9,944 Freeport-McMoRan Inc. $FCX Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. decreased its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 52.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,897 shares of the natural resource company’s stock after selling 9,944 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Freeport-McMoRan were worth $623,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FCX. Csenge Advisory Group grew its position in shares of Freeport-McMoRan by 20.7% during the third quarter. Csenge Advisory Group now owns 51,722 shares of the natural resource company’s stock valued at $3,621,000 after purchasing an additional 8,884 shares in the last quarter. New York Life Investment Management LLC increased its holdings in shares of Freeport-McMoRan by 0.4% in the third quarter. New York Life Investment Management LLC now owns 214,678 shares of the natural resource company’s stock worth $15,027,000 after purchasing an additional 782 shares during the last quarter. 71 West Capital Partners lifted its position in shares of Freeport-McMoRan by 2.6% in the third quarter. 71 West Capital Partners now owns 11,337 shares of the natural resource company’s stock worth $794,000 after buying an additional 287 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Freeport-McMoRan in the third quarter worth about $26,101,000. Finally, Gryphon Financial Partners LLC lifted its position in shares of Freeport-McMoRan by 2.8% in the third quarter. Gryphon Financial Partners LLC now owns 8,221 shares of the natural resource company’s stock worth $575,000 after buying an additional 224 shares in the last quarter. 80.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group dropped their price target on Freeport-McMoRan from $88.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Erste Group Bank initiated coverage on Freeport-McMoRan in a research note on Thursday, August 27th. They issued a “buy” rating on the stock. Freedom Broker decreased their price objective on Freeport-McMoRan from $75.00 to $68.00 and set a “hold” rating on the stock in a report on Monday, November 2nd. Citigroup increased their target price on Freeport-McMoRan from $66.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, October 5th. Finally, Scotiabank lowered their target price on Freeport-McMoRan from $80.00 to $78.00 and set a “sector outperform” rating for the company in a research report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.30.

Freeport-McMoRan News Roundup

Investors following FCX have been watching these news items:

• Positive Sentiment: Argus Research reaffirmed its Buy rating, maintaining a favorable view of Freeport-McMoRan. Argus Research Reaffirms Their Buy Rating on Freeport-McMoRan
• Positive Sentiment: Zacks Research raised several quarterly and annual EPS forecasts, including FY2027 to $3.90 from $3.47 and FY2028 to $4.14 from $3.41. The higher projections point to stronger expected earnings and may support investor sentiment; its FY2026 estimate is $3.14, versus a stated consensus of $3.03. Freeport-McMoRan analyst estimates
• Neutral Sentiment: A Motley Fool comparison says Freeport-McMoRan has performed well this year but considers a copper-miners ETF as an alternative way to invest in the sector. This highlights a diversification option rather than a company-specific change in outlook. Freeport-McMoRan vs. a Copper ETF

Insider Buying and Selling

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

Freeport-McMoRan Stock Performance

Freeport-McMoRan stock opened at $60.50 on Friday. The company’s 50-day moving average price is $68.77 and its 200-day moving average price is $65.29. Freeport-McMoRan Inc. has a twelve month low of $38.85 and a twelve month high of $80.24. The company has a quick ratio of 0.91, a current ratio of 2.02 and a debt-to-equity ratio of 0.23. The company has a market cap of $86.88 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 0.57 and a beta of 1.38.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings results on Tuesday, October 27th. The natural resource company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.06. Freeport-McMoRan had a net margin of 13.03% and a return on equity of 12.09%. The firm had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.36 billion. During the same quarter last year, the firm earned $0.50 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities research analysts forecast that Freeport-McMoRan Inc. will post 3.05 EPS for the current fiscal year.

Freeport-McMoRan Dividend Announcement

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

Freeport-McMoRan Profile

Freeport-McMoRan Inc. is a mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Its products serve industries including construction, manufacturing, electronics and energy. The company operates mines and related facilities in North America, South America and Indonesia. Its assets include the Grasberg minerals district in Indonesia and copper operations in the United States, Peru and Chile. Freeport-McMoRan traces its roots to Freeport Sulphur Company, founded in 1912, and has since developed into a major international mining business.