Gamco Investors INC. ET AL Sells 35,621 Shares of Freeport-McMoRan Inc. $FCX

Gamco Investors INC. ET AL decreased its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 947,760 shares of the natural resource company’s stock after selling 35,621 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Freeport-McMoRan were worth $48,137,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Freeport-McMoRan by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 130,332,957 shares of the natural resource company’s stock valued at $6,619,611,000 after buying an additional 1,572,769 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Freeport-McMoRan by 1.4% during the 3rd quarter. Fisher Asset Management LLC now owns 63,258,414 shares of the natural resource company’s stock valued at $2,480,995,000 after buying an additional 899,699 shares in the last quarter. State Street Corp lifted its holdings in Freeport-McMoRan by 1.1% during the 3rd quarter. State Street Corp now owns 62,477,910 shares of the natural resource company’s stock valued at $2,450,384,000 after buying an additional 690,736 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Freeport-McMoRan by 190.9% during the 3rd quarter. Wellington Management Group LLP now owns 36,494,793 shares of the natural resource company’s stock valued at $1,431,326,000 after buying an additional 23,950,557 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Freeport-McMoRan by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 21,671,223 shares of the natural resource company’s stock valued at $849,945,000 after buying an additional 435,963 shares in the last quarter. Institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan News Summary

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

• Positive Sentiment: Industry outlook pieces highlighted Freeport-McMoRan as a beneficiary of rising copper demand tied to AI infrastructure, power grids, and energy projects, which supports the longer-term investment case for FCX. Zacks Industry Outlook Highlights Southern Copper, Freeport-McMoRan and Lundin Mining
• Positive Sentiment: FCX was also mentioned in “best mining stocks” and “stocks to watch” lists, reflecting continued investor interest and a favorable view of its growth potential despite near-term industry headwinds. Freeport-McMoRan (FCX): The Best American Mining Stock to Buy Right Now
• Positive Sentiment: Analyst commentary noted that Citi and Jefferies remain constructive on FCX even after modest price-target cuts, indicating Wall Street still sees upside potential. Freeport-McMoRan (FCX): The Best American Mining Stock to Buy Right Now
• Neutral Sentiment: Freeport-McMoRan’s presentation at the Bank of America Global Metals, Mining & Steel Conference may provide investors with updates on strategy and operations, but no new catalyst was indicated in the headline. Freeport-McMoRan Inc. (FCX) Presents at Bank of America Global Metals, Mining & Steel Conference 2026 Transcript
• Negative Sentiment: The main near-term overhang is the reduced 2026 copper sales outlook after Grasberg disruptions, which directly affects production expectations and is likely weighing on FCX shares. Grasberg Disruptions Weigh on FCX’s Q1 Volumes: What Lies Ahead?

Freeport-McMoRan Trading Up 0.0%

NYSE:FCX opened at $63.02 on Monday. Freeport-McMoRan Inc. has a one year low of $35.15 and a one year high of $70.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.13 and a current ratio of 2.39. The firm has a market cap of $90.60 billion, a P/E ratio of 33.52, a P/E/G ratio of 0.76 and a beta of 1.32. The firm has a 50-day simple moving average of $61.45 and a 200-day simple moving average of $55.78.

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

Freeport-McMoRan Announces Dividend

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

Insider Activity

In other news, CAO Ellie L. Mikes sold 11,000 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $62.03, for a total value of $682,330.00. Following the completion of the sale, the chief accounting officer owned 40,773 shares in the company, valued at approximately $2,529,149.19. The trade was a 21.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Stephen T. Higgins sold 29,654 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief accounting officer owned 76,445 shares of the company’s stock, valued at approximately $4,816,035. This represents a 27.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. CICC Research decreased their price objective on shares of Freeport-McMoRan from $64.40 to $63.40 and set an “outperform” rating for the company in a report on Tuesday, April 28th. Scotiabank decreased their price objective on shares of Freeport-McMoRan from $71.00 to $67.00 and set a “sector perform” rating for the company in a report on Friday, April 24th. Wells Fargo & Company decreased their price objective on shares of Freeport-McMoRan from $77.00 to $68.00 and set an “overweight” rating for the company in a report on Friday, April 24th. JPMorgan Chase & Co. decreased their price objective on shares of Freeport-McMoRan from $76.00 to $73.00 and set an “overweight” rating for the company in a report on Monday, April 27th. Finally, Jefferies Financial Group set a $75.00 price objective on shares of Freeport-McMoRan in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Freeport-McMoRan presently has an average rating of “Moderate Buy” and a consensus price target of $65.14.

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.