Freeport-McMoRan Inc. $FCX Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its position in Freeport-McMoRan Inc. (NYSE:FCX) by 16.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 258,331 shares of the natural resource company’s stock after acquiring an additional 36,662 shares during the period. Teacher Retirement System of Texas’ holdings in Freeport-McMoRan were worth $13,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. West Michigan Advisors LLC acquired a new position in shares of Freeport-McMoRan in the 4th quarter valued at $219,000. Confluence Wealth Services Inc. acquired a new position in shares of Freeport-McMoRan in the 4th quarter valued at $202,000. HB Wealth Management LLC increased its position in shares of Freeport-McMoRan by 24.0% in the 4th quarter. HB Wealth Management LLC now owns 59,890 shares of the natural resource company’s stock valued at $3,042,000 after acquiring an additional 11,610 shares during the period. Kingswood Wealth Advisors LLC increased its position in shares of Freeport-McMoRan by 13.3% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 39,720 shares of the natural resource company’s stock valued at $2,017,000 after acquiring an additional 4,660 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Freeport-McMoRan by 13.9% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 935,211 shares of the natural resource company’s stock valued at $47,633,000 after acquiring an additional 114,065 shares during the period. 80.77% of the stock is owned by institutional investors and hedge funds.

Freeport-McMoRan News Roundup

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

• Positive Sentiment: Q1 beat and cash support — FCX reported stronger‑than‑expected Q1 results (EPS $0.57 vs. ~$0.47 est.) with revenue up ~8.7% YoY; management noted higher realized commodity prices and a ~$700M insurance payment that helped results. Freeport-McMoRan: Less Copper Supply Isn’t All Bad
• Positive Sentiment: Analyst upgrade — UBS raised its price target to $74 and kept a Buy rating, signaling upside based on commodity outlook and valuation. UBS Lifts Price Target on Freeport-McMoRan to $74
• Neutral Sentiment: Market/valuation debate — Several pieces question whether current share price already reflects copper optimism and the recent volatility; investors should weigh the outlook for copper prices vs. reduced volumes. Is Freeport-McMoRan (FCX) Pricing Fully Reflects Recent Copper Optimism And Share Volatility
• Neutral Sentiment: Company materials and call — The earnings presentation and transcript are available for review (useful for guidance detail, cost outlook and timing for Grasberg ramp). Freeport-McMoRan Inc. (FCX) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Grasberg production setbacks — Management cut 2026 copper sales guidance (roughly a 300M lb reduction cited) after a slower Grasberg ramp following last year’s incident; lower volumes directly pressure near‑term revenue and triggered the sell‑off. Freeport McMoRan falls as Grasberg delay cuts 2026 output outlook
• Negative Sentiment: Analyst downgrades and target cuts — Multiple firms trimmed targets or ratings (Morgan Stanley downgraded to Equal Weight and cut its PT; others cut targets or estimates), increasing near‑term selling pressure despite some boutiques still bullish. Morgan Stanley Downgrades Freeport-McMoRan Bernstein Adjusts Price Target on Freeport-McMoRan
• Negative Sentiment: Stock reaction — The market punished FCX on the combination of the production cut and uncertain Grasberg timing (reports of a ~10% intraday drop were published), showing sensitivity to volume risk even with strong commodity prices. Freeport-McMoRan (FCX) Stock Plunges 10% After Slashing Production Forecasts

Freeport-McMoRan Price Performance

NYSE:FCX opened at $61.12 on Friday. Freeport-McMoRan Inc. has a one year low of $34.45 and a one year high of $70.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.05 and a current ratio of 2.39. The firm has a market cap of $87.83 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 0.71 and a beta of 1.48. The firm’s fifty day moving average is $62.47 and its two-hundred day moving average is $53.78.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings results on Thursday, April 23rd. The natural resource company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.47 by $0.10. Freeport-McMoRan had a net margin of 10.34% and a return on equity of 9.88%. The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same period in the prior year, the company earned $0.24 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. Research analysts expect that Freeport-McMoRan Inc. will post 2.54 EPS for the current year.

Freeport-McMoRan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, April 15th. Freeport-McMoRan’s dividend payout ratio is presently 19.87%.

Insider Buying and Selling

In other news, Chairman Richard C. Adkerson sold 152,960 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $64.65, for a total transaction of $9,888,864.00. Following the sale, the chairman directly owned 3,356,159 shares of the company’s stock, valued at $216,975,679.35. This represents a 4.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Stephen T. Higgins sold 29,654 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $63.00, for a total transaction of $1,868,202.00. Following the sale, the chief accounting officer directly owned 76,445 shares in the company, valued at approximately $4,816,035. The trade was a 27.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 565,145 shares of company stock valued at $35,839,918 in the last 90 days. 0.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FCX. Deutsche Bank Aktiengesellschaft cut their target price on Freeport-McMoRan from $72.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday. Sanford C. Bernstein cut their target price on Freeport-McMoRan from $54.00 to $53.50 and set a “market perform” rating on the stock in a research report on Friday. Freedom Capital raised shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a report on Saturday, February 21st. The Goldman Sachs Group started coverage on shares of Freeport-McMoRan in a report on Thursday, April 2nd. They issued a “buy” rating and a $70.00 price target on the stock. Finally, Jefferies Financial Group set a $75.00 price target on shares of Freeport-McMoRan in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.66.

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.