Pinnacle Associates Ltd. Increases Position in Freeport-McMoRan Inc. $FCX

Pinnacle Associates Ltd. raised its position in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 3.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 230,543 shares of the natural resource company’s stock after buying an additional 7,590 shares during the period. Pinnacle Associates Ltd.’s holdings in Freeport-McMoRan were worth $11,709,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FCX. JPL Wealth Management LLC acquired a new position in Freeport-McMoRan during the 3rd quarter worth about $33,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Freeport-McMoRan in the 3rd quarter valued at about $36,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Freeport-McMoRan during the fourth quarter worth about $38,000. Grey Fox Wealth Advisors LLC purchased a new stake in Freeport-McMoRan during the third quarter worth about $39,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Freeport-McMoRan during the fourth quarter worth about $43,000. 80.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Freeport-McMoRan news, CAO Stephen T. Higgins sold 29,654 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $63.00, for a total transaction of $1,868,202.00. Following the sale, the chief accounting officer owned 76,445 shares of the company’s stock, valued at approximately $4,816,035. This trade represents a 27.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Ellie L. Mikes sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $62.03, for a total transaction of $682,330.00. Following the sale, the chief accounting officer owned 40,773 shares of the company’s stock, valued at $2,529,149.19. This represents a 21.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.75% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FCX shares. Morgan Stanley restated an “equal weight” rating and issued a $66.00 price objective (down from $70.00) on shares of Freeport-McMoRan in a report on Friday, April 24th. Bank of America raised their price target on shares of Freeport-McMoRan from $68.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Weiss Ratings upgraded Freeport-McMoRan from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Scotiabank decreased their target price on Freeport-McMoRan from $71.00 to $67.00 and set a “sector perform” rating for the company in a report on Friday, April 24th. Finally, Argus upgraded Freeport-McMoRan from a “hold” rating to a “buy” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.14.

Freeport-McMoRan Price Performance

Freeport-McMoRan stock opened at $66.08 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28. The company has a fifty day simple moving average of $61.51 and a 200-day simple moving average of $55.63. The stock has a market cap of $94.97 billion, a P/E ratio of 35.15, a price-to-earnings-growth ratio of 0.81 and a beta of 1.32. Freeport-McMoRan Inc. has a 12-month low of $35.15 and a 12-month high of $70.96.

Freeport-McMoRan (NYSE:FCX) last posted its 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. Freeport-McMoRan had a return on equity of 9.88% and a net margin of 10.34%.The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same quarter in the prior year, the company posted $0.24 earnings per share. Freeport-McMoRan’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities analysts expect that Freeport-McMoRan Inc. will post 2.56 EPS for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, April 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is 15.96%.

Freeport-McMoRan News Summary

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

• Positive Sentiment: FCX continues to be viewed as a growth-oriented name in the non-ferrous metals space, with Zacks highlighting it as one of the stocks worth watching despite a challenging industry backdrop. 3 Non-Ferrous Metal Mining Stocks to Watch in a Challenging Industry
• Positive Sentiment: Analysts still broadly lean constructive on Freeport-McMoRan, with consensus coverage described as “Moderate Buy” and prior commentary calling FCX a strong growth stock. Here’s Why Freeport-McMoRan (FCX) is a Strong Growth Stock
• Neutral Sentiment: FCX is trending among investors, suggesting elevated attention ahead of potential catalysts, but the articles do not point to a specific new fundamental development. Freeport-McMoRan Inc. (FCX) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Zacks said Grasberg disruptions hurt Q1 volumes and led FCX to cut its 2026 copper sales outlook, a direct headwind for earnings expectations. Grasberg Disruptions Weigh on FCX’s Q1 Volumes: What Lies Ahead?
• Negative Sentiment: Citi and Jefferies both lowered their price targets on Freeport-McMoRan, which can weigh on sentiment even though both firms kept positive ratings. Freeport-McMoRan (FCX): The Best American Mining Stock to Buy Right Now

Freeport-McMoRan Company 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.