Bank of New York Mellon Corp Raises Stock Position in Freeport-McMoRan Inc. $FCX

Posted by Brenda Bartman on Jun 3rd, 2026

Bank of New York Mellon Corp increased its holdings in Freeport-McMoRan Inc. (NYSE:FCX – Free Report) by 4.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 22,685,423 shares of the natural resource company’s stock after acquiring an additional 1,014,200 shares during the period. Bank of New York Mellon Corp’s holdings in Freeport-McMoRan were worth $1,152,193,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Freeport-McMoRan during the 4th quarter worth $38,000. Key Financial Inc increased its position in shares of Freeport-McMoRan by 32.3% during the 4th quarter. Key Financial Inc now owns 828 shares of the natural resource company’s stock worth $42,000 after purchasing an additional 202 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in Freeport-McMoRan in the 3rd quarter valued at about $33,000. Laurel Wealth Advisors LLC acquired a new position in Freeport-McMoRan in the fourth quarter valued at about $43,000. Finally, YANKCOM Partnership boosted its stake in Freeport-McMoRan by 83.3% during the fourth quarter. YANKCOM Partnership now owns 869 shares of the natural resource company’s stock worth $44,000 after buying an additional 395 shares during the period. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan Price Performance

Shares of FCX opened at $71.64 on Wednesday. The company has a market cap of $102.99 billion, a P/E ratio of 38.11, a PEG ratio of 0.81 and a beta of 1.35. Freeport-McMoRan Inc. has a fifty-two week low of $35.15 and a fifty-two week high of $72.09. The company has a quick ratio of 1.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average price is $62.38 and its 200 day moving average price is $57.50.

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

Freeport-McMoRan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Wednesday, April 15th were issued 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 0.4%. Freeport-McMoRan’s dividend payout ratio (DPR) is 15.96%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FCX shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Freeport-McMoRan in a research note on Friday, May 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $66.00 price objective (down from $70.00) on shares of Freeport-McMoRan in a research report on Friday, April 24th. Argus upgraded shares of Freeport-McMoRan from a “hold” rating to a “buy” rating in a report on Friday, February 13th. Sanford C. Bernstein cut their target price on Freeport-McMoRan from $54.00 to $53.50 and set a “market perform” rating on the stock in a research report on Friday, April 24th. Finally, CICC Research decreased their price target on Freeport-McMoRan from $64.40 to $63.40 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $66.04.

View Our Latest Analysis on Freeport-McMoRan

About Freeport-McMoRan

(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.