9,177 Shares of Freeport-McMoRan Inc. $FCX Bought by Leo Wealth LLC

Posted by Stanley Muller on Oct 28th, 2026

Leo Wealth LLC purchased a new stake in Freeport-McMoRan Inc. (NYSE:FCX – Free Report) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 9,177 shares of the natural resource company’s stock, valued at approximately $642,000.

Several other institutional investors also recently bought and sold shares of FCX. Apollon Wealth Management LLC boosted its position in Freeport-McMoRan by 27.8% during the third quarter. Apollon Wealth Management LLC now owns 56,310 shares of the natural resource company’s stock worth $3,942,000 after acquiring an additional 12,250 shares during the last quarter. Hedeker Wealth LLC grew its stake in Freeport-McMoRan by 0.7% during the 3rd quarter. Hedeker Wealth LLC now owns 68,662 shares of the natural resource company’s stock valued at $4,806,000 after acquiring an additional 505 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in Freeport-McMoRan by 0.8% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 34,644 shares of the natural resource company’s stock valued at $2,425,000 after acquiring an additional 277 shares in the last quarter. Brandywine Oak Private Wealth LLC acquired a new stake in Freeport-McMoRan in the 3rd quarter valued at about $202,000. Finally, Signaturefd LLC raised its holdings in Freeport-McMoRan by 6.1% in the 3rd quarter. Signaturefd LLC now owns 36,543 shares of the natural resource company’s stock valued at $2,558,000 after acquiring an additional 2,086 shares during the last quarter. 80.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FCX. Stifel Nicolaus raised their target price on shares of Freeport-McMoRan from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Morgan Stanley upped their price target on Freeport-McMoRan from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 7th. Weiss Ratings upgraded Freeport-McMoRan from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Bank of America increased their price target on Freeport-McMoRan from $74.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, Citigroup lifted their price objective on Freeport-McMoRan from $66.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $76.27.

View Our Latest Stock Analysis on FCX

Freeport-McMoRan Trading Up 1.2%

Shares of FCX opened at $65.92 on Wednesday. Freeport-McMoRan Inc. has a 12-month low of $38.54 and a 12-month high of $80.24. The firm has a 50-day moving average price of $71.82 and a 200 day moving average price of $65.11. The firm has a market capitalization of $94.66 billion, a P/E ratio of 32.47 and a beta of 1.39.

Freeport-McMoRan (NYSE:FCX – Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The natural resource company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.06. The firm had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.36 billion. During the same quarter in the previous year, the business posted $0.50 earnings per share. Freeport-McMoRan’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts predict that Freeport-McMoRan Inc. will post 3.05 earnings per share for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a $0.0750 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. Freeport-McMoRan’s dividend payout ratio is 14.78%.

Insider Activity

In other news, CAO Ellie Mikes sold 4,773 shares of Freeport-McMoRan stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $70.00, for a total transaction of $334,110.00. Following the sale, the chief accounting officer owned 36,000 shares of the company’s stock, valued at approximately $2,520,000. The trade was a 11.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Stephen Higgins sold 14,277 shares of the company’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 transaction, the chief accounting officer owned 54,618 shares in the company, valued at $3,795,951. This represents a 20.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 110,398 shares of company stock worth $8,387,271. Corporate insiders own 0.73% of the company’s stock.

Key Freeport-McMoRan News

Here are the key news stories impacting Freeport-McMoRan this week:

Positive Sentiment: Q3 earnings and revenue exceeded expectations. Freeport-McMoRan reported adjusted earnings of $0.88 per share, above the $0.82 consensus estimate, while revenue increased 8.2% year over year to $7.55 billion, surpassing the $7.36 billion forecast. Net income rose to approximately $1.2 billion from $674 million a year earlier. Freeport-McMoRan Q3 Net Income Rises to $1.2 Billion From $674 Million
Positive Sentiment: Higher copper and molybdenum prices drove the beat. Copper prices were reported to be roughly 40% above year-ago levels, helping offset weaker sales volumes and supporting revenue, margins and profitability. FCX Q3 Earnings Beat Estimates on Strong Copper Pricing
Positive Sentiment: Grasberg recovery and copper-supply concerns provide longer-term support. Management discussed continued recovery efforts at Indonesia’s Grasberg operation, while the chairman warned that global demand will require significantly more copper amid tight future supplies. Freeport tops profit estimates on copper rally as Grasberg recovery continues
Neutral Sentiment: Analyst sentiment improved. Freeport-McMoRan’s consensus price target was reportedly raised by 10.53%, reflecting increased confidence following the earnings beat, though commodity-price assumptions remain influential. Freeport-McMoRan consensus price target raised
Negative Sentiment: Operational headwinds temper the positive reaction. Production and sales volumes declined at Indonesian operations, costs increased, and gold sales fell sharply. These issues could pressure margins if copper prices retreat or the Grasberg recovery takes longer than expected. Freeport-McMoRan rises after Q3 earnings topper despite lower production and rising costs

About Freeport-McMoRan

(Free Report)

Freeport-McMoRan Inc (NYSE: FCX) is a global mining company primarily engaged in the exploration, development, and production of copper. Copper is used extensively in electrical wiring, construction, transportation, renewable energy systems, and other industrial applications. The company also produces gold and molybdenum, a metal used in steelmaking and other industrial processes, as well as certain other byproducts.

Freeport-McMoRan operates a portfolio of mining and processing assets in North America, South America, and Indonesia.