Summit Global Investments Increases Holdings in Freeport-McMoRan Inc. $FCX

Summit Global Investments increased its position in Freeport-McMoRan Inc. (NYSE:FCX) by 278.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,157 shares of the natural resource company’s stock after acquiring an additional 33,959 shares during the period. Summit Global Investments’ holdings in Freeport-McMoRan were worth $1,810,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Steigerwald Gordon & Koch Inc. purchased a new stake in Freeport-McMoRan during the third quarter worth $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Freeport-McMoRan during the 2nd quarter worth $28,000. Salomon & Ludwin LLC raised its stake in shares of Freeport-McMoRan by 1,962.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock worth $29,000 after buying an additional 687 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Freeport-McMoRan in the 3rd quarter worth about $36,000. Finally, Proffitt & Goodson Inc. grew its stake in Freeport-McMoRan by 39.8% in the 3rd quarter. Proffitt & Goodson Inc. now owns 977 shares of the natural resource company’s stock valued at $38,000 after acquiring an additional 278 shares during the last quarter. 80.77% of the stock is owned by institutional investors and hedge funds.

Freeport-McMoRan Stock Performance

NYSE FCX opened at $65.08 on Friday. The business’s 50-day moving average price is $51.64 and its 200 day moving average price is $45.48. 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 twelve month low of $27.66 and a twelve month high of $69.44. The company has a market capitalization of $93.45 billion, a PE ratio of 43.10, a price-to-earnings-growth ratio of 0.76 and a beta of 1.45.

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

Freeport-McMoRan Cuts Dividend

The business 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 dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.30 annualized dividend and a yield of 0.5%. Freeport-McMoRan’s dividend payout ratio is 19.87%.

Insider Buying and Selling

In related news, CAO Stephen T. Higgins sold 28,423 shares of the stock in a transaction 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 transaction, the chief accounting officer directly owned 105,294 shares of the company’s stock, valued at approximately $5,053,059.06. This trade represents a 21.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Ellie L. Mikes sold 9,572 shares of Freeport-McMoRan stock in a transaction 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 in the company, valued at $1,847,349.26. The trade was a 19.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Freeport-McMoRan in a research report on Thursday, January 22nd. Scotiabank upped their target price on Freeport-McMoRan from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday. CICC Research increased their target price on Freeport-McMoRan from $50.40 to $64.40 and gave the company an “outperform” rating in a report on Monday. Hsbc Global Res raised Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Freeport-McMoRan in a research report on Wednesday, November 26th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.40.

Trending Headlines about Freeport-McMoRan

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

• Positive Sentiment: FCX reported a stronger-than-expected quarter (Q4 EPS $0.47 vs. $0.28 est.; revenue $5.63B), which reinforced earnings momentum and helped lift sentiment. Freeport Beats Profit Views As Grasberg Restart Plan Refocuses Investor Debate
• Positive Sentiment: Valuation bulls highlight a large upside: a recent analysis estimates intrinsic value substantially above the current share price, supporting buy-side narratives. Freeport-McMoRan Inc.’s (NYSE:FCX) Intrinsic Value Is Potentially 74% Above Its Share Price
• Positive Sentiment: Multiple analyst upgrades and bullish notes (Scotiabank, CICC and others) have lifted conviction and triggered buying interest from institutional investors. Freeport-McMoRan (NYSE:FCX) Trading 2.8% Higher on Analyst Upgrade
• Positive Sentiment: Unusual options activity: traders bought roughly 174,970 call contracts (≈+65% vs. typical call volume), indicating speculative or hedged bullish positioning that can amplify near-term moves.
• Positive Sentiment: Macro tailwind: copper is rallying on structural demand (electrification, AI data centers) and tightening supply — Freeport, a large pure‑play copper producer, stands to benefit from higher prices and margin leverage. Digging Into Demand: Copper’s Scarcity Premium Is Rising
• Positive Sentiment: Market action confirms momentum: FCX recently hit an all-time intraday high near $68.94, reflecting the combined impact of earnings, upgrades and copper strength. Freeport McMoRan stock hits all-time high at 68.94 USD
• Neutral Sentiment: Grasberg restart plan is back in focus; management commentary is shaping investor debate about timing and capital allocation, keeping forward guidance and production cadence somewhat uncertain. Freeport Beats Profit Views As Grasberg Restart Plan Refocuses Investor Debate
• Negative Sentiment: Operational risk remains: production at Grasberg was constrained after a late‑2025 mudslide — that reduces near-term output (supporting copper prices) but is a direct company-level risk to volumes and near-term free cash flow. Digging Into Demand: Copper’s Scarcity Premium Is Rising

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.