11,912 Shares in Freeport-McMoRan Inc. $FCX Purchased by B.A. Schrock Wealth Management Inc.

B.A. Schrock Wealth Management Inc. purchased a new stake in Freeport-McMoRan Inc. (NYSE:FCX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,912 shares of the natural resource company’s stock, valued at approximately $825,000.

Other institutional investors have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Freeport-McMoRan during the 4th quarter worth $25,000. NBH Bank bought a new position in shares of Freeport-McMoRan in the second quarter worth $28,000. Steph & Co. raised its stake in Freeport-McMoRan by 43.7% in the first quarter. Steph & Co. now owns 493 shares of the natural resource company’s stock valued at $29,000 after purchasing an additional 150 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Freeport-McMoRan in the first quarter valued at about $29,000. Finally, SHP Wealth Management acquired a new position in Freeport-McMoRan in the fourth quarter valued at about $30,000. 80.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Freeport-McMoRan from $77.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 7th. Wall Street Zen lowered shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. BNP Paribas Exane boosted their target price on shares of Freeport-McMoRan from $71.00 to $82.00 and gave the company an “outperform” rating in a research report on Thursday, June 18th. The Goldman Sachs Group reissued a “buy” rating on shares of Freeport-McMoRan in a research note on Thursday, September 10th. Finally, Erste Group Bank initiated coverage on shares of Freeport-McMoRan in a research report on Thursday, August 27th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $76.22.

Insider Buying and Selling at Freeport-McMoRan

In other Freeport-McMoRan news, EVP Douglas N. Currault II sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $78.56, for a total transaction of $6,284,800.00. Following the sale, the executive vice president directly owned 211,016 shares of the company’s stock, valued at $16,577,416.96. The trade was a 27.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Stephen T. Higgins sold 14,277 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $69.50, for a total transaction of $992,251.50. Following the completion of the transaction, the chief accounting officer owned 54,618 shares of the company’s stock, valued at approximately $3,795,951. This trade represents a 20.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 110,398 shares of company stock valued at $8,387,271 in the last quarter. 0.73% of the stock is currently owned by corporate insiders.

Freeport-McMoRan News Roundup

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

• Positive Sentiment: Higher earnings forecasts: Scotiabank raised its FY2026 EPS estimate to $3.35 from $3.06 and its FY2027 estimate to $2.86 from $2.62. Erste Group also increased its FY2026 forecast to $3.10 and FY2027 forecast to $4.32; Erste maintains a “Buy” rating. The revisions suggest analysts see potential for stronger copper prices, production, or profitability. MarketBeat analyst estimate updates
• Positive Sentiment: Potentially tighter copper supply: A halt at Grasberg could restrict copper production and tighten global supply, potentially supporting copper prices and Freeport-McMoRan’s realized pricing. However, the benefit depends on how long the disruption lasts and the company’s ability to restore operations. Does the Grasberg Halt Tighten Copper Supply?
• Neutral Sentiment: Dividend remains unchanged: Freeport-McMoRan is scheduled to pay a quarterly dividend of $0.07 on November 2. The payment supports shareholder returns but is unlikely to be a major catalyst given its modest yield. Freeport-McMoRan quarterly dividend
• Negative Sentiment: Technical momentum is fading: Commentary that FCX’s rally appears tired and that consolidation may be likely is encouraging investors to lock in gains after the stock’s strong run toward its 52-week high. Freeport-McMoRan rally looks tired
• Negative Sentiment: Operational uncertainty and broader-market weakness: The Grasberg halt raises concerns about production, costs, and the timing of any recovery. FCX also underperformed the broader market in the latest session, indicating risk reduction in a volatile, high-beta mining stock. Freeport-McMoRan falls more steeply than the broader market

Freeport-McMoRan Stock Down 3.8%

Shares of FCX opened at $69.65 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 2.07. Freeport-McMoRan Inc. has a 52 week low of $38.54 and a 52 week high of $80.24. The stock has a market capitalization of $100.01 billion, a price-to-earnings ratio of 34.31, a PEG ratio of 0.68 and a beta of 1.39. The stock has a fifty day moving average of $72.09 and a 200-day moving average of $66.50.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings data on Thursday, July 23rd. The natural resource company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.12. Freeport-McMoRan had a return on equity of 10.63% and a net margin of 11.39%. The business had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the previous year, the company posted $0.54 EPS. Freeport-McMoRan’s quarterly revenue was down 7.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Freeport-McMoRan Inc. will post 2.90 earnings per share for the current fiscal year.

Freeport-McMoRan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a $0.0750 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Freeport-McMoRan’s dividend payout ratio is currently 14.78%.

Freeport-McMoRan Company 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.