National Pension Service Has $240.84 Million Holdings in Freeport-McMoRan Inc. $FCX

National Pension Service cut its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,829,627 shares of the natural resource company’s stock after selling 27,955 shares during the period. National Pension Service’s holdings in Freeport-McMoRan were worth $240,845,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FCX. Strategic Investment Solutions Inc. IL acquired a new position in Freeport-McMoRan in the fourth quarter worth $25,000. NBH Bank bought a new position in shares of Freeport-McMoRan in the second quarter valued at about $28,000. Steph & Co. raised its holdings in shares of Freeport-McMoRan by 43.7% in the first quarter. Steph & Co. now owns 493 shares of the natural resource company’s stock valued at $29,000 after buying an additional 150 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Freeport-McMoRan during the 1st quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Freeport-McMoRan during the 4th quarter worth about $29,000. 80.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Ellie Mikes sold 4,773 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $70.00, for a total value of $334,110.00. Following the completion of the transaction, the chief accounting officer owned 36,000 shares of the company’s stock, valued at $2,520,000. The trade was a 11.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lydia Kennard sold 3,798 shares of the company’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 completion of the sale, the director owned 122,702 shares of the company’s stock, valued at approximately $9,706,955.22. This represents a 3.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 110,398 shares of company stock valued at $8,387,271. 0.73% of the stock is owned by company insiders.

Freeport-McMoRan Trading Down 6.7%

NYSE FCX opened at $71.15 on Friday. Freeport-McMoRan Inc. has a 12 month low of $35.15 and a 12 month high of $80.24. The stock has a 50-day simple moving average of $67.41 and a 200 day simple moving average of $64.70. The company has a current ratio of 2.07, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $102.18 billion, a PE ratio of 35.05, a P/E/G ratio of 0.75 and a beta of 1.41.

Freeport-McMoRan (NYSE:FCX) last posted its earnings results on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.12. The company had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.62 billion. Freeport-McMoRan had a return on equity of 10.63% and a net margin of 11.39%.The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 EPS. Research analysts forecast that Freeport-McMoRan Inc. will post 2.81 EPS for the current year.

Freeport-McMoRan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th were issued a $0.075 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $0.30 annualized dividend and a yield of 0.4%. Freeport-McMoRan’s dividend payout ratio (DPR) is 14.78%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FCX shares. UBS Group raised their price objective on shares of Freeport-McMoRan from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Freedom Broker cut Freeport-McMoRan from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. Wells Fargo & Company lifted their price objective on Freeport-McMoRan from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Sanford C. Bernstein dropped their price objective on Freeport-McMoRan from $50.00 to $47.00 and set a “market perform” rating for the company in a report on Wednesday. Finally, BNP Paribas Exane upped their target price on shares of Freeport-McMoRan from $71.00 to $82.00 and gave the company an “outperform” rating in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.75.

More Freeport-McMoRan News

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

• Positive Sentiment: Longer term, Freeport-McMoRan remains positioned to benefit from strong copper demand tied to artificial-intelligence data centers, power-grid upgrades and renewable-energy infrastructure. Copper supply is also constrained by declining mine output, operational disruptions and smelter bottlenecks. Copper’s Record Rally Highlights a Deeper Supply Problem
• Positive Sentiment: Recent earnings demonstrated operating leverage: FCX reported quarterly earnings of $0.74 per share versus the $0.62 consensus estimate, while revenue also exceeded expectations. Analysts’ average rating remains Moderate Buy, with some price targets above the current trading level. Freeport-McMoRan earnings report
• Neutral Sentiment: Investors remain focused on whether the structural copper shortage can outweigh near-term demand weakness. Elevated prices have caused some buyers, particularly in China, to delay purchases, while copper inventories and trade flows remain sensitive to policy developments. Copper miners and oil market article
• Negative Sentiment: Uncertainty surrounding White House plans for copper tariffs triggered a broad pullback in copper-related equities, reversing part of the metal’s recent record rally. Rising Treasury yields, a stronger dollar and pressure across precious and industrial metals added to the selling. Freeport-McMoRan Stock Drops on Copper Tariff Uncertainty

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc is a global mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Copper is its principal product and is used in electrical wiring, construction, transportation, industrial equipment and renewable-energy technologies. The company also produces gold as a byproduct of its copper operations and molybdenum, an alloying metal used in steelmaking and other industrial applications.

Freeport-McMoRan operates major mining and processing assets in North America, South America and Indonesia.