VestGen Advisors LLC Purchases 22,029 Shares of Freeport-McMoRan Inc. $FCX

VestGen Advisors LLC increased its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 63.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 57,016 shares of the natural resource company’s stock after purchasing an additional 22,029 shares during the period. VestGen Advisors LLC’s holdings in Freeport-McMoRan were worth $3,991,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FCX. Fifth Third Bancorp lifted its stake in Freeport-McMoRan by 34.5% during the first quarter. Fifth Third Bancorp now owns 1,062,916 shares of the natural resource company’s stock worth $62,478,000 after purchasing an additional 272,726 shares during the last quarter. Iowa State Bank raised its position in shares of Freeport-McMoRan by 50.7% during the third quarter. Iowa State Bank now owns 50,144 shares of the natural resource company’s stock valued at $3,510,000 after buying an additional 16,868 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Freeport-McMoRan by 4.6% in the second quarter. The Manufacturers Life Insurance Company now owns 2,687,524 shares of the natural resource company’s stock worth $169,018,000 after purchasing an additional 117,888 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Freeport-McMoRan by 1.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,970,872 shares of the natural resource company’s stock valued at $627,068,000 after acquiring an additional 141,738 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in Freeport-McMoRan by 17.1% during the 2nd quarter. HighTower Advisors LLC now owns 1,249,858 shares of the natural resource company’s stock worth $78,604,000 after buying an additional 182,714 shares during the last quarter. 80.77% of the stock is currently owned by institutional investors and hedge funds.

Freeport-McMoRan News Roundup

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

• Positive Sentiment: Freeport-McMoRan reported third-quarter revenue of approximately $7.55 billion and net income of $1.2 billion, up from $674 million a year earlier. Earnings exceeded analyst expectations, supported by stronger copper economics and improved margins. Freeport-McMoRan Q3 2026 Earnings
• Positive Sentiment: The company continues to advance its Grasberg recovery in Indonesia. Management highlighted rising production potential, leaching technology and expansion plans, with copper sales targeted at more than 4 billion pounds by 2028. This could provide significant future volume growth. FCX Q3 Earnings Call Highlights
• Positive Sentiment: Analyst support remains favorable: Wells Fargo reiterated an “overweight” or buy view, while UBS maintained its buy rating despite reducing its price target to $85 from $88. Goldman Sachs also raised its target to $83, and JPMorgan kept an overweight rating with a $90 target. Wells Fargo Buy Rating
• Neutral Sentiment: Freeport-McMoRan is considering increasing molybdenum production at its Colorado mine, which could diversify revenue, although no firm expansion decision was announced. Molybdenum Supply Plans
• Negative Sentiment: Freeport trimmed its copper-sales outlook as Grasberg recovery progresses, signaling that the operational rebound may take longer than investors expected. A post-earnings analysis also argued that FCX’s valuation already reflects much of the Grasberg improvement, increasing downside risk if execution disappoints. Freeport Trims Copper Sales Outlook
• Negative Sentiment: UBS, Wells Fargo and JPMorgan all lowered their price targets, even while retaining positive ratings. Higher interest rates and a stronger dollar could also pressure copper prices, mining valuations and FCX’s relatively elevated earnings multiple. UBS Adjusts FCX Price Target

Insiders Place Their Bets

In other news, CAO Stephen Higgins sold 14,277 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $69.50, for a total value of $992,251.50. Following the completion of the transaction, the chief accounting officer directly owned 54,618 shares in the company, valued at $3,795,951. This trade represents a 20.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Douglas Currault, II sold 80,000 shares of Freeport-McMoRan stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $78.56, for a total transaction of $6,284,800.00. Following the sale, the executive vice president owned 211,016 shares of the company’s stock, valued at approximately $16,577,416.96. The trade was a 27.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 102,848 shares of company stock valued at $7,911,621. 0.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays upped their price target on Freeport-McMoRan from $83.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, October 19th. Freedom Broker lowered shares of Freeport-McMoRan from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. Bank of America increased their target price on Freeport-McMoRan from $74.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Stifel Nicolaus upped their price target on shares of Freeport-McMoRan from $76.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, UBS Group cut their target price on Freeport-McMoRan from $88.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Freeport-McMoRan currently has an average rating of “Moderate Buy” and an average price target of $75.67.

Freeport-McMoRan Price Performance

Shares of NYSE:FCX opened at $66.16 on Friday. The company has a market capitalization of $95.01 billion, a PE ratio of 27.80, a PEG ratio of 0.59 and a beta of 1.39. The business has a fifty day moving average price of $71.77 and a 200-day moving average price of $65.22. Freeport-McMoRan Inc. has a 1-year low of $38.54 and a 1-year high of $80.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 0.92.

Freeport-McMoRan (NYSE:FCX) last posted its earnings results on Tuesday, October 27th. The natural resource company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. The business had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.36 billion. Freeport-McMoRan had a net margin of 13.03% and a return on equity of 12.09%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 EPS. As a group, equities analysts expect that Freeport-McMoRan Inc. will post 3.06 EPS for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 15th. Freeport-McMoRan’s dividend payout ratio is currently 14.78%.

About Freeport-McMoRan

Freeport-McMoRan Inc (NYSE: FCX) is a global mining company primarily engaged in the exploration, development, and production of copper. Copper is used extensively in electrical wiring, construction, transportation, renewable energy systems, and other industrial applications. The company also produces gold and molybdenum, a metal used in steelmaking and other industrial processes, as well as certain other byproducts.

Freeport-McMoRan operates a portfolio of mining and processing assets in North America, South America, and Indonesia.