22,740 Shares of Freeport-McMoRan Inc. $FCX Acquired by Paragon Capital Management Inc.

Paragon Capital Management Inc. purchased a new position in shares of Freeport-McMoRan Inc. (NYSE:FCX) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,740 shares of the natural resource company’s stock, valued at approximately $1,592,000. Freeport-McMoRan comprises about 1.1% of Paragon Capital Management Inc.’s portfolio, making the stock its 26th largest position.

Other large investors have also modified their holdings of the company. State Street Corp boosted its stake in Freeport-McMoRan by 3.6% during the 2nd quarter. State Street Corp now owns 66,485,424 shares of the natural resource company’s stock valued at $4,181,268,000 after purchasing an additional 2,300,416 shares during the period. Bank of America Corp DE increased its stake in shares of Freeport-McMoRan by 20.0% in the first quarter. Bank of America Corp DE now owns 42,345,502 shares of the natural resource company’s stock valued at $2,489,069,000 after purchasing an additional 7,044,775 shares during the period. Wellington Management Group LLP increased its stake in shares of Freeport-McMoRan by 13.8% in the second quarter. Wellington Management Group LLP now owns 14,918,066 shares of the natural resource company’s stock valued at $938,197,000 after purchasing an additional 1,810,698 shares during the period. Amundi increased its stake in shares of Freeport-McMoRan by 10.5% in the second quarter. Amundi now owns 11,819,898 shares of the natural resource company’s stock valued at $743,353,000 after purchasing an additional 1,125,982 shares during the period. Finally, Jupiter Topco LLC bought a new stake in shares of Freeport-McMoRan during the second quarter valued at approximately $739,890,000. Institutional investors and hedge funds own 80.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BNP Paribas Exane lifted their price target on Freeport-McMoRan from $71.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. Wells Fargo & Company increased their price objective on Freeport-McMoRan from $70.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, October 6th. The Goldman Sachs Group restated a “buy” rating on shares of Freeport-McMoRan in a research report on Thursday, September 10th. Morgan Stanley raised their target price on Freeport-McMoRan from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 7th. Finally, Erste Group Bank assumed coverage on Freeport-McMoRan in a research note on Thursday, August 27th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $76.22.

Insider Transactions at Freeport-McMoRan

In other news, Director Lydia Kennard sold 3,798 shares of Freeport-McMoRan stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $79.11, for a total transaction of $300,459.78. Following the transaction, the director directly owned 122,702 shares in the company, valued at approximately $9,706,955.22. This trade represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Douglas 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 sale, the executive vice president directly owned 211,016 shares in the company, valued at $16,577,416.96. This represents a 27.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 110,398 shares of company stock valued at $8,387,271 in the last quarter. Company insiders own 0.73% of the company’s stock.

Key Freeport-McMoRan News

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

• Positive Sentiment: Strong copper-demand outlook: BlackRock World Mining Trust identified FCX as a major holding, citing long-term demand from global electrification, artificial intelligence infrastructure and the broader focus on critical minerals. This reinforces the investment case for Freeport as a major copper supplier. Freeport McMoRan Is A Major Holding In A Mining Trust
• Positive Sentiment: Higher profit forecasts: Scotiabank raised its FY2026 EPS estimate for FCX to $3.35 from $3.06 and its FY2027 forecast to $2.86 from $2.62. Erste Group also increased its FY2027 estimate to $4.32 from $4.00 and maintained a Buy rating, reflecting expectations for strong metal prices and cash generation. Analysts Raise Freeport-McMoRan Earnings Estimates
• Positive Sentiment: Potential earnings beat: FCX is among the copper and precious-metals companies viewed as likely to exceed third-quarter 2026 estimates, helped by elevated metal prices. Copper and Precious Metals Stocks Likely to Beat Q3 Estimates
• Neutral Sentiment: Production broadly on plan: Third-quarter copper and gold output was generally in line with expectations, but some Indonesian gold production shifted into the fourth quarter. That timing change may defer near-term revenue while potentially supporting the next quarter’s results. Freeport-McMoRan After Q3 Production Update
• Neutral Sentiment: Operational and valuation considerations: Coverage of the Grasberg disruption suggests the event could tighten copper supply, but it also highlights operating risk. Meanwhile, analysts question whether FCX’s sizable multiyear rally and roughly $70 share price already reflect optimistic copper and cash-flow assumptions. Does the Grasberg Halt Tighten Copper Supply?
• Negative Sentiment: Recent profit-taking: FCX recently declined more sharply than the broader market, and commentary suggests its rally may be losing momentum, increasing the likelihood of consolidation despite the favorable long-term copper outlook. Freeport-McMoRan Rally Looks Tired

Freeport-McMoRan Trading Up 0.5%

Freeport-McMoRan stock opened at $70.00 on Friday. Freeport-McMoRan Inc. has a 12-month low of $38.54 and a 12-month high of $80.24. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.07 and a quick ratio of 0.92. The stock has a market capitalization of $100.52 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 0.66 and a beta of 1.39. The firm has a 50 day simple moving average of $72.12 and a 200-day simple moving average of $66.60.

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

Freeport-McMoRan Announces Dividend

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