Freeport-McMoRan Inc. $FCX Stake Boosted by Traynor Capital Management Inc.

Traynor Capital Management Inc. lifted its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 5.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 340,261 shares of the natural resource company’s stock after acquiring an additional 16,455 shares during the quarter. Freeport-McMoRan makes up 1.1% of Traynor Capital Management Inc.’s portfolio, making the stock its 18th biggest holding. Traynor Capital Management Inc.’s holdings in Freeport-McMoRan were worth $23,818,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of FCX. NBH Bank purchased a new stake in shares of Freeport-McMoRan during the 2nd quarter worth about $28,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Freeport-McMoRan in the 1st quarter valued at approximately $29,000. Roxbury Financial LLC increased its holdings in Freeport-McMoRan by 196.5% in the second quarter. Roxbury Financial LLC now owns 593 shares of the natural resource company’s stock worth $37,000 after buying an additional 393 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Freeport-McMoRan during the first quarter valued at approximately $39,000. Finally, Center for Financial Planning Inc. lifted its stake in Freeport-McMoRan by 730.2% in the third quarter. Center for Financial Planning Inc. now owns 714 shares of the natural resource company’s stock valued at $50,000 after acquiring an additional 628 shares during the last quarter. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FCX has been the topic of several analyst reports. BMO Capital Markets increased their price target on shares of Freeport-McMoRan from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 29th. Weiss Ratings lowered shares of Freeport-McMoRan from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Erste Group Bank initiated coverage on shares of Freeport-McMoRan in a report on Thursday, August 27th. They issued a “buy” rating for the company. Barclays increased their target price on shares of Freeport-McMoRan from $83.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, October 19th. Finally, Scotiabank cut their target price on Freeport-McMoRan from $80.00 to $78.00 and set a “sector outperform” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $75.67.

Insider Transactions at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Ellie Mikes sold 4,773 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $70.00, for a total value of $334,110.00. Following the transaction, the chief accounting officer directly owned 36,000 shares in the company, valued at approximately $2,520,000. This trade represents a 11.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lydia Kennard sold 3,798 shares of Freeport-McMoRan 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 completion of the sale, the director directly owned 122,702 shares of the company’s stock, valued at $9,706,955.22. This trade represents a 3.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 102,848 shares of company stock worth $7,911,621 in the last quarter. 0.73% of the stock is owned by corporate insiders.

Freeport-McMoRan Price Performance

Shares of Freeport-McMoRan stock opened at $62.44 on Monday. The firm has a market cap of $89.67 billion, a P/E ratio of 26.24, a price-to-earnings-growth ratio of 0.57 and a beta of 1.38. The firm’s 50-day simple moving average is $71.59 and its 200-day simple moving average is $65.24. Freeport-McMoRan Inc. has a twelve month low of $38.54 and a twelve month high of $80.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 2.02.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings data on Tuesday, October 27th. The natural resource company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $7.36 billion. During the same period last year, the business earned $0.50 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. As a group, research analysts expect that Freeport-McMoRan Inc. will post 3.04 EPS for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The company 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. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.30 annualized dividend and a yield of 0.5%. Freeport-McMoRan’s dividend payout ratio is currently 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.