Kassira Wealth Management LLC Makes New $1.07 Million Investment in Freeport-McMoRan Inc. $FCX

Kassira Wealth Management LLC bought a new stake in Freeport-McMoRan Inc. (NYSE:FCX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,333 shares of the natural resource company’s stock, valued at approximately $1,073,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp boosted its stake in shares of Freeport-McMoRan by 34.5% in the 1st quarter. Fifth Third Bancorp now owns 1,062,916 shares of the natural resource company’s stock valued at $62,478,000 after purchasing an additional 272,726 shares during the last quarter. Iowa State Bank grew its holdings in Freeport-McMoRan by 50.7% during the 3rd quarter. Iowa State Bank now owns 50,144 shares of the natural resource company’s stock worth $3,510,000 after acquiring an additional 16,868 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Freeport-McMoRan by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,687,524 shares of the natural resource company’s stock worth $169,018,000 after acquiring an additional 117,888 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Freeport-McMoRan by 1.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,970,872 shares of the natural resource company’s stock worth $627,068,000 after acquiring an additional 141,738 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Freeport-McMoRan by 17.1% during the 2nd quarter. HighTower Advisors LLC now owns 1,249,858 shares of the natural resource company’s stock worth $78,604,000 after acquiring an additional 182,714 shares during the period. Institutional investors own 80.77% of the company’s stock.

Insider Activity

In related news, EVP Douglas Currault, II sold 80,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were 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 owned 211,016 shares in the company, valued at $16,577,416.96. This represents a 27.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Stephen Higgins sold 14,277 shares of the company’s stock in a transaction 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 sale, the chief accounting officer owned 54,618 shares of the company’s stock, valued at approximately $3,795,951. This represents a 20.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 102,848 shares of company stock worth $7,911,621 over the last quarter. Corporate insiders own 0.73% of the company’s stock.

Key Stories Impacting Freeport-McMoRan

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

• Positive Sentiment: Freeport-McMoRan’s third-quarter results exceeded expectations, with earnings per share of roughly $0.81–$0.88 on $7.55 billion in revenue, supported by stronger copper economics and year-over-year revenue growth. The company’s Grasberg recovery is also advancing, which could improve production and cash flow over time. Freeport-McMoRan Q3 2026 Earnings
• Positive Sentiment: Wells Fargo reportedly maintained a Buy view on FCX, while UBS retained its Buy rating despite reducing its price target to $85 from $88. The targets remain above the recent trading level, indicating analysts still see potential upside if copper prices and Grasberg operations remain favorable. Freeport-McMoRan Receives a Buy from Wells Fargo UBS Adjusts Freeport-McMoRan Price Target
• Neutral Sentiment: FCX was included among non-ferrous mining stocks worth watching despite a weak near-term industry outlook. The list highlights the company’s growth potential but also underscores the challenging backdrop for metal producers. 5 Non-Ferrous Metal Mining Stocks to Watch
• Negative Sentiment: Freeport reduced its copper-sales outlook even as Grasberg recovery progresses. That combination raises concerns about near-term production, shipment timing and the pace at which the mine will contribute to results. Freeport Trims Copper Sales Outlook
• Negative Sentiment: UBS and Wells Fargo lowered their expectations for FCX’s share price, adding pressure after the stock’s strong run. A separate analysis argued that the anticipated Grasberg recovery may already be reflected in the valuation, with a relatively high earnings multiple leaving less room for disappointment. UBS Forecast for Freeport-McMoRan Freeport-McMoRan Q3 Analysis

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on FCX shares. Erste Group Bank began coverage on Freeport-McMoRan in a research note on Thursday, August 27th. They issued a “buy” rating on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Freeport-McMoRan in a research report on Thursday, September 10th. Freedom Broker cut Freeport-McMoRan from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. dropped their price objective on Freeport-McMoRan from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Bank of America increased their target price on Freeport-McMoRan from $74.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $75.67.

Freeport-McMoRan Stock Down 5.6%

Shares of NYSE FCX opened at $62.44 on Friday. The stock has a market cap of $89.67 billion, a P/E ratio of 26.24, a P/E/G ratio of 0.57 and a beta of 1.39. The firm has a 50 day moving average price of $71.59 and a 200 day moving average price of $65.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.92 and a current ratio of 2.02. Freeport-McMoRan Inc. has a 52-week low of $38.54 and a 52-week high of $80.24.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Tuesday, October 27th. The natural resource company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.82 by $0.06. The firm had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.36 billion. Freeport-McMoRan had a net margin of 13.03% and a return on equity of 12.09%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. Analysts expect that Freeport-McMoRan Inc. will post 3.04 EPS for the current year.

Freeport-McMoRan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued 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 0.5%. Freeport-McMoRan’s payout ratio is 12.61%.

About Freeport-McMoRan

Freeport-McMoRan Inc (NYSE: FCX) is a global mining company primarily engaged in the exploration, development, and production of copper. Copper is used extensively in electrical wiring, construction, transportation, renewable energy systems, and other industrial applications. The company also produces gold and molybdenum, a metal used in steelmaking and other industrial processes, as well as certain other byproducts.

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