Freeport-McMoRan Inc. $FCX Stock: Nippon Life Global Investors Americas Inc. Increases Position

Nippon Life Global Investors Americas Inc. increased its position in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 26.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,270 shares of the natural resource company’s stock after buying an additional 21,400 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Freeport-McMoRan were worth $7,089,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Freeport-McMoRan by 3.6% in the 2nd quarter. State Street Corp now owns 66,485,424 shares of the natural resource company’s stock valued at $4,181,268,000 after purchasing an additional 2,300,416 shares in the last quarter. Bank of America Corp DE increased 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 buying an additional 7,044,775 shares during the last quarter. Wellington Management Group LLP increased its holdings in Freeport-McMoRan by 13.8% in the second quarter. Wellington Management Group LLP now owns 14,918,066 shares of the natural resource company’s stock valued at $938,197,000 after buying an additional 1,810,698 shares during the last quarter. Amundi raised its stake in Freeport-McMoRan by 10.5% during the second quarter. Amundi now owns 11,819,898 shares of the natural resource company’s stock valued at $743,353,000 after buying an additional 1,125,982 shares in the last quarter. Finally, Jupiter Topco LLC acquired a new stake in Freeport-McMoRan during the second quarter valued at approximately $739,890,000. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FCX has been the subject of several research reports. Wells Fargo & Company decreased their target price on Freeport-McMoRan from $87.00 to $79.00 and set an “overweight” rating for the company in a research report on Wednesday, October 28th. Scotiabank dropped their price target on Freeport-McMoRan from $80.00 to $78.00 and set a “sector outperform” rating on the stock in a research report on Wednesday. Sanford C. Bernstein decreased their price objective on shares of Freeport-McMoRan from $50.00 to $47.00 and set a “market perform” rating for the company in a report on Wednesday, September 9th. The Goldman Sachs Group reiterated a “buy” rating on shares of Freeport-McMoRan in a research note on Thursday, September 10th. Finally, Wall Street Zen cut shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $75.67.

Insider Transactions at Freeport-McMoRan

In other news, CAO Ellie Mikes sold 4,773 shares of Freeport-McMoRan stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $70.00, for a total transaction of $334,110.00. Following the transaction, the chief accounting officer directly owned 36,000 shares in the company, valued at approximately $2,520,000. This trade represents a 11.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Stephen Higgins sold 14,277 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was 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 in the company, 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. In the last 90 days, insiders sold 102,848 shares of company stock valued at $7,911,621. Company insiders own 0.73% of the company’s stock.

Freeport-McMoRan Stock Down 0.0%

Shares of Freeport-McMoRan stock opened at $62.44 on Monday. The company has a market capitalization of $89.67 billion, a P/E ratio of 26.24, a PEG ratio of 0.57 and a beta of 1.38. The business’s fifty day moving average price is $71.59 and its two-hundred day moving average price is $65.24. Freeport-McMoRan Inc. has a 1-year low of $38.54 and a 1-year high of $80.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.02 and a quick ratio of 0.91.

Freeport-McMoRan (NYSE:FCX) last released 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 for the quarter, compared to analysts’ expectations of $7.36 billion. Freeport-McMoRan had a net margin of 13.03% and a return on equity of 12.09%. Freeport-McMoRan’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $0.50 EPS. As a group, research analysts forecast 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. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.0750 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 15th. Freeport-McMoRan’s dividend payout ratio (DPR) is presently 12.61%.

Key Freeport-McMoRan News

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

Freeport-McMoRan Profile

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.