Kassira Wealth Management LLC Buys New Position in Freeport-McMoRan Inc. $FCX

Kassira Wealth Management LLC purchased a new stake in Freeport-McMoRan Inc. (NYSE:FCX) during the third quarter, HoldingsChannel.com reports. The fund purchased 15,333 shares of the natural resource company’s stock, valued at approximately $1,073,000.

Other institutional investors have also recently bought and sold shares of the company. TOWER TRUST & INVESTMENT Co increased its position in shares of Freeport-McMoRan by 1.3% during the third quarter. TOWER TRUST & INVESTMENT Co now owns 12,177 shares of the natural resource company’s stock worth $852,000 after acquiring an additional 157 shares in the last quarter. Richardson Financial Services Inc. raised its holdings in shares of Freeport-McMoRan by 11.6% during the second quarter. Richardson Financial Services Inc. now owns 1,539 shares of the natural resource company’s stock worth $97,000 after acquiring an additional 160 shares during the period. Breakwater Capital Group raised its holdings in shares of Freeport-McMoRan by 1.0% during the third quarter. Breakwater Capital Group now owns 15,930 shares of the natural resource company’s stock worth $1,115,000 after acquiring an additional 160 shares during the period. Signature Wealth Management Partners LLC raised its holdings in shares of Freeport-McMoRan by 1.4% during the third quarter. Signature Wealth Management Partners LLC now owns 12,271 shares of the natural resource company’s stock worth $859,000 after acquiring an additional 166 shares during the period. Finally, Fiduciary Financial Group LLC raised its holdings in shares of Freeport-McMoRan by 2.6% during the second quarter. Fiduciary Financial Group LLC now owns 6,788 shares of the natural resource company’s stock worth $427,000 after acquiring an additional 173 shares during the period. Institutional investors own 80.77% of the company’s stock.

Key Freeport-McMoRan News

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

Insider Buying and Selling

In related news, Director Lydia H. Kennard sold 3,798 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were 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. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Douglas N. 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 transaction of $6,284,800.00. Following the transaction, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 102,848 shares of company stock worth $7,911,621. 0.73% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FCX has been the topic of several research reports. Morgan Stanley boosted their price objective on shares of Freeport-McMoRan from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 7th. JPMorgan Chase & Co. lowered their target price on Freeport-McMoRan from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday. The Goldman Sachs Group reissued a “buy” rating on shares of Freeport-McMoRan in a research note on Thursday, September 10th. Scotiabank dropped their price target on Freeport-McMoRan from $80.00 to $78.00 and set a “sector outperform” rating on the stock in a research note on Wednesday. Finally, Citigroup boosted their price target on Freeport-McMoRan from $66.00 to $84.00 and gave the company a “buy” rating in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $75.67.

Freeport-McMoRan Stock Performance

Shares of NYSE FCX opened at $62.44 on Friday. The stock has a 50 day moving average price of $71.59 and a 200 day moving average price 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 debt-to-equity ratio of 0.23, a quick ratio of 0.92 and a current ratio of 2.02. The stock has a market capitalization of $89.67 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 0.57 and a beta of 1.39.

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

Freeport-McMoRan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a $0.0750 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 15th. Freeport-McMoRan’s dividend payout ratio is presently 12.61%.

About Freeport-McMoRan

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.