Ieq Capital LLC Sells 36,653 Shares of Freeport-McMoRan Inc. $FCX

Posted by Brian Himes on Aug 22nd, 2026

Ieq Capital LLC lessened its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX – Free Report) by 4.1% during the second quarter, Holdings Channel.com reports. The firm owned 853,716 shares of the natural resource company’s stock after selling 36,653 shares during the quarter. Ieq Capital LLC’s holdings in Freeport-McMoRan were worth $53,690,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FCX. Strategic Investment Solutions Inc. IL acquired a new stake in Freeport-McMoRan in the fourth quarter valued at $25,000. Steph & Co. lifted its holdings in Freeport-McMoRan by 43.7% during the 1st quarter. Steph & Co. now owns 493 shares of the natural resource company’s stock worth $29,000 after buying an additional 150 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Freeport-McMoRan in the first quarter valued at about $29,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Freeport-McMoRan in the fourth quarter valued at about $29,000. Finally, SHP Wealth Management bought a new position in shares of Freeport-McMoRan during the fourth quarter worth about $30,000. Institutional investors own 80.77% of the company’s stock.

Insider Transactions at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Ellie L. Mikes sold 4,773 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $70.00, for a total value of $334,110.00. Following the transaction, the chief accounting officer owned 36,000 shares in the company, valued at approximately $2,520,000. This represents a 11.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Stephen T. Higgins sold 14,277 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $69.50, for a total value of $992,251.50. Following the completion of the sale, the chief accounting officer directly owned 54,618 shares of the company’s stock, valued at $3,795,951. This trade represents a 20.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 26,600 shares of company stock valued at $1,802,012 over the last ninety days. 0.73% of the stock is currently owned by corporate insiders.

Freeport-McMoRan Stock Up 7.7%

Shares of NYSE:FCX opened at $76.68 on Friday. Freeport-McMoRan Inc. has a 1 year low of $35.15 and a 1 year high of $77.33. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.07 and a quick ratio of 0.92. The business’s 50-day moving average is $64.55 and its 200-day moving average is $63.42. The company has a market capitalization of $110.11 billion, a price-to-earnings ratio of 37.77, a P/E/G ratio of 0.71 and a beta of 1.37.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last released its earnings results on Thursday, July 23rd. The natural resource company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.62 by $0.12. The business had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $6.62 billion. Freeport-McMoRan had a return on equity of 10.63% and a net margin of 11.39%.The firm’s revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. Equities research analysts predict that Freeport-McMoRan Inc. will post 2.79 earnings per share for the current year.

Freeport-McMoRan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Wednesday, July 15th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, July 15th. Freeport-McMoRan’s payout ratio is presently 14.78%.

Wall Street Analyst Weigh In

FCX has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on Freeport-McMoRan from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Wall Street Zen downgraded shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. raised their price target on shares of Freeport-McMoRan from $73.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. UBS Group boosted their price target on shares of Freeport-McMoRan from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Finally, Jefferies Financial Group upped their price objective on shares of Freeport-McMoRan from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Freeport-McMoRan has an average rating of “Moderate Buy” and an average price target of $70.27.

Get Our Latest Research Report on FCX

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.