Freeport-McMoRan Inc. $FCX Stock: Soltis Investment Advisors LLC Decreases Position

Soltis Investment Advisors LLC lessened its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 30.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,252 shares of the natural resource company’s stock after selling 20,513 shares during the period. Soltis Investment Advisors LLC’s holdings in Freeport-McMoRan were worth $3,238,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Choreo LLC grew its holdings in shares of Freeport-McMoRan by 5.0% in the third quarter. Choreo LLC now owns 36,381 shares of the natural resource company’s stock worth $2,547,000 after purchasing an additional 1,739 shares during the last quarter. Interchange Capital Partners LLC raised its holdings in Freeport-McMoRan by 109.7% during the 3rd quarter. Interchange Capital Partners LLC now owns 13,652 shares of the natural resource company’s stock valued at $956,000 after buying an additional 7,142 shares during the last quarter. TOWER TRUST & INVESTMENT Co raised its holdings in Freeport-McMoRan by 1.3% during the 3rd quarter. TOWER TRUST & INVESTMENT Co now owns 12,177 shares of the natural resource company’s stock valued at $852,000 after buying an additional 157 shares during the last quarter. D.A. Davidson & CO. boosted its position in Freeport-McMoRan by 1.0% during the 3rd quarter. D.A. Davidson & CO. now owns 324,442 shares of the natural resource company’s stock valued at $22,711,000 after buying an additional 3,333 shares during the period. Finally, Hanseatic Management Services Inc. boosted its position in Freeport-McMoRan by 2.6% during the 3rd quarter. Hanseatic Management Services Inc. now owns 21,681 shares of the natural resource company’s stock valued at $1,518,000 after buying an additional 543 shares during the period. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Freeport-McMoRan Stock Performance

Shares of FCX stock opened at $62.44 on Friday. The firm has a market capitalization of $89.66 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 0.61 and a beta of 1.39. The stock has a fifty day moving average of $71.59 and a 200 day moving average of $65.24. Freeport-McMoRan Inc. has a 52 week low of $38.54 and a 52 week high of $80.24. The company has a quick ratio of 0.92, a current ratio of 2.02 and a debt-to-equity ratio of 0.23.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings data on Tuesday, October 27th. The natural resource company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. Freeport-McMoRan had a net margin of 13.03% and a return on equity of 12.09%. The business had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.36 billion. During the same period in the previous year, the firm earned $0.50 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, research analysts expect that Freeport-McMoRan Inc. will post 3.04 earnings per share for the current year.

Freeport-McMoRan Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 0.5%. Freeport-McMoRan’s payout ratio is currently 12.61%.

Insider Activity at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Stephen T. Higgins sold 14,277 shares of the firm’s stock in a transaction dated 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 in the company, valued at $3,795,951. This trade represents a 20.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Douglas N. Currault II sold 80,000 shares of Freeport-McMoRan stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $78.56, for a total value of $6,284,800.00. Following the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 102,848 shares of company stock worth $7,911,621 over the last ninety days. Corporate insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Freedom Broker lowered shares of Freeport-McMoRan from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. Weiss Ratings upgraded shares of Freeport-McMoRan from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Bank of America increased their target price on shares of Freeport-McMoRan from $74.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Erste Group Bank assumed coverage on Freeport-McMoRan in a research note on Thursday, August 27th. They issued a “buy” rating on the stock. Finally, Scotiabank reduced their price target on Freeport-McMoRan from $80.00 to $78.00 and set a “sector outperform” rating on the stock in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.67.

Key Headlines Impacting Freeport-McMoRan

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

• Positive Sentiment: Freeport-McMoRan’s third-quarter results exceeded expectations, with earnings per share of roughly $0.81–$0.88 on $7.55 billion in revenue, supported by stronger copper economics and year-over-year revenue growth. The company’s Grasberg recovery is also advancing, which could improve production and cash flow over time. Freeport-McMoRan Q3 2026 Earnings
• Positive Sentiment: Wells Fargo reportedly maintained a Buy view on FCX, while UBS retained its Buy rating despite reducing its price target to $85 from $88. The targets remain above the recent trading level, indicating analysts still see potential upside if copper prices and Grasberg operations remain favorable. Freeport-McMoRan Receives a Buy from Wells Fargo UBS Adjusts Freeport-McMoRan Price Target
• Neutral Sentiment: FCX was included among non-ferrous mining stocks worth watching despite a weak near-term industry outlook. The list highlights the company’s growth potential but also underscores the challenging backdrop for metal producers. 5 Non-Ferrous Metal Mining Stocks to Watch
• Negative Sentiment: Freeport reduced its copper-sales outlook even as Grasberg recovery progresses. That combination raises concerns about near-term production, shipment timing and the pace at which the mine will contribute to results. Freeport Trims Copper Sales Outlook
• Negative Sentiment: UBS and Wells Fargo lowered their expectations for FCX’s share price, adding pressure after the stock’s strong run. A separate analysis argued that the anticipated Grasberg recovery may already be reflected in the valuation, with a relatively high earnings multiple leaving less room for disappointment. UBS Forecast for Freeport-McMoRan Freeport-McMoRan Q3 Analysis

Freeport-McMoRan Profile

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.