Freeport-McMoRan Inc. $FCX Position Boosted by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Freeport-McMoRan Inc. (NYSE:FCX) by 97.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 206,276 shares of the natural resource company’s stock after purchasing an additional 101,893 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Freeport-McMoRan were worth $8,090,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FCX. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Freeport-McMoRan by 89.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,569,169 shares of the natural resource company’s stock valued at $761,623,000 after buying an additional 8,292,873 shares during the period. Mizuho Markets Cayman LP purchased a new position in shares of Freeport-McMoRan during the 2nd quarter valued at $159,147,000. Crake Asset Management LLP grew its holdings in shares of Freeport-McMoRan by 60.6% during the 2nd quarter. Crake Asset Management LLP now owns 9,522,673 shares of the natural resource company’s stock valued at $412,808,000 after acquiring an additional 3,593,050 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of Freeport-McMoRan by 289.0% in the third quarter. Voya Investment Management LLC now owns 3,844,504 shares of the natural resource company’s stock worth $150,781,000 after acquiring an additional 2,856,302 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Freeport-McMoRan by 205.0% during the second quarter. AQR Capital Management LLC now owns 4,186,621 shares of the natural resource company’s stock worth $181,490,000 after acquiring an additional 2,813,845 shares in the last quarter. 80.77% of the stock is owned by hedge funds and other institutional investors.

Freeport-McMoRan Price Performance

Shares of Freeport-McMoRan stock opened at $59.29 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $53.65 and a 200-day simple moving average of $46.06. The stock has a market capitalization of $85.14 billion, a price-to-earnings ratio of 39.27, a PEG ratio of 0.72 and a beta of 1.47. Freeport-McMoRan Inc. has a 1-year low of $27.66 and a 1-year high of $69.44.

Freeport-McMoRan (NYSE:FCX) last announced its earnings results on Thursday, January 22nd. The natural resource company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.28 by $0.19. The firm had revenue of $5.63 billion for 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%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. On average, sell-side analysts expect that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current year.

Freeport-McMoRan Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Thursday, January 15th were given 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 of this dividend was Thursday, January 15th. Freeport-McMoRan’s payout ratio is currently 19.87%.

Insider Activity

In related news, CAO Stephen T. Higgins sold 28,423 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $47.99, for a total transaction of $1,364,019.77. Following the completion of the sale, the chief accounting officer owned 105,294 shares in the company, valued at $5,053,059.06. This represents a 21.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Ellie L. Mikes sold 9,572 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $47.66, for a total value of $456,201.52. Following the completion of the sale, the chief accounting officer directly owned 38,761 shares in the company, valued at $1,847,349.26. This trade represents a 19.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.75% of the stock is currently owned by insiders.

Freeport-McMoRan News Roundup

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

• Positive Sentiment: Zacks Research raised earnings estimates across multiple quarters and for FY2028, lifting Q1–Q3 and Q1–Q2 ’27 EPS forecasts (e.g., Q1 2027 to $0.63, Q2 2027 to $0.78) — a fundamental upgrade that supports higher future earnings expectations. Read More.
• Positive Sentiment: An analyst price target was increased about 10.45% (to $62.23), signaling some sell-side confidence in near-term upside. Read More.
• Positive Sentiment: News coverage highlights Freeport benefiting from record copper prices and a focus on disciplined growth — a supportive commodity backdrop for revenues and cash flow. Read More.
• Neutral Sentiment: Valuation articles are reviewing FCX after the rally — these pieces raise awareness of higher multiples and make the stock’s risk/reward more debated among investors. That increases sensitivity to any near-term earnings or copper-price swings. Read More.
• Negative Sentiment: Analyst/commentary pieces urging caution (e.g., “waiting for a better entry point”) reflect a portion of the market taking profits or avoiding exposure at current levels, which can pressure the share price despite positive fundamentals. Read More.

Wall Street Analyst Weigh In

A number of research analysts have commented on FCX shares. JPMorgan Chase & Co. boosted their target price on Freeport-McMoRan from $58.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. Jefferies Financial Group reiterated a “buy” rating and set a $68.00 price target on shares of Freeport-McMoRan in a report on Monday, January 5th. BNP Paribas Exane lowered their price target on Freeport-McMoRan from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. Citigroup raised their price objective on shares of Freeport-McMoRan from $48.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Finally, Sanford C. Bernstein cut shares of Freeport-McMoRan from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $53.50 to $54.00 in a research note on Friday, January 23rd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $58.40.

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.