Nisa Investment Advisors LLC Sells 33,178 Shares of Freeport-McMoRan Inc. $FCX

Nisa Investment Advisors LLC trimmed its position in Freeport-McMoRan Inc. (NYSE:FCX) by 10.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 275,106 shares of the natural resource company’s stock after selling 33,178 shares during the period. Nisa Investment Advisors LLC’s holdings in Freeport-McMoRan were worth $10,790,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Freeport-McMoRan by 89.4% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,569,169 shares of the natural resource company’s stock worth $761,623,000 after buying an additional 8,292,873 shares during the last quarter. Mizuho Markets Cayman LP bought a new position in Freeport-McMoRan in the second quarter worth approximately $159,147,000. Crake Asset Management LLP boosted its stake in shares of Freeport-McMoRan by 60.6% during the 2nd quarter. Crake Asset Management LLP now owns 9,522,673 shares of the natural resource company’s stock worth $412,808,000 after acquiring an additional 3,593,050 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Freeport-McMoRan by 289.0% during the 3rd quarter. Voya Investment Management LLC now owns 3,844,504 shares of the natural resource company’s stock worth $150,781,000 after acquiring an additional 2,856,302 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Freeport-McMoRan by 205.0% during the 2nd quarter. AQR Capital Management LLC now owns 4,186,621 shares of the natural resource company’s stock valued at $181,490,000 after acquiring an additional 2,813,845 shares during the period. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Raymond James Financial raised their target price on Freeport-McMoRan from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Wednesday, December 31st. Bank of America raised Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Tuesday, September 30th. HSBC lowered their price objective on Freeport-McMoRan from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Morgan Stanley reissued an “overweight” rating and issued a $53.00 target price on shares of Freeport-McMoRan in a report on Monday, December 15th. Finally, BMO Capital Markets lifted their price target on shares of Freeport-McMoRan from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, December 16th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $51.73.

Insider Buying and Selling at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Stephen T. Higgins sold 28,423 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $47.99, for a total transaction of $1,364,019.77. Following the completion of the transaction, the chief accounting officer owned 105,294 shares of the company’s stock, valued at $5,053,059.06. This represents a 21.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Ellie L. Mikes sold 9,572 shares of the firm’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 transaction, the chief accounting officer owned 38,761 shares of the company’s stock, valued at approximately $1,847,349.26. The trade was a 19.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.75% of the stock is owned by insiders.

More Freeport-McMoRan News

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

• Positive Sentiment: Analyst upgrades and higher price targets from major banks (Scotiabank raised its target to $63; JPMorgan raised to $68) signal stronger analyst conviction and provide upside support for the stock. Scotiabank price target raised
• Positive Sentiment: Independent research and media pieces (Zacks, MSN/other outlets) highlight strong copper markets, supply tightness and robust demand as drivers for FCX’s growth outlook. Those narratives bolster investor enthusiasm for mining/copper exposure. Zacks: FCX is a strong growth stock
• Positive Sentiment: Options activity: notable call buying and heavy call-volume flows have been reported recently, consistent with bullish positioning by traders. Such flows can amplify short‑term upside. Call options activity reported
• Neutral Sentiment: Consensus broker ratings skew positive (overall “Buy”), reflecting broad analyst support but also setting expectations that could be sensitive to execution or commodity price moves. Consensus Buy from brokerages
• Negative Sentiment: Multiple law firms have filed or announced securities‑fraud class action suits and investor investigation notices against FCX (claims cover Feb 15, 2022–Sep 24, 2025). These filings create legal risk, potential defense costs and distraction that can weigh on sentiment. Levi & Korsinsky class action notice
• Negative Sentiment: Several plaintiff firms (Robbins Geller, Bragar Eagel & Squire, Faruqi & Faruqi, Kirby McInerney, Gross Law Firm, etc.) are soliciting lead‑plaintiff motions with a near‑term deadline (Jan. 12), increasing the probability of consolidated litigation and potential recovery claims. That timetable raises short‑term legal overhang. Robbins Geller / lead plaintiff deadline

Freeport-McMoRan Stock Up 4.2%

NYSE FCX opened at $56.51 on Friday. Freeport-McMoRan Inc. has a 12 month low of $27.66 and a 12 month high of $57.12. 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 stock has a market cap of $81.15 billion, a PE ratio of 39.80, a P/E/G ratio of 0.85 and a beta of 1.45. The stock’s 50 day moving average is $45.93 and its 200 day moving average is $43.96.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings data on Thursday, October 23rd. The natural resource company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $6.74 billion. During the same period last year, the firm posted $0.38 EPS. The company’s revenue was up 2.7% on a year-over-year basis. Research analysts predict 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. Shareholders of record on Thursday, January 15th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, January 15th. Freeport-McMoRan’s payout ratio is currently 21.13%.

About Freeport-McMoRan

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.