Royce & Associates LP Lowers Position in Freeport-McMoRan Inc. $FCX

Royce & Associates LP lessened its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 26.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,000 shares of the natural resource company’s stock after selling 24,000 shares during the quarter. Royce & Associates LP’s holdings in Freeport-McMoRan were worth $3,352,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. KBC Group NV increased its position in Freeport-McMoRan by 49.0% in the fourth quarter. KBC Group NV now owns 221,838 shares of the natural resource company’s stock worth $11,267,000 after purchasing an additional 73,002 shares during the last quarter. Summit Global Investments increased its position in Freeport-McMoRan by 278.4% in the third 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 last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Freeport-McMoRan during the fourth quarter valued at $8,857,000. Wellington Management Group LLP increased its position in Freeport-McMoRan by 190.9% during the third quarter. Wellington Management Group LLP now owns 36,494,793 shares of the natural resource company’s stock valued at $1,431,326,000 after acquiring an additional 23,950,557 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its position in Freeport-McMoRan by 426.3% during the third quarter. Dynamic Technology Lab Private Ltd now owns 81,892 shares of the natural resource company’s stock valued at $3,212,000 after acquiring an additional 66,331 shares during the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.

Trending Headlines about Freeport-McMoRan

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

• Positive Sentiment: FCX is benefiting from renewed optimism around the electrification boom, with analysts highlighting its copper-focused business and Barclays’ recent Overweight rating and $77 price target. Why Wall Street Sees Freeport-McMoRan (FCX) Benefiting From The Electrification Boom
• Positive Sentiment: Investor sentiment has also been supported by strong recent share performance, with articles pointing to FCX’s large 1-year and year-to-date gains as evidence that the market is still rewarding the stock’s copper leverage. Reassessing Freeport McMoRan (FCX) Valuation After A Strong 1 Year Return Attracts Renewed Investor Attention
• Positive Sentiment: Some coverage argues FCX remains attractive on long-term fundamentals, citing a discounted valuation, resilient U.S. operations, and an expansion pipeline that could support earnings growth. Freeport-McMoRan: Robust Pipeline And Significant Long-Term Potential Make It A Buy
• Neutral Sentiment: Several recent articles simply note that FCX is attracting more investor and trader attention, which may reflect growing interest but does not by itself signal a major new catalyst. Freeport-McMoRan Inc. (FCX) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: FCX has also been mentioned in lists of top-performing silver and gold stocks, reinforcing its commodity exposure, but these pieces are mostly descriptive rather than clearly stock-moving. Is Freeport-McMoRan Inc. (FCX) Among the Best Performing Silver Stocks So Far in 2026?
• Negative Sentiment: A potential headwind remains the slower-than-expected recovery at the Grasberg copper and gold complex in Indonesia, which could weigh on near-term production expectations and sentiment. Is Freeport-McMoRan Inc. (FCX) Among the Best Performing Silver Stocks So Far in 2026?

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FCX shares. Raymond James Financial cut their price objective on shares of Freeport-McMoRan from $72.00 to $68.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. JPMorgan Chase & Co. cut their price objective on shares of Freeport-McMoRan from $76.00 to $73.00 and set an “overweight” rating on the stock in a research report on Monday, April 27th. Freedom Capital upgraded shares of Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research report on Saturday, February 21st. BNP Paribas Exane cut their price objective on shares of Freeport-McMoRan from $75.00 to $71.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. Finally, Wells Fargo & Company cut their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.72.

Freeport-McMoRan Stock Down 0.3%

Shares of FCX opened at $65.70 on Friday. The firm has a market capitalization of $94.45 billion, a P/E ratio of 34.95, a P/E/G ratio of 0.79 and a beta of 1.32. Freeport-McMoRan Inc. has a 12-month low of $35.15 and a 12-month high of $70.96. The company has a current ratio of 2.39, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28. The firm has a fifty day moving average price of $62.11 and a 200-day moving average price of $57.21.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results 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. The firm had revenue of $6.23 billion during the quarter, compared to analyst estimates of $5.73 billion. Freeport-McMoRan had a net margin of 10.34% and a return on equity of 9.88%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. Equities research analysts expect that Freeport-McMoRan Inc. will post 2.56 earnings per share for the current year.

Freeport-McMoRan Announces Dividend

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

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.