Concurrent Investment Advisors LLC Buys 85,777 Shares of Freeport-McMoRan Inc. $FCX

Concurrent Investment Advisors LLC grew its holdings in Freeport-McMoRan Inc. (NYSE:FCX) by 106.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 166,017 shares of the natural resource company’s stock after acquiring an additional 85,777 shares during the period. Concurrent Investment Advisors LLC’s holdings in Freeport-McMoRan were worth $8,432,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Tumwater Wealth Management LLC bought a new position in Freeport-McMoRan in the fourth quarter worth approximately $258,000. Kercheville Advisors LLC bought a new position in Freeport-McMoRan in the fourth quarter worth approximately $179,000. Generali Investments Management Co LLC raised its position in Freeport-McMoRan by 29.1% in the fourth quarter. Generali Investments Management Co LLC now owns 4,809 shares of the natural resource company’s stock worth $244,000 after acquiring an additional 1,085 shares during the period. Calamos Advisors LLC raised its position in Freeport-McMoRan by 13.4% in the fourth quarter. Calamos Advisors LLC now owns 927,380 shares of the natural resource company’s stock worth $47,102,000 after acquiring an additional 109,594 shares during the period. Finally, Directional Asset Management bought a new position in Freeport-McMoRan in the fourth quarter worth approximately $206,000. 80.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FCX has been the topic of several recent research reports. BMO Capital Markets increased their price target on shares of Freeport-McMoRan from $55.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. CICC Research increased their price target on shares of Freeport-McMoRan from $50.40 to $64.40 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Freedom Capital upgraded shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Morgan Stanley reiterated an “equal weight” rating and issued a $66.00 price target (down from $70.00) on shares of Freeport-McMoRan in a research report on Friday. Finally, Scotiabank decreased their price target on shares of Freeport-McMoRan from $71.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.57.

Freeport-McMoRan News Summary

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

• Positive Sentiment: Q1 beat and cash support — FCX reported stronger‑than‑expected Q1 results (EPS $0.57 vs. ~$0.47 est.) with revenue up ~8.7% YoY; management noted higher realized commodity prices and a ~$700M insurance payment that helped results. Freeport-McMoRan: Less Copper Supply Isn’t All Bad
• Positive Sentiment: Analyst upgrade — UBS raised its price target to $74 and kept a Buy rating, signaling upside based on commodity outlook and valuation. UBS Lifts Price Target on Freeport-McMoRan to $74
• Neutral Sentiment: Market/valuation debate — Several pieces question whether current share price already reflects copper optimism and the recent volatility; investors should weigh the outlook for copper prices vs. reduced volumes. Is Freeport-McMoRan (FCX) Pricing Fully Reflects Recent Copper Optimism And Share Volatility
• Neutral Sentiment: Company materials and call — The earnings presentation and transcript are available for review (useful for guidance detail, cost outlook and timing for Grasberg ramp). Freeport-McMoRan Inc. (FCX) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Grasberg production setbacks — Management cut 2026 copper sales guidance (roughly a 300M lb reduction cited) after a slower Grasberg ramp following last year’s incident; lower volumes directly pressure near‑term revenue and triggered the sell‑off. Freeport McMoRan falls as Grasberg delay cuts 2026 output outlook
• Negative Sentiment: Analyst downgrades and target cuts — Multiple firms trimmed targets or ratings (Morgan Stanley downgraded to Equal Weight and cut its PT; others cut targets or estimates), increasing near‑term selling pressure despite some boutiques still bullish. Morgan Stanley Downgrades Freeport-McMoRan Bernstein Adjusts Price Target on Freeport-McMoRan
• Negative Sentiment: Stock reaction — The market punished FCX on the combination of the production cut and uncertain Grasberg timing (reports of a ~10% intraday drop were published), showing sensitivity to volume risk even with strong commodity prices. Freeport-McMoRan (FCX) Stock Plunges 10% After Slashing Production Forecasts

Insider Transactions at Freeport-McMoRan

In other news, EVP Douglas N. Currault II sold 75,000 shares of the stock in a transaction on Wednesday, February 11th. The shares were 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 represents a 25.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Maree E. Robertson sold 48,500 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $61.55, for a total transaction of $2,985,175.00. Following the completion of the sale, the chief financial officer directly owned 79,894 shares of the company’s stock, valued at approximately $4,917,475.70. This trade represents a 37.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 565,145 shares of company stock valued at $35,839,918. Company insiders own 0.75% of the company’s stock.

Freeport-McMoRan Stock Performance

Shares of NYSE FCX opened at $61.12 on Friday. The firm has a fifty day moving average price of $62.47 and a 200-day moving average price of $53.88. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.39 and a quick ratio of 1.05. The stock has a market cap of $87.83 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 0.71 and a beta of 1.48. Freeport-McMoRan Inc. has a 1 year low of $34.45 and a 1 year high of $70.96.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings data on Thursday, April 23rd. The natural resource company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.10. The firm had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Freeport-McMoRan had a net margin of 10.34% and a return on equity of 9.88%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 earnings per share. Equities analysts anticipate that Freeport-McMoRan Inc. will post 2.54 earnings per share for the current fiscal year.

Freeport-McMoRan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Freeport-McMoRan’s dividend 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.