Summit Global Investments Boosts Position in Freeport-McMoRan Inc. $FCX

Summit Global Investments grew its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 278.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 46,157 shares of the natural resource company’s stock after purchasing an additional 33,959 shares during the period. Summit Global Investments’ holdings in Freeport-McMoRan were worth $1,810,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Freeport-McMoRan by 89.4% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,569,169 shares of the natural resource company’s stock valued at $761,623,000 after acquiring an additional 8,292,873 shares in the last quarter. Mizuho Markets Cayman LP purchased a new position in Freeport-McMoRan in the second quarter valued at about $159,147,000. Crake Asset Management LLP raised its position in Freeport-McMoRan by 60.6% in the second quarter. Crake Asset Management LLP now owns 9,522,673 shares of the natural resource company’s stock valued at $412,808,000 after purchasing an additional 3,593,050 shares during the period. Voya Investment Management LLC lifted its stake in shares of Freeport-McMoRan by 289.0% during the third quarter. Voya Investment Management LLC now owns 3,844,504 shares of the natural resource company’s stock worth $150,781,000 after purchasing an additional 2,856,302 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Freeport-McMoRan by 205.0% in the second quarter. AQR Capital Management LLC now owns 4,186,621 shares of the natural resource company’s stock worth $181,490,000 after buying an additional 2,813,845 shares during the period. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FCX shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Freeport-McMoRan in a report on Thursday, January 22nd. Hsbc Global Res raised shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Wells Fargo & Company lifted their price objective on shares of Freeport-McMoRan from $55.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Jefferies Financial Group reissued a “buy” rating and set a $68.00 target price on shares of Freeport-McMoRan in a research report on Monday, January 5th. Finally, Dbs Bank lowered their price target on shares of Freeport-McMoRan from $51.00 to $48.00 in a report on Thursday, October 2nd. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.40.

More Freeport-McMoRan News

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

• Positive Sentiment: FCX reported a stronger-than-expected quarter (Q4 EPS $0.47 vs. $0.28 est.; revenue $5.63B), which reinforced earnings momentum and helped lift sentiment. Freeport Beats Profit Views As Grasberg Restart Plan Refocuses Investor Debate
• Positive Sentiment: Valuation bulls highlight a large upside: a recent analysis estimates intrinsic value substantially above the current share price, supporting buy-side narratives. Freeport-McMoRan Inc.’s (NYSE:FCX) Intrinsic Value Is Potentially 74% Above Its Share Price
• Positive Sentiment: Multiple analyst upgrades and bullish notes (Scotiabank, CICC and others) have lifted conviction and triggered buying interest from institutional investors. Freeport-McMoRan (NYSE:FCX) Trading 2.8% Higher on Analyst Upgrade
• Positive Sentiment: Unusual options activity: traders bought roughly 174,970 call contracts (?+65% vs. typical call volume), indicating speculative or hedged bullish positioning that can amplify near-term moves.
• Positive Sentiment: Macro tailwind: copper is rallying on structural demand (electrification, AI data centers) and tightening supply — Freeport, a large pure?play copper producer, stands to benefit from higher prices and margin leverage. Digging Into Demand: Copper’s Scarcity Premium Is Rising
• Positive Sentiment: Market action confirms momentum: FCX recently hit an all-time intraday high near $68.94, reflecting the combined impact of earnings, upgrades and copper strength. Freeport McMoRan stock hits all-time high at 68.94 USD
• Neutral Sentiment: Grasberg restart plan is back in focus; management commentary is shaping investor debate about timing and capital allocation, keeping forward guidance and production cadence somewhat uncertain. Freeport Beats Profit Views As Grasberg Restart Plan Refocuses Investor Debate
• Negative Sentiment: Operational risk remains: production at Grasberg was constrained after a late?2025 mudslide — that reduces near-term output (supporting copper prices) but is a direct company-level risk to volumes and near-term free cash flow. Digging Into Demand: Copper’s Scarcity Premium Is Rising

Freeport-McMoRan Stock Performance

Freeport-McMoRan stock opened at $65.08 on Friday. Freeport-McMoRan Inc. has a 52 week low of $27.66 and a 52 week high of $69.44. The company has a current ratio of 2.29, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock has a market cap of $93.45 billion, a P/E ratio of 43.10, a price-to-earnings-growth ratio of 0.76 and a beta of 1.45. The stock has a 50 day moving average of $51.64 and a 200-day moving average of $45.48.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings results on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.19. The business had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.42 billion. Freeport-McMoRan had a net margin of 8.50% and a return on equity of 8.50%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. On average, analysts expect that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be given a $0.075 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. Freeport-McMoRan’s payout ratio is presently 19.87%.

Insider Transactions at Freeport-McMoRan

In related news, CAO Stephen T. Higgins sold 28,423 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $47.99, for a total value of $1,364,019.77. Following the completion of the sale, the chief accounting officer directly owned 105,294 shares of the company’s stock, valued at $5,053,059.06. The trade was a 21.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Ellie L. Mikes sold 9,572 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $47.66, for a total value of $456,201.52. Following the transaction, the chief accounting officer directly owned 38,761 shares in the company, valued at approximately $1,847,349.26. This represents a 19.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.75% of the company’s stock.

About Freeport-McMoRan

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.