205.0% during the second quarter. AQR Capital Management LLC now owns 4,186,621 shares of the natural resource company’s stock valued at $181,490,000 after acquiring an additional 2,813,845 shares during the period. Amundi boosted its holdings in Freeport-McMoRan by 43.7% during the third quarter. Amundi now owns 7,018,624 shares of the natural resource company’s stock valued at $282,991,000 after acquiring an additional 2,132,708 shares during the period. Kirkoswald Asset Management LLC bought a new stake in Freeport-McMoRan during the third quarter valued at about $82,754,200,000. Finally, Schroder Investment Management Group boosted its holdings in Freeport-McMoRan by 87.6% during the third quarter. Schroder Investment Management Group now owns 4,115,008 shares of the natural resource company’s stock valued at $152,749,000 after acquiring an additional 1,921,792 shares during the period. Institutional investors own 80.77% of the company’s stock.

Analyst Ratings Changes

FCX has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. CICC Research decreased their price target on shares of Freeport-McMoRan from $64.40 to $63.40 and set an “outperform” rating for the company in a report on Tuesday, April 28th. Citigroup decreased their price target on shares of Freeport-McMoRan from $67.00 to $66.00 and set a “buy” rating for the company in a report on Friday, May 1st. Raymond James Financial lowered 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. Finally, Scotiabank lowered their price objective on shares of Freeport-McMoRan from $71.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Freeport-McMoRan has a consensus rating of “Moderate Buy” and an average target price of $65.72.

Read Our Latest Stock Report on Freeport-McMoRan

Freeport-McMoRan Price Performance

Shares of FCX stock opened at $62.32 on Friday. The stock’s fifty day simple moving average is $61.41 and its 200 day simple moving average is $56.31. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.39 and a quick ratio of 1.13. The firm has a market cap of $89.59 billion, a price-to-earnings ratio of 33.15, a P/E/G ratio of 0.73 and a beta of 1.32. Freeport-McMoRan Inc. has a one year low of $35.15 and a one year high of $70.96.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The natural resource company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.10. The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $5.73 billion. Freeport-McMoRan had a net margin of 10.34% and a return on equity of 9.88%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 earnings per share. On average, analysts expect that Freeport-McMoRan Inc. will post 2.56 earnings per share for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th were given a $0.075 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Freeport-McMoRan’s payout ratio is 15.96%.

Freeport-McMoRan Company Profile

(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.