Freeport-McMoRan Inc. $FCX Shares Acquired by Nvwm LLC

Nvwm LLC increased its position in Freeport-McMoRan Inc. (NYSE:FCX) by 68.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,800 shares of the natural resource company’s stock after acquiring an additional 11,333 shares during the period. Nvwm LLC’s holdings in Freeport-McMoRan were worth $1,946,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp grew its stake in Freeport-McMoRan by 34.5% in the 1st quarter. Fifth Third Bancorp now owns 1,062,916 shares of the natural resource company’s stock valued at $62,478,000 after acquiring an additional 272,726 shares during the last quarter. Iowa State Bank increased its holdings in Freeport-McMoRan by 50.7% during the 3rd quarter. Iowa State Bank now owns 50,144 shares of the natural resource company’s stock valued at $3,510,000 after acquiring an additional 16,868 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Freeport-McMoRan by 1.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,970,872 shares of the natural resource company’s stock worth $627,068,000 after acquiring an additional 141,738 shares during the last quarter. HighTower Advisors LLC raised its position in Freeport-McMoRan by 17.1% during the second quarter. HighTower Advisors LLC now owns 1,249,858 shares of the natural resource company’s stock worth $78,604,000 after acquiring an additional 182,714 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Freeport-McMoRan by 4.6% during the second quarter. The Manufacturers Life Insurance Company now owns 2,687,524 shares of the natural resource company’s stock worth $169,018,000 after acquiring an additional 117,888 shares during the last quarter. 80.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FCX. Barclays upped their price target on shares of Freeport-McMoRan from $82.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, October 6th. Bank of America raised their price objective on shares of Freeport-McMoRan from $74.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Wells Fargo & Company lifted their price objective on Freeport-McMoRan from $70.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 6th. 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. Finally, BNP Paribas Exane upped their target price on Freeport-McMoRan from $71.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, June 18th. One research 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. Based on data from MarketBeat, Freeport-McMoRan currently has an average rating of “Moderate Buy” and an average price target of $76.22.

Freeport-McMoRan Trading Down 3.8%

Shares of FCX stock opened at $69.65 on Thursday. The firm has a 50-day moving average price of $72.09 and a 200 day moving average price of $66.50. Freeport-McMoRan Inc. has a twelve month low of $38.54 and a twelve month high of $80.24. The company has a market capitalization of $100.01 billion, a price-to-earnings ratio of 34.31, a PEG ratio of 0.68 and a beta of 1.39. The company has a current ratio of 2.07, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings results on Thursday, July 23rd. The natural resource company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.12. The business had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.62 billion. Freeport-McMoRan had a net margin of 11.39% and a return on equity of 10.63%. The company’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. Research analysts forecast that Freeport-McMoRan Inc. will post 2.90 earnings per share for the current fiscal year.

Freeport-McMoRan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be given a dividend of $0.0750 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Freeport-McMoRan’s dividend payout ratio (DPR) is 14.78%.

Insider Activity

In other Freeport-McMoRan news, EVP Douglas N. Currault II sold 80,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $78.56, for a total value of $6,284,800.00. Following the completion of the transaction, the executive vice president directly owned 211,016 shares in the company, valued at approximately $16,577,416.96. The trade was a 27.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Ellie L. Mikes sold 4,773 shares of the stock in a transaction 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 directly owned 36,000 shares in the company, valued at approximately $2,520,000. This represents a 11.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 110,398 shares of company stock valued at $8,387,271 over the last quarter. Insiders own 0.73% of the company’s stock.

Freeport-McMoRan News Roundup

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

• Positive Sentiment: Higher earnings forecasts: Scotiabank raised its FY2026 EPS estimate to $3.35 from $3.06 and its FY2027 estimate to $2.86 from $2.62. Erste Group also increased its FY2026 forecast to $3.10 from $3.05 and its FY2027 estimate to $4.32 from $4.00. Erste maintained a “Buy” rating. These revisions suggest analysts see improving earnings potential, likely tied to copper-market conditions and operating expectations. Analyst earnings estimate updates
• Positive Sentiment: Potentially tighter copper supply: Coverage of a halt at Freeport’s Grasberg operation is examining whether reduced supply could tighten the copper market and support prices, which would benefit Freeport’s realized pricing and cash flow if sustained. Grasberg halt and copper supply article
• Neutral Sentiment: Dividend remains unchanged: Freeport is scheduled to pay a quarterly dividend of $0.07 on November 2. The payment provides modest shareholder income but is unlikely to be a major near-term catalyst. Freeport quarterly dividend announcement
• Negative Sentiment: Momentum concerns: Market commentary characterizes FCX’s rally as tired and anticipates consolidation, increasing the likelihood of near-term profit-taking. A separate report noted the stock fell more sharply than the overall market, indicating additional company-specific or sector-related selling pressure. Freeport-McMoRan rally and consolidation analysis

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc (NYSE: FCX) is a leading international mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Copper is its principal product and is used in electrical systems, construction, transportation, renewable energy infrastructure and other industrial applications. The company also produces copper cathodes and concentrates, gold, molybdenum products and certain quantities of silver and other byproducts.

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