Great Lakes Advisors LLC Has $60.84 Million Stock Holdings in Freeport-McMoRan Inc. $FCX

Great Lakes Advisors LLC grew its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 8.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,551,258 shares of the natural resource company’s stock after buying an additional 115,285 shares during the quarter. Great Lakes Advisors LLC’s holdings in Freeport-McMoRan were worth $60,840,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FCX. Steigerwald Gordon & Koch Inc. bought a new position in Freeport-McMoRan during the 3rd quarter worth about $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Freeport-McMoRan in the second quarter valued at about $28,000. Salomon & Ludwin LLC boosted its position in shares of Freeport-McMoRan by 1,962.9% during the third quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock worth $29,000 after buying an additional 687 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Freeport-McMoRan during the third quarter worth about $36,000. Finally, Proffitt & Goodson Inc. raised its position in Freeport-McMoRan by 39.8% in the 3rd quarter. Proffitt & Goodson Inc. now owns 977 shares of the natural resource company’s stock valued at $38,000 after buying an additional 278 shares during the last quarter. Institutional investors own 80.77% of the company’s stock.

Insider Buying and Selling

In related news, CAO Ellie L. Mikes sold 9,572 shares of the stock in a transaction 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 sale, the chief accounting officer owned 38,761 shares in the company, valued at approximately $1,847,349.26. This represents a 19.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen T. Higgins sold 28,423 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $47.99, for a total value of $1,364,019.77. Following the sale, the chief accounting officer directly owned 105,294 shares of the company’s stock, valued at $5,053,059.06. This represents a 21.26% decrease in their position. The SEC filing for this sale provides additional information. 0.79% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FCX shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $68.00 price target on shares of Freeport-McMoRan in a research note on Monday, January 5th. UBS Group increased their target price on shares of Freeport-McMoRan from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Freeport-McMoRan in a research note on Thursday, January 22nd. Scotiabank boosted their price target on shares of Freeport-McMoRan from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, CICC Research increased their price objective on shares of Freeport-McMoRan from $50.40 to $64.40 and gave the stock an “outperform” rating in a research note on Monday. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.40.

Freeport-McMoRan News Summary

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

• Positive Sentiment: Analyst upgrades from Scotiabank lifted the stock outlook and helped buying interest. Freeport-McMoRan (NYSE:FCX) Stock Price Expected to Rise, Scotiabank Analyst Says
• Positive Sentiment: CICC Research also raised its view, adding to the upgrade-driven momentum that traders are buying into. Freeport-McMoRan (NYSE:FCX) Stock Price Expected to Rise, CICC Research Analyst Says
• Positive Sentiment: Coverage of the upgrades pushed FCX to intraday strength and a fresh 52‑week high, reinforcing momentum trading flows. Freeport-McMoRan (NYSE:FCX) Hits New 52-Week High on Analyst Upgrade
• Positive Sentiment: Freeport’s Q4 results beat estimates (Q4 EPS $0.47 vs. $0.28 est.; revenue $5.63B), showing leverage to higher copper prices and supporting cash‑flow upside if prices hold. Freeport-McMoRan: What the Future Could Hold After a 70% Rebound
• Neutral Sentiment: Market narratives about a structural copper shortage (AI, electrification, shrinking supply) are enhancing sector interest and benefit pure‑play copper names like FCX; this is a macro tailwind rather than company‑specific news.
• Neutral Sentiment: Investor attention/flow: Zacks pieces highlight FCX as a momentum/trending stock, which can amplify short‑term moves but does not change fundamentals. Here’s Why Freeport-McMoRan (FCX) is a Strong Momentum Stock
• Negative Sentiment: Operational risk remains: the Grasberg mudslide reduced output in 2025 and limits near‑term volumes; production uncertainty can keep a premium on copper but also creates volatility for FCX results. Freeport-McMoRan: What the Future Could Hold After a 70% Rebound
• Negative Sentiment: Valuation and near‑term copper risk: some forecasters (e.g., Goldman/S&P‑cited views) expect pressure on copper near term and the consensus price target implies limited upside from current levels — meaning upside depends heavily on sustained commodity prices.

Freeport-McMoRan Stock Up 1.3%

Freeport-McMoRan stock opened at $63.67 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.29 and a quick ratio of 1.05. The company’s 50-day moving average is $51.13 and its 200-day moving average is $45.34. The firm has a market capitalization of $91.42 billion, a PE ratio of 42.17, a P/E/G ratio of 0.76 and a beta of 1.45. Freeport-McMoRan Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $64.67.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.19. The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.42 billion. Freeport-McMoRan had a net margin of 8.50% and a return on equity of 8.50%. Freeport-McMoRan’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. Sell-side analysts anticipate that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current year.

Freeport-McMoRan Cuts Dividend

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

Freeport-McMoRan Company Profile

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.