National Wealth Management Group LLC Makes New $763,000 Investment in Freeport-McMoRan Inc. $FCX

National Wealth Management Group LLC bought a new stake in Freeport-McMoRan Inc. (NYSE:FCX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 15,029 shares of the natural resource company’s stock, valued at approximately $763,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Freeport-McMoRan during the 3rd quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in Freeport-McMoRan during the second quarter valued at approximately $28,000. Salomon & Ludwin LLC raised its position in Freeport-McMoRan by 1,962.9% during the third quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock valued at $29,000 after purchasing an additional 687 shares in the last quarter. JPL Wealth Management LLC bought a new stake in Freeport-McMoRan during the third quarter worth $33,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Freeport-McMoRan during the third quarter worth $36,000. Institutional investors own 80.77% of the company’s stock.

Trending Headlines about Freeport-McMoRan

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

• Positive Sentiment: Board declares quarterly cash dividend of $0.15/share (base $0.075 + variable $0.075) payable May 1 to holders of record April 15; variable component signals management confidence in cash flow and can lift income-focused demand. Freeport Declares Quarterly Cash Dividends on Common Stock
• Positive Sentiment: Industrial metals prices are rising after reports the U.S. is pushing a diplomatic effort to end the Middle East war; higher commodity prices typically support Freeport’s revenue and margins. Industrial metals rise as U.S. launches diplomatic push to end Middle East war
• Positive Sentiment: Brokerage coverage remains constructive—FCX has been given an average rating of “Moderate Buy,” supporting investor interest and buy-side flows. Freeport-McMoRan Given Average Rating of “Moderate Buy”
• Positive Sentiment: Analyst/commentary pieces frame recent pullbacks as buying opportunities (e.g., “The Drawdown Is A Gift”), which can encourage accumulation from value-oriented investors. The Drawdown Is A Gift
• Neutral Sentiment: Market wrap pieces note FCX has outperformed the broader market in recent sessions; useful for momentum context but largely descriptive rather than catalyst-driven. Freeport-McMoRan Outperforms Broader Market
• Negative Sentiment: Ongoing geopolitical risk (Iran/Middle East war) has previously pressured FCX and is cited as a reason the stock is viewed as a “fallen angel” by some—re-escalation could quickly reverse recent gains. FCX among ‘fallen angel’ stocks impacted by Iran war

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FCX shares. BNP Paribas Exane lifted their price target on Freeport-McMoRan from $56.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. UBS Group upped their price objective on Freeport-McMoRan from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Bank of America raised their price objective on Freeport-McMoRan from $68.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Freedom Capital upgraded Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Finally, JPMorgan Chase & Co. boosted their target price on Freeport-McMoRan from $58.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.59.

Insider Activity

In related news, Chairman Richard C. Adkerson sold 152,960 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $64.65, for a total value of $9,888,864.00. Following the completion of the transaction, the chairman owned 3,356,159 shares in the company, valued at $216,975,679.35. This trade represents a 4.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Douglas N. Currault II sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $64.52, for a total transaction of $4,839,000.00. Following the completion of the transaction, the executive vice president owned 219,181 shares of the company’s stock, valued at approximately $14,141,558.12. This trade represents a 25.49% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 565,145 shares of company stock valued at $35,839,918. 0.75% of the stock is currently owned by company insiders.

Freeport-McMoRan Stock Up 1.1%

Shares of NYSE:FCX opened at $57.12 on Thursday. Freeport-McMoRan Inc. has a 52-week low of $27.66 and a 52-week high of $69.75. The company has a market capitalization of $82.09 billion, a PE ratio of 37.83, a price-to-earnings-growth ratio of 0.66 and a beta of 1.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 2.29. The company has a fifty day moving average of $61.47 and a 200-day moving average of $50.53.

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

Freeport-McMoRan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, April 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is presently 19.87%.

Freeport-McMoRan 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.