MassMutual Private Wealth & Trust FSB boosted its position in Freeport-McMoRan Inc. (NYSE:FCX – Free Report) by 220.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,483 shares of the natural resource company’s stock after buying an additional 10,654 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Freeport-McMoRan were worth $974,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its holdings in Freeport-McMoRan by 98.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 19,973,108 shares of the natural resource company’s stock worth $1,014,434,000 after acquiring an additional 9,924,573 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Freeport-McMoRan by 31.2% during the fourth quarter. Franklin Resources Inc. now owns 37,353,852 shares of the natural resource company’s stock valued at $1,897,202,000 after acquiring an additional 8,891,743 shares in the last quarter. Amundi increased its holdings in shares of Freeport-McMoRan by 102.5% during the fourth quarter. Amundi now owns 14,211,579 shares of the natural resource company’s stock valued at $721,806,000 after acquiring an additional 7,192,955 shares in the last quarter. Bank of America Corp DE raised its position in shares of Freeport-McMoRan by 20.0% during the first 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 during the period. Finally, Janus Henderson Group PLC raised its position 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. 80.77% of the stock is owned by institutional investors.
Insider Transactions at Freeport-McMoRan
In related news, CAO Stephen T. Higgins sold 14,277 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $69.50, for a total transaction of $992,251.50. Following the transaction, the chief accounting officer directly owned 54,618 shares of the company’s stock, valued at approximately $3,795,951. This trade represents a 20.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Ellie L. Mikes sold 4,773 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $70.00, for a total value of $334,110.00. Following the completion of the sale, the chief accounting officer directly owned 36,000 shares of the company’s stock, valued at approximately $2,520,000. This trade represents a 11.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,600 shares of company stock worth $1,802,012 in the last 90 days. Company insiders own 0.73% of the company’s stock.
Freeport-McMoRan Trading Up 3.2%
Freeport-McMoRan (NYSE:FCX – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The natural resource company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. Freeport-McMoRan had a return on equity of 10.63% and a net margin of 11.39%.The firm had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The business’s revenue for the quarter was down 7.3% compared to the same quarter last year. Equities research analysts anticipate that Freeport-McMoRan Inc. will post 2.75 EPS for the current year.
Freeport-McMoRan Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th were issued a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Freeport-McMoRan’s dividend payout ratio is presently 14.78%.
Key Freeport-McMoRan News
Here are the key news stories impacting Freeport-McMoRan this week:
- Positive Sentiment: Analysts and industry coverage highlighted Freeport-McMoRan’s exposure to rising copper demand from electric vehicles, grid upgrades and data-center infrastructure. Freeport-McMoRan in Focus as Copper Demand From EVs and Grids Builds
- Positive Sentiment: FCX was identified as one of the copper stocks flashing a buy signal, alongside broader strength in industrial-metal and rare-earth equities. Retreating oil prices and reported progress toward reopening the Strait of Hormuz were viewed as supportive of global growth sentiment. FCX Flashes Buy Signal
- Positive Sentiment: Recent company updates pointed to higher copper and gold sales expected in the second half of 2026 and into 2027. Continued share repurchases—approximately 55.4 million shares bought for $2.2 billion since late 2021—could support earnings per share by reducing the share count. FCX Upgraded Copper-Gold Outlook and Ongoing Buybacks
- Positive Sentiment: Unusual options activity showed traders purchasing 75,145 FCX call options, about 30% above typical daily call volume, signaling increased speculative bullish interest.
- Neutral Sentiment: Zacks listed FCX among non-ferrous mining stocks worth watching for long-term growth despite a weak near-term industry outlook. Non-Ferrous Metal Mining Stocks to Watch
- Negative Sentiment: Freeport-McMoRan Chief Accounting Officer Ellie L. Mikes sold 4,773 shares for approximately $334,110, reducing her direct holdings by 11.71%. The transaction was disclosed in an SEC filing, although insider sales can reflect personal financial considerations and do not necessarily indicate a change in company fundamentals. SEC Insider Sale Filing
Analyst Upgrades and Downgrades
FCX has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Freeport-McMoRan from $73.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Freeport-McMoRan in a research note on Friday, May 15th. Citigroup reiterated a “positive” rating on shares of Freeport-McMoRan in a report on Wednesday, July 15th. Stifel Nicolaus boosted their target price on shares of Freeport-McMoRan from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada increased their price objective on Freeport-McMoRan from $70.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.27.
View Our Latest Analysis on FCX
Freeport-McMoRan Profile
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.
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