Freeport-McMoRan Inc. $FCX Shares Newly Purchased by B.A. Schrock Wealth Management Inc.

B.A. Schrock Wealth Management Inc. acquired a new position in shares of Freeport-McMoRan Inc. (NYSE:FCX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,912 shares of the natural resource company’s stock, valued at approximately $825,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fifth Third Bancorp lifted its holdings in Freeport-McMoRan by 34.5% in the first quarter. Fifth Third Bancorp now owns 1,062,916 shares of the natural resource company’s stock valued at $62,478,000 after buying an additional 272,726 shares during the period. Iowa State Bank grew 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 worth $3,510,000 after acquiring an additional 16,868 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Freeport-McMoRan by 1.4% during the 2nd 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 period. HighTower Advisors LLC raised its position in shares of Freeport-McMoRan by 17.1% in the 2nd 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 in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Freeport-McMoRan by 4.6% in the 2nd 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 in the last quarter. 80.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Freeport-McMoRan

In related news, CAO Stephen Higgins sold 14,277 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $69.50, for a total value of $992,251.50. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lydia Kennard sold 3,798 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $79.11, for a total value of $300,459.78. Following the completion of the transaction, the director owned 122,702 shares in the company, valued at approximately $9,706,955.22. This represents a 3.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 110,398 shares of company stock valued at $8,387,271 over the last ninety days. Company insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

FCX has been the topic of a number of recent analyst reports. Freedom Broker downgraded Freeport-McMoRan from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. raised their target price on Freeport-McMoRan from $77.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. UBS Group raised their target price on Freeport-McMoRan from $77.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. Weiss Ratings upgraded Freeport-McMoRan from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen lowered Freeport-McMoRan from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.22.

Trending Headlines about Freeport-McMoRan

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 and FY2027 forecast to $4.32; Erste maintains a “Buy” rating. The revisions suggest analysts see potential for stronger copper prices, production, or profitability. MarketBeat analyst estimate updates
• Positive Sentiment: Potentially tighter copper supply: A halt at Grasberg could restrict copper production and tighten global supply, potentially supporting copper prices and Freeport-McMoRan’s realized pricing. However, the benefit depends on how long the disruption lasts and the company’s ability to restore operations. Does the Grasberg Halt Tighten Copper Supply?
• Neutral Sentiment: Dividend remains unchanged: Freeport-McMoRan is scheduled to pay a quarterly dividend of $0.07 on November 2. The payment supports shareholder returns but is unlikely to be a major catalyst given its modest yield. Freeport-McMoRan quarterly dividend
• Negative Sentiment: Technical momentum is fading: Commentary that FCX’s rally appears tired and that consolidation may be likely is encouraging investors to lock in gains after the stock’s strong run toward its 52-week high. Freeport-McMoRan rally looks tired
• Negative Sentiment: Operational uncertainty and broader-market weakness: The Grasberg halt raises concerns about production, costs, and the timing of any recovery. FCX also underperformed the broader market in the latest session, indicating risk reduction in a volatile, high-beta mining stock. Freeport-McMoRan falls more steeply than the broader market

Freeport-McMoRan Stock Down 3.8%

FCX stock opened at $69.65 on Thursday. The stock’s 50 day simple moving average is $72.09 and its 200 day simple moving average is $66.50. The company has a market cap of $100.01 billion, a P/E ratio of 34.31, a price-to-earnings-growth ratio of 0.68 and a beta of 1.39. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 2.07. Freeport-McMoRan Inc. has a fifty-two week low of $38.54 and a fifty-two week high of $80.24.

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

Freeport-McMoRan Dividend Announcement

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

Freeport-McMoRan 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.