Fiera Capital Corp Buys 147,340 Shares of Freeport-McMoRan Inc. $FCX

Fiera Capital Corp increased its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 99.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 295,209 shares of the natural resource company’s stock after acquiring an additional 147,340 shares during the period. Fiera Capital Corp’s holdings in Freeport-McMoRan were worth $11,578,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Steigerwald Gordon & Koch Inc. bought a new position in Freeport-McMoRan during the 3rd quarter worth about $25,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Freeport-McMoRan during the second quarter worth about $28,000. Salomon & Ludwin LLC grew its holdings in shares of Freeport-McMoRan by 1,962.9% during the third quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock worth $29,000 after buying an additional 687 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Freeport-McMoRan during the third quarter worth about $36,000. Finally, Proffitt & Goodson Inc. raised its position 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 buying an additional 278 shares during the last quarter. 80.77% of the stock is owned by institutional investors.

Freeport-McMoRan News Roundup

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

• Positive Sentiment: Freeport reached a Memorandum of Understanding with the Indonesian government to amend PT Freeport Indonesia’s special mining business license (IUPK) for a life‑of‑resource extension of operating rights — this materially reduces tenure/regulatory risk at Grasberg, bolsters the long‑term copper production and cash‑flow story, and is the main catalyst lifting sentiment. FCX Announces Agreement for Life of Resource Extension
• Positive Sentiment: Scotiabank raised its price target on FCX from $70 to $72 and kept an outperform rating — another broker lift that supports upside expectations and can attract buyer flows. Scotiabank PT raise
• Neutral Sentiment: Market and industry write‑ups are rotating capital into copper amid rising demand for wiring/infrastructure tied to AI and electrification; these macro narratives support commodity price tailwinds but benefit multiple miners, not just FCX. Copper demand/sector rotation
• Neutral Sentiment: Coverage and valuation pieces (Yahoo Finance, Zacks, Seeking Alpha) are re‑pricing FCX on the new Grasberg assumptions and stronger copper outlook — helpful context for investors but not a direct catalyst. Narrative shift article
• Negative Sentiment: Senior insiders sold stock this week: CFO Maree Robertson (48,500 shares) and CAO Ellie Mikes (11,000 shares) — sizable filings that can spook some investors even if sales are for diversification or tax planning. CFO SEC filing CAO SEC filing
• Negative Sentiment: Operational risk remains: analysts and sector commentary note the 2025 Grasberg mudflow’s lingering impact on near‑term production — delays to recovery would limit Freeport’s ability to immediately monetize stronger copper prices. Grasberg MOU and operational context

Insider Buying and Selling at Freeport-McMoRan

In other news, EVP Douglas N. Currault II sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $64.52, for a total value of $4,839,000.00. Following the completion of the sale, the executive vice president directly owned 219,181 shares of the company’s stock, valued at $14,141,558.12. This trade represents a 25.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Richard C. Adkerson sold 248,031 shares of Freeport-McMoRan stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $62.80, for a total value of $15,576,346.80. Following the transaction, the chairman owned 3,509,119 shares of the company’s stock, valued at $220,372,673.20. This represents a 6.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 573,486 shares of company stock valued at $35,791,937 in the last three months. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FCX shares. Jefferies Financial Group upped their price target on Freeport-McMoRan from $68.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank boosted their price objective on shares of Freeport-McMoRan from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday. HSBC raised their target price on shares of Freeport-McMoRan from $48.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Freeport-McMoRan in a research note on Wednesday, November 26th. Finally, Wall Street Zen downgraded shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.73.

Freeport-McMoRan Price Performance

Shares of FCX opened at $64.34 on Friday. The company has a market cap of $92.38 billion, a price-to-earnings ratio of 42.61, a PEG ratio of 0.68 and a beta of 1.47. Freeport-McMoRan Inc. has a 1-year low of $27.66 and a 1-year high of $69.44. The company’s fifty day simple moving average is $57.58 and its 200 day simple moving average is $47.58. 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 (NYSE:FCX) last announced its quarterly earnings results on Thursday, January 22nd. The natural resource company reported $0.47 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 firm had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter last year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts forecast that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Investors of record on Thursday, January 15th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, January 15th. 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.