Freeport-McMoRan Inc. $FCX Shares Purchased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. boosted its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 230,543 shares of the natural resource company’s stock after acquiring an additional 7,590 shares during the period. Pinnacle Associates Ltd.’s holdings in Freeport-McMoRan were worth $11,709,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FCX. JPL Wealth Management LLC acquired a new position in shares of Freeport-McMoRan during the 3rd quarter worth about $33,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Freeport-McMoRan during the 3rd quarter worth approximately $36,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Freeport-McMoRan during the 4th quarter worth approximately $38,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of Freeport-McMoRan during the third quarter valued at approximately $39,000. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of Freeport-McMoRan in the fourth quarter valued at approximately $43,000. 80.77% of the stock is owned by hedge funds and other institutional investors.

Freeport-McMoRan Stock Down 1.6%

NYSE FCX opened at $66.08 on Friday. The business’s fifty day simple moving average is $61.51 and its 200-day simple moving average is $55.63. The company has a quick ratio of 1.13, a current ratio of 2.39 and a debt-to-equity ratio of 0.28. The firm has a market cap of $94.97 billion, a PE ratio of 35.15, a P/E/G ratio of 0.81 and a beta of 1.32. Freeport-McMoRan Inc. has a 52 week low of $35.15 and a 52 week 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, beating analysts’ consensus estimates of $0.47 by $0.10. Freeport-McMoRan had a net margin of 10.34% and a return on equity of 9.88%. The firm had revenue of $6.23 billion during the quarter, compared to analyst estimates of $5.73 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Freeport-McMoRan’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, equities analysts anticipate that Freeport-McMoRan Inc. will post 2.56 earnings per share for the current year.

Freeport-McMoRan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Wednesday, April 15th were issued a $0.075 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Freeport-McMoRan’s dividend payout ratio is currently 15.96%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FCX. Wall Street Zen cut Freeport-McMoRan from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Morgan Stanley restated an “equal weight” rating and issued a $66.00 price objective (down from $70.00) on shares of Freeport-McMoRan in a report on Friday, April 24th. Argus raised shares of Freeport-McMoRan from a “hold” rating to a “buy” rating in a report on Friday, February 13th. Scotiabank reduced their target price on shares of Freeport-McMoRan from $71.00 to $67.00 and set a “sector perform” rating for the company in a research report on Friday, April 24th. Finally, Wells Fargo & Company lowered their price target on shares of Freeport-McMoRan from $77.00 to $68.00 and set an “overweight” rating on the stock in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Freeport-McMoRan currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.14.

Freeport-McMoRan News Summary

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

• Positive Sentiment: FCX continues to be viewed as a growth-oriented name in the non-ferrous metals space, with Zacks highlighting it as one of the stocks worth watching despite a challenging industry backdrop. 3 Non-Ferrous Metal Mining Stocks to Watch in a Challenging Industry
• Positive Sentiment: Analysts still broadly lean constructive on Freeport-McMoRan, with consensus coverage described as “Moderate Buy” and prior commentary calling FCX a strong growth stock. Here’s Why Freeport-McMoRan (FCX) is a Strong Growth Stock
• Neutral Sentiment: FCX is trending among investors, suggesting elevated attention ahead of potential catalysts, but the articles do not point to a specific new fundamental development. Freeport-McMoRan Inc. (FCX) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Zacks said Grasberg disruptions hurt Q1 volumes and led FCX to cut its 2026 copper sales outlook, a direct headwind for earnings expectations. Grasberg Disruptions Weigh on FCX’s Q1 Volumes: What Lies Ahead?
• Negative Sentiment: Citi and Jefferies both lowered their price targets on Freeport-McMoRan, which can weigh on sentiment even though both firms kept positive ratings. Freeport-McMoRan (FCX): The Best American Mining Stock to Buy Right Now

Insider Buying and Selling

In other news, CAO Ellie L. Mikes sold 11,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $62.03, for a total value of $682,330.00. Following the transaction, the chief accounting officer owned 40,773 shares of the company’s stock, valued at $2,529,149.19. This represents a 21.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Stephen T. Higgins sold 29,654 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $63.00, for a total value of $1,868,202.00. Following the transaction, the chief accounting officer owned 76,445 shares of the company’s stock, valued at approximately $4,816,035. This represents a 27.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.75% of the company’s stock.

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.