Mutual of America Capital Management LLC Reduces Position in Freeport-McMoRan Inc. $FCX

Mutual of America Capital Management LLC decreased its position in Freeport-McMoRan Inc. (NYSE:FCX) by 5.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 179,984 shares of the natural resource company’s stock after selling 10,085 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Freeport-McMoRan were worth $7,059,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Callan Family Office LLC lifted its position in shares of Freeport-McMoRan by 229.9% during the second quarter. Callan Family Office LLC now owns 26,983 shares of the natural resource company’s stock worth $1,170,000 after purchasing an additional 18,803 shares in the last quarter. New York Life Investment Management LLC boosted its holdings in Freeport-McMoRan by 11.8% in the second quarter. New York Life Investment Management LLC now owns 215,058 shares of the natural resource company’s stock valued at $9,323,000 after purchasing an additional 22,766 shares during the last quarter. Arrow Capital Pty Ltd grew its position in shares of Freeport-McMoRan by 88.5% during the second quarter. Arrow Capital Pty Ltd now owns 113,100 shares of the natural resource company’s stock worth $4,903,000 after buying an additional 53,100 shares in the last quarter. Bourgeon Capital Management LLC raised its holdings in Freeport-McMoRan by 8.1% in the second quarter. Bourgeon Capital Management LLC now owns 331,549 shares of the natural resource company’s stock valued at $14,373,000 after acquiring an additional 24,803 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC grew its stake in Freeport-McMoRan by 5.7% in the third quarter. Foster Victor Wealth Advisors LLC now owns 383,488 shares of the natural resource company’s stock worth $15,213,000 after purchasing an additional 20,586 shares in the last quarter. 80.77% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Freeport-McMoRan

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

• Positive Sentiment: Analysts raised targets and ratings — Scotiabank upped its target to $70 (outperform) and CICC raised its target to $64.40, signaling fresh buy-side conviction and potential upside pressure on the stock. Scotiabank Raises FCX Price Target to $70
• Positive Sentiment: Macro/sector story is supportive: MarketBeat and other outlets highlight a structural copper bull market driven by electrification and AI data-center buildouts — a direct tailwind for copper-focused Freeport. What the Future Could Hold After a 70% Rebound
• Positive Sentiment: Q4 earnings beat: FCX posted stronger-than-expected revenue and an adjusted EPS beat (helping validate margin leverage to high copper prices), which supports investor confidence in near-term cash flow upside if metals remain elevated. Freeport Q4 Earnings
• Positive Sentiment: Momentum and market attention: Zacks and other sites flag FCX as a strong momentum/trending stock and coverage of a new 52-week high/analyst upgrade has drawn inflows and options activity from traders. Zacks: Strong Momentum Stock
• Neutral Sentiment: Options-market signals show elevated interest and positioning but are ambiguous on direction — heavy flow can amplify moves but also increase volatility. Options Market Insights
• Negative Sentiment: Production disruption remains a headwind: the Grasberg mudslide cut output, and Freeport guided to slightly lower 2026 copper/gold sales before restoration — lingering supply impacts could pressure revenue if copper weakens. Grasberg Production Impact and Outlook
• Negative Sentiment: Near-term copper-price risk: some forecasters (and the MarketBeat/Goldman discussion) expect a pullback from record highs, and FCX’s cash flow is highly sensitive to copper moves—near-term price weakness could reverse recent gains. Copper Forecasts and Impact

Insiders Place Their Bets

In related news, CAO Stephen T. Higgins sold 28,423 shares of the company’s stock in a transaction on 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 directly owned 105,294 shares in the company, 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 through this link. Also, CAO Ellie L. Mikes sold 9,572 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was 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 $1,847,349.26. This represents a 19.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FCX shares. Raymond James Financial increased their price objective on shares of Freeport-McMoRan from $53.00 to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Morgan Stanley set a $70.00 target price on shares of Freeport-McMoRan in a research note on Tuesday. CICC Research lifted their price target on Freeport-McMoRan from $50.40 to $64.40 and gave the company an “outperform” rating in a research report on Monday. BNP Paribas Exane cut their target price on shares of Freeport-McMoRan from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. Finally, Dbs Bank cut their price objective on Freeport-McMoRan from $51.00 to $48.00 in a report on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Freeport-McMoRan has an average rating of “Moderate Buy” and an average target price of $58.40.

Freeport-McMoRan Stock Performance

FCX opened at $62.87 on Wednesday. The company has a market cap of $90.28 billion, a PE ratio of 41.64, a price-to-earnings-growth ratio of 0.72 and a beta of 1.45. Freeport-McMoRan Inc. has a 52-week low of $27.66 and a 52-week high of $63.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 2.29. The stock has a 50-day moving average of $50.68 and a 200-day moving average of $45.22.

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

Freeport-McMoRan Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors 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 payout ratio is 19.87%.

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.