Douglas Lane & Associates LLC Lowers Stock Holdings in Freeport-McMoRan Inc. $FCX

Douglas Lane & Associates LLC trimmed its stake in Freeport-McMoRan Inc. (NYSE:FCX) by 3.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,444,726 shares of the natural resource company’s stock after selling 44,352 shares during the period. Freeport-McMoRan comprises about 1.2% of Douglas Lane & Associates LLC’s investment portfolio, making the stock its 19th largest position. Douglas Lane & Associates LLC’s holdings in Freeport-McMoRan were worth $101,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Jupiter Topco LLC bought a new position in Freeport-McMoRan in the 2nd quarter valued at $739,890,000. Arrowstreet Capital Limited Partnership boosted its position in Freeport-McMoRan by 98.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 19,973,108 shares of the natural resource company’s stock valued at $1,014,434,000 after buying an additional 9,924,573 shares during the last quarter. Bank of America Corp DE boosted its holdings in Freeport-McMoRan by 20.0% in the first quarter. Bank of America Corp DE now owns 42,345,502 shares of the natural resource company’s stock valued at $2,489,069,000 after acquiring an additional 7,044,775 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Freeport-McMoRan by 101.2% during the 1st quarter. Janus Henderson Group PLC now owns 11,498,267 shares of the natural resource company’s stock worth $675,896,000 after purchasing an additional 5,784,156 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Freeport-McMoRan by 28.9% during the 4th quarter. Victory Capital Management Inc. now owns 17,366,596 shares of the natural resource company’s stock worth $882,050,000 after buying an additional 3,894,872 shares during the period. Institutional investors own 80.77% of the company’s stock.

Freeport-McMoRan News Summary

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

• Positive Sentiment: JPMorgan Chase raised its price target for Freeport-McMoRan from $77 to $92 and maintained an “overweight” rating, implying substantial potential upside. The higher target supports the bullish case for FCX and is likely the most significant catalyst in the recent coverage. Freeport-McMoRan Stock Gets Price Target Bump from JPMorgan Chase & Co.
• Positive Sentiment: A Morgan Stanley analyst said Freeport-McMoRan’s stock is expected to rise, adding another favorable Wall Street view and reinforcing investor optimism around the copper and mining company. Freeport-McMoRan Stock Price Expected to Rise, Morgan Stanley Analyst Says
• Neutral Sentiment: FCX remains a closely watched stock among Zacks users, suggesting elevated investor interest. However, the report does not provide a new operating or valuation catalyst. Is Trending Stock Freeport-McMoRan Inc. (FCX) a Buy Now?
• Negative Sentiment: Zacks Research lowered EPS estimates across several periods, including Q3 2026 to $0.61 from $0.63, FY2026 to $2.50 from $2.52, FY2027 to $3.47 from $3.54, and FY2028 to $3.41 from $3.52. Estimates for multiple 2027 and 2028 quarters were also reduced, signaling somewhat softer expected earnings momentum. Freeport-McMoRan Suffers a Larger Drop Than the General Market: Key Insights
• Negative Sentiment: Freeport-McMoRan recently underperformed the broader market in a session that ended lower, highlighting short-term volatility despite the more constructive analyst price targets.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FCX shares. Barclays raised their price target on Freeport-McMoRan from $82.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday. Bank of America boosted their price target on shares of Freeport-McMoRan from $74.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Wells Fargo & Company raised their price target on Freeport-McMoRan from $70.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday. Citigroup increased their target price on Freeport-McMoRan from $66.00 to $84.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Scotiabank increased their price objective on shares of Freeport-McMoRan from $67.00 to $77.00 and gave the stock a “sector outperform” rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Freeport-McMoRan currently has an average rating of “Moderate Buy” and a consensus price target of $76.22.

Insider Transactions at Freeport-McMoRan

In related news, EVP Douglas Currault, II sold 80,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $78.56, for a total value of $6,284,800.00. Following the completion of the sale, the executive vice president directly owned 211,016 shares in the company, valued at $16,577,416.96. The trade was a 27.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Ellie Mikes sold 4,773 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $70.00, for a total transaction of $334,110.00. Following the completion of the sale, the chief accounting officer directly owned 36,000 shares of the company’s stock, valued at approximately $2,520,000. The trade was a 11.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 110,398 shares of company stock worth $8,387,271 over the last three months. Company insiders own 0.73% of the company’s stock.

Freeport-McMoRan Stock Up 3.4%

Shares of Freeport-McMoRan stock traded up $2.42 on Friday, reaching $73.56. 3,588,598 shares of the company were exchanged, compared to its average volume of 16,245,871. Freeport-McMoRan Inc. has a one year low of $38.54 and a one year high of $80.24. The company has a current ratio of 2.07, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average of $71.56 and a 200 day moving average of $66.05. The company has a market capitalization of $105.63 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 0.69 and a beta of 1.39.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.12. The company had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $6.62 billion. Freeport-McMoRan had a net margin of 11.39% and a return on equity of 10.63%. Freeport-McMoRan’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. On average, equities research analysts forecast that Freeport-McMoRan Inc. will post 2.87 earnings per share for the current year.

Freeport-McMoRan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be given a dividend of $0.0750 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.30 annualized dividend and a yield of 0.4%. Freeport-McMoRan’s dividend payout ratio (DPR) is 14.78%.

Freeport-McMoRan Profile

Freeport-McMoRan Inc (NYSE: FCX) is a leading international mining company focused primarily on the exploration, development and production of copper, gold and molybdenum. Copper is its principal product and is used in electrical systems, construction, transportation, renewable energy infrastructure and other industrial applications. The company also produces copper cathodes and concentrates, gold, molybdenum products and certain quantities of silver and other byproducts.

Freeport-McMoRan operates a portfolio of mining and processing assets in North America, South America and Indonesia.