Bank of New York Mellon Corp Acquires 435,963 Shares of Freeport-McMoRan Inc. $FCX

Bank of New York Mellon Corp boosted its holdings in Freeport-McMoRan Inc. (NYSE:FCX) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,671,223 shares of the natural resource company’s stock after purchasing an additional 435,963 shares during the period. Bank of New York Mellon Corp’s holdings in Freeport-McMoRan were worth $849,945,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FCX. Brighton Jones LLC lifted its stake in shares of Freeport-McMoRan by 24.2% in the 4th quarter. Brighton Jones LLC now owns 14,807 shares of the natural resource company’s stock valued at $564,000 after acquiring an additional 2,882 shares during the last quarter. Bison Wealth LLC grew its position in Freeport-McMoRan by 5.6% during the 4th quarter. Bison Wealth LLC now owns 9,616 shares of the natural resource company’s stock worth $366,000 after acquiring an additional 507 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Freeport-McMoRan in the 2nd quarter worth approximately $560,000. V Square Quantitative Management LLC lifted its position in Freeport-McMoRan by 29.3% in the second quarter. V Square Quantitative Management LLC now owns 6,667 shares of the natural resource company’s stock valued at $289,000 after purchasing an additional 1,512 shares during the last quarter. Finally, GC Wealth Management RIA LLC bought a new stake in Freeport-McMoRan in the second quarter valued at approximately $296,000. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Freeport-McMoRan News Summary

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

• Positive Sentiment: Analyst upgrades from Scotiabank lifted the stock outlook and helped buying interest. Freeport-McMoRan (NYSE:FCX) Stock Price Expected to Rise, Scotiabank Analyst Says
• Positive Sentiment: CICC Research also raised its view, adding to the upgrade-driven momentum that traders are buying into. Freeport-McMoRan (NYSE:FCX) Stock Price Expected to Rise, CICC Research Analyst Says
• Positive Sentiment: Coverage of the upgrades pushed FCX to intraday strength and a fresh 52‑week high, reinforcing momentum trading flows. Freeport-McMoRan (NYSE:FCX) Hits New 52-Week High on Analyst Upgrade
• Positive Sentiment: Freeport’s Q4 results beat estimates (Q4 EPS $0.47 vs. $0.28 est.; revenue $5.63B), showing leverage to higher copper prices and supporting cash‑flow upside if prices hold. Freeport-McMoRan: What the Future Could Hold After a 70% Rebound
• Neutral Sentiment: Market narratives about a structural copper shortage (AI, electrification, shrinking supply) are enhancing sector interest and benefit pure‑play copper names like FCX; this is a macro tailwind rather than company‑specific news.
• Neutral Sentiment: Investor attention/flow: Zacks pieces highlight FCX as a momentum/trending stock, which can amplify short‑term moves but does not change fundamentals. Here’s Why Freeport-McMoRan (FCX) is a Strong Momentum Stock
• Negative Sentiment: Operational risk remains: the Grasberg mudslide reduced output in 2025 and limits near‑term volumes; production uncertainty can keep a premium on copper but also creates volatility for FCX results. Freeport-McMoRan: What the Future Could Hold After a 70% Rebound
• Negative Sentiment: Valuation and near‑term copper risk: some forecasters (e.g., Goldman/S&P‑cited views) expect pressure on copper near term and the consensus price target implies limited upside from current levels — meaning upside depends heavily on sustained commodity prices.

Analyst Ratings Changes

Several research analysts have recently issued reports on FCX shares. Raymond James Financial raised their target price on shares of Freeport-McMoRan from $53.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Freeport-McMoRan in a research report on Thursday, January 22nd. Clarkson Capital raised shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Wednesday, November 19th. Sanford C. Bernstein downgraded shares of Freeport-McMoRan from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $53.50 to $54.00 in a research note on Friday, January 23rd. Finally, Hsbc Global Res upgraded shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Three 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.40.

Freeport-McMoRan Stock Up 1.3%

Shares of NYSE FCX opened at $63.67 on Thursday. The company has a current ratio of 2.29, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. Freeport-McMoRan Inc. has a 12 month low of $27.66 and a 12 month high of $64.67. The firm has a market capitalization of $91.42 billion, a PE ratio of 42.17, a price-to-earnings-growth ratio of 0.76 and a beta of 1.45. The firm has a fifty day simple moving average of $51.13 and a two-hundred day simple moving average of $45.34.

Freeport-McMoRan (NYSE:FCX) last announced its earnings results on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share 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 firm had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities analysts expect that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current year.

Freeport-McMoRan Cuts Dividend

The company also recently disclosed 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. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, January 15th. Freeport-McMoRan’s payout ratio is presently 19.87%.

Insider Buying and Selling

In other news, CAO Stephen T. Higgins sold 28,423 shares of the stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Ellie L. Mikes sold 9,572 shares of the firm’s stock in a transaction that occurred on 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 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 SEC filing for this sale provides additional information. 0.79% of the stock is currently owned by corporate insiders.

Freeport-McMoRan 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.