Leibman Financial Services Inc. Lowers Holdings in Freeport-McMoRan Inc. $FCX

Leibman Financial Services Inc. reduced its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 11.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,900 shares of the natural resource company’s stock after selling 10,645 shares during the quarter. Freeport-McMoRan comprises approximately 2.5% of Leibman Financial Services Inc.’s holdings, making the stock its 16th largest position. Leibman Financial Services Inc.’s holdings in Freeport-McMoRan were worth $3,369,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Pure Financial Advisors LLC lifted its position in shares of Freeport-McMoRan by 7.9% in the third quarter. Pure Financial Advisors LLC now owns 6,474 shares of the natural resource company’s stock worth $254,000 after buying an additional 475 shares in the last quarter. Annex Advisory Services LLC increased its stake in Freeport-McMoRan by 4.8% in the 3rd quarter. Annex Advisory Services LLC now owns 961,212 shares of the natural resource company’s stock worth $37,699,000 after acquiring an additional 44,313 shares during the last quarter. Ethic Inc. increased its stake in Freeport-McMoRan by 13.8% in the 3rd quarter. Ethic Inc. now owns 36,105 shares of the natural resource company’s stock worth $1,416,000 after acquiring an additional 4,378 shares during the last quarter. Sowell Financial Services LLC raised its holdings in shares of Freeport-McMoRan by 62.0% during the 3rd quarter. Sowell Financial Services LLC now owns 25,115 shares of the natural resource company’s stock worth $985,000 after acquiring an additional 9,615 shares in the last quarter. Finally, Deprince Race & Zollo Inc. boosted its position in shares of Freeport-McMoRan by 6.7% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 960,877 shares of the natural resource company’s stock valued at $37,686,000 after acquiring an additional 60,049 shares during the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Wall Street Analysts Forecast Growth

FCX has been the subject of several recent research reports. Royal Bank Of Canada dropped their price target on Freeport-McMoRan from $54.00 to $48.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 1st. BNP Paribas Exane decreased their price objective on shares of Freeport-McMoRan from $58.00 to $56.00 and set an “outperform” rating for the company in a report on Friday, December 5th. JPMorgan Chase & Co. raised their target price on shares of Freeport-McMoRan from $50.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, December 5th. Dbs Bank lowered their target price on Freeport-McMoRan from $51.00 to $48.00 in a report on Thursday, October 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $53.00 target price on shares of Freeport-McMoRan in a research report on Monday, December 15th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Freeport-McMoRan has a consensus rating of “Buy” and an average price target of $49.49.

Insider Activity

In related news, CAO Ellie L. Mikes sold 9,572 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $47.66, for a total value of $456,201.52. Following the completion of the sale, the chief accounting officer owned 38,761 shares of the company’s stock, valued at approximately $1,847,349.26. This represents a 19.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Stephen T. Higgins sold 28,423 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $47.99, for a total value of $1,364,019.77. Following the transaction, the chief accounting officer owned 105,294 shares of the company’s stock, valued at approximately $5,053,059.06. This represents a 21.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.79% of the company’s stock.

Freeport-McMoRan Stock Performance

Shares of FCX stock opened at $51.44 on Tuesday. The company has a current ratio of 2.45, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $43.75 and its two-hundred day moving average is $43.20. The company has a market capitalization of $73.86 billion, a P/E ratio of 36.22, a P/E/G ratio of 1.20 and a beta of 1.49. Freeport-McMoRan Inc. has a 12-month low of $27.66 and a 12-month high of $53.76.

Freeport-McMoRan (NYSE:FCX) last announced its earnings results on Thursday, October 23rd. The natural resource company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.09. Freeport-McMoRan had a net margin of 7.97% and a return on equity of 7.84%. The business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.74 billion. During the same quarter last year, the business earned $0.38 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts expect that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, January 15th. Freeport-McMoRan’s payout ratio is currently 21.13%.

Freeport-McMoRan News Roundup

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

• Positive Sentiment: Zacks: FCX has jumped ~35% over the past three months on a surge in copper prices and reported progress at the Grasberg mine, which supports earnings and cash flow expectations. Freeport Stock Rises 35% in 3 Months: What’s Driving the Rally?
• Positive Sentiment: InsiderMonkey: Short‑term gains as copper pushed to fresh highs lifted FCX (up ~8% in a recent week), underscoring commodity exposure as the main bullish catalyst. Freeport-McMoRan (FCX) Climbs 8% on Copper Jump to Fresh High
• Neutral Sentiment: InsiderMonkey included FCX on a list of holiday “big winners,” reflecting strong market interest but not new company‑specific news. Big Winners: 10 Stocks Refusing to take a Holiday
• Negative Sentiment: Yahoo Finance: Company insiders sold roughly US$2.2M of FCX shares recently — a signal some investors read as management hesitation and a potential headwind for sentiment. Freeport-McMoRan Insiders Sold US$2.2m Of Shares Suggesting Hesitancy
• Negative Sentiment: Multiple law firms (Levi & Korsinsky, Schall, Frank R. Cruz, Bronstein Gewirtz & Grossman, Robbins Geller, Faruqi & Faruqi, etc.) have announced or are soliciting plaintiffs in class‑action suits alleging securities violations related to FCX for the Feb‑2022 to Sep‑2025 period — a cluster of filings that increases legal uncertainty and could pressure the stock until resolved. Representative notice: Shareholders that lost money on Freeport-McMoRan Inc.(FCX) Urged to Join Class Action – Contact Levi & Korsinsky to Learn More
• Negative Sentiment: Benzinga technical note: shares have stalled near the ~$53 resistance area and analysts warn of a potential short‑term sell‑off if momentum fails to hold — increasing the chance of profit‑taking after the recent rally. Stock Of The Day – Is Freeport-McMoRan About To Sell-off?

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc is a U.S.-based natural resources company primarily engaged in the exploration, mining and processing of copper, gold and molybdenum. Its operations encompass large-scale open-pit and underground mining as well as associated concentrator and milling facilities. The company produces copper in the form of concentrates and cathodes, and also recovers gold and molybdenum as co-products; its business model includes exploration, development, mining, beneficiation and the sale of bulk commodities to smelters and industrial customers.

Freeport-McMoRan conducts operations and development activities across multiple geographies, with substantial assets in the Americas and Indonesia.