QRG Capital Management Inc. Acquires 100,475 Shares of Freeport-McMoRan Inc. $FCX

Posted by Brenda Bartman on Jul 4th, 2026

QRG Capital Management Inc. increased its holdings in Freeport-McMoRan Inc. (NYSE:FCX – Free Report) by 55.9% in the first quarter, HoldingsChannel.com reports. The fund owned 280,250 shares of the natural resource company’s stock after acquiring an additional 100,475 shares during the period. QRG Capital Management Inc.’s holdings in Freeport-McMoRan were worth $16,473,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC boosted its stake in shares of Freeport-McMoRan by 24.2% during the 4th quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company’s stock valued at $564,000 after purchasing an additional 2,882 shares in the last quarter. Bison Wealth LLC raised its stake in Freeport-McMoRan by 5.6% in the fourth quarter. Bison Wealth LLC now owns 9,616 shares of the natural resource company’s stock worth $366,000 after buying an additional 507 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Freeport-McMoRan in the second quarter worth about $560,000. Brown Advisory Inc. lifted its holdings in Freeport-McMoRan by 27.0% in the second quarter. Brown Advisory Inc. now owns 12,443 shares of the natural resource company’s stock worth $539,000 after buying an additional 2,648 shares during the period. Finally, Jump Financial LLC lifted its holdings in Freeport-McMoRan by 42.7% in the second quarter. Jump Financial LLC now owns 50,114 shares of the natural resource company’s stock worth $2,172,000 after buying an additional 14,992 shares during the period. Institutional investors own 80.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FCX shares. Barclays assumed coverage on Freeport-McMoRan in a research report on Thursday, May 21st. They set an “overweight” rating and a $77.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on Freeport-McMoRan from $76.00 to $73.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. HSBC lifted their price target on Freeport-McMoRan from $72.00 to $75.00 in a research report on Friday, June 12th. Citigroup reduced their price target on Freeport-McMoRan from $67.00 to $66.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Finally, Sanford C. Bernstein increased their price objective on Freeport-McMoRan from $53.50 to $58.50 and gave the stock a “market perform” rating in a report on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.36.

View Our Latest Stock Analysis on Freeport-McMoRan

Freeport-McMoRan Trading Down 0.1%

NYSE:FCX opened at $60.88 on Friday. The firm has a market capitalization of $87.52 billion, a P/E ratio of 32.38, a PEG ratio of 0.74 and a beta of 1.37. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.39 and a quick ratio of 1.13. Freeport-McMoRan Inc. has a one year low of $35.15 and a one year high of $72.28. The company’s 50-day simple moving average is $63.81 and its 200 day simple moving average is $61.24.

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

Freeport-McMoRan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be paid a $0.075 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. Freeport-McMoRan’s dividend payout ratio is presently 15.96%.

Freeport-McMoRan 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.