Lebenthal Global Advisors LLC Acquires 15,319 Shares of Freeport-McMoRan Inc. $FCX

Lebenthal Global Advisors LLC raised its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 179.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,846 shares of the natural resource company’s stock after buying an additional 15,319 shares during the period. Lebenthal Global Advisors LLC’s holdings in Freeport-McMoRan were worth $1,669,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FCX. Fifth Third Bancorp raised its stake in shares of Freeport-McMoRan by 34.5% in the first quarter. Fifth Third Bancorp now owns 1,062,916 shares of the natural resource company’s stock worth $62,478,000 after buying an additional 272,726 shares during the period. Iowa State Bank grew its stake in shares of Freeport-McMoRan by 50.7% during the 3rd quarter. Iowa State Bank now owns 50,144 shares of the natural resource company’s stock valued at $3,510,000 after acquiring an additional 16,868 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Freeport-McMoRan by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,687,524 shares of the natural resource company’s stock valued at $169,018,000 after acquiring an additional 117,888 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Freeport-McMoRan by 1.4% during the 2nd 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 period. Finally, HighTower Advisors LLC increased its holdings in Freeport-McMoRan by 17.1% in the 2nd quarter. HighTower Advisors LLC now owns 1,249,858 shares of the natural resource company’s stock worth $78,604,000 after acquiring an additional 182,714 shares in the last quarter. 80.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FCX has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their target price on shares of Freeport-McMoRan from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Wall Street Zen lowered shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Citigroup increased their price objective on shares of Freeport-McMoRan from $66.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Scotiabank reduced their price objective on shares of Freeport-McMoRan from $80.00 to $78.00 and set a “sector outperform” rating for the company in a research note on Wednesday. Finally, Bank of America raised their price objective on shares of Freeport-McMoRan from $74.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Freeport-McMoRan has a consensus rating of “Moderate Buy” and an average target price of $75.67.

Insider Activity at Freeport-McMoRan

In other news, Director Lydia H. Kennard sold 3,798 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $79.11, for a total value of $300,459.78. Following the transaction, the director owned 122,702 shares of the company’s stock, valued at approximately $9,706,955.22. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Douglas N. Currault II sold 80,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $78.56, for a total transaction of $6,284,800.00. Following the transaction, the executive vice president owned 211,016 shares of the company’s stock, valued at approximately $16,577,416.96. This represents a 27.49% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 102,848 shares of company stock valued at $7,911,621. Corporate insiders own 0.73% of the company’s stock.

Freeport-McMoRan Stock Performance

NYSE FCX opened at $62.44 on Friday. The company has a quick ratio of 0.92, a current ratio of 2.02 and a debt-to-equity ratio of 0.23. Freeport-McMoRan Inc. has a twelve month low of $38.54 and a twelve month high of $80.24. The business has a 50-day moving average price of $71.59 and a 200-day moving average price of $65.24. The firm has a market cap of $89.66 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 0.61 and a beta of 1.39.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Tuesday, October 27th. The natural resource company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.06. Freeport-McMoRan had a return on equity of 12.09% and a net margin of 13.03%. The company had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.36 billion. During the same quarter last year, the company earned $0.50 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts predict that Freeport-McMoRan Inc. will post 3.04 EPS for the current fiscal year.

Freeport-McMoRan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.0750 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is 12.61%.

Key Headlines Impacting Freeport-McMoRan

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

• Positive Sentiment: Freeport-McMoRan’s third-quarter results exceeded expectations, with earnings per share of roughly $0.81–$0.88 on $7.55 billion in revenue, supported by stronger copper economics and year-over-year revenue growth. The company’s Grasberg recovery is also advancing, which could improve production and cash flow over time. Freeport-McMoRan Q3 2026 Earnings
• Positive Sentiment: Wells Fargo reportedly maintained a Buy view on FCX, while UBS retained its Buy rating despite reducing its price target to $85 from $88. The targets remain above the recent trading level, indicating analysts still see potential upside if copper prices and Grasberg operations remain favorable. Freeport-McMoRan Receives a Buy from Wells Fargo UBS Adjusts Freeport-McMoRan Price Target
• Neutral Sentiment: FCX was included among non-ferrous mining stocks worth watching despite a weak near-term industry outlook. The list highlights the company’s growth potential but also underscores the challenging backdrop for metal producers. 5 Non-Ferrous Metal Mining Stocks to Watch
• Negative Sentiment: Freeport reduced its copper-sales outlook even as Grasberg recovery progresses. That combination raises concerns about near-term production, shipment timing and the pace at which the mine will contribute to results. Freeport Trims Copper Sales Outlook
• Negative Sentiment: UBS and Wells Fargo lowered their expectations for FCX’s share price, adding pressure after the stock’s strong run. A separate analysis argued that the anticipated Grasberg recovery may already be reflected in the valuation, with a relatively high earnings multiple leaving less room for disappointment. UBS Forecast for Freeport-McMoRan Freeport-McMoRan Q3 Analysis

Freeport-McMoRan Profile

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.