Paragon Capital Management Inc. Buys 22,740 Shares of Freeport-McMoRan Inc. $FCX

Paragon Capital Management Inc. purchased a new position in shares of Freeport-McMoRan Inc. (NYSE:FCX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 22,740 shares of the natural resource company’s stock, valued at approximately $1,592,000. Freeport-McMoRan accounts for approximately 1.1% of Paragon Capital Management Inc.’s investment portfolio, making the stock its 26th largest position.

Other large investors have also recently added to or reduced their stakes in the company. Ellsworth Advisors LLC lifted its stake in shares of Freeport-McMoRan by 1.6% during the third quarter. Ellsworth Advisors LLC now owns 55,914 shares of the natural resource company’s stock worth $3,914,000 after purchasing an additional 872 shares in the last quarter. NFSG Corp raised its holdings in shares of Freeport-McMoRan by 32.8% during the 3rd quarter. NFSG Corp now owns 1,426 shares of the natural resource company’s stock valued at $100,000 after buying an additional 352 shares during the period. Walser Wealth Management Company A Ltd Liability Co lifted its position in Freeport-McMoRan by 9.2% during the 3rd quarter. Walser Wealth Management Company A Ltd Liability Co now owns 74,290 shares of the natural resource company’s stock worth $5,200,000 after acquiring an additional 6,238 shares in the last quarter. V Square Quantitative Management LLC lifted its position in Freeport-McMoRan by 11.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 5,330 shares of the natural resource company’s stock worth $373,000 after acquiring an additional 530 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Freeport-McMoRan by 84.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,448,772 shares of the natural resource company’s stock worth $381,414,000 after acquiring an additional 2,501,881 shares in the last quarter. 80.77% of the stock is currently owned by institutional investors and hedge funds.

Freeport-McMoRan Stock Up 0.5%

FCX stock opened at $70.00 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.07 and a quick ratio of 0.92. Freeport-McMoRan Inc. has a 1-year low of $38.54 and a 1-year high of $80.24. The firm has a fifty day moving average price of $72.12 and a two-hundred day moving average price of $66.60. The firm has a market cap of $100.52 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 0.66 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 for the quarter, topping analysts’ consensus estimates of $0.62 by $0.12. Freeport-McMoRan had a net margin of 11.39% and a return on equity of 10.63%. The company had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the prior year, the company earned $0.54 earnings per share. The firm’s revenue was down 7.3% compared to the same quarter last year. Research analysts predict that Freeport-McMoRan Inc. will post 2.90 EPS for the current year.

Freeport-McMoRan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid 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 is 14.78%.

More Freeport-McMoRan News

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

• Positive Sentiment: Strong copper-demand outlook: BlackRock World Mining Trust identified FCX as a major holding, citing long-term demand from global electrification, artificial intelligence infrastructure and the broader focus on critical minerals. This reinforces the investment case for Freeport as a major copper supplier. Freeport McMoRan Is A Major Holding In A Mining Trust
• Positive Sentiment: Higher profit forecasts: Scotiabank raised its FY2026 EPS estimate for FCX to $3.35 from $3.06 and its FY2027 forecast to $2.86 from $2.62. Erste Group also increased its FY2027 estimate to $4.32 from $4.00 and maintained a Buy rating, reflecting expectations for strong metal prices and cash generation. Analysts Raise Freeport-McMoRan Earnings Estimates
• Positive Sentiment: Potential earnings beat: FCX is among the copper and precious-metals companies viewed as likely to exceed third-quarter 2026 estimates, helped by elevated metal prices. Copper and Precious Metals Stocks Likely to Beat Q3 Estimates
• Neutral Sentiment: Production broadly on plan: Third-quarter copper and gold output was generally in line with expectations, but some Indonesian gold production shifted into the fourth quarter. That timing change may defer near-term revenue while potentially supporting the next quarter’s results. Freeport-McMoRan After Q3 Production Update
• Neutral Sentiment: Operational and valuation considerations: Coverage of the Grasberg disruption suggests the event could tighten copper supply, but it also highlights operating risk. Meanwhile, analysts question whether FCX’s sizable multiyear rally and roughly $70 share price already reflect optimistic copper and cash-flow assumptions. Does the Grasberg Halt Tighten Copper Supply?
• Negative Sentiment: Recent profit-taking: FCX recently declined more sharply than the broader market, and commentary suggests its rally may be losing momentum, increasing the likelihood of consolidation despite the favorable long-term copper outlook. Freeport-McMoRan Rally Looks Tired

Analyst Ratings Changes

A number of analysts have recently issued reports on FCX shares. JPMorgan Chase & Co. lifted their target price on Freeport-McMoRan from $77.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Weiss Ratings upgraded shares of Freeport-McMoRan from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. The Goldman Sachs Group reiterated a “buy” rating on shares of Freeport-McMoRan in a research note on Thursday, September 10th. Bank of America raised their price objective on shares of Freeport-McMoRan from $74.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Royal Bank Of Canada boosted their target price on shares of Freeport-McMoRan from $73.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $76.22.

Insider Buying and Selling at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Stephen T. Higgins sold 14,277 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $69.50, for a total value of $992,251.50. Following the transaction, the chief accounting officer owned 54,618 shares of the company’s stock, valued at $3,795,951. This trade represents a 20.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lydia H. Kennard sold 3,798 shares of Freeport-McMoRan stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $79.11, for a total value of $300,459.78. Following the completion of the transaction, the director owned 122,702 shares of the company’s stock, valued at approximately $9,706,955.22. The trade was a 3.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 110,398 shares of company stock worth $8,387,271 in the last ninety days. Insiders own 0.73% of the company’s stock.

About Freeport-McMoRan

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.