Twin Capital Management Inc. Sells 8,686 Shares of Freeport-McMoRan Inc. $FCX

Twin Capital Management Inc. trimmed its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 27.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,352 shares of the natural resource company’s stock after selling 8,686 shares during the quarter. Twin Capital Management Inc.’s holdings in Freeport-McMoRan were worth $916,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FCX. Great Lakes Advisors LLC raised its stake in shares of Freeport-McMoRan by 8.0% during the third quarter. Great Lakes Advisors LLC now owns 1,551,258 shares of the natural resource company’s stock worth $60,840,000 after acquiring an additional 115,285 shares in the last quarter. Callan Family Office LLC grew its holdings in shares of Freeport-McMoRan by 229.9% during the 2nd quarter. Callan Family Office LLC now owns 26,983 shares of the natural resource company’s stock valued at $1,170,000 after purchasing an additional 18,803 shares during the last quarter. New York Life Investment Management LLC grew its holdings in shares of Freeport-McMoRan by 11.8% during the 2nd 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. Summit Global Investments raised its position in Freeport-McMoRan by 278.4% in the 3rd quarter. Summit Global Investments now owns 46,157 shares of the natural resource company’s stock worth $1,810,000 after purchasing an additional 33,959 shares during the period. Finally, Arrow Capital Pty Ltd lifted its stake in Freeport-McMoRan by 88.5% in the second quarter. Arrow Capital Pty Ltd now owns 113,100 shares of the natural resource company’s stock worth $4,903,000 after purchasing an additional 53,100 shares during the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Insider Activity at Freeport-McMoRan

In other news, CAO Stephen T. Higgins sold 28,423 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $47.99, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Ellie L. Mikes sold 9,572 shares of the company’s stock in a transaction 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 directly owned 38,761 shares in the company, valued at approximately $1,847,349.26. The trade was a 19.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FCX shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Freeport-McMoRan in a research note on Wednesday, November 26th. Clarkson Capital raised Freeport-McMoRan from a “neutral” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Wednesday, November 19th. Sanford C. Bernstein lowered Freeport-McMoRan from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $53.50 to $54.00 in a research note on Friday, January 23rd. HSBC raised their target price on shares of Freeport-McMoRan from $48.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, Raymond James Financial upped their price target on shares of Freeport-McMoRan from $53.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $58.40.

Key Stories Impacting Freeport-McMoRan

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

• Positive Sentiment: Zacks Research materially raised EPS forecasts across several quarters and years — upgrades include higher Q4 2026/Q4 2027 and FY2026/FY2027 estimates (Zacks now sees FY2027 at ~$2.71 and FY2028 at ~$2.84), signaling analysts expect stronger earnings leverage if commodity prices hold.
• Positive Sentiment: Major price‑target bump: an analyst raise lifted FCX’s target (reported +10.45% to $62.23), which supports near‑term upside and helps explain bullish flow into the stock. Freeport-McMoRan (FCX) price target increased by 10.45% to 62.23
• Positive Sentiment: Commodity backdrop: coverage highlights Freeport benefiting from record/high copper prices and management’s focus on disciplined growth — a supportive macro/industry tailwind for revenue and margins if prices persist. Freeport-McMoRan Rides Record Copper Prices With Disciplined Growth Focus
• Neutral Sentiment: Valuation and earnings context: analysts and writeups are debating valuation after the recent run and the latest quarterly results — supportive earnings beats but valuations now reflect optimism, so outperformance may require continued strong copper and execution. Freeport-McMoRan (FCX) Valuation Check After Earnings And Copper Demand Optimism
• Negative Sentiment: Cautionary note after the rally: a recent analysis warns that despite a ~47% six‑month gain, higher operating costs and lower volumes in some periods could temper upside and argues for caution on further rallies absent improving fundamentals. Should You Buy, Sell or Hold FCX Stock After a 47% Rally in 6 Months?

Freeport-McMoRan Price Performance

Shares of Freeport-McMoRan stock opened at $60.60 on Friday. The business has a 50 day moving average of $54.01 and a 200 day moving average of $46.17. Freeport-McMoRan Inc. has a 52 week low of $27.66 and a 52 week high of $69.44. The company has a market cap of $87.02 billion, a PE ratio of 40.13, a P/E/G ratio of 0.70 and a beta of 1.47. The company has a quick ratio of 1.05, a current ratio of 2.29 and a debt-to-equity ratio of 0.29.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings data 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 business had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the previous year, the firm earned $0.31 EPS. The company’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 year.

Freeport-McMoRan Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th were issued a $0.075 dividend. The ex-dividend date was Thursday, January 15th. This represents a $0.30 annualized dividend and a yield of 0.5%. Freeport-McMoRan’s dividend payout ratio (DPR) is 19.87%.

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.