Freeport-McMoRan (NYSE:FCX) Chairman Sells $9,888,864.00 in Stock

Freeport-McMoRan Inc. (NYSE:FCX) Chairman Richard Adkerson sold 152,960 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $64.65, for a total value of $9,888,864.00. Following the sale, the chairman directly owned 3,356,159 shares in the company, valued at $216,975,679.35. The trade was a 4.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Freeport-McMoRan Price Performance

NYSE:FCX opened at $62.82 on Friday. The firm has a market capitalization of $90.21 billion, a price-to-earnings ratio of 41.60, a PEG ratio of 0.68 and a beta of 1.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.29 and a quick ratio of 1.05. The business has a 50 day simple moving average of $55.94 and a 200-day simple moving average of $46.82. Freeport-McMoRan Inc. has a 1 year low of $27.66 and a 1 year high of $69.44.

Freeport-McMoRan (NYSE:FCX) last released its earnings results on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.19. The firm had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.42 billion. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. Equities analysts forecast that Freeport-McMoRan Inc. will post 1.68 EPS for the current year.

Freeport-McMoRan Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th were paid a $0.075 dividend. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. Freeport-McMoRan’s dividend payout ratio is currently 19.87%.

More Freeport-McMoRan News

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

• Positive Sentiment: BNP Paribas Exane raised its price target on FCX to $75 (from $56) and kept an “outperform” rating — a sizeable lift to upside expectations. Read More.
• Positive Sentiment: Argus upgraded FCX from “hold” to “buy,” reinforcing buy-side momentum and contributing to short‑term demand. Read More.
• Positive Sentiment: Other broker actions (Stifel raised its target to $76; UBS, Wells Fargo and Morgan Stanley have recently lifted targets) add to the analyst-driven narrative supporting higher valuations. Read More.
• Positive Sentiment: Zacks and other research outlets highlight rising earnings-estimate revisions and momentum characteristics for FCX, which can justify multiple expansion if commodity prices and volumes cooperate. Read More.
• Neutral Sentiment: Increased media and analyst attention (multiple Zacks pieces, MSN/Yahoo coverage) is amplifying flows into FCX but is informational rather than a direct operational catalyst. Read More.
• Negative Sentiment: Grasberg production setbacks materially reduced Q4 copper/gold volumes, a real operational headwind that can limit near-term revenue despite stronger prices. Read More.
• Negative Sentiment: Large insider sales: Chairman Richard Adkerson disclosed multi-hundred-thousand‑share disposals (Feb. 10–11 filings) totaling tens of millions of dollars — these trades can sap sentiment even if explained by diversification or tax planning. Read More.
• Negative Sentiment: EVP Douglas Currault II sold 75,000 shares (~$4.8M); insider selling at the executive level is a nearer-term negative for perception of internal conviction. Read More.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. FORA Capital LLC purchased a new position in Freeport-McMoRan during the 4th quarter worth $1,043,000. Transamerica Financial Advisors LLC grew its position in shares of Freeport-McMoRan by 46.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 7,717 shares of the natural resource company’s stock worth $392,000 after buying an additional 2,458 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Freeport-McMoRan by 59.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 15,244 shares of the natural resource company’s stock valued at $774,000 after buying an additional 5,666 shares during the period. Marshall Wace LLP raised its holdings in shares of Freeport-McMoRan by 1,758.2% in the fourth quarter. Marshall Wace LLP now owns 3,636,150 shares of the natural resource company’s stock valued at $184,680,000 after acquiring an additional 3,440,472 shares in the last quarter. Finally, Financial Sense Advisors Inc. lifted its stake in Freeport-McMoRan by 106.6% in the fourth quarter. Financial Sense Advisors Inc. now owns 427,609 shares of the natural resource company’s stock worth $21,718,000 after acquiring an additional 220,634 shares during the period. Institutional investors own 80.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. UBS Group upped their price target on shares of Freeport-McMoRan from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Freeport-McMoRan in a research note on Wednesday, November 26th. Morgan Stanley set a $70.00 price target on Freeport-McMoRan in a research note on Tuesday, January 27th. Wells Fargo & Company boosted their price objective on Freeport-McMoRan from $55.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Finally, Scotiabank increased their target price on Freeport-McMoRan from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.26.

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.