Freeport-McMoRan Inc. $FCX Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 0.9% during the 3rd quarter, Holdings Channel reports. The fund owned 3,621,297 shares of the natural resource company’s stock after purchasing an additional 32,107 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Freeport-McMoRan were worth $142,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of FCX. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Freeport-McMoRan during the third quarter valued at $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Freeport-McMoRan in the second quarter worth about $28,000. Salomon & Ludwin LLC increased its stake in Freeport-McMoRan by 1,962.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock valued at $29,000 after buying an additional 687 shares during the period. Beacon Capital Management LLC increased its stake in Freeport-McMoRan by 59.6% during the 2nd quarter. Beacon Capital Management LLC now owns 876 shares of the natural resource company’s stock valued at $38,000 after buying an additional 327 shares during the period. Finally, Proffitt & Goodson Inc. raised its position in shares of Freeport-McMoRan by 39.8% during the 3rd quarter. Proffitt & Goodson Inc. now owns 977 shares of the natural resource company’s stock worth $38,000 after buying an additional 278 shares in the last quarter. Institutional investors own 80.77% of the company’s stock.

Key Stories Impacting Freeport-McMoRan

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

• Positive Sentiment: BofA highlighted the red‑hot metals sector and named its top picks, boosting sentiment for copper/metal producers like Freeport as investors chase exposure to higher metal prices and sector leadership. BofA details its top 3 stock picks in the red-hot metals sector
• Positive Sentiment: Coverage noting “what lifted Freeport” points to recent fundamentals and market drivers (commodity price strength, production outlook, and capital returns) that support the rally in FCX shares. Here’s what lifted Freeport McMoRan (FCX)
• Neutral Sentiment: Zacks flagged FCX as attracting user interest — a sign of heightened retail & analyst attention that can amplify moves but doesn’t by itself change fundamentals; watch flows and options activity for momentum signals. Freeport‑McMoRan Inc. (FCX) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Industry‑adjacent item: a small‑cap explorer (C3 Metals) restarted activities in Jamaica — not material to Freeport’s operations but part of broader mining‑sector newsflow that can influence sentiment toward miners. C3 Metals Restarts Full Exploration Activities in Jamaica
• Negative Sentiment: Multiple securities‑law firms issued reminders about pending class‑action litigation and lead‑plaintiff deadlines for Freeport (alleged misstatements covering 2/15/2022–9/24/2025). These filings raise legal/settlement risk and can pressure sentiment and valuation until resolved. Sources: Faruqi & Faruqi, Frank R. Cruz, and Schall Law Firm reminders. FINAL DEADLINE REMINDER: Faruqi & Faruqi, LLP Reminds Freeport‑McMoran Investors DEADLINE ALERT — Frank R. Cruz Schall Law Firm reminder

Freeport-McMoRan Trading Up 1.0%

Freeport-McMoRan stock opened at $59.33 on Wednesday. The firm has a market cap of $85.19 billion, a price-to-earnings ratio of 41.78, a price-to-earnings-growth ratio of 0.72 and a beta of 1.45. Freeport-McMoRan Inc. has a 1 year low of $27.66 and a 1 year high of $60.09. The firm’s 50 day moving average price is $46.68 and its two-hundred day moving average price is $44.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 2.45.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings data on Thursday, October 23rd. The natural resource company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.09. The company had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.74 billion. Freeport-McMoRan had a return on equity of 7.84% and a net margin of 7.97%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 EPS. On average, research analysts predict that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be given a $0.075 dividend. The ex-dividend date is Thursday, January 15th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. Freeport-McMoRan’s dividend payout ratio (DPR) is 21.13%.

Insider Transactions at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Stephen T. Higgins sold 28,423 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $47.99, for a total transaction of $1,364,019.77. Following the sale, the chief accounting officer owned 105,294 shares in the company, valued at approximately $5,053,059.06. The trade was a 21.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Ellie L. Mikes sold 9,572 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $47.66, for a total transaction of $456,201.52. Following the sale, the chief accounting officer directly owned 38,761 shares of the company’s stock, valued at $1,847,349.26. This represents a 19.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

FCX has been the subject of a number of research analyst reports. Dbs Bank reduced their price target on shares of Freeport-McMoRan from $51.00 to $48.00 in a research note on Thursday, October 2nd. JPMorgan Chase & Co. boosted their target price on Freeport-McMoRan from $58.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. BMO Capital Markets upped their target price on Freeport-McMoRan from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 16th. Morgan Stanley reiterated an “overweight” rating and set a $53.00 price target on shares of Freeport-McMoRan in a research report on Monday, December 15th. Finally, Hsbc Global Res raised Freeport-McMoRan from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $53.06.

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc is a U.S.-based natural resources company primarily engaged in the exploration, mining and processing of copper, gold and molybdenum. Its operations encompass large-scale open-pit and underground mining as well as associated concentrator and milling facilities. The company produces copper in the form of concentrates and cathodes, and also recovers gold and molybdenum as co-products; its business model includes exploration, development, mining, beneficiation and the sale of bulk commodities to smelters and industrial customers.

Freeport-McMoRan conducts operations and development activities across multiple geographies, with substantial assets in the Americas and Indonesia.