Nordea Investment Management AB Sells 27,544 Shares of Freeport-McMoRan Inc. $FCX

Nordea Investment Management AB cut its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,847,406 shares of the natural resource company’s stock after selling 27,544 shares during the period. Nordea Investment Management AB owned 0.13% of Freeport-McMoRan worth $69,592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of FCX. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Freeport-McMoRan by 89.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,569,169 shares of the natural resource company’s stock valued at $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 valued at about $159,147,000. Crake Asset Management LLP increased its position in Freeport-McMoRan by 60.6% in the second quarter. Crake Asset Management LLP now owns 9,522,673 shares of the natural resource company’s stock worth $412,808,000 after purchasing an additional 3,593,050 shares during the period. Voya Investment Management LLC raised its holdings in 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 purchasing an additional 2,856,302 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in 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 purchasing an additional 2,813,845 shares during the period. 80.77% of the stock is owned by institutional investors.

Freeport-McMoRan Trading Up 1.7%

NYSE:FCX opened at $60.35 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.45 and a quick ratio of 1.19. The business’s 50-day simple moving average is $47.09 and its 200-day simple moving average is $44.30. Freeport-McMoRan Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $60.71. The stock has a market capitalization of $86.66 billion, a PE ratio of 42.50, a price-to-earnings-growth ratio of 0.73 and a beta of 1.45.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings results on Thursday, October 23rd. The natural resource company reported $0.50 earnings per share 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 firm had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.74 billion. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. Sell-side analysts expect that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Freeport-McMoRan’s dividend payout ratio is 21.13%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FCX. UBS Group boosted their price target on shares of Freeport-McMoRan from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Scotiabank increased their price target on Freeport-McMoRan from $47.00 to $63.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Freeport-McMoRan in a research note on Wednesday, October 8th. Royal Bank Of Canada dropped their price objective on Freeport-McMoRan from $54.00 to $48.00 and set a “sector perform” rating for the company in a report on Wednesday, October 1st. Finally, Clarkson Capital upgraded Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Wednesday, November 19th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $53.06.

Key Stories Impacting Freeport-McMoRan

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

• Positive Sentiment: Copper breakout & commodity tailwinds — Coverage highlights that copper is at or near record levels and that FCX is a clear way to play sustained copper demand and pricing, supporting investor bullishness. Read More.
• Positive Sentiment: Bank of America / red-hot metals pick — FCX appears on lists of top commodity/mining picks for 2026, which brings institutional interest and flows into the stock. Read More.
• Positive Sentiment: Quant and model-driven buying — Seeking Alpha’s quant lists include Freeport among top names going into Q4 earnings, which can drive systematic/ETF flows and short-term momentum buying. Read More.
• Positive Sentiment: Technical breakout narrative — A Seeking Alpha piece frames FCX as having a “huge breakout,” attracting momentum traders and technical buyers who may add to the rally. Read More.
• Neutral Sentiment: Analyst coverage is active but mixed — Benzinga’s compilation of 11 analyst ratings shows the stock is under close review; more upgrades or target raises would be bullish, but the item itself mainly signals attention. Read More.
• Neutral Sentiment: Zacks notes heightened user interest and summarizes key facts — useful context for retail/institutional attention but not a direct catalyst. Read More.
• Neutral Sentiment: Short-term price note — Zacks also reported a recent uptick in the stock amid a broader market dip; that reflects today’s buying but is descriptive rather than a new fundamental change. Read More.

Insiders Place Their Bets

In other news, CAO Stephen T. Higgins sold 28,423 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief accounting officer owned 105,294 shares in the company, valued at $5,053,059.06. This trade represents a 21.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Ellie L. Mikes sold 9,572 shares of Freeport-McMoRan stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $47.66, for a total transaction of $456,201.52. Following the completion of the transaction, the chief accounting officer directly owned 38,761 shares of the company’s stock, valued at approximately $1,847,349.26. This trade represents a 19.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.75% of the stock is currently owned by company insiders.

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.