UniSuper Management Pty Ltd Acquires 92,782 Shares of Freeport-McMoRan Inc. $FCX

UniSuper Management Pty Ltd increased its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 36.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 348,796 shares of the natural resource company’s stock after purchasing an additional 92,782 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Freeport-McMoRan were worth $13,680,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FCX. Portside Wealth Group LLC raised its stake in shares of Freeport-McMoRan by 0.8% in the second quarter. Portside Wealth Group LLC now owns 30,333 shares of the natural resource company’s stock worth $1,315,000 after buying an additional 245 shares during the period. Hollencrest Capital Management increased its holdings in Freeport-McMoRan by 0.6% in the 2nd quarter. Hollencrest Capital Management now owns 45,133 shares of the natural resource company’s stock worth $1,957,000 after acquiring an additional 250 shares in the last quarter. Benjamin Edwards Inc. raised its stake in Freeport-McMoRan by 0.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 45,095 shares of the natural resource company’s stock worth $1,769,000 after acquiring an additional 250 shares during the period. Waterloo Capital L.P. boosted its position in shares of Freeport-McMoRan by 3.9% in the second quarter. Waterloo Capital L.P. now owns 6,658 shares of the natural resource company’s stock worth $289,000 after purchasing an additional 251 shares during the period. Finally, Strengthening Families & Communities LLC boosted its position in shares of Freeport-McMoRan by 0.6% in the second quarter. Strengthening Families & Communities LLC now owns 42,617 shares of the natural resource company’s stock worth $1,822,000 after purchasing an additional 261 shares during the period. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FCX. Weiss Ratings restated a “hold (c)” rating on shares of Freeport-McMoRan in a research note on Thursday. Bank of America raised Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Tuesday, September 30th. Wells Fargo & Company upped their price objective on Freeport-McMoRan from $55.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. BNP Paribas Exane decreased their target price on Freeport-McMoRan from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Friday, December 5th. Finally, Scotiabank boosted their price target on Freeport-McMoRan from $47.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Freeport-McMoRan currently has an average rating of “Moderate Buy” and a consensus price target of $56.20.

Freeport-McMoRan Trading Up 2.7%

Shares of FCX stock opened at $60.46 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $86.81 billion, a price-to-earnings ratio of 40.04, a price-to-earnings-growth ratio of 0.71 and a beta of 1.45. Freeport-McMoRan Inc. has a 12-month low of $27.66 and a 12-month high of $62.13. The stock’s 50-day moving average price is $49.78 and its 200-day moving average price is $45.00.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings results on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.19. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The business had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter last year, the business posted $0.31 EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts predict that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, January 15th. Freeport-McMoRan’s payout ratio is currently 19.87%.

Key Stories Impacting Freeport-McMoRan

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

• Positive Sentiment: Q4 results beat consensus: FCX reported Q4 EPS above estimates and revenue topped expectations, driven by higher realized copper and gold prices which offset lower volumes. The company reiterated financial materials and hosted a conference call. MarketBeat Earnings Summary
• Positive Sentiment: Analyst upgrades and price targets lifted sentiment: recent upgrades and bullish targets helped push FCX to a new 12‑month high, supporting momentum in the stock. Analyst Upgrade/12‑Month High
• Positive Sentiment: Commodity tailwinds: rising copper and gold prices materially boosted profits in Q4 and underpin revenue upside potential for 2026, a key reason investors are favoring FCX as a leveraged way to play the metals rally. Reuters: Profit Beat, Commodity Impact
• Neutral Sentiment: Grasberg mine restart timeline: management said the Grasberg mine (Indonesia) is on track for a Q2 restart after the deadly mudslide — a positive operational milestone but still contains execution and permitting risks. MSN: Grasberg Restart
• Neutral Sentiment: Zacks/style coverage and valuation notes: Zacks flagged FCX as a top‑ranked value stock for certain investor styles, increasing visibility among value-focused funds. That can attract inflows but doesn’t change fundamentals. Zacks: Value Stock Callout
• Negative Sentiment: Volumes and guidance caveats: management trimmed 2026 copper sales volume guidance after Q4, and production was hurt in the quarter by the Grasberg suspension — factors that limit upside unless volumes recover. Investor’s Business Daily: Sales Outlook Trimmed
• Negative Sentiment: Operational and cash-flow pressures: while net income rose, gross and operating profit declined and operating cash flow fell year‑over‑year in Q4, highlighting cost and volume headwinds that could constrain margins if metal prices weaken. Yahoo Finance: Q4 Highlights
• Neutral Sentiment: Investor interest/longer-term performance: pieces on long‑term returns and valuation (e.g., Benzinga/MarketBeat articles) increase retail attention but are less likely to move the stock than fresh earnings/operational news. Benzinga: 5‑Year Returns

Insider Buying and Selling at Freeport-McMoRan

In other news, CAO Ellie L. Mikes sold 9,572 shares of the business’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 sale, the chief accounting officer directly owned 38,761 shares in the company, valued at $1,847,349.26. The trade was a 19.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Stephen T. Higgins sold 28,423 shares of the company’s 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 sale, the chief accounting officer owned 105,294 shares in the company, valued at $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 0.75% of the company’s stock.

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.